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Bank of Marin Bancorp (BMRC) Financials

Bank of Marin Bancorp logo
$24.53 +0.17 (+0.71%)
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Annual Income Statements for Bank of Marin Bancorp

Annual Income Statements for Bank of Marin Bancorp

This table shows Bank of Marin Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 47 20 -8.41
Consolidated Net Income / (Loss)		 47 20 -8.41
Net Income / (Loss) Continuing Operations		 47 20 -8.41
Total Pre-Tax Income 		64 26 -14
Total Revenue		 138 108 73
Net Interest Income / (Expense)		 127 103 95
Total Interest Income		 130 139 141
Loans and Leases Interest Income		 94 99 101
Investment Securities Interest Income		 35 39 33
Federal Funds Sold and Securities Borrowed Interest Income		 1.41 2.33 6.71
Total Interest Expense		 2.55 37 47
Deposits Interest Expense		 2.46 25 46
Long-Term Debt Interest Expense		 0.09 12 0.24
Total Non-Interest Income		 11 4.99 -21
Other Service Charges		 8.68 7.82 7.99
Net Realized & Unrealized Capital Gains on Investments		 -0.06 -5.89 -33
Other Non-Interest Income		 2.29 3.07 3.19
Provision for Credit Losses		 -0.38 2.23 5.32
Total Non-Interest Expense		 75 79 82
Salaries and Employee Benefits		 42 43 45
Net Occupancy & Equipment Expense		 10 9.88 9.93
Property & Liability Insurance Claims		 1.18 1.88 1.86
Other Operating Expenses		 19 21 23
Depreciation Expense		 1.84 2.10 1.47
Amortization Expense		 1.49 1.35 0.98
Income Tax Expense		 17 6.14 -5.43
Basic Earnings per Share		 $2.93 $1.24 ($0.52)
Weighted Average Basic Shares Outstanding		 15.92M 16.01M 16.04M
Diluted Earnings per Share		 $2.92 $1.24 ($0.52)
Weighted Average Diluted Shares Outstanding		 15.97M 16.03M 16.04M
Weighted Average Basic & Diluted Shares Outstanding		 16.06M 16.19M 16.12M
Cash Dividends to Common per Share		 $0.98 $1.00 $1.00

Quarterly Income Statements for Bank of Marin Bancorp

This table shows Bank of Marin Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 12 13 9.44 4.55 5.30 0.61 2.92 -22 4.57 6.00
Consolidated Net Income / (Loss)		 12 13 9.44 4.55 5.30 0.61 2.92 -22 4.57 6.00
Net Income / (Loss) Continuing Operations		 12 13 9.44 4.55 5.30 0.61 2.92 -22 4.57 6.00
Total Pre-Tax Income 		17 18 13 5.87 6.90 0.39 3.93 -34 6.97 9.65
Total Revenue		 36 36 33 27 27 21 25 -7.29 27 28
Net Interest Income / (Expense)		 33 33 30 24 24 24 23 22 24 25
Total Interest Income		 34 34 34 35 35 35 34 34 36 36
Loans and Leases Interest Income		 23 24 24 25 25 25 25 25 25 26
Investment Securities Interest Income		 9.67 10 10 9.99 9.35 9.29 8.81 8.30 7.59 8.38
Federal Funds Sold and Securities Borrowed Interest Income		 0.55 0.58 0.06 0.05 1.06 1.17 0.32 0.92 3.24 2.23
Total Interest Expense		 0.55 0.83 4.45 10 11 11 11 12 12 11
Deposits Interest Expense		 0.55 0.74 1.73 5.62 8.04 9.78 11 12 12 11
Long-Term Debt Interest Expense		 0.00 0.09 2.72 4.87 2.59 1.38 0.09 0.15 0.00 0.00
Total Non-Interest Income		 2.72 2.59 2.94 2.74 2.60 -3.28 2.75 -30 2.89 2.75
Other Service Charges		 2.31 1.99 1.93 2.09 1.89 1.91 1.94 2.00 2.10 1.95
Other Non-Interest Income		 0.47 0.59 1.01 0.65 0.70 0.71 0.81 0.79 0.79 0.80
Total Non-Interest Expense		 19 18 20 21 20 19 21 22 20 18
Salaries and Employee Benefits		 11 9.60 11 11 11 10 12 12 11 9.41
Net Occupancy & Equipment Expense		 2.51 2.76 2.78 2.34 2.38 2.37 2.37 2.50 2.50 2.56
Property & Liability Insurance Claims		 0.30 0.29 0.29 0.67 0.47 0.45 0.44 0.43 0.58 0.42
Other Operating Expenses		 4.52 4.71 4.55 5.51 5.40 5.38 5.64 5.98 5.91 5.37
Depreciation Expense		 0.41 0.58 0.88 0.40 0.42 0.39 0.39 0.38 0.36 0.34
Amortization Expense		 0.37 0.37 0.35 0.34 0.34 0.33 0.25 0.25 0.24 0.24
Income Tax Expense		 4.48 4.77 3.44 1.32 1.60 -0.22 1.01 -12 2.40 3.64
Basic Earnings per Share		 $0.76 $0.81 $0.59 $0.28 $0.33 $0.04 $0.18 ($1.36) $0.28 $0.38
Weighted Average Basic Shares Outstanding		 15.94M 15.92M 15.97M 16.01M 16.03M 16.01M 16.08M 16.11M 16.04M 16.04M
Diluted Earnings per Share		 $0.76 $0.81 $0.59 $0.28 $0.33 $0.04 $0.18 ($1.36) $0.28 $0.38
Weighted Average Diluted Shares Outstanding		 15.97M 15.97M 16.00M 16.02M 16.04M 16.03M 16.09M 16.11M 16.07M 16.04M
Weighted Average Basic & Diluted Shares Outstanding		 16.03M 16.06M 16.12M 16.12M 16.14M 16.19M 16.29M 16.28M 16.08M 16.12M
Cash Dividends to Common per Share		 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25

