Bank of Marin Bancorp functions as the parent organization for Bank of Marin, a financial institution delivering diverse services. It caters principally ...
Bank of Marin Bancorp, headquartered in Novato, California, is a financial holding company that operates through its wholly-owned subsidiary, Bank of Marin. Founded in 1989 and commencing operations in 1990, the bank has grown into a prominent community bank with a strong presence in Northern California. As of the latest ...Bank of Marin Bancorp, headquartered in Novato, California, is a financial holding company that operates through its wholly-owned subsidiary, Bank of Marin. Founded in 1989 and commencing operations in 1990, the bank has grown into a prominent community bank with a strong presence in Northern California. As of the latest data, the company employs approximately 311 full-time staff and has a market capitalization of around $459 million. The bank's core business focuses on serving small to mid-sized enterprises, independent professionals, non-profit organizations, and private clients across California. Its product suite includes a wide array of deposit accounts such as personal and business checking, savings, individual retirement accounts (IRAs), health savings accounts (HSAs), and specialized marketplace accounts. In lending, the bank offers commercial real estate loans, commercial and industrial financing, consumer loans, construction funding, and home equity lines of credit. Additionally, it provides business services like merchant and payroll processing, cash management, credit card solutions, and fraud detection tools. Digital banking capabilities include mobile and remote deposit capture, ACH transfers, wire services, and lockbox functions. Furthermore, the bank's wealth management and trust division delivers investment portfolio management, financial planning, trust administration, estate settlement, and 401(k) plan administration. The bank operates a network of twelve branches across Marin and southern Sonoma counties, plus a loan production office in San Francisco. Financially, the company has shown robust profitability with a return on equity of 15.9% and a net profit margin of 32.3% (TTM). Its revenue per share stands at $12.59, and it maintains a strong balance sheet with a current ratio of 64.8, indicating high liquidity. The bank generated substantial free cash flow of $38.7 million in the trailing twelve months. Under the leadership of CEO Timothy D. Myers, the bank emphasizes relationship-based banking and community engagement. The bank's stock trades on NASDAQ under the ticker BMRC, and it has a dividend yield of approximately 3.5%, demonstrating a commitment to returning value to shareholders. With a strong focus on serving the local community, Bank of Marin continues to play a vital role in the economic development of the regions it serves.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$176.7M
+51.8%
-26.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$43.4M
+616.2%
+8.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+76.1%
+37.4%
+36.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+29.2%
+345.7%
+48.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+24.6%
+439.9%
+47.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$37.3M
+33.8%
+1312.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+21.1%
-11.9%
+1822.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
17.6%
+253.0%
-4.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
473.15x
+557925.4%
+1.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Krissy Meyer : Good morning, and thank you for joining Bank of Marin Bancorp's earnings call for the second quarter ended June 30, 2026. I'm Krissy Meyer, Corporate Secretary for Bank of Marin Bancorp. Joining us on the call today are Bank of Marin President and CEO, Tim Myers; and Chief Financial Officer, Dave Bonaccorso. Our earnings news release and supplementary presentation, which were issued this morning, can be found in the Investor Relations section of our website at bankofmarin.com, where this call is also being webcast. Closed captioning is available during the live webcast as well as on the webcast replay. Before we get started, I want to note that we will be discussing some non-GAAP financial measures. Please refer to the reconciliation table in our earnings news release for both GAAP and non-GAAP measures. Additionally, the discussion on the call is based on information we knew as of Friday, July 24, 2026, and may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those set forth in such statements. For a discussion on these risks and uncertainties, please review the forward-looking statements disclosure in our earnings news release as well as our SEC filings. Following our prepared remarks, Tim, Dave and our Chief Credit Officer, Misako Stewart, will be available to answer your questions. And now I'd like to turn the call over to Tim Myers.
Timothy Myers : Thank you, Krissy. Good morning, everyone, and welcome to our quarterly earnings call. Our second quarter results reflected another quarter of improving financial performance, increasing profitability and enhanced earnings power for Bank of Marin Bancorp. We expanded net interest margin, reduced funding costs, improved operating profitability, further reduced credit risk and strengthened capital, all while continuing to build the client relationships and platform that support long-term sustainable growth. As a result of our efforts, net income and earnings per share nearly doubled compared to the second quarter of 2025. Our tax equivalent net interest margin expanded 14 basis points to 3.38%, reflecting improved loan yields, targeted deposit rate cuts and disciplined balance sheet management. These results demonstrate that the platform we have been building is translating into improved profitability and increasing operating leverage. We are now focused on translating improving loan production, relationship growth, disciplined deposit management and continued proactive credit management into durable earnings power over time. During the quarter, we originated $98 million in new loan commitments, of which $63 million funded, a 23% increase over the prior-year's period. This reflects the continued efforts of our commercial banking team and our focus on relationship-driven growth across existing and newer markets, including the Greater Sacramento area. To support this momentum, we continue to invest in talent in key …