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 THIRD QUARTER FINANCIAL RESULTS STRATEGIC ACTIONS TAKEN IN FIRST HALF OF 2024 RESULT IN IMPROVED PROFITABILITY NOVATO, CA, October 28, 2024 - Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced net income of $4.6 million for the third quarter of 2024, compared to a n ...

DA Davidson analyst upgraded Bank of Marin Bancorp BMRC to Buy from Neutral and raised the price target to $24 from $21. The analyst writes that the Fed's potential shift to lower rates has enhanced their earnings outlook for BMRC and led to the belief that the bank's credit risks have somewhat diminished. Consequently, the analyst increased the 2025 EPS estimate by 10%, primarily due to a more optimistic forecast for NIM/NII. Furthermore, the anticipated relief from interest rates is expected to alleviate ...

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 June 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 (BMRC) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this bank holding company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-te ...

Bank of Marin Bancorp (NASDAQ:BMRC) Q2 2024 Earnings Conference Call July 29, 2024 11:30 AM ET Company Participants Krissy Meyer - Corporate Secretary Tim Myers - President and CEO Tani Girton - EVP and CFO Misako Stewart - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Jaffray Andrew Terrell - Stephens Woody Lay - KBW David Feaster - Raymond James Tim Coffey - Janney Krissy Meyer Good morning, and thank you for joining Bank of Marin Bancorp's Earnings Call for the Second Quarter en ...

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Net interest margin (FTE): 2.5% versus 2.6% estimated by three analysts on average. Efficiency Ratio: -300.4% compared to the 80.8% average estimate based on three analysts. Average Balance - Total interest earning assets: $3.56 billion versus $3.60 billion estimated by tw ...

This quarterly report represents an earnings surprise of -68.42%. A quarter ago, it was expected that this bank holding company would post earnings of $0.28 per share when it actually produced earnings of $0.18, delivering a surprise of -35.71%. Bank of Marin, which belongs to the Zacks Banks - West industry, posted revenues of $25.25 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.31%. This compares to year-ago revenues of $26.87 million. The company has topped consensus ...

Financial Performance - Bank of Marin Bancorp reported a net loss of $21.9 million for Q2 2024, compared to a net income of $2.9 million in Q1 2024, resulting in a diluted loss per share of $(1.36) for the quarter[2]. - Net loss income (GAAP) for the three months ended June 30, 2024, was $(21.902) million compared to a net income of $13.991 million for the same period in 2023[56]. - Comparable net income (non-GAAP) for the three months ended June 30, 2024, was $1.020 million, down from $13.991 million in the same period last year[56]. - The net loss for the three months ended June 30, 2024, was $21,902 thousand, compared to a net income of $2,922 thousand in the previous quarter[65]. - The company reported a basic net loss per common share of $1.36 for the three months ended June 30, 2024, compared to earnings of $0.18 in the previous quarter[65]. - Return on average assets decreased to (2.35)% from 0.31% year-over-year[69]. Credit Losses and Loan Performance - The provision for credit losses on loans increased to $5.2 million in Q2 2024, up from $350 thousand in the previous quarter, raising the allowance for credit losses to 1.47% of total loans[7]. - Non-accrual loans rose to 1.62% of total loans at the end of Q2 2024, up from 0.31% at the end of Q1 2024, primarily due to one commercial real estate loan totaling $16.7 million[8]. - Total loans increased by $27.4 million in Q2 2024, reaching a balance of $2.082 billion, with loan originations of $64.1 million for the quarter[10]. - The allowance for credit losses on loans rose to $30,675 as of June 30, 2024, from $25,172 at December 31, 2023[70]. - Non-accrual loans to total loans ratio rose to 1.62% from 0.31% in the previous year[69]. Deposits and Funding - Total deposits decreased by $70.3 million to $3.214 billion as of June 30, 2024, with non-interest bearing deposits comprising 44.1% of total deposits[11]. - Total deposits decreased to $3,213,777 thousand from $3,290,075 thousand, a decline of approximately 2.3% year-over-year[64]. - Deposits totaled $3.214 billion at June 30, 2024, a decrease from $3.284 billion at March 31, 2024, with non-interest bearing deposits comprising 44.1% of total deposits[36]. Interest Income and Margin - The tax-equivalent net interest margin improved to 2.52% from 2.50% in Q1 2024, with 69% of loan fundings occurring in June, indicating potential for expanded net interest income[13]. - Net interest income for the second quarter of 2024 was $22.5 million, a slight decrease from $22.7 million in the prior quarter, primarily due to a $356 thousand increase in interest expense on deposits[44]. - The tax-equivalent net interest margin was 2.52% for the second quarter of 2024, compared to 2.50% for the prior quarter, with higher loan yields contributing positively[46]. - The average yield on loans for the six months ended June 30, 2024, was 4.83%, up from 4.62% for the same period in 2023[73]. Capital and Equity - The bank's total risk-based capital ratios were 16.46% for Bancorp and 15.54% for the Bank as of June 30, 2024, indicating strong capital levels[16]. - The total risk-based capital ratio for Bancorp was 16.46% at June 30, 2024, down from 17.05% at March 31, 2024, due to losses realized on securities sales[41]. - Bancorp's tangible common equity to tangible assets ratio was 9.92% at June 30, 2024, slightly up from 9.76% at March 31, 2024, due to a decrease in tangible risk-weighted assets[42]. - Total stockholders' equity decreased to $434.943 million as of June 30, 2024, from $439.062 million on December 31, 2023[56]. - The company’s total risk-based capital ratio was 15.54%, down from 16.62% a year earlier[69]. Operational Efficiency - The efficiency ratio for Q2 2024 was (300.37)%, compared to 83.18% for the prior quarter, with a significant impact from the loss on security sales[15]. - The efficiency ratio (non-GAAP) improved to 86.70% for the three months ended June 30, 2024, compared to 67.74% for the same period in 2023[56]. - Non-interest expense increased to $21.9 million for the second quarter of 2024, up from $21.2 million in the prior quarter, driven by higher charitable contributions and salaries[50]. Investment and Securities - The investment securities portfolio decreased to $1.158 billion at June 30, 2024, down $293.9 million from March 31, 2024, due to the sale of $325.2 million in available-for-sale securities, resulting in a pre-tax loss of $32.5 million[35]. - Total interest-earning assets were $3,557,998 for the three months ended June 30, 2024, compared to $3,620,855 for the previous quarter[73]. - Investment securities totaled $1,157,527 as of June 30, 2024, down from $1,477,226 at the end of 2023[70]. Shareholder Returns and Programs - A cash dividend of $0.25 per share was declared, marking the 77th consecutive quarterly dividend paid by Bancorp[19]. - The Board of Directors approved a share repurchase program for up to $25.0 million, expiring on July 31, 2025[57]. Market Position and Outlook - The company is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index, reflecting its market position[60]. - Forward-looking statements indicate potential impacts from economic conditions, regulatory changes, and competition on future earnings[61].

As of July 29, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to ...

Bank of Marin (BMRC) shares soared 5.5% in the last trading session to close at $17.40. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.3% gain over the past four weeks. Shares of Bank of Marin rallied for the third straight trading session. With the Federal Reserve keeping an eye on employment reports and cooling inflation numbers, market participants are projecting interest rate cuts as soon as during the September FOMC meet ...