Bank Marin Bancorp Financials

BMRC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

4/9

Bank Marin Bancorp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-3.37x

For every $1 of reported earnings, Bank Marin Bancorp generates $-3.37 in operating cash flow ($28.4M OCF vs -$8.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Bank Marin Bancorp (BMRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$141.3M

YoY+1.3%

5Y CAGR+7.1%

10Y CAGR+6.9%

Bank Marin Bancorp generated $141.3M in revenue in fiscal year 2024. This represents an increase of 1.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$27.8M

YoY-17.9%

5Y CAGR-7.2%

10Y CAGR+5.4%

Bank Marin Bancorp generated $27.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 17.9% from the prior year.

Net Income

-$8.4M

YoY-142.3%

Bank Marin Bancorp reported -$8.4M in net income in fiscal year 2024. This represents a decrease of 142.3% from the prior year.

EPS (Diluted)

$-0.52

YoY-141.9%

Bank Marin Bancorp earned $-0.52 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 141.9% from the prior year.

Cash & Debt

$137.3M

YoY+350.9%

5Y CAGR-5.6%

10Y CAGR+45.6%

Bank Marin Bancorp held $137.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY+0.0%

5Y CAGR+4.6%

10Y CAGR+2.3%

Bank Marin Bancorp paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

16M

YoY-0.4%

5Y CAGR+3.5%

10Y CAGR+10.5%

Bank Marin Bancorp had 16M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-5.9%

YoY-20.2pp

5Y CAGR-40.0pp

10Y CAGR-33.1pp

Bank Marin Bancorp's net profit margin was -5.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 20.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$4.3M

5Y CAGR-22.3%

Bank Marin Bancorp spent $4.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$520K

YoY-70.3%

5Y CAGR-0.8%

10Y CAGR-13.9%

Bank Marin Bancorp invested $520K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 70.3% from the prior year.

BMRC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$141.3M+1.3%	$139.5M+7.3%	$130.0M+20.0%	$108.4M+8.7%	$99.6M-0.8%	$100.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$46.6M+26.9%	$36.7M+1341.1%	$2.5M-25.1%	$3.4M+14.2%	$3.0M-37.4%	$4.8M
Income Tax	-$5.4M-188.4%	$6.1M-63.7%	$16.9M+45.2%	$11.7M+12.7%	$10.3M-11.2%	$11.7M
Net Income	-$8.4M-142.3%	$19.9M-57.3%	$46.6M+40.2%	$33.2M+9.9%	$30.2M-11.7%	$34.2M
EPS (Diluted)	$-0.52-141.9%	$1.24-57.5%	$2.92+27.0%	$2.30+3.6%	$2.22-10.5%	$2.48

Metric	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23
Revenue	$39.1M+10.9%	$35.2M-3.4%	$36.5M+0.4%	$36.3M+5.8%	$34.3M-3.1%	$35.4M+0.9%	$35.1M+1.4%	$34.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.9M+5.7%	$10.3M-8.5%	$11.2M-6.7%	$12.1M+1.6%	$11.9M+6.3%	$11.2M+4.9%	$10.6M+1.4%	$10.5M
Income Tax	$2.1M+29.8%	$1.6M-56.0%	$3.6M+51.6%	$2.4M+119.3%	-$12.5M-5624.8%	-$218K-113.6%	$1.6M+21.1%	$1.3M
Net Income	$7.5M+54.3%	$4.9M-18.7%	$6.0M+31.3%	$4.6M+120.9%	-$21.9M-3690.5%	$610K-88.5%	$5.3M+16.3%	$4.6M
EPS (Diluted)	$0.47+56.7%	$0.30-21.1%	$0.38+35.7%	$0.28+120.6%	$-1.36-3500.0%	$0.04-87.9%	$0.33+17.9%	$0.28

