Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in San Francisco Bay Area, California in the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services. It also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit. In addition, the company offers merchant and payroll, and cash management services; credit cards; mobile deposit, remote deposit capture, automated clearing house, and image lockbox services, as well as wire transfers; fraud detection tools; and valet pick-up service for non-cash deposits. Further, it provides wealth management and trust services comprising customized investment portfolio management, trust administration, estate settlement, and custody services, as well as 401(k) plan services; and automated teller machines, and telephone and digital banking services. As of January 25, 2021, the company operated 21 retail branches, 5 commercial banking offices, and 2 loan production offices located across 7 Bay Area counties. Bank of Marin Bancorp was founded in 1989 and is headquartered in Novato, California.
IPO Year:
Exchange: NASDAQ
Website: bankofmarin.com
| 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 |
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
Bank of Marin Bancorp (NASDAQ:BMRC) will present its first quarter earnings call via webcast on Monday, April 28, 2025, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers and Executive Vice President and Chief Financial Officer Dave Bonaccorso discuss the Company's fiscal first quarter, which ended March 31, 2025. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to register and install any necessary audio software. For those who canno
Bank of Marin Bancorp (NASDAQ:BMRC) will present its fourth quarter earnings call via webcast on Monday, January 27, 2025, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, and Executive Vice President and Chief Financial Officer Dave Bonaccorso discuss the Company's fiscal fourth quarter, which ended December 31, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to register and install any necessary audio software. For those
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) will present its third quarter earnings call via webcast on Monday, October 28, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, Executive Vice President and Chief Financial Officer Tani Girton, and Executive Vice President and Chief Credit Officer Misako Stewart, discuss the Company's fiscal third quarter, which ended September 30, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to
Strong Capital Supports Repositioning for Profitability Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced a net loss of $21.9 million for the second quarter of 2024, compared to net income of $2.9 million for the first quarter of 2024. Diluted loss per share was $(1.36) for the second quarter, compared to earnings per share of $0.18 for the prior quarter. Net loss for the first six months of 2024 totaled $19.0 million, compared to net income of $14.0 million for the same period last year. Diluted (loss) earnings per share were $(1.18) and $0.87 for the first six months of 2024 and 2023, respectively. Both the second quarter and six months o
Bank of Marin Bancorp (NASDAQ:BMRC) will present its second quarter earnings call via webcast on Monday, July 29, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, Executive Vice President and Chief Financial Officer Tani Girton, and Executive Vice President and Chief Credit Officer Misako Stewart discuss the Company's fiscal second quarter, which ended June 30, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to regis
Bank of Marin, the wholly owned subsidiary of Bank of Marin Bancorp (NASDAQ:BMRC), announced today that it sold $293 million in available-for-sale securities (AFS) as part of a strategy designed to improve future earnings, drive earnings per share (EPS) growth, and increase its return on equity. "Our robust capital levels allow us to proactively reposition our balance sheet, which will create additional value for the Bank and our shareholders through increased earnings and improved net interest margin," said Tim Myers, Bank of Marin president and CEO. "We have already redeployed some of the proceeds and expect to reinvest the remainder into higher yielding loans and short-duration securit
Non-Interest Bearing Deposit Growth and Proactive Credit Risk Management Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced earnings of $2.9 million for the first quarter of 2024, compared to $610 thousand for the fourth quarter of 2023 and $9.4 million for the first quarter of 2023. Diluted earnings per share were $0.18 for the first quarter, compared to $0.04 for the prior quarter and $0.59 for the first quarter of 2023. Net interest margin compression due to the rapid rise in interest rates this cycle is clearly evident in the comparison of 2024 and 2023 first quarter earnings. In addition, prior quarter results reflected a $5.9 million p
Bank of Marin Bancorp (NASDAQ:BMRC) will present its first quarter earnings call via webcast on Monday, April 29, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, Executive Vice President and Chief Financial Officer Tani Girton, and Executive Vice President and Chief Credit Officer Misako Stewart discuss the Company's fiscal first quarter, which ended March 31, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to regis