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BMRC

Bank of Marin Bancorp

BMRC

Bank of Marin Bancorp • NASDAQ
$27.05 ▲ 0.02% (+0.01)
Market Cap $435.44 M
52w High $27.34
52w Low $19.14
Dividend Yield 1.00%
P/E 43.64
Volume 57.34K
Outstanding Shares 16.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $40.656M ▲ $20.17M ▼ $7.526M ▲ 18.511% ▲ $0.47 ▲ $10.117M ▲
Q2-2025 $19.613M ▼ $20.436M ▲ $-8.536M ▼ -43.522% ▼ $-0.53 ▼ $-10.659M ▼
Q1-2025 $37.181M ▼ $20.332M ▲ $4.876M ▼ 13.114% ▼ $0.31 ▼ $7.03M ▼
Q4-2024 $38.391M ▲ $17.5M ▼ $6.001M ▲ 15.631% ▲ $0.38 ▲ $10.223M ▲
Q3-2024 $38.28M $19.49M $4.57M 11.938% $0.28 $7.572M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $272.311M ▼ $3.869B ▲ $3.425B ▲ $443.818M ▲
Q2-2025 $290.307M ▼ $3.726B ▼ $3.288B ▼ $438.538M ▼
Q1-2025 $665.933M ▲ $3.784B ▲ $3.345B ▲ $439.566M ▲
Q4-2024 $273.038M ▼ $3.701B ▼ $3.266B ▼ $435.407M ▼
Q3-2024 $334.588M $3.793B $3.356B $436.96M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.08K ▲ $0 ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $2.93K ▼ $8.04M ▲ $24.089M ▼ $-63.19M ▼ $-31.061M ▼ $7.073M ▲
Q1-2025 $4.876M ▼ $4.936M ▼ $39.879M ▲ $77.805M ▲ $122.62M ▲ $4.622M ▼
Q4-2024 $6.001M ▲ $10.714M ▲ $-9.278M ▲ $-93.304M ▼ $-91.868M ▼ $10.55M ▲
Q3-2024 $4.57M $9.876M $-99.251M $87.139M $-2.236M $9.77M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Debit Card
Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $0 ▲$0 ▲$0 ▲$0 ▲
Merchant Interchange Fees Net
Merchant Interchange Fees Net
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat over the last few years and has recently drifted lower, which is not unusual for a regional bank in a tougher interest‑rate environment. The bigger story is pressure on profitability: margins have narrowed, operating profit has slipped, and the most recent year shows a small loss instead of a solid profit. That suggests higher funding costs, balance sheet repositioning, or credit and securities impacts are weighing on results. Overall, earnings have moved from comfortably positive to strained, so the focus going forward will be on whether management can stabilize margins and rebuild consistent profitability.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly well capitalized for a regional bank. Total assets grew coming out of the pandemic and then eased back somewhat, reflecting a more cautious stance and deliberate repositioning. Equity has gradually built over time, which is a positive sign for long‑term resilience. Debt briefly spiked a few years ago but has since been brought back down to modest levels. Cash levels are lower than they were at their peak, but still provide day‑to‑day flexibility. Overall, the bank appears to be prioritizing strength and stability over aggressive balance sheet expansion.

Cash Flow

Cash Flow Despite recent accounting pressure on earnings, the bank has consistently generated positive cash flow from its core operations. Free cash flow has been steady and closely tracks operating cash flow, reflecting the asset‑light nature of banking and limited traditional capital spending. This pattern suggests that, even in a more challenging profit environment, the underlying franchise still produces cash that can support dividends, regulatory capital needs, and selective growth. The risk is that if profitability remains weak for too long, management may need to be more conservative with capital deployment, but current cash flow trends are a relative bright spot.

Competitive Edge

Competitive Edge Bank of Marin is a classic community and relationship bank with deep roots in Northern California. Its edge comes from local decision‑making, strong ties to small and mid‑sized businesses, non‑profits, and commercial real estate clients, and a reputation for high‑touch service. Specialized expertise in niches like the wine industry, plus treasury management and wealth management offerings, help differentiate it from generic regional banks. The trade‑off is concentration: the franchise is heavily tied to one region and a defined set of client types, and it faces constant competition from larger national banks, credit unions, and digital players. Its moat is relational rather than technological or scale‑driven, which works well in stable times but can be more exposed when local economies or specific sectors slow down.

Innovation and R&D

Innovation and R&D The bank is not a heavy spender on proprietary technology, but it is steadily modernizing by adopting proven tools rather than inventing new ones. Recent moves include shifting key systems to the cloud, using AI‑enabled platforms for efficiency, and enhancing digital banking with features that matter to business clients, such as advanced payment services and fraud controls. A new technology‑oriented CIO and a Head of Growth & Strategy indicate a more deliberate push to use digital channels and data to support growth. The innovation strategy is pragmatic: improve the customer experience and internal efficiency, not chase cutting‑edge fintech experiments. Success will depend on execution—how well these tools are integrated into the bank’s relationship model and whether they can offset the structural advantages of larger, more tech‑heavy competitors.

Summary

Bank of Marin Bancorp is a long‑established Northern California regional bank whose strengths lie in local relationships, community presence, and niche expertise rather than sheer size or cutting‑edge technology. Financially, it has transitioned from steady profitability to a recent period of earnings pressure and a small loss, even as cash generation and capital levels remain sound. Management appears to be reshaping the balance sheet and selectively upgrading its technology stack to support its relationship model and improve efficiency. The key questions going forward are whether the bank can restore healthy margins in a challenging rate and competitive environment, maintain asset quality, and turn its measured tech and strategic initiatives into renewed, sustainable earnings without compromising its conservative balance sheet posture or its community‑centric identity.

NEWS

November 19, 2025 · 4:05 PM UTC

Bank of Marin Completes Balance Sheet Repositioning Supported by $45 Million Subordinated Debt Offering

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November 5, 2025 · 10:27 AM UTC

KBRA Assigns Ratings to Bank of Marin Bancorp

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October 27, 2025 · 8:30 AM UTC

Bank of Marin Bancorp Reports Third Quarter Financial Results

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October 2, 2025 · 5:00 PM UTC

Bank of Marin Bancorp to Webcast Q3 Earnings on Monday, October 27, 2025, at 8:30 a.m. PT

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