BayCom Annualized Net Interest Margin Rises to 4.11%
Annualized net interest margin was 4.11% for the current quarter, up from 4.03% the preceding quarter and 3.83% the same quarter a year ago. Annualized return on average assets was 1.25% for current quarter, up from 1.05% the preceding quarter and 0.89% the same quarter a year ago. William Black, Executive Vice Chairman, commented, "I am excited to join BayCom and United Business Bank alongside my colleagues Chris Baron, the Company's new President & Chief Executive Officer, and Kevin Thompson, the Company's new Chief Financial Officer. I want to thank the departing executives, who worked tirelessly over the past 22 years to create a well-respected institution with a strong foundation for future growth - a clean balance sheet, a strong deposit franchise, and a disciplined credit culture."
