secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001403475-25-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Marin posts Q2 net loss of $8.5M ($0.53/sh) on $18.7M securities repositioning
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347525000051/0001403475-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347525000051/bmrc-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001403475-25-000051

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