BMRC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.7B-2.7%	$3.8B-8.3%	$4.1B-3.9%	$4.3B+48.2%	$2.9B+7.6%	$2.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$137.3M+350.9%	$30.5M-33.0%	$45.4M-86.9%	$347.6M+73.5%	$200.3M+9.2%	$183.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M+141.4%	$30.1M0.0%	$30.1M
Total Liabilities	$3.3B-2.9%	$3.4B-9.9%	$3.7B-3.3%	$3.9B+51.3%	$2.6B+7.7%	$2.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$435.4M-0.8%	$439.1M+6.5%	$412.1M-8.5%	$450.4M+25.7%	$358.3M+6.4%	$336.8M
Retained Earnings	$250.0M-9.0%	$274.6M+1.4%	$270.8M+12.9%	$239.9M+9.2%	$219.7M+8.1%	$203.2M

Metric	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23
Total Assets	$3.9B+2.2%	$3.8B+2.2%	$3.7B-2.4%	$3.8B+2.7%	$3.7B-2.9%	$3.8B-5.7%	$4.0B-1.4%	$4.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$219.3M-15.6%	$259.9M+89.3%	$137.3M-40.1%	$229.2M-1.0%	$231.4M+659.9%	$30.5M-75.3%	$123.1M+210.5%	$39.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M0.0%	$72.8M
Total Liabilities	$3.4B+2.4%	$3.3B+2.4%	$3.3B-2.7%	$3.4B+2.9%	$3.3B-3.1%	$3.4B-7.0%	$3.6B-1.4%	$3.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$443.8M+1.0%	$439.6M+1.0%	$435.4M-0.4%	$437.0M+0.5%	$434.9M-0.9%	$439.1M+4.9%	$418.6M-1.3%	$423.9M
Retained Earnings	$241.7M-3.6%	$250.8M+0.3%	$250.0M+0.8%	$248.0M+0.2%	$247.5M-9.9%	$274.6M-1.2%	$278.0M+0.5%	$276.7M

BMRC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$28.4M-20.5%	$35.7M-35.5%	$55.3M+22.2%	$45.3M+10.8%	$40.8M-0.2%	$40.9M
Capital Expenditures	$520K-70.3%	$1.7M-22.8%	$2.3M+117.0%	$1.0M+6.4%	$981K+81.0%	$542K
Free Cash Flow	$27.8M-17.9%	$33.9M-36.0%	$53.0M+19.9%	$44.2M+10.9%	$39.9M-1.3%	$40.4M
Investing Cash Flow	$195.2M-41.7%	$334.7M+253.5%	-$218.1M+36.0%	-$340.7M-96.4%	-$173.4M-735.7%	-$20.8M
Financing Cash Flow	-$116.7M+69.7%	-$385.3M-176.4%	-$139.4M-131.5%	$442.7M+196.1%	$149.5M+15.9%	$129.0M
Dividends Paid	$16.2M+0.6%	$16.1M+2.8%	$15.7M+19.6%	$13.1M+4.8%	$12.5M+14.1%	$11.0M
Share Buybacks	$4.3M	$0-100.0%	$1.3M-96.9%	$40.8M+490.9%	$6.9M-54.2%	$15.1M

Metric	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23
Operating Cash Flow	$12.5M+152.8%	$4.9M-53.9%	$10.7M+8.5%	$9.9M+186.3%	$3.4M+338.2%	$787K-94.1%	$13.4M+66.1%	$8.1M
Capital Expenditures	$411K+30.9%	$314K+91.5%	$164K+54.7%	$106K+19.1%	$89K+641.7%	$12K+114.0%	-$86K-122.3%	$385K
Free Cash Flow	$12.1M+161.1%	$4.6M-56.2%	$10.6M+8.0%	$9.8M+190.8%	$3.4M+333.5%	$775K-94.2%	$13.3M+73.3%	$7.7M
Investing Cash Flow	-$154.4M-487.1%	$39.9M+529.8%	-$9.3M+90.7%	-$99.3M-137.3%	$266.1M+68.2%	$158.2M+23.7%	$127.9M+253.0%	$36.2M
Financing Cash Flow	$132.4M+70.1%	$77.8M+183.4%	-$93.3M-207.1%	$87.1M+217.1%	-$74.4M+70.4%	-$251.7M-335.6%	-$57.8M-35.6%	-$42.6M
Dividends Paid	$4.0M0.0%	$4.0M+0.1%	$4.0M-1.1%	$4.1M-0.2%	$4.1M+0.9%	$4.0M+0.1%	$4.0M0.0%	$4.0M
Share Buybacks	$1.1M	N/A	$19K-99.6%	$4.2M	N/A	$0	$0	$0

