---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-25-000077"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:24:10.027296+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin completes balance sheet repositioning with $45M sub notes; expects $0.37 EPS boost

## Summary
- Issued $45M of 6.75% Fixed-to-Floating Subordinated Notes due 2035 rated BBB- by KBRA.
- Sold $595M book value of HTM securities at $69.5M pre-tax loss; reinvesting at ~4.15% yield.
- Expects $8.3M incremental pre-tax income and $0.37 annual EPS increase (29.56% tax rate).
- Negative equity adjustment of ~$59M after-tax from HTM transfer to AFS; regulatory capital only hit by realized losses.
- KBRA assigned investment grade: BBB- sub debt, BBB+ deposits.

## SEC filing metadata
- accession: 0001403475-25-000077
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/0001403475-25-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/bmrc-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-25-000077
- JSON: https://secwatch.observer/filing/0001403475-25-000077.json
- Plain text: https://secwatch.observer/filing/0001403475-25-000077.txt

## Key facts
- Debt Financings
  Bank of Marin Bancorp incurred senior notes of $45 million at 6.750% per annum maturing December 1, 2035.
  - Instrument: senior notes
  - Principal: $45 million
  - Rate: 6.750% per annum
  - Maturity: December 1, 2035
  - Event: incurrence
  source text: the Company issued and sold $45 million in aggregate principal amount of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000077/0001403475-25-000077-index.htm

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