Bank Of Marin Bancorp (BMRC)
NASDAQ:BMRC
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Bank Of Marin Bancorp
(NASDAQ:BMRC)
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Rating:75Outperform
Price Target:
$29.00
▲(9.81% Upside)
Action:Upgraded
Date:05/14/26
BMRC scores well on fundamentals and outlook: a meaningful profitability rebound, conservative balance sheet positioning, and positive cash generation, reinforced by earnings-call guidance for further NIM expansion and improved credit quality. The overall score is tempered by only neutral technical momentum and the company’s recent multi-year earnings volatility and expense/competitive pressures.
Positive Factors
Conservative Balance Sheet
A very low debt-to-equity ratio (~0.06) and a sizable equity base versus ~$3.91B in assets provide a durable capital cushion. That conservative funding profile reduces insolvency risk, supports continued lending through cycles and underpins the bank's ability to sustain dividends and absorb credit stress.
Negative Factors
Multi-year Earnings Volatility
The firm has exhibited meaningful multi-year volatility, including a sharp 2024 downturn, which weakens predictability of future earnings and complicates long-term capital planning. Persistent variability can pressure investor confidence and limits reliance on short-term rebounds when setting targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A very low debt-to-equity ratio (~0.06) and a sizable equity base versus ~$3.91B in assets provide a durable capital cushion. That conservative funding profile reduces insolvency risk, supports continued lending through cycles and underpins the bank's ability to sustain dividends and absorb credit stress.
Read all positive factors
Bank Of Marin Bancorp (BMRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$421.58M
Dividend Yield3.76%
Average Volume (3M)70.32K
Price to Earnings (P/E)12.0
Beta (1Y)0.82
Revenue Growth-30.41%
EPS Growth-412.21%
CountryUS
Employees291
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.96
Shares Outstanding16,189,707
10 Day Avg. Volume70,168
30 Day Avg. Volume70,318
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.05
Price to Sales (P/S)2.34
P/FCF Ratio11.10
Enterprise Value/Market Cap0.50
Enterprise Value/Revenue1.13
Enterprise Value/Gross Profit1.48
Enterprise Value/Ebitda3.59
Forecast
1Y Price Target
$28.50Price Target Upside7.91% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)2.36
Revenue Forecast (FY)$140.68M
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 Unit...
How the Company Makes Money
Bank of Marin Bancorp primarily makes money through its banking subsidiary by (1) earning net interest income and (2) generating noninterest income. Net interest income is the largest driver for many community banks and comes from the spread betwe...
Bank Of Marin Bancorp Earnings Call Summary
Earnings Call Date:Apr 27, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 27, 2026
Earnings Call Sentiment Positive
The quarter showed clear improvement in profitability, net interest margin expansion, strong originations (nearly +30% YoY), and a meaningful reduction in nonperforming assets after the sale of $16.3 million of troubled loans. Key credit metrics and reserve levels strengthened (allowance at 1.08% of loans; nonaccruals down to 0.41% of assets). Offsetting items include a $2.5 million increase in noninterest expense (seasonal and one-time items), ongoing payoff pressure in acquired consumer portfolios, competitive spread compression, a remaining single CRE nonaccrual in workout, and conservative capital deployment (buybacks on hold). On balance, the positive developments around earnings, credit remediation, and margin trajectory outweigh the near-term expense and competitive pressures.Positive Updates
Large YoY Earnings Improvement
Net income was $8.5 million ($0.53 per share) in Q1 2026. Management reported net income and earnings per share growth of 7,577% year-over-year (as presented on the call).
Negative Updates
Higher Noninterest Expense in Q1
Noninterest expense increased by $2.5 million sequentially, largely driven by higher salaries and employee benefits (payroll taxes, incentive accruals, profit sharing, insurance, 401(k) matching) and elevated annual charitable giving (Q1 expected to comprise ~70% of 2026 total).
Read all updates
Q1-2026 Updates
Positive
Negative
Large YoY Earnings Improvement
Net income was $8.5 million ($0.53 per share) in Q1 2026. Management reported net income and earnings per share growth of 7,577% year-over-year (as presented on the call).
