Headquartered in Novato, CA Fiscal year ends December NASDAQ: BMRC bankofmarin.com
Bank of Marin Bancorp (Nasdaq: BMRC) is the parent company of Bank of Marin, a community bank founded in 1990 providing commercial and personal banking, specialty lending, and wealth management and trust services through a network of 27 branches and eight commercial banking offices serving Northern California. With approximately $3.9 billion in total assets, the bank focuses on relationship-driven commercial banking with a well-diversified loan portfolio concentrated in commercial real estate (both owner-occupied and non-owner occupied), commercial and industrial loans, and consumer lending. The bank maintains a strong core deposit franchise, ranked the nation's No. 2 community bank deposit franchise by S&P Global Market Intelligence, and is the largest community bank in Marin County with 11.21% deposit market share. Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and the Nasdaq ABA Community Bank Index. Updated
Margin is carrying this bank: net interest margin widened 10 basis points to 3.48%, lifting earnings past consensus even with revenue fractionally short. The catch is credit, with classified loans jumping to 1.63% of total loans from 0.95% on a single $14.1 million owner-occupied CRE downgrade.
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Bank of Marin Bancorp (Nasdaq: BMRC) is the parent company of Bank of Marin, a community bank founded in 1990 providing commercial and personal banking, specialty lending, and wealth management and trust services through a network of 27 branches and eight commercial banking offices serving Northern California.
The Wall Street consensus 12-month price target for BMRC is $32.20.
