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WALNUT CREEK, Calif. - BayCom Corp (NASDAQ:BCML), the parent company of United Business Bank, announced Thursday its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the company’s common stock, representing a 25% increase from the previous $0.20 per share. The dividend boost continues the company’s track record of raising dividends for three consecutive years, according to InvestingPro data, bringing the current yield to 2.81%.
The dividend will be payable on October 9, 2025, to shareholders of record as of the close of business on September 11, 2025.
BayCom Corp operates through its wholly owned subsidiary, United Business Bank, which provides various loan products, including SBA, CalCAP, FSA and USDA guaranteed loans, as well as deposit services to businesses in California, Nevada, Washington, New Mexico and Colorado.
The company’s stock trades on the NASDAQ under the symbol BCML.
This information is based on a press release statement from BayCom Corp.
In other recent news, BayCom Corp reported second-quarter 2025 earnings per share of $0.58, surpassing both DA Davidson’s estimate of $0.56 and the Street consensus of $0.55. This earnings beat was attributed to lower operating expenses and a reduced loan loss provision. Following these results, DA Davidson raised its price target for BayCom to $32.00, maintaining a Buy rating on the stock. Additionally, BayCom Corp announced a 33% increase in its quarterly cash dividend, raising it to $0.20 per share from the previous $0.15. This increased dividend will be paid on July 10, 2025, to shareholders recorded by June 12, 2025. The company also revealed plans to redeem $64.7 million in subordinated notes on September 15, 2025, using cash on hand. These developments reflect BayCom’s ongoing financial adjustments and strategic decisions.
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