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Bank Of Marin Bancorp
(NASDAQ:BMRC)
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Rating:78Outperform
Price Target:
$33.00
▲(14.70% Upside)
Action:Reiterated
Date:07/27/26
BMRC scores well primarily on financial performance (profitability rebound, conservative leverage, and positive free cash flow) and attractive valuation (low P/E with a ~3.48% dividend yield). The latest earnings call supports the recovery narrative via NIM/loan-yield tailwinds and improved credit/capital, while technicals are supportive but less conclusive due to missing momentum indicators.
Positive Factors
Margin Expansion & Loan Yield Improvement
Sustained NIM expansion driven by higher-yielding loan originations and lower deposit costs supports structurally higher net interest income. Management cites a normalized NIM ~3.44–3.45% and ongoing loan-yield benefits, which bolster durable core earnings as balance sheet mix shifts to loans.
Negative Factors
Earnings and Revenue Volatility
A prior large loss and steep multi-year swings highlight earnings volatility that can undermine predictability of cash flows and capital planning. This uneven track record increases model risk for investors and may constrain willingness to commit to long-term initiatives during stress periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion & Loan Yield Improvement
Sustained NIM expansion driven by higher-yielding loan originations and lower deposit costs supports structurally higher net interest income. Management cites a normalized NIM ~3.44–3.45% and ongoing loan-yield benefits, which bolster durable core earnings as balance sheet mix shifts to loans.
Read all positive factors
Bank Of Marin Bancorp (BMRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$472.09M
Dividend Yield3.43%
Average Volume (3M)70.32K
Price to Earnings (P/E)7.2
Beta (1Y)0.83
Revenue Growth-20.46%
EPS Growth-308.00%
CountryUS
Employees311
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.07
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$31.80Price Target Upside10.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)2.26
Revenue Forecast (FY)$138.91M
Bank Of Marin Bancorp Business Overview & Revenue Model
Company Description
Bank of Marin Bancorp functions as the parent organization for Bank of Marin, a financial institution delivering diverse services. It caters principally to small and mid-sized enterprises, independent professionals, non-profit groups, and private ...
How the Company Makes Money
Bank of Marin Bancorp primarily makes money through its banking subsidiary by earning interest income and generating fee-based revenue. The largest driver is net interest income: the bank collects interest on loans (such as commercial and industri...
Bank Of Marin Bancorp Earnings Call Summary
Earnings Call Date:Jul 27, 2026
(Q2-2026)
| Next Earnings Date:Oct 26, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone: the company reported stronger profitability (net income and EPS nearly doubled YoY), meaningful margin expansion, higher loan yields and originations, improved credit metrics and stronger capital ratios. Offsetting items included modest quarter-end loan and deposit volatility, a decline in certain non-interest income items, continued investment-driven expenses, and competitive pricing pressures. Management emphasized disciplined balance sheet and deposit management, active use of one-way deposit sales to improve margins, and ongoing hiring to drive future loan growth. Overall, the positive operational and capital trends outweigh the manageable near-term challenges.Positive Updates
Strong Profitability and EPS Growth
Net income of $9.2 million (Q2 2026) and diluted EPS of $0.58, representing nearly a doubling of net income and EPS versus Q2 2025; net income up from $8.5 million in prior quarter (≈+8.2% q/q).
Negative Updates
Modest Decline in Period-End Loan Balances
Period-end loans declined modestly to $2.1 billion due primarily to elevated payoff activity, including a planned exit of a $19 million criticized relationship that offset positive production trends.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Profitability and EPS Growth
Net income of $9.2 million (Q2 2026) and diluted EPS of $0.58, representing nearly a doubling of net income and EPS versus Q2 2025; net income up from $8.5 million in prior quarter (≈+8.2% q/q).