BMRC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-5.9%-20.2pp	14.3%-21.6pp	35.8%+5.2pp	30.7%+0.3pp	30.3%-3.7pp	34.1%
Return on Equity	N/A	4.5%-6.8pp	11.3%+3.9pp	7.4%-1.1pp	8.4%-1.7pp	10.2%
Return on Assets	-0.2%-0.8pp	0.5%-0.6pp	1.1%+0.3pp	0.8%-0.3pp	1.0%-0.2pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.50-0.2	7.66-1.4	9.06+0.5	8.58+1.5	7.13+0.1	7.04
FCF Margin	19.7%-4.6pp	24.3%-16.4pp	40.8%-0.0pp	40.8%+0.8pp	40.0%-0.2pp	40.2%

Metric	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.3%+5.4pp	13.8%-2.6pp	16.4%+3.9pp	12.6%+76.4pp	-63.8%-65.5pp	1.7%-13.4pp	15.1%+1.9pp	13.2%
Return on Equity	1.7%+0.6pp	1.1%-0.3pp	1.4%+0.3pp	1.1%	N/A	0.1%-1.1pp	1.3%+0.2pp	1.1%
Return on Assets	0.2%+0.1pp	0.1%-0.0pp	0.2%+0.0pp	0.1%+0.7pp	-0.6%-0.6pp	0.0%-0.1pp	0.1%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.72+0.1	7.61+0.1	7.50-0.2	7.68+0.2	7.49-0.2	7.66-1.0	8.64-0.0	8.65
FCF Margin	30.9%+17.8pp	13.1%-15.8pp	28.9%+2.0pp	26.9%+17.1pp	9.8%+7.6pp	2.2%-35.7pp	37.9%+15.7pp	22.1%

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Frequently Asked Questions

What is Bank Marin Bancorp's annual revenue?

Bank Marin Bancorp (BMRC) reported $141.3M in total revenue for fiscal year 2024. This represents a 1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bank Marin Bancorp's revenue growing?

Bank Marin Bancorp (BMRC) revenue grew by 1.3% year-over-year, from $139.5M to $141.3M in fiscal year 2024.

Is Bank Marin Bancorp profitable?

No, Bank Marin Bancorp (BMRC) reported a net income of -$8.4M in fiscal year 2024, with a net profit margin of -5.9%.

What is Bank Marin Bancorp's earnings per share (EPS)?

Bank Marin Bancorp (BMRC) reported diluted earnings per share of $-0.52 for fiscal year 2024. This represents a -141.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Bank Marin Bancorp's net profit margin?

Bank Marin Bancorp (BMRC) had a net profit margin of -5.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Bank Marin Bancorp pay dividends?

Yes, Bank Marin Bancorp (BMRC) paid $1.00 per share in dividends during fiscal year 2024.

What is Bank Marin Bancorp's free cash flow?

Bank Marin Bancorp (BMRC) generated $27.8M in free cash flow during fiscal year 2024. This represents a -17.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bank Marin Bancorp's operating cash flow?

Bank Marin Bancorp (BMRC) generated $28.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Bank Marin Bancorp's total assets?

Bank Marin Bancorp (BMRC) had $3.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Bank Marin Bancorp's capital expenditures?

Bank Marin Bancorp (BMRC) invested $520K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Bank Marin Bancorp buy back shares?

Yes, Bank Marin Bancorp (BMRC) spent $4.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Bank Marin Bancorp have outstanding?

Bank Marin Bancorp (BMRC) had 16M shares outstanding as of fiscal year 2024.

What is Bank Marin Bancorp's debt-to-equity ratio?

Bank Marin Bancorp (BMRC) had a debt-to-equity ratio of 7.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bank Marin Bancorp's return on assets (ROA)?

Bank Marin Bancorp (BMRC) had a return on assets of -0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Bank Marin Bancorp's Piotroski F-Score?

Bank Marin Bancorp (BMRC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bank Marin Bancorp's earnings high quality?

Bank Marin Bancorp (BMRC) has an earnings quality ratio of -3.37x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.