secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001403475-24-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Marin posts Q3 net income of $4.6M vs Q2 loss of $21.9M; NIM expands to 2.70%
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- Diluted EPS of $0.28, compared to $(1.36) in Q2 2024; YTD 2024 net loss of $14.4M vs income $19.3M in 2023.
- Tax-equivalent net interest margin rose 18 bps to 2.70%; no provision for credit losses on loans.
- Total deposits grew $95.5M to $3.309B; non-interest bearing deposits 44.5%; repurchased 220K shares for $4.2M.
- Classified loans decreased to 2.51% of total loans; accrued $615K for PAGA class action settlement.
- Declared $0.25/share dividend payable Nov 14, 2024, to holders of record Nov 7, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347524000050/0001403475-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347524000050/bmrc-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001403475-24-000050

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