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Bank Of Marin Bancorp  (BMRC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $16.8600 $0.36 2.182%
Day's High: $17.07 Week Perf: -1.29 %
Day's Low: $ 16.53 30 Day Perf: -1.58 %
Volume (M): 239 52 Wk High: $ 25.39
Volume (M$): $ 4,024 52 Wk Avg: $19.00
Open: $16.53 52 Wk Low: $12.89



 Market Capitalization (Millions $) 271
 Shares Outstanding (Millions) 16
 Employees 259
 Revenues (TTM) (Millions $) 106
 Net Income (TTM) (Millions $) 20
 Cash Flow (TTM) (Millions $) -15
 Capital Exp. (TTM) (Millions $) 2

Bank Of Marin Bancorp

Bank of Marin was incorporated in August 1989, received its charter from the California Superintendent of Banks (now the California Department of Business Oversight or "DBO") and commenced operations in January 1990. The Bank is an insured bank under the Federal Deposit Insurance Corporation (“FDIC”). On July 1, 2007 (the “Effective Date”), a bank holding company reorganization was completed whereby Bank of Marin Bancorp (“Bancorp”) became the parent holding company for the Bank, the sole and wholly-owned subsidiary of Bancorp. On the Effective Date, each outstanding share of Bank of Marin common stock was converted into one share of Bank of Marin Bancorp common stock. Bancorp is listed at NASDAQ under the ticker symbol BMRC, which was formerly used by the Bank. Prior to the Effective Date, the Bank filed reports and proxy statements with the FDIC pursuant to Section 12 of the 1934 Act.

Virtually all of our business is conducted through Bancorps subsidiary, Bank of Marin, which is headquartered in Novato, California. In addition to our headquarters office, we operate through twenty offices in Marin, Sonoma, San Francisco, Napa and Alameda counties, with a strong emphasis on supporting the local communities. Our customer base is made up of business and personal banking relationships from the communities near the branch office locations. Our business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.

We offer a broad range of commercial and retail deposit and lending programs designed to meet the needs of our target markets. Our lending categories include commercial real estate loans, commercial and industrial loans, construction financing, consumer loans, and home equity lines of credit. Merchant card services are available for our business customers. Through third party vendors, we offer a proprietary Visa® credit card product combined with a rewards program to our customers, a Business Visa® program, a leasing program for commercial equipment financing, and cash management sweep services.

We offer a variety of personal and business checking and savings accounts, and a number of time deposit alternatives, including time certificates of deposit, Individual Retirement Accounts (“IRAs”), Health Savings Accounts, Certificate of Deposit Account Registry Service® ("CDARS") and Insured Cash Sweep® ("ICS") accounts. CDARS and ICS are part of a network through which we offer full FDIC insurance coverage in excess of the regulatory maximum by placing deposits in multiple banks participating in the network. We also offer mobile banking, remote deposit capture, Automated Clearing House services (“ACH”), fraud prevention services including Positive Pay for Checks, ACH, Apple Pay®, peer-to-peer funds transfer, and image lockbox services. A valet deposit pick-up service is available to our professional and business clients.

Automated teller machines (“ATMs”) are available at each retail branch location. Our ATM network is linked to the PLUS, CIRRUS and NYCE networks, as well as to a network of nation-wide surcharge-free ATMs called MoneyPass. We also offer our depositors 24-hour access to their accounts by telephone and through our internet banking products available to personal and business account holders.

We offer Wealth Management and Trust Services (“WMTS”) which include customized investment portfolio management, trust administration, estate settlement, custody services, and advice on charitable giving. We also offer 401(k) plan services to small and medium-sized businesses through a third party vendor.

We make international banking services available to our customers indirectly through other financial institutions with whom we have correspondent banking relationships.

We hold no patents, licenses (other than licenses required by the appropriate banking regulatory agencies), franchises or concessions. The Bank has registered the service marks "The Spirit of Marin", the words “Bank of Marin”, the Bank of Marin logo, and the Bank of Marin tagline “Committed to your business and our community” with the United States Patent & Trademark Office. In addition, Bancorp has registered the service marks for the words “Bank of Marin Bancorp” and for the Bank of Marin Bancorp logo with the United States Patent & Trademark Office.



   Company Address: 504 Redwood Blvd. Novato 94947 CA
   Company Phone Number: 763-4520   Stock Exchange / Ticker: NASDAQ BMRC
   


Customers Net Income fell by BMRC's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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FCNCA        2.47% 
FITB   -2.51%    
NTRS        1.27% 
WAL   -1.75%    
• View Complete Report
   



Bank Of Marin Bancorp

Bank of Marin Bancorp Reports Sharp Decline in Fourth Quarter Income, Despite $0.22 Million Income Tax Refund

Bank of Marin Bancorp (NASDAQ: BMRC) recently reported a sharp decline in its fourth-quarter income for 2023, signaling a challenging period for the company. The company's income fell by a staggering -96.23% to $0.04 per share compared to $1.00 per share in the same quarter the previous year. Additionally, the earnings per share (EPS) dropped by -88.56% from $0.33 per share in the prior quarter. These numbers reflect a concerning trend for the company.
The revenue for the fourth quarter of 2023 also experienced a significant drop of -52.881%, falling to $19.68 million from $41.77 million in the same quarter the previous year. Sequentially, the revenue declined by -26.132% from $26.64 million. Alongside this decline, the net profits for the fourth quarter of 2023 fell by -96.92% to $0.609 million from $19.773 million in the corresponding period a year before. These numbers paint a challenging picture for Bank of Marin Bancorp.

Management Changes

Renowned Banking Veteran Robert Heller Announces Retirement from Bank of Marin's Board of Directors

Published Wed, Feb 28 2024 10:00 PM UTC


In a significant announcement, Bank of Marin Bancorp (NASDAQ: BMRC) and its wholly owned subsidiary, Bank of Marin, revealed the retirement of banking veteran Robert Heller from its board of directors. Effective May 13, 2024, Heller will step down from his roles in both institutions, marking the end of an illustrious career spanning nearly two decades of exemplary servi...

Bank Of Marin Bancorp

Bank of Marin Bancorp Reports Weaker Q1 2023 Revenue, Profits Declined by 2.44%

The first quarter of 2023 earnings season for the Regional Banks company resulted in disappointing earnings, with a -2.44% decrease in earnings per share (EPS) to $0.59 from $0.60 and a -1.431% decrease in revenue to $32.66 million compared to the same period last year. In comparison to the previous quarter, profits dropped from $1.00 per share and revenue plummeted by -21.809% from $41.77 million.
The bottom-line of $9.440 million in the first quarter of 2023 earnings season decreased by -2.82% from $9.714 million in the corresponding period a year prior. The Bank Of Marin Bancorp?s operating margin also saw a decline, falling to 39.43% from 40.92% in the first quarter of 2021. Additionally, the net margin saw a decrease to 28.91%.






 

Bank Of Marin Bancorp's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Bank Of Marin Bancorp does not provide revenue guidance.

Earnings Outlook
Bank Of Marin Bancorp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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