---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-24-000016"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:28:13.732996+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin Q1 EPS $0.18 vs $0.04 prior quarter; net interest margin stabilizes at 2.50%

## Summary
- Net income $2.9M ($0.18 diluted EPS) vs $0.6M ($0.04) prior quarter and $9.4M ($0.59) year ago.
- Net interest margin (tax-equivalent) 2.50%, down slightly from 2.53% prior quarter; average cost of deposits up 23 bps to 1.38%.
- Non-accrual loans declined to 0.31% of loans from 0.39%; classified loans increased to 2.67% from 1.56%.
- Total borrowings reduced to zero from $26M; non-interest bearing deposits improved to 44.0% of total deposits.
- Board declared $0.25/share dividend payable May 16, 2024 to holders of record May 9, 2024.

## SEC filing metadata
- accession: 0001403475-24-000016
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2024-04-29T23:59:59+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/1403475/000140347524000016/0001403475-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000016/bmrc-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-24-000016
- JSON: https://secwatch.observer/filing/0001403475-24-000016.json
- Plain text: https://secwatch.observer/filing/0001403475-24-000016.txt

## Key facts
- Earnings Releases
  Bank of Marin Bancorp reported the first quarter of 2024 results: net income earnings of $2.9 million, EPS Diluted earnings per share were $0.18 for the first quarter.
  - Period: the first quarter of 2024
  - Net income: earnings of $2.9 million
  - EPS: Diluted earnings per share were $0.18 for the first quarter
  - Result: reported results
  source text: Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $2.9 million for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347524000016/0001403475-24-000016-index.htm

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