NASDAQ : BMRC
Bank of Marin Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 28.8 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 461.73M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 109.03M | 104.43M | 101.48M | 98.50M | 93.87M | 91.61M |
| Interest Income on Investments | 60.36M | 48.00M | 39.79M | 40.99M | 36.17M | 16.74M |
| Total Interest Income | 169.39M | 152.43M | 141.27M | 139.49M | 130.04M | 108.35M |
| Interest Paid on Deposits | 44.30M | 46.01M | 49.45M | 27.58M | 2.46M | 2.03M |
| Interest Paid on Borrowings | 2.83M | 377.00K | 241.00K | 11.56M | 91.00K | 1.37M |
| Total Interest Expense | 47.13M | 46.39M | 49.69M | 39.14M | 2.55M | 3.40M |
| Net Interest Income | 122.26M | 106.04M | 91.58M | 100.35M | 127.49M | 104.95M |
| Trust Income | 2.27M | 2.31M | 2.42M | 2.15M | 2.23M | 2.22M |
| Gain (Loss) on Sale of Investments | -69.47M | -88.20M | -32.54M | -5.89M | -63.00K | -16.00K |
| Other Non-Interest Income | 8.20M | 6.75M | 6.60M | 6.34M | 6.65M | 5.23M |
| Total Non-Interest Income | -56.51M | -76.96M | -21.36M | 4.67M | 10.82M | 9.03M |
| Revenues Before Loan Losses | 65.75M | 29.08M | 70.22M | 105.03M | 138.31M | 113.98M |
| Provision for Loan Losses | 990.00K | 560.00K | 5.32M | 2.23M | -381.00K | -2.44M |
| Revenue | 64.76M | 28.52M | 64.91M | 102.79M | 138.69M | 116.42M |
| Salaries and Employee Benefits | 46.75M | 44.70M | 42.39M | 41.21M | 39.49M | 36.41M |
| Occupancy Expenses | 4.79M | 4.98M | 4.80M | 4.91M | 4.31M | 4.21M |
| Federal Deposit Insurance | 2.14M | 1.81M | 1.86M | 1.88M | 1.18M | 889.00K |
| Amortization of Goodwill & Intangibles | 798.00K | 875.00K | 975.00K | 1.35M | 1.49M | 1.14M |
| Selling, General & Administrative | 21.40M | 20.38M | 20.54M | 19.41M | 20.23M | 17.77M |
| Other Non-Interest Expense | 8.01M | 7.92M | 7.49M | 7.55M | 7.50M | 5.17M |
| Total Non-Interest Expense | 84.73M | 81.31M | 78.74M | 77.07M | 75.27M | 66.18M |
| EBT Excluding Unusual Items | -19.97M | -52.79M | -13.84M | 25.72M | 63.42M | 50.24M |
| Pretax Income | -19.43M | -52.48M | -13.84M | 26.04M | 63.51M | 44.89M |
| Income Tax Expense | -7.58M | -16.81M | -5.43M | 6.14M | 16.92M | 11.66M |
| Net Income | -11.85M | -35.67M | -8.41M | 19.89M | 46.59M | 33.23M |
| Net Income to Common | -11.85M | -35.67M | -8.41M | 19.89M | 46.59M | 33.23M |
| Basic Shares Outstanding | 15.94M | 15.94M | 16.04M | 16.01M | 15.92M | 14.34M |
| Diluted Shares Outstanding | 15.94M | 15.94M | 16.04M | 16.03M | 15.97M | 14.42M |
| EPS (Basic) | -0.74 | -2.24 | -0.52 | 1.24 | 2.93 | 2.32 |
| EPS (Diluted) | -0.74 | -2.24 | -0.52 | 1.24 | 2.92 | 2.30 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 0.98 | 0.94 |
| Effective Tax Rate | 23.59% | 26.65% | 25.97% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 265.33M | 225.30M | 137.30M | 30.12M | 45.42M | 343.25M |
| Investment Securities | 77.58M | 342.20M | 441.57M | 569.79M | 514.51M | |
| Trading Asset Securities | 148.00K | 333.00K | 287.00K | 602.00K | ||
| Mortgage-Backed Securities | 1.22B | 1.25B | 924.53M | 1.04B | 1.21B | 998.28M |
| Total Investments | 1.22B | 1.33B | 1.27B | 1.48B | 1.78B | 1.51B |
| Gross Loans | 2.14B | 2.12B | 2.08B | 2.08B | 2.10B | 2.26B |