Annual Cash Flow Statements for Bank of Marin Bancorp

This table details how cash moves in and out of Bank of Marin Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -302 -15 107
Net Cash From Operating Activities		 55 36 28
Net Cash From Continuing Operating Activities		 55 36 28
Net Income / (Loss) Continuing Operations		 47 20 -8.41
Consolidated Net Income / (Loss)		 47 20 -8.41
Provision For Loan Losses		 -0.38 2.23 5.32
Depreciation Expense		 1.84 2.10 1.47
Amortization Expense		 7.83 6.84 3.40
Non-Cash Adjustments to Reconcile Net Income		 1.88 6.37 33
Changes in Operating Assets and Liabilities, net		 -2.48 -1.77 -6.52
Net Cash From Investing Activities		 -218 335 195
Net Cash From Continuing Investing Activities		 -218 335 195
Purchase of Property, Leasehold Improvements and Equipment		 -2.27 -1.75 -0.52
Purchase of Investment Securities		 -568 -0.04 -201
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 0.02
Sale and/or Maturity of Investments		 188 320 370
Other Investing Activities, net		 164 17 26
Net Cash From Financing Activities		 -139 -385 -117
Net Cash From Continuing Financing Activities		 -139 -385 -117
Net Change in Deposits		 -235 -283 -70
Issuance of Debt		 112 -86 -26
Issuance of Common Equity		 0.08 0.05 0.04
Repayment of Debt		 -0.13 -0.15 -0.15
Repurchase of Common Equity		 -1.25 0.00 -4.25
Payment of Dividends		 -16 -16 -16
Other Financing Activities, Net		 0.78 0.16 -0.06
Cash Interest Paid		 2.56 34 46
Cash Income Taxes Paid		 14 8.43 2.25

