---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-23-000005"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:36:57.779853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin Bancorp reports record Q4 earnings of $12.9M; plans four branch closures

## Summary
- Q4 2022 net income $12.9M ($0.81 diluted EPS) vs $12.2M ($0.76) in Q3 2022.
- Full-year 2022 net income $46.6M ($2.92 diluted EPS); non-GAAP $2.96.
- Deposits declined $329M to $3.573B; loans fell to $2.093B due to elevated payoffs.
- Credit quality improved: non-accrual loans dropped 77% to 0.12% of total loans.
- Four branches to close in March 2023; pre-tax savings of ~$470K in 2023, $1.4M annually thereafter.

## SEC filing metadata
- accession: 0001403475-23-000005
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000005/0001403475-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000005/brmc-20230123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-23-000005
- JSON: https://secwatch.observer/filing/0001403475-23-000005.json
- Plain text: https://secwatch.observer/filing/0001403475-23-000005.txt

## Key facts
- Earnings Releases
  Bank of Marin Bancorp reported the year ended December 31, 2022 results: net income $46.6 million, EPS $2.92.
  - Period: the year ended December 31, 2022
  - Net income: $46.6 million
  - EPS: $2.92
  - Result: reported results
  source text: Annual earnings were $46.6 million in 2022, compared to $33.2 million in 2021. Diluted earnings per share were $2.92 for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000005/0001403475-23-000005-index.htm
- Earnings Releases
  Bank of Marin Bancorp reported the fourth quarter of 2022 results: net income $12.9 million, EPS $0.81.
  - Period: the fourth quarter of 2022
  - Net income: $12.9 million
  - EPS: $0.81
  - Result: reported results
  source text: announced earnings of $12.9 million in the fourth quarter of 2022, compared to $12.2 million in the third quarter of 2022. Diluted earnings per share were $0.81 in the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000005/0001403475-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.