UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) | California | | | | 20-8859754 | | --- | --- | --- | -- ...

Fourth Quarter 2024 Earnings Presentation J a n u a r y 2 7 , 2 0 2 5 Forward-Looking Statements This discussion of financial results includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "1933 Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "1934 Act"). Those sections of the 1933 Act and 1934 Act provide a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about ...

Financial Data and Key Metrics Changes - The company generated $6 million in net income for Q4 2024, or $0.38 per share, both higher than the prior quarter, reflecting improved financial performance due to balance sheet repositioning and expense reduction actions [18][19] - Net interest income increased by 4% from the prior quarter to $25.2 million, driven by a 10 basis point increase in net interest margin [19][20] - Noninterest expense decreased by $2.1 million from the prior quarter, primarily due to a decline in salaries and benefits expense [20][24] - The total risk-based capital ratio increased to 16.5%, and the tangible common equity (TCE) ratio was 9.93% [17] Business Line Data and Key Metrics Changes - Loan originations totaled $54 million with $47 million in outstanding balances, showing a well-diversified mix of commercial and commercial real estate loans [14][15] - The company made nearly twice as many commercial and construction loans compared to the same period last year [15] - Nonaccrual loans and classified loans both declined during the fourth quarter due to paydowns, with no provision for credit losses recorded [12][24] Market Data and Key Metrics Changes - Total deposits were $3.2 billion at December 31, 2024, reflecting expected seasonal outflows typical for the fourth quarter [21][22] - The proportion of noninterest-bearing deposits remained high at 43% of total deposits, benefiting from a relationship banking model [16] Company Strategy and Development Direction - The company aims to capitalize on improved economic conditions and loan demand, with a strong pipeline of diversified opportunities across markets, industries, and asset classes [27][28] - Strategic investments in technology are expected to enhance efficiency and client service in 2025 [29] - The company is focused on organic growth while remaining open to opportunistic acquisitions [118][150] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued financial performance improvements in 2025, supported by a strong balance sheet and disciplined underwriting practices [27][28] - The company is seeing positive trends in net interest margin and prudent expense management, which should lead to revenue growth and increased profitability [28][29] Other Important Information - The company declared a cash dividend of $0.25 per share, marking the 79th consecutive quarterly dividend [26] - The transition to a new CFO, Dave Bonaccorso, was highlighted, with management expressing confidence in the leadership team [17][30] Q&A Session Summary Question: Comments on margin and future expectations - Management discussed the drivers of net interest margin and the expectation of continued improvement in loan yields, particularly in a higher rate environment [39][50] Question: Loan growth pipeline and payoffs - The company reported a 40% increase in the loan pipeline compared to the previous year, with expectations of originations outpacing payoffs [52][116] Question: Seasonal dynamics in deposits - Management noted that fluctuations in deposits were primarily seasonal, with a focus on new client acquisition and maintaining a strong noninterest-bearing deposit base [121][123] Question: Capital deployment opportunities - Management indicated that they are considering various capital deployment options, including securities repositioning and potential acquisitions, but emphasized a preference for organic growth [128][150]

Bank of Marin (BMRC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this bank holding company would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a surprise of 3.70%.Over the last four quarters, th ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE MEDIA CONTACT: Yahaira Garcia-Perea Marketing & Corporate Communications Manager 916-823-7214 | YahairaGarcia-Perea@bankofmarin.com BANK OF MARIN BANCORP REPORTS FOURTH QUARTER AND FULL YEAR 2024 EARNINGS STRATEGIC ACTIONS DRIVE FURTHER IMPROVEMENTS IN FINANCIAL PERFORMANCE NOVATO, CA, January 27, 2025 - Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," today announced earnings of $6.0 million for the fourth quarter of 2024, compared ...

Wall Street analysts forecast that Bank of Marin (BMRC) will report quarterly earnings of $0.34 per share in its upcoming release, pointing to a year-over-year increase of 13.3%. It is anticipated that revenues will amount to $28.4 million, exhibiting an increase of 35.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Bank of Marin (BMRC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 27, 2025, might help the stock move higher if these key numbers are better tha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) | - ...

Bank of Marin Bancorp (NASDAQ:BMRC) Q3 2024 Earnings Conference Call October 28, 2024 11:30 AM ET Company Participants Krissy Meyer - Corporate Secretary Tim Myers - President & CEO Tani Girton - EVP & CFO Conference Call Participants Woody Lay - KBW Matthew Clark - Piper Sandler David Feaster - Raymond James Jeffrey Rulis - D.A. Davidson Krissy Meyer Good morning, and thank you for joining Bank of Marin Bancorp’s Earnings Call for the Third Quarter Ended September 30, 2024. I am Krissy Meyer, Corporate Sec ...

// Bank of Marin Bancorp- Third Quarter 2024 Earnings Presentation O c t o b e r 2 8 , 2 0 2 4 Forward-Looking Statements Text 95,96,96 White 255, 255, 255 Black 0, 0, 0 Light Gray 232, 232, 232 Accent 1 7,89,52 Accent 2 248,153,40 Accent 3 254,217,129 Accent 4 52,153,70 Accent 5 5,39,67 Accent 6 171,184,195 This discussion of financial results includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "1933 Act") and Section 21E of the Securities E ...