| Allowance for Loan Losses | -22.94M | -30.09M | -30.66M | -25.17M | -22.98M | -23.02M |
| Other Adjustments to Gross Loans | -1.30M | -1.10M | -2.00M | -2.60M | -3.40M | |
| Net Loans | 2.12B | 2.09B | 2.05B | 2.05B | 2.07B | 2.23B |
| Property, Plant & Equipment | 30.37M | 30.56M | 25.86M | 28.11M | 32.95M | 31.16M |
| Goodwill | 72.75M | 72.75M | 72.75M | 72.75M | 72.75M | 72.75M |
| Other Intangible Assets | 1.33M | 1.92M | 2.79M | 3.77M | 5.12M | 6.61M |
| Accrued Interest Receivable | 88.47M | 11.56M | 11.93M | 12.75M | 13.07M | 11.89M |
| Restricted Cash | 330.00K | 4.39M | ||||
| Long-Term Deferred Tax Assets | 42.94M | 30.61M | 35.07M | 43.86M | 13.32M | |
| Other Real Estate Owned & Foreclosed | 455.00K | 800.00K | ||||
| Other Long-Term Assets | 71.77M | 84.32M | 83.72M | 76.24M | 70.17M | 67.93M |
| Total Assets | 3.87B | 3.90B | 3.70B | 3.80B | 4.15B | 4.31B |
| Interest Bearing Deposits | 2.11B | 2.06B | 1.84B | 1.74B | 1.69B | 1.84B |
| Institutional Deposits | 103.31M | 108.31M | 105.62M | 44.61M | 54.02M | |
| Non-Interest Bearing Deposits | 1.28B | 1.25B | 1.27B | 1.44B | 1.84B | 1.91B |
| Total Deposits | 3.40B | 3.42B | 3.22B | 3.29B | 3.57B | 3.81B |
| Short-Term Borrowings | 11.00K | 27.36M | 112.00M | 1.08M | ||
| Current Portion of Leases | 4.89M | |||||
| Accrued Interest Payable | 22.77M | 2.07M | 3.02M | 2.75M | 75.00K | 81.00K |
| Long-Term Debt | 44.01M | 43.86M | ||||
| Long-Term Leases | 25.32M | 20.56M | 21.66M | 23.20M | 27.08M | 25.85M |
| Pension & Post-Retirement Benefits | 4.80M | 4.60M | 4.50M | 4.70M | 5.30M | |
| Other Long-Term Liabilities | 18.39M | 16.63M | 16.95M | 18.17M | 22.98M | |
| Total Liabilities | 3.49B | 3.51B | 3.27B | 3.36B | 3.74B | 3.86B |
| Common Stock | 217.64M | 214.91M | 215.51M | 217.50M | 215.06M | 212.52M |
| Retained Earnings | 213.73M | 198.16M | 249.96M | 274.57M | 270.78M | 239.87M |
| Comprehensive Income & Other | -51.99M | -18.42M | -30.07M | -53.01M | -73.75M | -2.02M |
| Shareholders' Equity | 379.38M | 394.65M | 435.41M | 439.06M | 412.09M | 450.37M |
| Total Liabilities & Equity | 3.87B | 3.90B | 3.70B | 3.80B | 4.15B | 4.31B |
| Total Debt | 69.33M | 69.32M | 21.66M | 50.56M | 139.08M | 26.93M |
| Net Cash (Debt) | 196.00M | 156.13M | 115.97M | -20.16M | -93.05M | 316.31M |
| Net Cash Per Share | 12.30 | 9.79 | 7.23 | -1.26 | -5.83 | 21.93 |
| Filing Date Shares Outstanding | 16.03M | 15.93M | 15.97M | 16.09M | 15.97M | 15.88M |
| Total Common Shares Outstanding | 16.03M | 15.90M | 15.94M | 16.05M | 15.95M | 15.87M |
| Book Value Per Share | 23.66 | 24.82 | 27.32 | 27.35 | 25.84 | 28.38 |
| Tangible Book Value | 305.29M | 319.98M | 359.86M | 362.54M | 334.22M | 371.01M |
| Tangible Book Value Per Share | 19.04 | 20.12 | 22.58 | 22.59 | 20.96 | 23.38 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -35.67M | -8.41M | 19.89M | 46.59M | 33.23M | |
| Depreciation & Amortization | 2.14M | 2.44M | 3.45M | 3.33M | 2.88M | |
| Other Amortization | 1.35M | |||||
| Gain (Loss) on Sale of Assets | 9.00K | |||||
| Gain (Loss) on Sale of Investments | 88.94M | 35.08M | 12.79M | 9.12M | 5.82M | |
| Total Asset Writedown | 40.00K | 345.00K | ||||
| Provision for Credit Losses | 375.00K | 5.55M | 2.58M | -63.00K | -1.45M | |
