other material
confidence high
sentiment neutral
materiality 0.55
Bank of Marin presents Q3 2024 highlights at Stephens Investor Day
Bank of Marin Bancorp
- Q3 net interest margin improved to 2.70% from 2.52% after balance sheet restructuring.
- Total risk-based capital 16.4%; tangible common equity / tangible assets 9.7%.
- Book value per share $27.17; tangible book value $22.46; repurchased 220K shares for $4.2M.
- Non-accrual loans rose to 1.91% of total loans due to $8.1M relationship; no loss anticipated.
- Deposits increased 3.0%; non-interest bearing deposits at 44.5%; uninsured deposits estimated at 28%.