Bank Marin Bancorp Financials
This page shows Bank Marin Bancorp (BMRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Funding-cost swings, not simple asset growth, have been the main engine of Bank of Marin’s earnings volatility and capital posture.
FY2025 paired higher revenue with slightly lower interest expense, lifting net income to$26.5M even though equity was only$395M . Because cash increased while financing cash flow turned positive and leverage moved back to 8.9x, liquidity improved faster than the bank’s capital cushion.
The big earnings squeeze in FY2023-FY2024 came from funding cost pressure, not a collapsing top line: revenue kept rising while interest expense jumped from
Cash conversion still looks sound: operating cash flow reached
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bank Marin Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bank Marin Bancorp passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Bank Marin Bancorp generates $1.48 in operating cash flow ($39.1M OCF vs $26.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Bank Marin Bancorp generated $152.4M in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Bank Marin Bancorp reported $26.5M in net income in fiscal year 2025. This represents an increase of 82.3% from the prior year.
Bank Marin Bancorp earned $-2.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 330.8% from the prior year.
Cash & Balance Sheet
Bank Marin Bancorp generated $37.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 33.8% from the prior year.
Bank Marin Bancorp held $225.3M in cash against $0 in long-term debt as of fiscal year 2025.
Bank Marin Bancorp paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Bank Marin Bancorp had 16M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Bank Marin Bancorp's net profit margin was 17.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.
Bank Marin Bancorp's ROE was 6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.
Capital Allocation
Bank Marin Bancorp spent $3.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 22.6% from the prior year.
Bank Marin Bancorp invested $1.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 249.8% from the prior year.
BMRC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.8M+2.3% | $41.8M+7.1% | $39.1M+7.7% | $36.3M+3.0% | $35.2M-3.4% | $36.5M+0.4% | $36.3M+5.8% | $34.3M |
| 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 | $13.4M+17.9% | $11.4M-5.4% | $12.0M-0.3% | $12.0M0.0% | $12.1M+28.0% | $9.4M-13.0% | $10.8M-12.5% | $12.4M |
| Operating Income | $12.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $12.5M+3.7% | $12.1M+1.2% | $11.9M+5.3% | $11.3M+1.8% | $11.1M-1.2% | $11.2M-12.6% | $12.9M+8.4% | $11.9M |
| Income Tax | $3.1M+117.3% | -$17.8M-955.8% | $2.1M+178.3% | -$2.7M-265.9% | $1.6M-56.0% | $3.6M+51.6% | $2.4M+119.3% | -$12.5M |
| Net Income | $8.5M+121.5% | -$39.5M-625.4% | $7.5M+188.2% | -$8.5M-275.1% | $4.9M-18.7% | $6.0M+31.3% | $4.6M+120.9% | -$21.9M |
| EPS (Diluted) | $0.53+121.3% | $-2.49-629.8% | $0.47+188.7% | $-0.53-276.7% | $0.30-21.1% | $0.38+35.7% | $0.28+120.6% | $-1.36 |
BMRC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9B+0.2% | $3.9B+0.9% | $3.9B+3.8% | $3.7B-1.5% | $3.8B+2.2% | $3.7B-2.4% | $3.8B+2.7% | $3.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $236.6M+5.0% | $225.3M+2.7% | $219.3M-4.2% | $228.9M-12.0% | $259.9M+89.3% | $137.3M-40.1% | $229.2M-1.0% | $231.4M |
| 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 | $3.5B+0.3% | $3.5B+2.5% | $3.4B+4.2% | $3.3B-1.7% | $3.3B+2.4% | $3.3B-2.7% | $3.4B+2.9% | $3.3B |
| 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 | $394.5M0.0% | $394.7M-11.1% | $443.8M+1.2% | $438.5M-0.2% | $439.6M+1.0% | $435.4M-0.4% | $437.0M+0.5% | $434.9M |