| Accrued Interest Receivable | -17.18M | -6.70M | -4.15M | 2.23M | 5.55M | |
| Other Operating Activities | -2.76M | -1.83M | -2.98M | -4.26M | -6.34M | |
| Operating Cash Flow | 39.08M | 28.36M | 35.66M | 55.28M | 45.25M | |
| Capital Expenditures | -1.82M | -520.00K | -1.75M | -2.27M | -1.04M | |
| Sale of Property, Plant and Equipment | 21.00K | |||||
| Cash Acquisitions | 140.58M | |||||
| Investment in Securities | -133.48M | 206.61M | 312.24M | -375.49M | -737.59M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -38.50M | -9.72M | 20.21M | 164.02M | 256.86M | |
| Other Investing Activities | 1.80M | -1.21M | 766.00K | -4.36M | 535.00K | |
| Investing Cash Flow | -171.99M | 195.17M | 331.88M | -218.10M | -340.67M | |
| Short-Term Debt Issued | 112.00M | |||||
| Long-Term Debt Issued | 45.00M | |||||
| Total Debt Issued | 45.00M | 112.00M | ||||
| Short-Term Debt Repaid | -26.00M | -86.00M | -13.88M | |||
| Long-Term Debt Repaid | -126.00K | -152.00K | -148.00K | -131.00K | -4.21M | |
| Total Debt Repaid | -126.00K | -26.15M | -86.15M | -131.00K | -18.10M | |
| Net Debt Issued (Repaid) | 44.87M | -26.15M | -86.15M | 111.87M | -18.10M | |
| Issuance of Common Stock | 35.00K | 38.00K | 3.08M | 899.00K | 587.00K | |
| Repurchase of Common Stock | -3.40M | -4.32M | -70.00K | -1.29M | -40.93M | |
| Common Dividends Paid | -16.13M | -16.20M | -16.11M | -15.67M | -13.11M | |
| Net Increase (Decrease) in Deposit Accounts | 195.53M | -70.06M | -283.27M | -235.20M | 514.28M | |
| Financing Cash Flow | 220.91M | -116.69M | -382.51M | -139.40M | 442.73M | |
| Net Cash Flow | 88.00M | 106.85M | -14.97M | -302.22M | 147.32M | |
| Free Cash Flow | 37.26M | 27.84M | 33.91M | 53.01M | 44.21M | |
| Free Cash Flow Margin | 130.63% | 42.90% | 32.99% | 38.22% | 37.97% | |
| Free Cash Flow Per Share | 2.34 | 1.74 | 2.12 | 3.32 | 3.06 | |
| Cash Interest Paid | 43.14M | 46.36M | 34.04M | 2.56M | 2.10M | |
| Cash Income Tax Paid | 429.00K | 2.25M | 8.43M | 13.73M | 12.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 468.31M | 414.69M | 379.73M | 353.57M | 524.99M | 593.79M |
| Last Close Price | 28.37 | 25.31 | 22.17 | 19.47 | 27.60 | 30.37 |
| PE Ratio | 17.77 | 11.27 | 17.87 | |||
| PS Ratio | 7.29 | 14.54 | 5.85 | 3.44 | 3.79 | 5.10 |
| PB Ratio | 1.20 | 1.05 | 0.87 | 0.81 | 1.27 | 1.32 |
| P/FCF Ratio | 12.32 | 11.13 | 13.64 | 10.43 | 9.90 | 13.43 |
| P/OCF Ratio | 12.00 | 10.61 | 13.39 | 9.91 | 9.50 | 13.12 |
| Debt / Equity Ratio | 0.18 | 0.18 | 0.05 | 0.12 | 0.34 | 0.06 |
| Debt / FCF Ratio | 1.86 | 0.78 | 1.49 | 2.62 | 0.61 | |
| Net Debt / Equity Ratio | -0.52 | -0.40 | -0.27 | 0.05 | 0.23 | -0.70 |
| Net Debt / FCF Ratio | -4.19 | -4.17 | 0.59 | 1.75 | -7.16 | |
| Return on Equity (ROE) | -2.88% | -8.60% | -1.92% | 4.67% | 10.80% | 8.22% |
| Return on Assets (ROA) | -0.31% | -0.94% | -0.22% | 0.50% | 1.10% | 0.92% |
| Earnings Yield | -2.55% | -8.60% | -2.21% | 5.63% | 8.87% | 5.60% |
| FCF Yield | 8.12% | 8.98% | 7.33% | 9.59% | 10.10% | 7.45% |
| Dividend Yield | 3.42% | 3.84% | 4.20% | 4.54% | 2.98% | 2.51% |
| Payout Ratio | 80.95% | 33.64% | 39.45% | |||
| Buyback Yield / Dilution | 0.13% | 0.62% | -0.10% | -0.36% | -10.73% | -5.91% |
| Total Shareholder Return | 3.53% | 4.46% | 4.10% | 4.18% | -7.75% | -3.40% |