☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (415) 763-4520 FORM 10-Q (Mark One) Commission File Number 001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) Not Applicable (Former name, former address and formal fiscal year, if changed since ...

Bank of Marin Bancorp (NASDAQ:BMRC) Q1 2024 Earnings Conference Call April 29, 2024 11:30 AM ET Company Participants Yahaira Garcia-Perea - Marketing and Corporate Communications Manager Tim Myers - President and Chief Executive Officer Tani Girton - Executive Vice President and Chief Financial Officer Misako Stewart - Executive Vice President and Chief Credit Officer Conference Call Participants Jeffrey Rulis - D.A. Davidson David Feaster - Raymond James Andrew Terrell - Stephens Woody Lay - KBW Yahaira Ga ...

For the quarter ended March 2024, Bank of Marin (BMRC) reported revenue of $25.45 million, down 22.5% over the same period last year. EPS came in at $0.18, compared to $0.59 in the year-ago quarter.The reported revenue represents a surprise of -5.40% over the Zacks Consensus Estimate of $26.9 million. With the consensus EPS estimate being $0.28, the EPS surprise was -35.71%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Bank of Marin (BMRC) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -35.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.32 per share when it actually produced earnings of $0.30, delivering a surprise of -6.25%.Over the last four quarters, ...

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 FIRST QUARTER EARNINGS OF $2.9 MILLION NON-INTEREST BEARING DEPOSIT GROWTH AND PROACTIVE CREDIT RISK MANAGEMENT NOVATO, CA, April 29, 2024 - 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 t ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Bank of Marin Bancorp (BMRC) is a holding company for Bank of Marin. The Zacks Consensus Estimate for its current year earnings has been revised 12.8% downward over the last 60 days.Capri Holdings Limited (CPRI) is a fashion retailer. The Zacks Consensus Estimate for its current year earnings has been revised 21.7% downward over the last 60 days.CareMax, Inc. (CMAX) is a healthcare services provider.The Zacks Consensus Estimate for it ...

FORM 10-K OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter) Securities registered pursuant to Section 12 (b) of the Act: Title of each class Trading symbol Name of each exchange on which registered Common Stock, No Par Value BMRC The Nasdaq Stock Market Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant ...

NOVATO, Calif.--(BUSINESS WIRE)--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 ...

Financial Data and Key Metrics Changes - The company reported a net income of $610,000 in Q4 2023, or $0.04 per diluted share, compared to $5.3 million, or $0.33 per share in Q3 2023 [119] - The average cost of deposits increased by 21 basis points in Q4 to 1.15%, continuing the deceleration from the previous quarter [87] - Total risk-based capital ratio improved to 16.89% at year-end, compared to 16.56% at September 30 [104] Business Line Data and Key Metrics Changes - Loan originations improved from $22.7 million in Q3 to $53.8 million in Q4, largely offset by payoffs and strategic exits [102] - Non-interest expenses declined 2% from the prior quarter to $19.3 million, down from $19.7 million [28] - Classified loans comprised 1.56% of total loans at year-end, an improvement from 1.9% at the end of Q3 [41] Market Data and Key Metrics Changes - Non-interest-bearing deposits remained strong at 44% of total deposits, with outflows primarily due to seasonal business activities [87] - The company experienced a $5.9 million pretax net loss on the sale of investment securities, impacting net income by $4.2 million [89] - The deposit base is well diversified, with businesses representing 59% of total deposit balances [47] Company Strategy and Development Direction - The company is focused on enhancing profitability through strategic balance sheet repositioning and maintaining strong capital and liquidity levels [92][104] - There is an ongoing emphasis on relationship-based banking to maintain an attractive deposit mix and healthy liquidity levels [93] - The company is actively looking for opportunities to grow the loan portfolio while managing credit risk [102][108] Management's Comments on Operating Environment and Future Outlook - Management noted that the current interest rate risk position will support increased profitability in the year ahead amid a potentially higher for longer interest rate environment [81] - The company expects to see further margin improvement in the coming quarters due to the full effect of balance sheet restructuring and natural repricing of the existing loan book [119] - Management remains optimistic about the loan pipeline and is seeing a loosening of market sentiment regarding borrowing [117] Other Important Information - The company declared a cash dividend of $0.25 per share, marking the 75th consecutive quarterly dividend [30] - The average balance per account on the deposit base decreased by $5,000 over the quarter, with the largest depositor representing just 1.7% of total deposits [131] Q&A Session All Questions and Answers Question: What drove the increase to special mention loans in the quarter? - Management indicated that the increase was due to a more aggressive approach in monitoring loans, moving those without improvement into special mention status [9][10] Question: Can you break out the larger segments represented in the classified balance? - The largest loan in the classified balance is an office building in San Francisco, which makes up nearly half of that balance, and continues to pay as agreed [16][17] Question: What is the outlook for non-interest expense growth? - Management indicated that while they are mindful of expenses, they are also looking to make hires and invest in technology to streamline operations [20][37]

Forward-Looking Statements This presentation includes some non-GAAP financial measures as shown in the Appendix of this presentation. Please refer to the reconciliation of GAAP to Non-GAAP financial measures included in our Form 8-K under Item 9 - Financial Statements and Exhibit 99.1 filed with the SEC on January 29, 2024. 1Weighted average rates for securities and loans. Tax-equivalent average interest yield for cash and cost for borrowings. 2See Reconciliation of Non-GAAP Financial Measures in the Append ...