Bank Of Marin Bancorp (BMRC) AI Stock Analysis

• Market Cap: $394.75M
• Dividend Yield: 4.1%
• Average Volume (3M): 76.67K
• Price to Earnings (P/E): 56.5
• Beta (1Y): 0.89
• Revenue Growth: 23.26%
• EPS Growth: N/A
• Country: US
• Employees: 291
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): -0.53
• Shares Outstanding: 16,125,301
• 10 Day Avg. Volume: 60,505
• 30 Day Avg. Volume: 76,668
• PEG Ratio: 0.32
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 3.28
• P/FCF Ratio: 13.69
• Enterprise Value/Market Cap: 0.40
• Enterprise Value/Revenue: 1.18
• Enterprise Value/Gross Profit: 1.75
• Enterprise Value/Ebitda: 11.09
• 1Y Price Target: $26.25
• Price Target Upside: 7.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: $27.00 ▲(10.29% Upside)

Bank Of Marin Bancorp's overall stock score reflects solid financial performance and positive technical indicators, despite a high P/E ratio suggesting overvaluation. The earnings call highlights growth in key areas, though tempered by a net loss from securities repositioning. The dividend yield adds some appeal for investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for services and effective business strategies, supporting long-term financial stability.

Strong Capital Ratios

Robust capital ratios provide a buffer against economic downturns, ensuring the bank's resilience and capacity to support future growth.

Cash Flow Management

Strong cash flow management enhances financial flexibility, allowing for strategic investments and shareholder returns, supporting long-term growth.

Negative Factors

Net Loss in Q2

The net loss from securities sales indicates potential volatility in earnings, which could impact investor confidence and financial stability.

Decline in Noninterest Income

A decline in noninterest income reduces revenue diversification, potentially increasing reliance on interest income and affecting profitability.

Profitability Challenges

Low profitability margins suggest inefficiencies or high costs, which could hinder the bank's ability to generate sustainable profits over time.

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 primarily through the interest income earned on its loan portfolio, which includes commercial, residential, and consumer loans. The interest on these loans is a significant source of earnings, complemented by fees associated with loan origination and servicing. Additionally, BMRC earns non-interest income from various sources, including service fees on deposit accounts, wealth management services, and transaction fees. The bank also manages investment securities, contributing to its income through interest and market gains. Strategic partnerships with local businesses and community organizations enhance its customer base, while its focus on local lending helps maintain a stable deposit base and fosters long-term relationships that contribute to steady revenue streams.

Bank Of Marin Bancorp Financial Statement Overview

Summary

Bank of Marin Bancorp shows moderate financial health with positive cash flows, but declining profitability and equity raise concerns. The income statement reveals negative net income and EBIT, indicating operational challenges. The balance sheet is stable but shows a decrease in stockholders' equity, while cash flow is positive but inconsistent.

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	133.47M	116.39M	141.70M	140.69M	118.46M	108.19M
Gross Profit	89.66M	64.46M	102.73M	138.52M	117.50M	99.05M
EBITDA	14.17M	-11.39M	29.48M	66.84M	47.76M	43.59M
Net Income	6.91M	-8.41M	19.89M	46.59M	33.23M	30.24M
Balance Sheet
Total Assets	3.73B	3.70B	3.80B	4.15B	4.31B	2.91B
Cash, Cash Equivalents and Short-Term Investments	1.44B	273.04M	30.55M	46.66M	1.52B	592.67M
Total Debt	20.67M	21.66M	75.20M	251.08M	25.85M	29.90M
Total Liabilities	3.29B	3.27B	3.36B	3.74B	3.86B	2.55B
Stockholders Equity	438.54M	435.41M	439.06M	412.09M	450.37M	358.25M
Cash Flow
Free Cash Flow	32.02M	27.84M	33.91M	53.01M	44.21M	39.86M
Operating Cash Flow	33.55M	28.36M	35.66M	55.28M	45.25M	40.84M
Investing Cash Flow	-44.56M	195.17M	334.69M	-218.10M	-340.67M	-173.44M
Financing Cash Flow	8.45M	-116.69M	-385.32M	-139.40M	442.73M	149.53M

