{"schema_version":"secwatch.filing_event.v1","accession":"0001403475-24-000004","form_type":"8-K","ticker":"BMRC","cik":"0001403475","company_name":"Bank of Marin Bancorp","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.071651+00:00","generated_at":"2026-06-06T15:49:10.266155+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bank of Marin Q4 2023 EPS $0.04 vs $0.33 prior; restructures with $131.9M securities sale","bullets":["Q4 net income $610K ($0.04 diluted EPS) down from $5.3M ($0.33) in Q3; full-year 2023 earnings $19.9M vs $46.6M in 2022.","Sold $131.9M of AFS securities for $5.9M pretax loss; proceeds used to pay down borrowings and fund loans.","Provision for credit losses on loans rose to $1.3M; ACL ratio 1.21% vs 1.16% prior quarter; non-accrual loans 0.39% of loans.","Deposits declined $153.6M to $3.29B; borrowings reduced $94.0M to $26.0M; net interest margin improved 5 bps to 2.53%.","Board declared $0.25/share dividend, payable Feb 15 to holders of record Feb 8; 75th consecutive quarterly dividend."],"urls":{"canonical":"https://secwatch.observer/filing/0001403475-24-000004","json":"https://secwatch.observer/filing/0001403475-24-000004.json","markdown":"https://secwatch.observer/filing/0001403475-24-000004.md","text":"https://secwatch.observer/filing/0001403475-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1403475/000140347524000004/0001403475-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1403475/000140347524000004/brmc-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:49:10.266155+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1bf0afca56d0b5cf6f5eb2a3c919200580f464db","claim":"Bank of Marin Bancorp reported fourth quarter and year ended December 31, 2023 results: net income $610 thousand, EPS $0.04.","evidence_excerpt":"Bank of Marin Bancorp, \"Bancorp\" (Nasdaq: BMRC), parent company of Bank of Marin, \"Bank,\" today announced earnings of $610 thousand for the fourth quarter of 2023, compared to $5.3 million for the third quarter of 2023. Diluted earnings per share were $0.04 for the fourth quarter of 2023, compared to $0.33 for the prior quarter. Full year 2023 earnings were $19.9 million, compared to $46.6 million for 2022. Diluted earnings per share were $1.24 and $2.92 for the years ended December 31, 2023 and December 31, 2022, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1403475/000140347524000004/0001403475-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2023"},{"label":"Net income","value":"$610 thousand"},{"label":"EPS","value":"$0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}