Keefe Bruyette resumed coverage of Bank of Marin with a rating of Outperform and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | Equal-Weight → Overweight | Stephens | |
| 10/10/2024 | $24.00 | Neutral → Buy | DA Davidson |
| 3/2/2023 | Neutral → Buy | Janney | |
| 12/28/2021 | $40.00 | Equal-Weight | Stephens |
| 12/21/2021 | $45.00 | Outperform | Keefe Bruyette |
| 7/20/2021 | $43.00 | Mkt Perform → Outperform | Keefe Bruyette |
8-K - Bank of Marin Bancorp (0001403475) (Filer)
8-K - Bank of Marin Bancorp (0001403475) (Filer)
SCHEDULE 13G - Bank of Marin Bancorp (0001403475) (Subject)
4 - Bank of Marin Bancorp (0001403475) (Issuer)
4 - Bank of Marin Bancorp (0001403475) (Issuer)
4 - Bank of Marin Bancorp (0001403475) (Issuer)
Stephens upgraded Bank of Marin from Equal-Weight to Overweight
DA Davidson upgraded Bank of Marin from Neutral to Buy and set a new price target of $24.00
Receives Investment Grade Debt Ratings From KBRA Bank of Marin Bancorp (NASDAQ:BMRC), ("the Company"), parent company of Bank of Marin, announced today the completion of a balance sheet repositioning of its held-to-maturity ("HTM") securities and a $45 million private placement of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes"). Tim Myers, president and chief executive officer of Bank of Marin, said, "The successful execution of this strategic initiative further enhances the value of our franchise by meaningfully improving our earnings power, which, in turn, allows us to continue reinvesting in the Company's growth. We took a targeted approach to securities s
KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Novato, California-based Bank of Marin Bancorp (NASDAQ:BMRC) ("Marin" or "the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its main subsidiary, Bank of Marin. The Outlook for all long-term ratings is Stable. BMRC's ratings are supported by its strong funding profile, underpinned by a healthy deposit franchise. The cost of deposits of just 1.28% through 9M25 is partially driven by a robust level of noninterest-bearing deposits at 43% of total
Balance Sheet Growth and Improvements in Asset Quality Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced net income of $7.5 million for the third quarter of 2025, compared to a net loss of $8.5 million (net income of $4.7 million, non-GAAP) for the second quarter of 2025, a 61.4% increase on a non-GAAP net income basis. Diluted income per share was $0.47 for the third quarter, compared to diluted loss per share of $(0.53) (diluted earnings per share of $0.29, non-GAAP) for the prior quarter. Net income for the first nine months of 2025 totaled $3.9 million ($17.1 million, non-GAAP), compared to a net loss of $14.4 million (net income of $8.
Balance Sheet Growth and Improvements in Asset Quality Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced net income of $7.5 million for the third quarter of 2025, compared to a net loss of $8.5 million (net income of $4.7 million, non-GAAP) for the second quarter of 2025, a 61.4% increase on a non-GAAP net income basis. Diluted income per share was $0.47 for the third quarter, compared to diluted loss per share of $(0.53) (diluted earnings per share of $0.29, non-GAAP) for the prior quarter. Net income for the first nine months of 2025 totaled $3.9 million ($17.1 million, non-GAAP), compared to a net loss of $14.4 million (net income of $8.
Continued Net Interest Margin Expansion From Active Balance Sheet Management Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced a net loss of $8.5 million for the second quarter of 2025, compared to net income of $4.9 million for the first quarter of 2025. Diluted loss per share was $0.53 for the second quarter, compared to diluted earnings per share of $0.30 for the prior quarter. The loss was attributable to the previously announced securities repositioning which is more fully described below. Net income and diluted earnings per share for the second quarter excluding the loss on sale of securities was $4.7 million and $0.29, respectively,
Improved Net Interest Margin, Loan Originations, and Deposit Flows Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced net income of $4.9 million for the first quarter of 2025, compared to net income of $6.0 million for the fourth quarter of 2024 and $2.9 million for the first quarter of the prior year. Diluted earnings per share was $0.30 for the first quarter, compared to $0.38 for the prior quarter and $0.18 for the first quarter of prior year, a 67% increase, year over year. Concurrent with this release, Bancorp issued presentation slides providing supplemental information, some of which will be discussed during the first quarter 2025 ear
SC 13D/A - Bank of Marin Bancorp (0001403475) (Subject)
SC 13G/A - Bank of Marin Bancorp (0001403475) (Subject)
SC 13D/A - Bank of Marin Bancorp (0001403475) (Subject)
Appoints Treasurer Dave Bonaccorso as Successor Bank of Marin Bancorp (NASDAQ:BMRC) and its wholly owned subsidiary Bank of Marin, today announced that Executive Vice President, Chief Financial Officer, and Principal Accounting Officer Tani Girton will retire effective January 31, 2025, following a planned transition period. Dave Bonaccorso, age 49, who currently serves as the Bank's treasurer, has been named her successor. Bonaccorso will assume the chief financial officer and principal accounting officer roles on January 2, 2025, continuing to work closely with Girton to ensure a smooth transition. "On behalf of the board of directors, our leadership team, and all our colleagues, I wa
Bank of Marin Bancorp (NASDAQ:BMRC) and Bank of Marin, its wholly owned subsidiary, announce the retirement of Robert Heller from its board of directors effective May 13, 2024. Heller joined both Bank of Marin Bancorp and Bank of Marin boards in 2005. "It has been a great pleasure to serve on the boards of Bank of Marin and Bank of Marin Bancorp, the preeminent community banking institution of northern California, for the last two decades. During this time, the Bank grew its assets five-fold while maintaining a pristine credit quality and paying consistent dividends to its shareholders," said Heller. "The Bank showed by its strength and resilience the true value that a local community ban
The Board of Directors for Bank of Marin Bancorp (NASDAQ:BMRC), parent company of Bank of Marin, is pleased to announce the appointment of Cigdem Gencer to its board of directors. Gencer's appointment, which is effective October 20, 2023, increases the Board membership to thirteen directors. "On behalf of the board of directors and Bank, I am honored to welcome Cigdem to our team," said Willie McDevitt, board chair. "Her vast experience and perspective will add to our robust and talented team, whose commitment to the Board ranges from two to 34 years. Her appointment is significant as it demonstrates progress in our commitment to enhancing the diversity of our board." Gencer brings exte