Bank Of Marin Bancorp (BMRC) AI Stock Analysis

• Market Cap: $343.78M
• Dividend Yield: 4.88%
• Average Volume (3M): 80.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -15.92%
• EPS Growth: -147.11%
• Country: US
• Employees: 291
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.30
• Shares Outstanding: 16,216,068
• 10 Day Avg. Volume: 80,816
• 30 Day Avg. Volume: 80,065
• PEG Ratio: -2.07
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.43
• Enterprise Value/Market Cap: 0.29
• Enterprise Value/Revenue: 0.24
• Enterprise Value/Gross Profit: 0.74
• Enterprise Value/Ebitda: -1.09
• 1Y Price Target: $25.33
• Price Target Upside: 23.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 57 Neutral
• Price Target: ―

Bank Of Marin Bancorp's overall score reflects moderate financial health with strengths in cash flow and recent earnings growth. However, declining equity and profitability, along with technical indicators suggesting bearish sentiment, offset these positives. The valuation is also a concern due to the negative P/E ratio, although the high dividend yield remains attractive.

Positive Factors

Credit Risk Improvement

Credit issues that have hurt the stock recently seem to be getting better, and the bank's credit risks have incrementally eased.

Earnings Outlook

The Fed pivot has led to a better earnings outlook for Bank of Marin, making its shares appear compelling as they trade at a 30% discount to peers and a major discount to its own historical multiple.

Negative Factors

Credit Quality Concerns

Interest rate relief should mitigate office CRE pressures to a degree and reduce overall investor concern over the broader credit quality environment.

Office CRE Exposure

BMRC's sizeable office CRE exposure has been an area of concern, but the guaranteed loan remains current with pledged cash to cover payments through a 2026 maturity.

Bank Of Marin Bancorp Business Overview & Revenue Model

Company Description

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, professionals, not-for-profit organizations, and individuals in California, the United States. It offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry and insured cash sweep services. The company also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit. In addition, it offers merchant and payroll, and cash management services; credit cards; fraud detection tools; and mobile deposit, remote deposit capture, automated clearing house, wire transfer, and image lockbox services. Further, the company provides wealth management and trust services comprising customized investment portfolio management, financial planning, trust administration, estate settlement, and custody services, as well as 401(k) plan services; and automated teller machines, and telephone and digital banking services. It operates through 12 branch offices in Marin, southern Sonoma counties, and north of San Francisco, California; and a loan production office in San Francisco. The company was incorporated in 1989 and is headquartered in Novato, California.

How the Company Makes Money

Bank of Marin Bancorp generates revenue through a variety of financial services and products. The primary revenue streams include interest income from loans and investment securities, fees from banking services, and wealth management services. Interest income is derived from loans provided to individual and commercial clients, including real estate, construction, and commercial loans. The company also earns non-interest income through service charges on deposit accounts, transaction fees, and investment advisory fees. Additionally, strategic partnerships with local businesses and community organizations enhance their market presence and contribute to customer acquisition and retention, further supporting their revenue growth.

Bank Of Marin Bancorp Financial Statement Overview

Summary

Bank Of Marin Bancorp demonstrates moderate financial health with positive cash flows. However, declining profitability and equity raise concerns about future financial stability. The company needs to address operational inefficiencies and bolster its equity position.

Income Statement

The company has seen a decline in revenue growth and profitability. TTM data reveals a negative net income and EBIT, with a significant drop in total revenue compared to the previous year. Gross profit margin is positive, but net profit margin is negative, indicating inefficiency in cost management or other financial pressures. The revenue growth rate has been inconsistent, and negative EBIT margin further highlights operational challenges.

Balance Sheet

The balance sheet shows a stable equity ratio, although the debt-to-equity ratio is low due to relatively low debt levels. However, the significant decrease in stockholders' equity in the TTM period raises concerns about the company's ability to maintain financial stability. Strong cash reserves provide some cushion, but the declining equity could pose long-term risks.

