Bank of Marin reports Q1 EPS 30c, consensus 31c

Reports Q1 tangible book value per share $22.48. Reports Q1 CET1 capital ratio .04%. “Deposit growth was strong during the first quarter even as we made thoughtful reductions in deposit rates, which we believe is evidence of our acclaimed relationship banking model,” said Tim Myers, president and CEO. “Our commercial lending teams continue to gain traction and their originations were approximately five times higher than they were in the first quarter of 2024. These improved origination trends, which accelerated in March, have continued into April and we believe position us well for further margin expansion in the coming quarters.”