earnings
confidence high
sentiment negative
materiality 0.70
Bank of Marin posts Q2 net loss of $8.5M ($0.53/sh) on $18.7M securities repositioning
Bank of Marin Bancorp
2025-Q2 EPS reported
-$0.23
- Net loss of $8.5M ($0.53 diluted loss per share) vs $4.9M income ($0.30 EPS) in Q1.
- Sold $185.8M AFS securities, booked $18.7M pre-tax loss; proceeds redeployed expected to add 13bp annualized NIM and $0.20 EPS accretion over 4 quarters.
- Tax-equivalent NIM expanded 7bps to 2.93% on higher loan yields; cost of deposits down 1bp to 1.28%.
- Board approved $0.25/share quarterly dividend payable Aug 14 to record Aug 7; repurchased 100,000 shares at avg $21.72 for $2.2M.
- No provision for credit losses in Q2 (vs $75k in Q1); non-accrual loans decreased to 1.57% of total loans.
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