secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001403475-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Marin Q2 net income $4.6M ($0.28 EPS) vs $9.4M ($0.59 EPS) in Q1; deposits up 2%
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- Net income fell to $4.6M from $9.4M QoQ; EPS $0.28 vs $0.59; NIM declined 59bp to 2.45%.
- Total deposits grew $74.6M to $3.325B; non-interest bearing deposits 47.8% of total.
- Board declared $0.25 dividend payable Aug 11 to holders of record Aug 4.
- New $25M share repurchase program authorized through July 31, 2025.
- Loan balances decreased $9.5M to $2.103B; classified loans 1.81% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347523000035/0001403475-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347523000035/bmrc-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001403475-23-000035

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