---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-23-000054"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:27:01.551820+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001403475-23-000054
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1403475/000140347523000054/0001403475-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000054/bmrc-20231020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-23-000054
- JSON: https://secwatch.observer/filing/0001403475-23-000054.json
- Plain text: https://secwatch.observer/filing/0001403475-23-000054.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000054/0001403475-23-000054-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000054/0001403475-23-000054-index.htm

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