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Bank Of Marin Bancorp (BMRC)
NASDAQ:BMRC
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 4.34%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with several financial improvements, including increased net income, expansion in net interest margin, and strong asset quality. Despite challenges such as a decline in total deposits and noninterest income, the bank's strategic actions and strong capital ratios position it well for future growth.Company Guidance
During the earnings call for Bank of Marin Bancorp's fourth quarter of the fiscal year 2024, guidance highlighted several key metrics and financial improvements. Net income for the quarter increased to $6 million, or $0.38 per share, alongside a 4% rise in net interest income to $25.2 million, driven by a 10 basis point expansion in net interest margin. The bank originated $54 million in loan commitments with $47 million in outstanding balances, showing significant loan production in both commercial and commercial real estate segments. Despite a seasonal decline in total deposits to $3.2 billion, noninterest-bearing deposits remained strong at 43% of total deposits. The bank's capital ratios improved, with a total risk-based capital ratio of 16.5% and a tangible common equity (TCE) ratio of 9.93%. These metrics underscore the bank's strategic balance sheet repositioning, expense reductions, and focus on asset quality, positioning it for continued financial strength and potential growth in 2025.Increased Net Income and Earnings Per Share
Net income for the fourth quarter increased to $6 million or $0.38 per share, reflecting a boost from balance sheet repositioning and expense reduction actions taken earlier in the year.
Expansion in Net Interest Margin
Net interest margin increased by 10 basis points, driven by a decrease in the cost of deposits and stable average yield on interest earning assets.
Strong Asset Quality and Decline in Nonaccrual Loans
The bank maintained strong asset quality with a decline in nonaccrual loans and classified loans due to pay downs and an immaterial amount of net charge-offs.
Capital Ratios Strengthened
The bank's capital ratios increased, with a total risk-based capital ratio of 16.5% and a TCE ratio of 9.93%.
Improved Loan Production
The bank originated $54 million in loan commitments with $47 million in outstanding balances, nearly doubling the number of commercial and construction loans compared to the same period last year.
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BMRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BMRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $23.76 | $25.10 | +5.64% |
| Oct 28, 2024 | $21.38 | $22.29 | +4.26% |
| Jul 29, 2024 | $21.62 | $18.97 | -12.26% |
| Apr 29, 2024 | $14.70 | $13.75 | -6.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bank Of Marin Bancorp (BMRC) report earnings?
Bank Of Marin Bancorp (BMRC) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Bank Of Marin Bancorp (BMRC) earnings time?
Bank Of Marin Bancorp (BMRC) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMRC EPS forecast?
BMRC EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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