Bank Marin Bancorp Stock Price, News & Analysis

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.

Bank of Marin Bancorp (Nasdaq: BMRC) appointed Tim Myers as President and Chief Operating Officer, effective immediately. Myers, an experienced banker with over 25 years in finance, will manage several divisions, including Commercial and Retail Banking. His appointment comes as the company prepares to merge with American River Bankshares, aiming for growth amidst the economic challenges posed by the Pandemic. Bank of Marin, with $3.1 billion in assets, emphasizes its commitment to consistent leadership for future success.

Bank of Marin Bancorp (NASDAQ: BMRC) announced an agreement with the Jon S. Kelly Administrative Trust to add Sanjiv Sanghvi to its Board of Directors. Mr. Sanghvi will be nominated for election at the rescheduled 2021 Annual Meeting of Shareholders on June 29, 2021. As part of the agreement, the Kelly Trust withdrew its previous nominations in exchange for Mr. Sanghvi's appointment. Mr. Sanghvi will also serve on the Compensation and Nominating & Governance Committees. Bank of Marin emphasizes community banking with $3.1 billion in assets as of March 31, 2021.

Bank of Marin Bancorp (BMRC) has signed a merger agreement with American River Bankshares (AMRB), valued at $134.5 million based on BMRC's stock price of $39.06. AMRB shareholders will receive 0.575 shares of BMRC for each AMRB share. This merger adds significant assets of $916.1 million and deposits of $788.6 million from AMRB, boosting BMRC's total assets to approximately $4 billion and expanding its presence to 31 branches across ten counties. The transaction is expected to close in Q3 2021, subject to regulatory approvals.

Bank of Marin Bancorp (BMRC) reported first-quarter earnings of $8.9 million, up from $8.1 million in Q4 2020 and $7.2 million in Q1 2020. Diluted EPS rose to $0.66. Key highlights include loan balances increasing to $2.122 billion and total deposits at $2.656 billion. A strong credit quality is reflected in non-accrual loans being 0.43% of total loans. The bank reinstated its $0.23 cash dividend, marking the 64th consecutive quarterly payment.

Bank of Marin Bancorp (Nasdaq: BMRC) will host its first quarter earnings call on April 19, 2021, at 8:30 a.m. PT. The call will feature key executives discussing the fiscal highlights from the quarter ending March 31, 2021. Investors can access the live webcast through the Bank of Marin website, with a replay available post-call. As of December 31, 2020, the bank holds assets of $2.9 billion and operates 21 branches across the San Francisco Bay Area, providing various banking services.

The Board of Directors of Bank of Marin Bancorp (Nasdaq: BMRC) has appointed Secil Tabli Watson to its Board, effective April 1, 2021. Watson boasts 27 years of banking and fintech experience, specializing in digital transformation and cyber-fraud. Previously, she was Executive Vice President at Wells Fargo, leading digital solutions. Her appointment is expected to enhance the bank's digital banking platform, a significant focus for the company. Watson holds an MBA from The Wharton School and has been recognized for her innovations in banking.

Bank of Marin Bancorp (BMRC) reported fourth-quarter 2020 earnings of $8.1 million, up from $7.5 million in Q3 2020, yet down from $9.1 million in Q4 2019. Diluted EPS was $0.60 compared to $0.55 in Q3 2020 and $0.66 a year ago. Annual earnings fell to $30.2 million in 2020 from $34.2 million in 2019. Loans increased by 13% to $2.089 billion, although a slight decline occurred in Q4. Deposits rose by 7% to $2.504 billion, and the bank declared a dividend of $0.23 per share, marking the 63rd consecutive quarterly payment.

Bank of Marin Bancorp (Nasdaq: BMRC) will host its fourth quarter and year-end earnings call on January 25, 2021, at 8:30 a.m. PT. Key executives, including President Russell A. Colombo and CFO Tani Girton, will discuss financial results for the fiscal year ended December 31, 2020. Interested parties can access the live webcast on the company's website and a replay will be available afterward. As of September 30, 2020, Bank of Marin reported assets totaling $3.0 billion and is recognized as a leading community bank in the San Francisco Bay Area.