Bank Of Marin Bancorp (BMRC)
NASDAQ:BMRC
Top Page
Bank Of Marin Bancorp
(NASDAQ:BMRC)
Select Model
Select Model
Rating:67Neutral
Price Target:
$28.00
▲(4.71% Upside)
Action:ReiteratedDate:04/03/26
BMRC scores well overall due to a clear 2025 financial rebound backed by positive cash generation and constructive earnings-call guidance on margin/EPS improvement. The score is held back by recent earnings volatility (including a loss year and the large securities-loss impact) and a mixed technical picture despite supportive valuation and dividend yield.
Positive Factors
Strong loan originations & growing pipeline
Sustained, heavy commercial origination and a pipeline ~30% higher y/y provide a durable core revenue driver. High-quality, diversified commercial production reduces reliance on volatile trading/securities income and supports net interest income and fee opportunities over the next 2–6 months.
Negative Factors
Large realized securities loss impacted GAAP earnings
A sizable one-time securities loss materially depressed reported earnings and created volatility in results. Even if strategic, such realized losses can weigh on investor confidence, complicate comparability and leave lingering pressure on regulatory optics and internal performance metrics for several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong loan originations & growing pipeline
Sustained, heavy commercial origination and a pipeline ~30% higher y/y provide a durable core revenue driver. High-quality, diversified commercial production reduces reliance on volatile trading/securities income and supports net interest income and fee opportunities over the next 2–6 months.
Read all positive factors
Bank Of Marin Bancorp (BMRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$431.22M
Dividend Yield3.76%
Average Volume (3M)70.32K
Price to Earnings (P/E)9.5
Beta (1Y)0.83
Revenue Growth23.93%
EPS GrowthN/A
CountryUS
Employees291
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-2.49
Shares Outstanding16,126,486
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 Ratio11.19
Enterprise Value/Market Cap0.64
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit2.05
Enterprise Value/Ebitda5.12
Forecast
1Y Price Target
$30.00Price Target Upside12.19% Upside
Rating ConsensusModerate Buy
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:Jan 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 27, 2026
Earnings Call Sentiment Positive
The call described strong underlying operating momentum: robust loan origination (one of the best quarters in a decade), significant year-over-year origination growth (79%), improved asset quality (classified loans down 35% QoQ, non-accruals down 14% QoQ), deposit growth with lower deposit costs, rising net interest income, and a larger pipeline. These operational improvements were offset in the quarter by a large, one-time $69 million securities loss that produced a GAAP net loss of $39.5 million and pressured capital ratios. Management positioned the loss as strategic — completed a balance sheet repositioning that is expected to deliver ~25 bps of NIM lift and ~$0.40 of EPS accretion over 12 months, and replenished capital with subordinated debt to avoid equity dilution. Given the recurring-strength in loans, deposits, margins and reserves versus a single material one-time hit, the overall tone is constructive but tempered by the near-term accounting and capital effects.Positive Updates
Strong Quarterly Loan Originations
Total loan originations of $141 million in Q4 with $106 million funded; over 90% of originations were commercial. Management called this one of the strongest quarters in the past decade.
Negative Updates
Large One-Time Securities Loss and GAAP Net Loss
Recorded a $69 million loss on securities sales related to the portfolio repositioning, which drove a GAAP net loss of $39.5 million in Q4 (loss of $2.49 per share).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly Loan Originations
Total loan originations of $141 million in Q4 with $106 million funded; over 90% of originations were commercial. Management called this one of the strongest quarters in the past decade.