Read all positive updates
Company Guidance
Management guided to continued NIM expansion and solid loan and deposit growth in 2026, targeting a full‑year net interest margin in the mid‑3% range (March spot ~3.26%; Q1 NIM +6 bps sequential, +47 bps YoY; adjusted sequential would have been +14 bps excluding a $667k Q4 interest recovery), driven by loan production (Q1 originations $81M, $61M funded, ≈30% YoY increase; new loan yield 5.91% vs paid‑off loans 5.51%, ~40 bps higher), loan repricing (≈17% of loans repricing in 12 months, 34% in 3 years; 12‑month loan yield up ~15–20 bps YoY), and deposit optimization including selective off‑balance‑sheet one‑way sells; they expect noninterest expense to remain near current levels (Q1 included ~70% of 2026’s charitable giving and higher payroll accruals), no Q1 provision with an allowance at 1.08% of loans, materially improved credit metrics (nonaccruals down from 1.27% of assets to 0.41%; classified/total loans from 1.51% to 0.85%), a maintained $0.25/share dividend, and potential share buybacks only after further rebuilding of capital ratios.Bank Of Marin Bancorp Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 186.18M | 176.73M | 116.39M | 141.70M | 140.69M | 118.46M |
| Gross Profit | 141.78M | 134.46M | 64.46M | 102.73M | 138.52M | 117.50M |
| EBITDA | 58.32M | 53.75M | -11.39M | 29.48M | 66.84M | 47.76M |
| Net Income | 47.04M | 43.41M | -8.41M | 19.89M | 46.59M | 33.23M |
Balance Sheet | ||||||
| Total Assets | 3.91B | 3.90B | 3.70B | 3.80B | 4.15B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 247.19M | 273.04M | 30.55M | 46.66M | 1.52B |
| Total Debt | 24.55M | 69.31M | 21.66M | 75.20M | 251.08M | 25.85M |
| Total Liabilities | 3.52B | 3.51B | 3.27B | 3.36B | 3.74B | 3.86B |
| Stockholders Equity | 394.49M | 394.65M | 435.41M | 439.06M | 412.09M | 450.37M |
Cash Flow | ||||||
| Free Cash Flow | 33.15M | 37.26M | 27.84M | 33.91M | 53.01M | 44.21M |
| Operating Cash Flow | 34.82M | 39.08M | 28.36M | 35.66M | 55.28M | 45.25M |
| Investing Cash Flow | -209.60M | -171.99M | 195.17M | 334.69M | -218.10M | -340.67M |
| Financing Cash Flow | 151.50M | 220.91M | -116.69M | -385.32M | -139.40M | 442.73M |
Bank Of Marin Bancorp Technical Analysis
Positive
26.41
Price Trends
25.54
Positive
25.71
Positive
25.11
Positive
Market Momentum
0.11
Negative
58.38
Neutral
69.73
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 26.41 is above the 20-day moving average (MA) of 25.77, above the 50-day MA of 25.54, and above the 200-day MA of 25.11, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 69.73 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 Risk Analysis
Bank Of Marin Bancorp disclosed 27 risk factors in its most recent earnings report. Bank Of Marin Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bank Of Marin Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $426.83M | 9.07 | 15.41% | 1.63% | 10.47% | 36.72% | |
75 Outperform | $421.58M | 11.99 | 11.26% | 3.76% | -30.41% | -412.21% | |
75 Outperform | $529.14M | 7.87 | 10.21% | 2.96% | 4.52% | 19.77% | |
72 Outperform | $646.07M | 9.66 | 10.30% | 2.12% | 6.30% | 234.95% | |
72 Outperform | $499.49M | 8.80 | 12.67% | 3.03% | -0.15% | 20.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | $294.91M | 110.96 | 3.68% | ― | -10.96% | ― |
* Financial Sector Average
BMRC
Bank Of Marin Bancorp
26.25
5.87
28.81%
CWBC
Community West Bancshares
24.01
6.28
35.40%
CIVB
Civista Bancshares
25.82
3.87
17.62%
GCBC
Greene County Bancorp
25.25
3.25
14.80%
BSRR
Sierra Bancorp
38.44
11.49
42.66%
BRBS
Blue Ridge Bankshares
3.28
0.47
16.64%
Bank Of Marin Bancorp Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Bank of Marin Highlights Earnings Recovery and Dividend Declaration
Positive
Apr 27, 2026
Bank of Marin Bancorp reported first-quarter 2026 net income of $8.5 million, a sharp turnaround from a $39.5 million net loss in the fourth quarter of 2025 tied to balance sheet restructuring, and a 75% increase from $4.9 million a year earlier. ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Bank of Marin Schedules First-Quarter 2026 Earnings Webcast
Positive
Apr 2, 2026
On April 2, Bank of Marin Bancorp appointed First Vice President and Controller Susan Ramirez, a licensed CPA with prior senior finance roles at Summit Funding, Rabobank, N.A., and Mechanics Bank, to serve additionally as Principal Accounting Offi...
Business Operations and StrategyFinancial Disclosures
Bank of Marin Highlights Strategy at Investor Symposium
Positive
Mar 18, 2026
Bank of Marin Bancorp said President and CEO Tim Myers and Executive Vice President and CFO David Bonaccorso will represent the company at the Raymond James Northern California Bank Investor Symposium on March 19, 2026. A copy of their investor pr...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Bank of Marin Highlights Rebound and Strengthened Financial Position
Positive
Mar 11, 2026
On March 11, 2026, Bank of Marin Bancorp President and CEO Tim Myers and Executive Vice President and CFO David Bonaccorso were scheduled to present at the Stephens Virtual West Coast Bank Forum, with supporting materials made available online the...
Business Operations and StrategyFinancial Disclosures
Bank of Marin Highlights Q4 Performance at Investor Forum
Positive
Feb 24, 2026
Bank of Marin Bancorp said President and CEO Tim Myers and EVP and CFO David Bonaccorso will represent the company at the Piper Sandler Western Bank Forum on February 25-26, 2026, with an investor presentation posted online on February 24, 2026. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.