Company: BCML
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001730984-25-000073
Chunk: 1

Company: BayCom Corp
Filing Date: 2025-11-07
Form: 10-Q
Item: Part II, Item 1L
Chunk 1
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Item 1. Legal Proceedings

Periodically, there have been various claims and lawsuits involving the Company, such as claims to enforce liens, condemnation proceedings on properties in which the Company holds security interests, claims involving the making and servicing of real property loans and other issues incident to the Company’s business. The Company is not a party to any pending legal proceedings that it believes would have a material adverse effect on the financial condition or results of operations of the Company.

Item 1A. Risk Factors

There have been no material changes in the Risk Factors previously disclosed in Item 1A of the 2024 Annual Report.

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Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities

(a)Not applicable.

(b)Not applicable.

       (c)Stock Repurchases. The following table sets forth information with respect to our repurchases of our outstanding common shares during the three months ended September 30, 2025:

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​​​​​​​​​​​​​​​​​Total number of​ ​​Total​​Average​shares purchased​Maximum number of​​number of​​price​as part of​shares that may yet be​​shares​​paid​publicly announced​purchased under the​​purchased​​per share​plans or programs​plans or programs (1)July 1, 2025 - July 31, 2025     1,621 $ 27.01​ 1,621     263,234August 1, 2025 - August 31, 2025  31,679​​ 27.31​ 31,679  231,555September 1, 2025 - September 30, 2025  —​​ —​ —  231,555​  33,300​$ 27.29​ 33,300 ​

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(1)In May 2024, the Company’s Board of Directors approved the Company’s ninth stock repurchase program, which commenced following completion of the eighth stock repurchase program in June 2024, authorizing the purchase of up to 560,000 shares, or approximately 5.0%, of the Company’s outstanding common stock. While a prior public announcement incorrectly described the current program as expiring after one year, the Board’s authorization is open-ended and has no expiration date. Purchases under the Company’s stock repurchase programs may be made through open market purchases, privately negotiated transactions,