The business behind the dividend
| Measure | BCML | Median | Formula |
|---|---|---|---|
| Return on equity | 7.1% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | — | — | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $30.09m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 24.1% | 14.3% | Operating income ÷ revenue |
| Net margin | 17.7% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | — | — | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -0.3% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Owner earnings, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 7.1% | 7.3% | 8.8% | 7.5% | 7.9% | 5.4% | 6.8% | 7.2% | 4.4% | 7.6% | 7.2% |
| Operating margin | 24.1% | 24.4% | 30.2% | 30.3% | 34.9% | 20.9% | 31.0% | 36.0% | — | — | 30.3% |
| Net margin | 17.7% | 17.9% | 21.7% | 22.2% | 25.4% | 15.7% | 22.6% | 25.5% | 11.9% | 20.0% | 20.0% |
How it compares in banks & insurers
Among the 377 banks & insurers companies here measured on GAAP earnings, BayCom pays out less than 113 of them. The median for that group is 30.6%, against this company’s 41.3%.
Closest on GAAP earnings
- Citigroup (C) 41.0%
- UWM Holdings (UWMC) 41.0%
- Unum Group (UNM) 41.2%
- Norwood Financial (NWFL) 41.5%
Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →