Bank of Marin Q3 net income $5.3M, EPS $0.33; deposits up $118.5M, non-accrual loans rise

Bank of Marin Bancorp

2023-Q3 EPS reported $1.20

Net income $5.3M ($0.33 diluted) vs $4.6M ($0.28) in Q2; nine-month 2023 net income $19.3M vs $33.7M in 2022.
Total deposits grew $118.5M to $3.44B; non-interest bearing deposits stable at 47.7%; borrowings cut $172.2M to $120M.
Non-accrual loans increased to 0.27% of total loans (0.10% prior quarter); provision for credit losses $425K.
Tax-equivalent net interest margin expanded 3 bps to 2.48%; loan balances decreased $15.9M to $2.087B.
Board declared $0.25/share dividend (74th consecutive quarterly), payable Nov 10, 2023; all capital ratios well above well-capitalized thresholds.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bank of Marin Bancorp reported the first nine months of 2023 results: net income $19.3 million, EPS $1.20.

Period: the first nine months of 2023
Net income: $19.3 million
EPS: $1.20
Result: reported results

Exact text from the filing

Earnings for the first nine months of 2023 totaled $19.3 million, compared to $33.7 million for the same period in 2022. Diluted earnings per share were $1.20 and $2.11 for the first nine months of 2023 and 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bank of Marin Bancorp reported the third quarter of 2023 results: net income $5.3 million, EPS $0.33.

Period: the third quarter of 2023
Net income: $5.3 million
EPS: $0.33
Result: reported results

Exact text from the filing

announced earnings of $5.3 million for the third quarter of 2023, compared to $4.6 million for the second quarter of 2023. Diluted earnings per share were $0.33 for the third quarter

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Bank of Marin Bancorp filing history →

Source: SEC EDGAR

accession 0001403475-23-000054

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