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Bank of Marin Bancorp - BMRC STOCK NEWS

Welcome to our dedicated page for Bank of Marin Bancorp news (Ticker: BMRC), a resource for investors and traders seeking the latest updates and insights on Bank of Marin Bancorp stock.

Bank of Marin Bancorp (NASDAQ: BMRC) is a prominent bank holding company headquartered in Novato, California. Established in 1989, it operates through its wholly-owned subsidiary, Bank of Marin. Known for its strong presence in the San Francisco Bay Area, the bank has assets totaling $2.4 billion and a network of 23 retail offices spread across San Francisco, Marin, Napa, Sonoma, and Alameda counties.

Bank of Marin offers a comprehensive range of financial services, including business and personal banking, commercial lending, wealth management, and trust services. The bank primarily serves professionals, small to middle-market businesses, and individuals in its service areas. The company’s revenue is largely derived from interest income.

Bank of Marin is recognized for its exceptional customer service and community involvement. It was named the 2016 Community Bank of the Year by Western Independent Bankers and has consistently been ranked among the “Top Corporate Philanthropists” by the San Francisco Business Times and as one of the “Best Places to Work” by the North Bay Business Journal.

The bank is a constituent of the Russell 2000 small-cap index and the NASDAQ ABA Community Bank Index. It has also been recognized by U.S. Banker Magazine as a top 200 community bank for several years. These accolades underscore Bank of Marin's commitment to excellence in banking and community service.

Recent achievements and initiatives of Bank of Marin include ongoing investments in digital banking technologies to enhance customer experience, as well as strategic partnerships aimed at expanding its service offerings and market reach. With a strong financial foundation and a dedicated focus on customer satisfaction and community support, Bank of Marin Bancorp continues to play a significant role in the financial landscape of Northern California.

For the latest updates and news about Bank of Marin Bancorp, including performance metrics, events, and developments, stay tuned to this space.

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Bank of Marin Bancorp (Nasdaq: BMRC) will webcast its Q2 earnings call on Monday, July 29, 2024, at 8:30 a.m. PT/11:30 a.m. ET.

President and CEO Tim Myers, EVP and CFO Tani Girton, and EVP and Chief Credit Officer Misako Stewart will discuss the company’s second-quarter performance ending June 30, 2024.

Interested parties can listen online through Bank of Marin's website under 'Investor Relations'. A replay will be available shortly after the live event, which will also include closed captioning.

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Bank of Marin, a subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC), has sold $293 million in available-for-sale securities as a part of its strategic plan to enhance future earnings, EPS growth, and return on equity. According to CEO Tim Myers, the bank's robust capital allows for proactive balance sheet repositioning to create additional shareholder value. The securities, accounting for 56% of the AFS portfolio with an average yield of 1.94%, were sold, leading to an estimated after-tax loss of $23 million to be recorded in Q2 2024. The proceeds will be reinvested into higher-yielding loans and short-duration securities, expected to yield 5.75% on average, improving net interest margin by 30 basis points annually, and adding $0.46 to EPS over the next four quarters.

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Bank of Marin Bancorp, parent company of Bank of Marin, reported earnings of $2.9 million for the first quarter of 2024, compared to $610 thousand for the previous quarter and $9.4 million for the same period in 2023. Diluted EPS was $0.18 for the quarter. The net interest margin was stable at 2.50%, but climbing deposit rates impacted the margin. Non-accrual loans decreased, but classified loans increased. Loan balances remained stable, and deposits were essentially flat. The company declared a dividend of $0.25 per share. The TCE ratio increased, and capital ratios were above regulatory requirements. Net interest income decreased, while non-interest income improved. Non-interest expenses increased. The company provided a reconciliation of GAAP and non-GAAP financial measures.

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Bank of Marin Bancorp (BMRC) will host its first quarter earnings call on April 29, 2024, featuring key executives discussing the fiscal performance. Investors can access the webcast on the company's website.
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Bank of Marin Bancorp (BMRC) announces the retirement of Robert Heller from its board of directors after nearly 20 years of service. Heller's leadership and expertise have been instrumental in the Bank's growth and success, with assets increasing five-fold while maintaining excellent credit quality and consistent dividends to shareholders.
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Bank of Marin Bancorp, parent company of Bank of Marin, announced earnings of $610 thousand for Q4 2023, compared to $5.3 million for Q3 2023. Full year 2023 earnings were $19.9 million, compared to $46.6 million for 2022. The decrease in earnings was due to a $5.9 million pretax net loss on the sale of investment securities and an $875 thousand increase in the pre-tax credit loss provision. The Bank sold $131.9 million in available-for-sale investment securities in Q4, resulting in a net pretax loss of $5.9 million. The tax-equivalent net interest margin improved 5 basis points over the preceding quarter to 2.53%. The total risk-based capital ratios at December 31, 2023, for Bancorp and the Bank were 16.89% and 16.62%, respectively. Loans decreased by $13.2 million for Q4 2023 and totaled $2.074 billion as of December 31, 2023.
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Bank of Marin Bancorp (BMRC) will present its fourth quarter earnings call on January 29, 2024. President and CEO Tim Myers and CFO Tani Girton will discuss the Company's fiscal fourth quarter, which ended on December 31, 2023. The webcast will be available on Bank of Marin’s website for both live and replay viewing.
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Bank of Marin Bancorp reports earnings of $5.3 million for Q3 2023, compared to $4.6 million in Q2. Diluted earnings per share were $0.33. Total deposits increased by $118.5 million to $3.444 billion. Non-interest bearing deposits remained stable at 47.7% of total deposits. Loan portfolio decreased by $15.9 million. ROA was 0.52% and ROE was 4.94%. The Board of Directors declared a cash dividend of $0.25 per share.
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Bank of Marin Bancorp appoints Cigdem Gencer to its board of directors
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Bank of Marin Bancorp to present Q3 earnings call
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FAQ

What services does Bank of Marin Bancorp provide?

Bank of Marin Bancorp offers business and personal banking, commercial lending, wealth management, and trust services.

Where is Bank of Marin headquartered?

Bank of Marin is headquartered in Novato, California.

How many offices does Bank of Marin have?

Bank of Marin has 23 retail offices throughout San Francisco, Marin, Napa, Sonoma, and Alameda counties.

What is the primary source of revenue for Bank of Marin?

The majority of Bank of Marin's revenue comes from interest income.

When was Bank of Marin Bancorp founded?

Bank of Marin Bancorp was founded in 1989.

What areas does Bank of Marin serve?

Bank of Marin serves the San Francisco Bay Area, including Marin, Sonoma, Napa, San Francisco, and Alameda counties.

What awards has Bank of Marin received?

Bank of Marin has been named the 2016 Community Bank of the Year by Western Independent Bankers and has been ranked among the 'Top Corporate Philanthropists' and 'Best Places to Work.'

Is Bank of Marin included in any notable indices?

Yes, Bank of Marin is included in the Russell 2000 small-cap index and the NASDAQ ABA Community Bank Index.

What are the recent initiatives of Bank of Marin?

Recent initiatives include investments in digital banking technologies and strategic partnerships to expand service offerings.

How can I stay updated with the latest news about Bank of Marin Bancorp?

You can stay updated by following the latest news and updates on financial news websites or directly from Bank of Marin Bancorp’s official announcements.

Bank of Marin Bancorp

Nasdaq:BMRC

BMRC Rankings

BMRC Stock Data

334.02M
16.29M
10.4%
53.95%
4.51%
Commercial Banking
Finance and Insurance
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United States of America
NOVATO