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Bank of Marin reports Q1 comparable EPS 53c, consensus 55c

Reports Q1 tangible book value per share $19.77. “During the first quarter, we remained focused on continued improvement in core banking fundamentals. We followed a strong fourth quarter with a seasonally high level of new loan originations and grew our deposits without increasing their total cost,” said President and CEO Tim Myers. “At the same time, we sold our largest non-performing assets with no further impact to net income and showed notable improvement across key credit risk metrics.”

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