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Bank of Marin reports Q2 comparable EPS 29c, consensus 34c

Reports Q2 tangible book value per share $22.55. “We continue to take steps to improve our core financial performance as demonstrated by pre-tax pre-provision net income growth of 15% and 85% compared to the prior quarter and prior year to date, respectively,” said Tim Myers, president and CEO. “Our recent securities repositioning, which was made possible by our strong capital and liquidity levels, should lead to further net interest margin expansion.”

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