Welcome to our dedicated page for Bank Marin Bancorp news (Ticker: BMRC), a resource for investors and traders seeking the latest updates and insights on Bank Marin Bancorp stock.
Stay informed about the latest developments at Bank of Marin Bancorp, a Northern California community bank serving the San Francisco Bay Area. This news feed provides updates on corporate announcements, financial results, strategic initiatives, and community involvement activities.
Bank of Marin Bancorp operates through its wholly owned subsidiary, Bank of Marin, providing commercial banking, personal banking, wealth management, and trust services across Marin, San Francisco, Napa, Sonoma, and Alameda counties. News coverage includes quarterly earnings releases, dividend announcements, branch openings or expansions, new product launches, executive appointments, and regulatory filings.
The bank serves small to medium-sized businesses, commercial real estate investors, nonprofit organizations, and individual customers throughout Northern California. Industry watchers and investors follow Bank of Marin for insights into regional economic conditions, community banking trends, and the bank's strategic growth initiatives including acquisitions and market expansion efforts.
Track important updates about lending activities, deposit growth, asset quality metrics, capital management decisions, and community investment programs. Bank of Marin has established expertise in serving the wine industry and maintains strong relationships with businesses and nonprofits throughout the region. News about the bank often reflects broader economic trends affecting Northern California communities.
Whether you are a shareholder, customer, community partner, or industry analyst, this news feed delivers timely information about Bank of Marin Bancorp's business activities, financial performance, and role in supporting economic growth across the markets it serves.
Bank of Marin Bancorp (Nasdaq: BMRC) reported Q4 2021 earnings of $9.7 million, up from $5.3 million in Q3 2021 and $8.1 million year-over-year. Diluted EPS rose to $0.61 from $0.35 in Q3 2021. Annual earnings reached $33.2 million, marking a growth from $30.2 million in 2020. The bank declared a quarterly dividend of $0.24, continuing a streak of 67 quarters. Key performance metrics included an 8% loan growth and a 52% increase in deposits, driven by the acquisition of American River Bank. Notable improvements in credit quality and operational efficiency were also reported.
Bank of Marin Bancorp (NASDAQ: BMRC) will host its fourth quarter earnings call on January 24, 2022, at 8:30 a.m. PT. CEO Tim Myers and CFO Tani Girton will highlight the company's fiscal fourth quarter performance ending December 31, 2021. The call will be accessible via the Bank of Marin's website, with a live webcast for those who register in advance. The bank, headquartered in Novato, California, has assets totaling $4.261 billion and operates 31 branches across Northern California.
Bank of Marin Bancorp (NASDAQ: BMRC) announces the retirement of Norma J. Howard from its Board of Directors, effective January 3, 2022, after 25 years of service. Ms. Howard, a veteran in telecommunications and community relations, played a significant role in guiding the bank's growth. Her involvement in various committees, including Compensation and Nominating, has been notable. The Chairman, Brian M. Sobel, acknowledged her contributions and wished her well in retirement. The bank, founded in 1990, has assets of $4.261 billion as of September 30, 2021.
Bank of Marin Bancorp (BMRC) reported third-quarter 2021 earnings of $5.3 million, down from $9.3 million in Q2 2021 and $7.5 million in Q3 2020. Diluted EPS fell to $0.35 from $0.71 in the previous quarter. The decrease was attributed to merger-related costs from the American River Bankshares acquisition, completed on August 6, 2021. Total assets increased to $4.261 billion, with loans growing to $2.317 billion thanks to the merger. The bank declared a cash dividend of $0.24 per share and increased its share repurchase program authorization from $25 million to $57 million.
Bank of Marin Bancorp (BMRC) will hold its third quarter earnings call via webcast on October 25, 2021, at 8:30 a.m. PT. CEO Russell A. Colombo, along with COO Tim Myers and CFO Tani Girton, will discuss fiscal highlights from the third quarter, which ended on September 30, 2021. The public can access the webcast through Bank of Marin’s website. Founded in 1990, Bank of Marin is based in Novato, California, and offers commercial and personal banking services, with total pro-forma assets of approximately $4.0 billion following a recent merger.
Bank of Marin Bancorp has announced the retirement of CEO Russell A. Colombo, effective October 31, 2021. Tim Myers, currently President and COO, will succeed him starting November 1, 2021. Colombo led the bank for 15 years, growing assets from $877 million to over $4 billion. Under his leadership, the bank expanded its footprint from 2 to 10 counties and increased branch locations from 9 to 31. Myers has been with the bank since 2007 and is considered well-suited to maintain its growth and culture.
Bank of Marin announced the retirement of Beth Reizman, Executive Vice President and Chief Credit Officer, effective January 3, 2022. Ms. Reizman will step down from her Chief Credit Officer role on September 30, 2021 but will remain to ensure a smooth transition. Misako Stewart will succeed her as Executive Vice President and Chief Credit Officer. Stewart has been with the bank since 2013 and brings over 30 years of experience in credit administration. The bank is recognized for its strong credit culture and community focus.
Bank of Marin Bancorp (BMRC) has successfully completed its acquisition of American River Bankshares (AMRB) effective August 6, 2021. Each AMRB share was converted into 0.575 shares of BMRC, with a total transaction value of approximately $125 million. The merger enables BMRC to expand its assets to around $4 billion, significantly increasing total loans and deposits. Additionally, two new directors were appointed to BMRC's board. CEO Russell A. Colombo emphasized the strategic advantage of this acquisition for enhancing customer service and regional growth.
Bank of Marin Bancorp (BMRC) reported a strong earnings performance in Q2 2021, with net income of $9.3 million, up from $8.9 million in Q1 2021 and $7.4 million in Q2 2020. Diluted EPS rose to $0.71 from $0.66 and $0.55, respectively. The bank's total deposits grew to $2.684 billion, driven by customer PPP fund deposits. Credit quality remains robust, with non-accrual loans at 0.46%. The acquisition of American River Bankshares is set to enhance the bank's footprint in the Sacramento area. A cash dividend of $0.24 was declared, marking the 65th consecutive quarterly dividend.
Bank of Marin Bancorp (Nasdaq: BMRC) will host its second quarter earnings call on July 19, 2021, at 8:30 a.m. PT. During the call, CEO Russell A. Colombo and other executives will discuss the fiscal second quarter results ending June 30, 2021. Interested parties can access the live webcast on the Bank of Marin’s website under ‘Investor Relations.’ The bank, with assets of $3.1 billion, has 21 branches and is recognized for its community engagement and support.
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