Bank Marin Bancorp Stock Price, News & Analysis

Bank of Marin Bancorp (Nasdaq: BMRC) reported first-quarter 2023 earnings of $9.4 million, down from $12.9 million in Q4 2022 and $10.5 million in Q1 2022. Diluted earnings per share decreased to $0.59 from $0.81 quarter-over-quarter. The decline was attributed to higher interest expenses due to rising market rates. Despite a decrease in deposits to $3.251 billion from $3.573 billion, the bank's deposit franchise remains solid. Credit quality is stable with non-accrual loans at just 0.10% of total loans. The net interest margin fell to 3.04% from 3.26% due to increased deposit costs. Despite closures of four branches in Q1 2023, the bank anticipates annual savings of approximately $1.4 million. A cash dividend of $0.25 per share was declared, marking the 72nd consecutive quarterly dividend. The earnings call is scheduled for April 24, 2023.

Bank of Marin Bancorp (Nasdaq: BMRC) will host its first quarter earnings call on April 24, 2023, at 8:30 a.m. PT for investors interested in the company's fiscal results for the quarter ending March 31, 2023. Both the President and CEO, Tim Myers, and CFO, Tani Girton, will be present to discuss earnings and company performance. Investors can access the live webcast through the Bank of Marin website, and a replay will be available afterward. As of December 31, 2022, Bank of Marin’s assets totaled $4.1 billion and the bank operates 27 retail branches and eight commercial offices across Northern California.

Bank of Marin Bancorp (Nasdaq: BMRC) reported $12.9 million in earnings for Q4 2022, rising from $12.2 million in Q3 2022. Diluted EPS increased to $0.81 from $0.76 in the prior quarter and $0.61 year-over-year. Annual earnings reached $46.6 million, a significant growth from $33.2 million in 2021, with diluted EPS of $2.92, compared to $2.30 in 2021. The acquisition of American River Bank positively impacted results. A dividend of $0.25 per share was declared, marking the 71st consecutive quarterly dividend. The bank maintained strong capital ratios with a total risk-based capital ratio of 15.9%.

Bank of Marin Bancorp (Nasdaq: BMRC) will hold its fourth quarter earnings call on January 23, 2023, at 8:30 a.m. PT / 11:30 a.m. ET. The company's executives will review fiscal fourth quarter highlights for the period ending December 31, 2022. Interested investors can join the webcast via the Bank of Marin website. The Bank, founded in 1990 and headquartered in Novato, CA, has assets totaling $4.3 billion and operates 31 retail branches across 10 counties, offering various banking services.

Bank of Marin Bancorp (Nasdaq: BMRC) reported record earnings of $12.2 million for Q3 2022, up from $11.1 million in Q2 2022. Diluted EPS increased to $0.76 from $0.69. For the first nine months, earnings reached $33.7 million, compared to $23.5 million in the prior year, with diluted EPS of $2.11 versus $1.69. The bank experienced a tax-equivalent net interest margin of 3.16%, up from 3.05%, and improved efficiency ratio at 52.24%. Total deposits rose to $3.903 billion, aiding robust loan production despite a slight decline in loan balances.

Bank of Marin Bancorp (BMRC) will host its third-quarter earnings call on October 24, 2022, at 8:30 a.m. PT. During the call, CEO Tim Myers and CFO Tani Girton will discuss the fiscal highlights ending September 30, 2022. Interested investors can join the live webcast on the Bank of Marin's website, with a replay available shortly after. The bank, with assets of $4.3 billion, operates 31 retail branches and specializes in commercial and personal banking services.

Bank of Marin Bancorp (BMRC) reported record earnings of $11.1 million in Q2 2022, reflecting an increase from $10.5 million in Q1 2022. Diluted EPS rose to $0.69 from $0.66. Year-to-date earnings totaled $21.5 million, up from $18.2 million in the same period last year. The company increased its dividend to $0.25 per share, marking the 69th consecutive quarterly dividend. The loan portfolio showed strong production with $102.2 million in originations despite a slight drop in total loans to $2.163 billion.

Bank of Marin Bancorp (NASDAQ: BMRC) is set to present its second quarter earnings call on Monday, July 25, 2022, at 8:30 a.m. PT. Investors can join President Tim Myers and CFO Tani Girton as they discuss fiscal highlights ending June 30, 2022. The event will be available via webcast on the Bank of Marin website. Established in 1990, Bank of Marin operates with assets of $4.3 billion, featuring 31 retail branches and eight commercial banking offices across Northern California.

Bancorp reported first quarter 2022 earnings of $10.5 million, up from $9.7 million in Q4 2021 and $8.9 million in Q1 2021. Diluted earnings per share (EPS) remained stable at $0.66. The successful conversion of American River Bank's systems took place with minimal disruption, reflecting effective management. Loan balances decreased to $2.202 billion, but loan originations peaked at $49.8 million. Deposits grew by $52.8 million to $3.861 billion. The total risk-based capital ratio was 14.4%, above regulatory requirements.