Here are 1-3 brief analogies for BayCom (BCML):

• It's like a regional version of Wells Fargo, but with a stronger focus on small to mid-sized businesses and commercial real estate in the Western U.S.
• Think of it as a smaller Comerica Bank, specializing in business and commercial real estate lending across the Western U.S.

• Deposit Accounts: Provides various deposit options for individuals and businesses, including demand, savings, money market, and time deposit accounts.
• Commercial Lending: Offers a range of loans to businesses, such as commercial real estate, industrial, Small Business Administration (SBA), construction, and agriculture-related loans.
• Consumer Lending: Provides individual customers with loans like installment loans, personal lines of credit, and overdraft protection.
• Digital & Branch Banking Services: Enables convenient banking through online and mobile platforms, ATM access, and a network of physical branches.
• Treasury Management Services: Delivers comprehensive services for businesses to manage their cash flow efficiently, including remote deposit capture, wire transfers, Automated Clearing House (ACH) services, and various account management tools.
• Letters of Credit: Facilitates trade and financial transactions by offering letters of credit as a payment guarantee.

BayCom Corp (BCML) operates as a bank holding company for United Business Bank, providing financial services primarily to the following categories of customers:

• Small and mid-sized businesses
• Service professionals
• Individuals

George J. Guarini, President and Chief Executive Officer

Mr. Guarini is a Founding Director of BayCom Corp and has served as President and Chief Executive Officer since the bank's inception in 2004, realizing his vision of establishing a bank focused on "best in class" offerings. He has held key executive and senior level management positions at national and regional financial institutions. Prior to opening Bay Commercial Bank, he was Senior Vice President and Senior Lending Officer of Summit Bank from 2000 to 2003, also serving as Acting President from August 2001 to August 2002. From 1994 to 1999, he worked at Imperial Capital Bank as Senior Vice President, and in 1997, he was the founding Chief Executive Officer of ITLA Funding Corporation, a wholly owned subsidiary of ITLA Capital Corporation.

Keary L. Colwell, Senior Executive Vice President, Chief Financial Officer, Chief Administrative Officer, Secretary, Treasurer, and Director

Ms. Colwell has served as the Chief Financial Officer and Corporate Secretary of United Business Bank since its inception in 2004. She is responsible for financial planning, risk management, record-keeping, and financial reporting. Ms. Colwell has over 28 years of experience in banking and finance. Before joining the bank, she was Executive Vice President and Chief Financial Officer of The San Francisco Company and Bank of San Francisco from 1996 until its sale in 2001. Her prior experience also includes serving as Vice President/Senior Financial Management of First Nationwide Bank from 1988-1992 and Vice President and Controller at Independence Savings and Loan Association. She obtained her Certified Public Accountant license in 1984.

Janet L. King, Senior Executive Vice President, Chief Operating Officer and Director

Ms. King has served as the Chief Operating Officer of the Bank since its inception in 2004. She brings over 35 years of banking experience to her role. Prior to joining BayCom Corp, Ms. King was the Chief Branch Administrative Officer at Circle Bank in Novato, California, from 1999 to 2004. She also held the position of Vice President of Operations for Valencia Bank & Trust from 1987 to 1998.

Lloyd W. Kendall Jr., Chairman of the Board and Founding Director

Mr. Kendall serves as the Chairman of the Board and is a Founding Director of BayCom Corp, providing long-term strategic oversight and continuity to the company.

Rick Pak, Executive Vice President and Chief Lending Officer of United Business Bank

Mr. Pak is responsible for driving United Business Bank's lending operations and managing its credit portfolio. He possesses extensive experience in commercial banking and credit risk management.

The key risks to BayCom Corp (BCML) are primarily concentrated in its core banking operations and the broader economic and regulatory environment.