Cash Flow

The cash flow statement indicates positive operating cash flow and free cash flow, which is a positive sign for liquidity management. The free cash flow to net income ratio is strong, suggesting that the company effectively converts its net income into cash. However, the free cash flow growth rate is inconsistent, which could impact future investments and operations.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
106.17M	69.77M	104.97M	138.40M	115.08M	105.21M
	Gross Profit
135.92M	69.77M	104.97M	138.40M	115.08M	105.21M
	EBIT
-8.76M	-13.84M	39.67M	66.06M	44.89M	40.59M
	EBITDA
-19.70M	0.00	0.00	66.84M	47.76M	43.59M
	Net Income Common Stockholders
-6.46M	-8.41M	19.89M	46.59M	33.23M	30.24M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.31M	1.40B	30.45M	847.97M	1.52B	592.67M
	Total Assets
3.77B	3.70B	3.80B	4.15B	4.31B	2.91B
	Total Debt
24.41M	21.66M	49.20M	139.08M	25.85M	29.90M
	Net Debt
-11.90M	-115.64M	18.75M	93.65M	-321.79M	-170.42M
	Total Liabilities
3.33B	3.27B	3.36B	3.74B	3.86B	2.55B
	Stockholders Equity
436.68M	435.41M	439.06M	412.09M	450.37M	358.25M
Cash Flow		Free Cash Flow
23.53M	27.84M	33.91M	53.01M	44.21M	39.86M
	Operating Cash Flow
23.89M	28.36M	35.66M	55.28M	45.25M	40.84M
	Investing Cash Flow
157.70M	195.17M	334.69M	-218.10M	-340.67M	-173.44M
	Financing Cash Flow
-80.59M	-116.69M	-385.32M	-139.40M	442.73M	149.53M

Bank Of Marin Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.48
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMRC, the sentiment is Positive. The current price of 20.48 is below the 20-day moving average (MA) of 21.08, below the 50-day MA of 21.02, and below the 200-day MA of 21.99, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 23.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BMRC.

Bank Of Marin Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RRBI	78 Outperform	$370.19M	10.42	11.51%	0.70%	10.47%	13.63%
BSVN	75 Outperform	$360.11M	8.08	22.26%	2.49%	1.20%	46.86%
FRBA	74 Outperform	$367.21M	9.45	9.81%	1.67%	18.63%	37.17%
Sector *	64 Neutral	$12.67B	9.74	7.58%	17015.08%	12.21%	-6.96%
CARE	63 Neutral	$381.43M	13.74	7.20%	―	13.73%	111.78%
BMRC	57 Neutral	$343.78M	―	-1.47%	4.88%	-15.92%	-147.11%
MSBI	54 Neutral	$363.18M	12.51	-1.68%	7.31%	3.95%	-135.44%

Bank Of Marin Bancorp Corporate Events

Bank of Marin Bancorp Q1 2025 Earnings Call Announcement

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, Dave Bonaccorso, will discuss the company’s financial results for the first quarter of 2025 in an earnings call on April 28, 2025. The results will be released prior to the call, and investors can access the webcast through the company’s website. This announcement provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction.

Bank of Marin Bancorp to Attend Piper Sandler Forum

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the Piper Sandler Western Bank Forum on March 10-11, 2025. The bank reported strong financial performance in the fourth quarter of 2024, with a 36% increase in EPS and a 9.65% decline in the efficiency ratio. Despite a decrease in total deposits, the bank maintained a strong capital position and improved credit quality metrics. The strategic focus remains on building long-term shareholder value through disciplined business practices and community commitment.

Bank of Marin Bancorp Announces Board Member Departures

Bank of Marin Bancorp announced on February 19, 2025, that Directors William McDevitt and Sanjiv Sanghvi will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company plans to reduce the size of its Board by two members at the meeting, and the cooperation agreement with shareholders who nominated Mr. Sanghvi will terminate without extension.

Bank of Marin Bancorp Joins Stephens Virtual Bank Tour

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the Stephens Virtual West Coast Bank Tour from February 24-27, 2025. The presentation will be available on the company’s website. The bank reported strong financial performance in the fourth quarter of 2024, with a 36% increase in EPS, improved credit quality, and a decline in the efficiency ratio. Despite a decrease in total deposits, the bank maintained a strong capital position and liquidity, with a focus on long-term shareholder value and strategic growth.