Bank Of Marin Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 24.48 is below the 20-day moving average (MA) of 24.53, above the 50-day MA of 23.87, and above the 200-day MA of 22.74, indicating a bullish trend. The MACD of 0.38 indicates Positive momentum. The RSI at 64.89 is Neutral, neither overbought nor oversold. The STOCH value of 51.20 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
FRBA	80 Outperform	409.94M	10.84	10.32%	1.47%	11.18%	24.61%
RRBI	77 Outperform	436.25M	11.39	11.51%	0.73%	9.09%	23.58%
BSVN	75 Outperform	453.84M	10.33	0.00%	2.00%	-2.96%	37.09%
CARE	71 Outperform	448.41M	14.55	6.38%	―	9.18%	153.68%
BMRC	66 Neutral	$394.75M	56.51	1.58%	4.10%	23.26%	―
MSBI	56 Neutral	386.49M	-3.23	5.35%	6.97%	14.49%	-380.35%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Bank Of Marin Bancorp Corporate Events

Bank of Marin Bancorp to Attend Banking Conference

Bank of Marin Bancorp announced that its President and CEO Tim Myers, along with CFO David Bonaccorso, will participate in the Raymond James U.S. Bank & Banking on Tech Conference on September 3-4, 2025. The company reported a net loss for the second quarter of 2025, driven by a significant pre-tax loss from the sale of securities, but also highlighted strong capital positions and strategic redeployment of proceeds to improve future earnings. The bank’s focus on maintaining strong credit quality and liquidity, despite a decrease in total deposits, underscores its commitment to long-term shareholder value.

Bank of Marin Bancorp to Attend Western Bank Summit

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the 15th Annual D.A. Davidson Western Bank Summit on August 26-27, 2025. The bank reported a net loss for the second quarter of 2025, primarily due to a significant loss on the sale of securities. Despite this, the bank maintained strong capital levels, repurchased shares, and continued to focus on strategic priorities such as growing non-interest income and investing in technology.

Bank of Marin Bancorp Reports Q2 2025 Net Loss

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the Keefe Bruyette & Woods Community Bank Investor Conference from July 28-30, 2025. In its second-quarter 2025 financial overview, the company reported a net loss of $8.5 million, largely due to a pre-tax loss from the sale of securities, but highlighted strong capital positions and strategic redeployment of proceeds to enhance future earnings. The announcement underscores the bank’s efforts to maintain financial stability and improve shareholder value amidst challenging economic conditions.

Bank Of Marin Bancorp Announces Quarterly Dividend

On July 24, 2025, Bank of Marin Bancorp’s Board of Directors approved a quarterly cash dividend of $0.25 per share, payable on August 14, 2025. The company also announced revisions to its Insider Trading Policy, including changes to the blackout period and provisions for 10b5-1 trading plans. For the second quarter of 2025, Bancorp reported a net loss of $8.5 million, attributed to securities repositioning, despite a 15% growth in pre-tax pre-provision net income. The repositioning is expected to enhance future earnings, with a 13 basis point increase in net interest margin anticipated in the third quarter.

Bank Of Marin Bancorp Announces New Stock Buyback Program

On July 24, 2025, Bank of Marin Bancorp’s Board of Directors approved a new stock repurchase program authorizing the buyback of up to $25 million of its common stock through July 31, 2027. This initiative replaces the previous program expiring at the end of July 2025, which saw $6.4 million in shares repurchased. The program aims to maintain a balanced capital allocation strategy, allowing the company to make strategic decisions benefiting shareholders. The repurchase can be executed through various means, including open market and privately negotiated transactions, with the possibility of adopting a trading plan under Rule 10b5-1 to navigate insider trading restrictions. The program offers flexibility as it may be suspended or discontinued at any time without obligating the acquisition of a specific number of shares.

Bank of Marin Bancorp Q2 2025 Earnings Call Announcement

Bank of Marin Bancorp announced that its President and CEO Tim Myers, along with CFO Dave Bonaccorso, will discuss the company’s financial results for the second quarter of 2025 in an earnings call on July 28, 2025. The results will be released prior to the call, and the webcast will be accessible to investors through the company’s website, with a replay available shortly after. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction.

Bank Of Marin Bancorp Sells $186M Securities for Repositioning

On July 1, 2025, Bank of Marin announced the sale of $186 million in available-for-sale securities as part of a strategic balance sheet repositioning. This move, aimed at enhancing future earnings and increasing return on equity, resulted in an estimated pre-tax loss of $19 million to be recorded in the second quarter of 2025. The proceeds from the sale were reinvested at a higher yield, expected to improve the bank’s net interest margin and earnings per share over the next year, positioning the bank for long-term growth.