1. Interest Rate Risk: As a bank holding company, BayCom Corp's profitability, particularly its net interest income, is highly sensitive to fluctuations in interest rates. Changes in interest rates can affect the value of its assets, expected revenues, credit quality, and the market value of its investment securities. For instance, a deceleration in economic growth and dropping interest rates are anticipated to impact net interest income.
2. Credit Risk and Economic Downturns: The principal economic risk for BayCom stems from the creditworthiness of its borrowers and the value of underlying collateral for its diverse loan portfolio, which includes commercial and multifamily real estate loans, commercial and industrial loans, and agriculture-related loans. Downturns in the national economy or the regional economies where BayCom operates (California, Colorado, New Mexico, and Washington) can lead to unexpected credit losses, increased loan delinquencies, and write-offs, directly impacting the company's financial condition and results of operations.
3. Regulatory Changes and Competition: BayCom operates within a highly regulated industry, making it susceptible to significant changes in banking laws or regulations that could increase compliance costs or restrict its business activities. Additionally, increased competition in the markets served by BayCom's United Business Bank, alongside advancements in financial technology, poses a risk to its market share, operational strategies, and overall profitability.

The clear emerging threat to BayCom comes from the rapid growth and increasing sophistication of Fintech companies and neobanks. These digital-first financial service providers offer convenient, tech-driven alternatives for deposits, lending, and payment processing, directly targeting BayCom's customer base of individuals and small to mid-sized businesses. This includes challenger banks that attract retail and small business deposits with competitive rates and superior digital experiences, as well as fintech lenders and payment platforms that provide faster, more agile loan products and financial tools, potentially bypassing traditional bank relationships for working capital and other business needs. The rise of embedded finance, where non-financial platforms integrate financial services, further challenges the traditional banking model by offering financial solutions within existing business workflows.

For BayCom (BCML), the addressable market sizes for its main products and services in its operating regions are as follows:

• Deposits:
  • New Mexico: $13.72 billion (as of December 31, 2024)
  • Colorado: Approximately $84.12 billion (total deposits held at community bank branches, as of December 13, 2024)
  • California: null
  • Washington: null
• Commercial & Multifamily Real Estate Loans:
  • California: $62.3 billion (Real Estate Loans & Collateralized Debt industry market size in 2026)
  • New Mexico: $1.2 billion (Real Estate Loans & Collateralized Debt industry market size in 2026)
  • Colorado: Approximately $13.7 billion (commercial real estate transaction volume in 2025)
  • Washington: null
• Commercial & Industrial (C&I) Loans:
  • Colorado: The broader Commercial Banking industry, which includes commercial and industrial loans, has a market size of $16.9 billion in 2026.
  • New Mexico: New lending to businesses with revenues of $1 million or less was $1.5 billion in 2020.
  • Washington: The broader Commercial Banking industry, which includes commercial and industrial loans, has a market size of $17.7 billion in 2026.
  • California: null
• Consumer Loans: null
• Small Business Administration (SBA) Loans: null
• Construction and Land Loans: (These are typically included within Commercial Real Estate Loans)
• Agriculture-Related Loans: null

Share Repurchases

• BayCom authorized a ninth stock repurchase program in May 2024, allowing for the buyback of up to 560,000 shares, or approximately 5% of currently outstanding shares, over a one-year period. This program will begin after the completion or expiration of the eighth program on April 21, 2025.
• As of May 24, 2024, 12,627 shares remained available for repurchase under the company's eighth stock repurchase program, which was authorized in August 2023 for 0.59 million shares.
• The company reported net share repurchases of approximately $9.25 million in 2024, $24.11 million in 2023, $17.96 million in 2022, and $11.55 million in 2021.

Capital Expenditures

• BayCom Corp invested $1.1 million in capital expenditures during Q3 2025, which marked a 49.0% increase from the previous quarter.
• Capital expenditures in Q3 2025 were primarily focused on funding long-term assets and infrastructure.
• Annual capital expenditures were approximately $62.19 million in 2024, $80.4 million in 2023, $53.94 million in 2022, and $60.36 million in 2021.