---
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"
generated_at: "2026-06-06T15:49:10.266155+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin Q4 2023 EPS $0.04 vs $0.33 prior; restructures with $131.9M securities sale

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-24-000004
- JSON: https://secwatch.observer/filing/0001403475-24-000004.json
- Plain text: https://secwatch.observer/filing/0001403475-24-000004.txt

## Key facts
- Earnings Releases
  Bank of Marin Bancorp reported fourth quarter and year ended December 31, 2023 results: net income $610 thousand, EPS $0.04.
  - Period: fourth quarter and year ended December 31, 2023
  - Net income: $610 thousand
  - EPS: $0.04
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000004/0001403475-24-000004-index.htm

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