Read all positive updates
Company Guidance
Guidance: management expects the Q4 balance‑sheet repositioning to drive roughly $0.40 of EPS accretion and ~25 bps of NIM lift on a 12‑month basis (adjusted NIM moved from ~3.12% to ~3.42% in Q4, a ~30 bp quarterly expansion) and already saw net interest income of $31.2M; they plan targeted deposit cost reductions as markets price in 25–50 bps of Fed easing in 2026 (deposit costs fell ~10 bps in Q4; Dec. interest‑bearing cost ~2.08%, total deposit cost ~1.17%). Loan and deposit growth guidance calls for “solid” loan growth in 2026 (Q4 originations $141M / $106M funded; FY originations $374M / $274M funded, +79% y/y; pipeline ~30% higher y/y) while accepting seasonal H1 outflows, continued deposit growth, and modest provisions given improving credit (classified loans down 35% q/q to 1.5%; non‑accruals down 14% to 1.3%; ACL 1.42% of loans). They noted near‑term expense seasonality (Q1 payroll/benefit accruals and charitable giving), plan selective investments that may push expense above the 4.5% 2025 run‑rate, and will maintain capital and return capital (cash dividend $0.25 declared) after absorbing a $69M securities loss that produced a Q4 GAAP net loss of $39.5M ($2.49/sh) but non‑GAAP net income of $9.4M ($0.59/sh); pre‑tax, pre‑provision income rose 31% q/q and 51% y/y.Bank Of Marin Bancorp Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 176.73M | 116.39M | 141.70M | 140.69M | 118.46M |
| Gross Profit | 134.46M | 64.46M | 102.73M | 138.52M | 117.50M |
| EBITDA | 53.75M | -11.39M | 29.48M | 66.84M | 47.76M |
| Net Income | 43.41M | -8.41M | 19.89M | 46.59M | 33.23M |
Balance Sheet | |||||
| Total Assets | 3.90B | 3.70B | 3.80B | 4.15B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 247.19M | 273.04M | 30.55M | 46.66M | 1.52B |
| Total Debt | 69.31M | 21.66M | 75.20M | 251.08M | 25.85M |
| Total Liabilities | 3.51B | 3.27B | 3.36B | 3.74B | 3.86B |
| Stockholders Equity | 394.65M | 435.41M | 439.06M | 412.09M | 450.37M |
Cash Flow | |||||
| Free Cash Flow | 36.95M | 27.84M | 33.91M | 53.01M | 44.21M |
| Operating Cash Flow | 39.08M | 28.36M | 35.66M | 55.28M | 45.25M |
| Investing Cash Flow | -171.99M | 195.17M | 334.69M | -218.10M | -340.67M |
| Financing Cash Flow | 220.91M | -116.69M | -385.32M | -139.40M | 442.73M |
Bank Of Marin Bancorp Technical Analysis
Positive
26.74
Price Trends
25.79
Positive
26.10
Positive
24.93
Positive
Market Momentum
0.40
Negative
65.13
Neutral
82.03
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 26.74 is above the 20-day moving average (MA) of 25.26, above the 50-day MA of 25.79, and above the 200-day MA of 24.93, indicating a bullish trend. The MACD of 0.40 indicates Negative momentum. The RSI at 65.13 is Neutral, neither overbought nor oversold. The STOCH value of 82.03 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 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $396.73M | 9.19 | 15.00% | 1.63% | 13.16% | 37.40% | |
70 Outperform | $644.83M | 9.59 | 9.79% | 2.12% | 32.03% | 170.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $431.22M | 9.53 | 2.24% | 3.76% | 23.93% | ― | |
64 Neutral | $498.68M | 9.14 | 10.02% | 2.96% | 3.49% | 33.86% | |
64 Neutral | $477.62M | 8.40 | 11.07% | 3.03% | -0.65% | 14.14% | |
49 Neutral | $381.80M | 26.69 | 3.15% | ― | -15.07% | ― |
* Financial Sector Average
BMRC
Bank Of Marin Bancorp
26.74
7.64
39.98%
CWBC
Community West Bancshares
23.91
8.56
55.72%
CIVB
Civista Bancshares
24.05
5.72
31.20%
GCBC
Greene County Bancorp
23.30
2.47
11.87%
BSRR
Sierra Bancorp
36.22
12.38
51.90%
BRBS
Blue Ridge Bankshares
4.18
1.25
42.66%
Bank Of Marin Bancorp Corporate Events
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...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Bank of Marin Bancorp Highlights Strategy at 2026 CEO Forum
Positive
Feb 3, 2026
Bank of Marin Bancorp reported that its leadership team, including President and CEO Tim Myers and EVP/CFO David Bonaccorso, will present at the Janney Montgomery Scott 2026 CEO Forum on February 4–5, 2026, with supporting materials made ava...
Business Operations and StrategyDividendsFinancial Disclosures
Bank of Marin Posts GAAP Loss but Strong Core Earnings
Negative
Jan 26, 2026
On January 26, 2026, Bank of Marin Bancorp reported that balance sheet repositioning, strong fourth-quarter 2025 loan originations and deposit growth drove higher net interest margin and improved asset quality, even as realized losses on securitie...
Business Operations and StrategyDelistings and Listing Changes
Bank of Marin Bancorp Upgrades to Nasdaq Global Select
Positive
Jan 12, 2026
Bank of Marin Bancorp, a banking and financial services company listed on Nasdaq, focuses on serving customers through its publicly traded common stock. The company announced that it received approval to transfer its common stock listing from the ...
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.