Bank Of Marin Bancorp (BMRC) AI Stock Analysis

• Market Cap: $393.30M
• Dividend Yield: 4.07%
• Average Volume (3M): 97.60K
• Price to Earnings (P/E): 56.6
• Beta (1Y): 0.90
• Revenue Growth: 23.26%
• EPS Growth: N/A
• Country: US
• Employees: 291
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): -0.53
• Shares Outstanding: 16,125,301
• 10 Day Avg. Volume: 90,095
• 30 Day Avg. Volume: 97,600
• 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: 1.17
• Enterprise Value/Gross Profit: 1.95
• Enterprise Value/Ebitda: 11.53
• 1Y Price Target: $26.25
• Price Target Upside: 6.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 63 Neutral
• Price Target: $26.00 ▲(5.69% Upside)

Bank Of Marin Bancorp's overall score reflects moderate financial health with positive cash flows but declining profitability. Technical indicators are favorable, suggesting potential for stock price appreciation. However, the high P/E ratio indicates possible overvaluation, and recent earnings call highlights mixed results with both positive and negative aspects.

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 (BMRC) is a bank holding company based in Marin County, California, primarily engaged in providing a wide range of banking services through its wholly-owned subsidiary, Bank of Marin. The bank serves individuals, businesses, and non-profit organizations, offering products such as personal and business loans, deposit accounts, and wealth management services. With a focus on community banking, BMRC operates multiple branches in the San Francisco Bay Area, emphasizing personalized customer service and local economic support.

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 demonstrates moderate financial health with positive cash flows and liquidity management. 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	134.52M	116.39M	141.70M	140.69M	118.46M	108.19M
Gross Profit	80.42M	64.46M	102.73M	138.52M	117.50M	99.05M
EBITDA	13.63M	-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	24.94M	27.84M	33.91M	53.01M	44.21M	39.86M
Operating Cash Flow	25.52M	28.36M	35.66M	55.28M	45.25M	40.84M
Investing Cash Flow	-68.65M	195.17M	334.69M	-218.10M	-340.67M	-173.44M
Financing Cash Flow	71.64M	-116.69M	-385.32M	-139.40M	442.73M	149.53M

Bank Of Marin Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 24.6 is above the 20-day moving average (MA) of 22.92, above the 50-day MA of 23.40, and above the 200-day MA of 22.77, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 65.18 is Neutral, neither overbought nor oversold. The STOCH value of 89.02 is Negative, 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	$418.74M	11.01	9.40%	1.43%	11.18%	24.61%
BSVN	75 Outperform	$467.35M	10.64	20.97%	1.94%	-2.96%	37.09%
RRBI	72 Outperform	$434.65M	11.48	12.02%	0.63%	9.09%	23.58%
CARE	71 Outperform	$439.57M	14.32	8.06%	―	9.18%	153.68%
Sector *	68 Neutral	$17.89B	12.03	10.28%	3.73%	9.80%	1.66%
BMRC	63 Neutral	$393.30M	56.58	1.58%	4.07%	23.26%	―
MSBI	60 Neutral	$398.62M	10.95	-16.46%	6.79%	14.49%	-379.97%

Bank Of Marin Bancorp Corporate Events

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.