| Retained Earnings | $202.6M+2.3% | $198.2M-18.0% | $241.7M+1.5% | $238.2M-5.0% | $250.8M+0.3% | $250.0M+0.8% | $248.0M+0.2% | $247.5M |
BMRC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1M-92.0% | $13.6M+9.1% | $12.5M+55.2% | $8.0M+62.9% | $4.9M-53.9% | $10.7M+8.5% | $9.9M+186.3% | $3.4M |
| Capital Expenditures | $164K+29.1% | $127K-69.1% | $411K-57.5% | $967K+208.0% | $314K+91.5% | $164K+54.7% | $106K+19.1% | $89K |
| Free Cash Flow | $921K-93.2% | $13.5M+11.8% | $12.1M+70.6% | $7.1M+53.0% | $4.6M-56.2% | $10.6M+8.0% | $9.8M+190.8% | $3.4M |
| Investing Cash Flow | $1.9M+102.3% | -$81.6M+47.2% | -$154.4M-740.9% | $24.1M-39.6% | $39.9M+529.8% | -$9.3M+90.7% | -$99.3M-137.3% | $266.1M |
| Financing Cash Flow | $8.4M-88.6% | $73.9M-44.2% | $132.4M+309.5% | -$63.2M-181.2% | $77.8M+183.4% | -$93.3M-207.1% | $87.1M+217.1% | -$74.4M |
| Dividends Paid | $4.0M+0.1% | $4.0M0.0% | $4.0M-0.7% | $4.1M+0.7% | $4.0M+0.1% | $4.0M-1.1% | $4.1M-0.2% | $4.1M |
| Share Buybacks | $6K | $0-100.0% | $1.1M-48.6% | $2.2M | $0-100.0% | $19K-99.6% | $4.2M | N/A |
BMRC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 2021.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 19.9%+114.4pp | -94.5%-113.8pp | 19.3%+42.8pp | -23.5%-37.4pp | 13.8%-2.6pp | 16.4%+3.9pp | 12.6%+76.4pp | -63.8% |
| Return on Equity | 2.2%+12.2pp | -10.0%-11.7pp | 1.7%+3.7pp | -1.9%-3.1pp | 1.1%-0.3pp | 1.4%+0.3pp | 1.1%+6.1pp | -5.0% |
| Return on Assets | 0.2%+1.2pp | -1.0%-1.2pp | 0.2%+0.4pp | -0.2%-0.4pp | 0.1%-0.0pp | 0.2%+0.0pp | 0.1%+0.7pp | -0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.92+0.0 | 8.89+1.2 | 7.72+0.2 | 7.50-0.1 | 7.61+0.1 | 7.50-0.2 | 7.68+0.2 | 7.49 |
| FCF Margin | 2.1%-30.1pp | 32.3%+1.4pp | 30.9%+11.4pp | 19.5%+6.4pp | 13.1%-15.8pp | 28.9%+2.0pp | 26.9%+17.1pp | 9.8% |
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Frequently Asked Questions
What is Bank Marin Bancorp's annual revenue?
Bank Marin Bancorp (BMRC) reported $152.4M in total revenue for fiscal year 2025. This represents a 7.9% 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 7.9% year-over-year, from $141.3M to $152.4M in fiscal year 2025.
Is Bank Marin Bancorp profitable?
Yes, Bank Marin Bancorp (BMRC) reported a net income of $26.5M in fiscal year 2025, with a net profit margin of 17.4%.
What is Bank Marin Bancorp's net profit margin?
Bank Marin Bancorp (BMRC) had a net profit margin of 17.4% in fiscal year 2025, 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 2025.
What is Bank Marin Bancorp's return on equity (ROE)?
Bank Marin Bancorp (BMRC) has a return on equity of 6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bank Marin Bancorp's free cash flow?
Bank Marin Bancorp (BMRC) generated $37.3M in free cash flow during fiscal year 2025. This represents a 33.8% 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 $39.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bank Marin Bancorp's total assets?
Bank Marin Bancorp (BMRC) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bank Marin Bancorp's capital expenditures?
Bank Marin Bancorp (BMRC) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bank Marin Bancorp's debt-to-equity ratio?
Bank Marin Bancorp (BMRC) had a debt-to-equity ratio of 8.89 as of fiscal year 2025, 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 0.7% for fiscal year 2025, 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 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.48x, considered cash-backed (high 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.
How financially healthy is Bank Marin Bancorp?
Bank Marin Bancorp (BMRC) scores 15 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.