Read all positive updates
Company Guidance
Management guided that non‑interest expense for H2 2026 should run near the H1 pace (Q3 salaries expected closer to Q2 than Q1), and signaled continued margin and yield tailwinds: June tax‑equivalent NIM was 3.51% (quarter NIM 3.38%; management cites a normalized NIM of ~3.44–3.45%), June loan yield 5.18%, yield on new funded loans 6.53% (payoff yield 5.86%), and they expect roughly a ~20‑basis‑point monthly loan‑yield benefit looking a year out; balance‑sheet actions (ongoing one‑way deposit sales, possible modest securities purchases in Q3 after no buys since January) should persist as they work down a large securities book (about $200M of expected payoffs over 12 months), capital remains strong (TCE 8.52%, total capital 15.58%, Tier‑1 leverage 8.66%, tangible book value $19.92), the Board declared a $0.25/share cash dividend, and ~ $24M of buyback authority remains though repurchases are not imminent.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 | 200.84M | 176.73M | 116.39M | 141.70M | 140.69M | 118.46M |
| Gross Profit | 166.82M | 134.46M | 64.46M | 102.73M | 138.52M | 117.50M |
| EBITDA | 82.39M | 53.75M | -11.39M | 29.48M | 66.84M | 47.76M |
| Net Income | 64.82M | 43.41M | -8.41M | 19.89M | 46.59M | 33.23M |
Balance Sheet | ||||||
| Total Assets | 3.86B | 3.90B | 3.70B | 3.80B | 4.15B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 247.19M | 273.04M | 30.55M | 46.66M | 1.52B |
| Total Debt | 23.49M | 69.31M | 21.66M | 75.20M | 251.08M | 25.85M |
| Total Liabilities | 3.46B | 3.51B | 3.27B | 3.36B | 3.74B | 3.86B |
| Stockholders Equity | 396.68M | 394.65M | 435.41M | 439.06M | 412.09M | 450.37M |
Cash Flow | ||||||
| Free Cash Flow | 26.08M | 37.26M | 27.84M | 33.91M | 53.01M | 44.21M |
| Operating Cash Flow | 26.78M | 39.08M | 28.36M | 35.66M | 55.28M | 45.25M |
| Investing Cash Flow | -233.69M | -171.99M | 195.17M | 334.69M | -218.10M | -340.67M |
| Financing Cash Flow | 214.69M | 220.91M | -116.69M | -385.32M | -139.40M | 442.73M |
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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $472.09M | 7.16 | 15.91% | 3.48% | -20.46% | -308.00% | |
76 Outperform | $603.96M | 10.76 | 10.05% | 2.45% | 4.88% | 6.47% | |
76 Outperform | $569.67M | 13.88 | 15.60% | 1.21% | 9.67% | 31.74% | |
73 Outperform | $533.11M | 11.85 | 12.38% | 2.44% | -1.11% | 17.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $679.17M | 13.46 | 7.90% | 1.92% | 12.91% | 33.31% | |
59 Neutral | $315.59M | 32.74 | 3.67% | ― | -10.97% | ― |
* Financial Sector Average
BMRC
Bank Of Marin Bancorp
29.50
8.07
37.68%
CWBC
Community West Bancshares
25.81
7.21
38.76%
CIVB
Civista Bancshares
29.09
10.30
54.79%
GCBC
Greene County Bancorp
34.63
11.50
49.69%
BSRR
Sierra Bancorp
40.49
12.72
45.83%
BRBS
Blue Ridge Bankshares
3.65
0.84
29.80%
Bank Of Marin Bancorp Corporate Events
DividendsFinancial Disclosures
Bank of Marin Bancorp Posts Strong Q2 2026 Results
Positive
Jul 27, 2026
On July 27, 2026, Bank of Marin Bancorp reported improved second-quarter 2026 results, with net income rising to $9.2 million from $8.5 million in the first quarter and a prior-year loss, and diluted earnings per share increasing to $0.58 from $0....
Business Operations and StrategyFinancial Disclosures
Bank of Marin Bancorp schedules Q2 2026 earnings webcast
Neutral
Jul 2, 2026
Bank of Marin Bancorp announced it will present its fiscal second quarter 2026 earnings call via webcast on Monday, July 27, 2026, at 8:30 a.m. PT/11:30 a.m. ET, following the release of results earlier that day. President and Chief Executive Offi...
Executive/Board ChangesShareholder Meetings
Bank of Marin Shareholders Reaffirm Board and Governance Leadership
Positive
Jun 1, 2026
At its May 27, 2026 annual meeting of shareholders, Bank of Marin Bancorp’s investors elected ten directors to serve until the next annual meeting, with all nominees receiving sufficient support despite varying levels of withheld votes. Shar...
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.