Quarterly Cash Flow Statements for Bank of Marin Bancorp

This table details how cash moves in and out of Bank of Marin Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 70 -140 -7.43 1.66 83 -93 5.86 195 -2.24 -92
Net Cash From Operating Activities		 19 16 13 8.05 13 0.79 4.33 3.45 9.88 11
Net Cash From Continuing Operating Activities		 19 16 13 8.05 13 0.79 4.33 3.45 9.88 11
Net Income / (Loss) Continuing Operations		 12 13 9.44 4.55 5.29 0.61 2.92 -22 4.57 6.00
Consolidated Net Income / (Loss)		 12 13 9.44 4.55 5.29 0.61 2.92 -22 4.57 6.00
Depreciation Expense		 0.41 0.58 0.88 0.40 0.42 0.39 0.39 0.38 0.36 0.34
Amortization Expense		 2.25 1.91 1.99 1.89 1.87 1.09 1.56 1.56 0.78 -0.50
Non-Cash Adjustments to Reconcile Net Income		 1.01 0.18 -0.14 0.05 0.17 6.29 0.38 32 0.42 -0.15
Changes in Operating Assets and Liabilities, net		 3.08 0.78 1.10 0.83 5.19 -8.90 -1.27 -14 3.98 5.02
Net Cash From Investing Activities		 -18 65 12 36 128 158 38 266 -99 -9.28
Net Cash From Continuing Investing Activities		 -18 65 12 36 128 158 38 266 -99 -9.28
Purchase of Property, Leasehold Improvements and Equipment		 -0.41 -1.50 -1.44 -0.39 0.09 -0.01 -0.16 -0.09 -0.11 -0.16
Purchase of Investment Securities		 -85 -31 -0.04 -0.00 - -0.00 -1.21 -19 -150 -30
Sale and/or Maturity of Investments		 64 31 33 27 112 148 20 313 23 15
Other Investing Activities, net		 4.06 66 -19 9.80 16 10 19 -28 28 6.64
Net Cash From Financing Activities		 68 -221 -33 -43 -58 -252 -36 -74 87 -93
Net Cash From Continuing Financing Activities		 68 -221 -33 -43 -58 -252 -36 -74 87 -93
Net Change in Deposits		 72 -329 -323 75 118 -154 -5.97 -70 95 -89
Issuance of Common Equity		 0.03 0.02 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01
Repayment of Debt		 -0.03 -0.04 -0.04 -0.04 -0.04 -0.04 -0.04 -0.04 -0.04 -0.04
Repurchase of Common Equity		 - - - - - - - - - -0.02
Payment of Dividends		 -4.00 -4.01 -4.01 -4.03 -4.03 -4.04 -4.04 -4.07 -4.06 -4.02
Cash Interest Paid		 0.54 0.84 4.29 9.86 8.89 11 11 12 12 11
Cash Income Taxes Paid		 2.63 2.66 0.00 - - 8.43 0.00 2.10 - 0.15

Annual Balance Sheets for Bank of Marin Bancorp

This table presents Bank of Marin Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,147 3,804 3,701
Restricted Cash		 45 30 137
Trading Account Securities		 1,774 1,477 1,267
Loans and Leases, Net of Allowance		 2,070 2,049 2,053
Loans and Leases		 2,093 2,074 2,083
Allowance for Loan and Lease Losses		 23 25 31
Premises and Equipment, Net		 8.13 7.79 6.83
Goodwill		 73 73 73
Intangible Assets		 5.12 3.77 2.79
Other Assets		 172 163 162
Total Liabilities & Shareholders' Equity		 4,147 3,804 3,701
Total Liabilities		 3,735 3,365 3,266
Non-Interest Bearing Deposits		 1,839 1,442 1,400
Interest Bearing Deposits		 1,734 1,848 1,820
Long-Term Debt		 112 26 0.15
Other Long-Term Liabilities		 50 48 46
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 412 439 435
Total Preferred & Common Equity		 412 439 435
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 412 439 435
Common Stock		 215 217 216
Retained Earnings		 271 275 250
Accumulated Other Comprehensive Income / (Loss)		 -74 -53 -30

Quarterly Balance Sheets for Bank of Marin Bancorp

This table presents Bank of Marin Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 4,349 4,135 4,092 4,036 3,767 3,695 3,793
Restricted Cash		 - - 40 123 36 231 229
Trading Account Securities		 960 1,756 1,718 1,594 1,451 1,158 1,257
Loans and Leases, Net of Allowance		 -23 2,089 2,079 2,063 2,029 2,052 2,059
Loans and Leases		 - 2,112 2,103 2,087 2,055 2,082 2,090
Allowance for Loan and Lease Losses		 23 23 24 24 26 31 31
Premises and Equipment, Net		 7.10 8.69 8.68 8.17 7.55 7.26 7.01
Goodwill		 73 73 73 73 73 73 73
Intangible Assets		 5.48 4.77 4.43 4.10 3.52 3.27 3.03
Other Assets		 3,141 2,255 170 171 166 171 164
Total Liabilities & Shareholders' Equity		 4,349 4,135 4,092 4,036 3,767 3,695 3,793
Total Liabilities		 3,952 3,705 3,668 3,617 3,330 3,260 3,356
Non-Interest Bearing Deposits		 2,052 1,637 1,589 1,642 1,444 1,418 1,473
Interest Bearing Deposits		 1,851 1,614 1,736 1,801 1,840 1,796 1,836
Long-Term Debt		 0.37 406 293 120 0.26 0.23 0.19
Other Long-Term Liabilities		 49 49 50 53 46 46 46
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 397 430 424 419 437 435 437
Total Preferred & Common Equity		 397 430 424 419 437 435 437
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 397 430 424 419 437 435 437
Common Stock		 215 216 217 217 218 219 215
Retained Earnings		 262 276 277 278 273 247 248
Accumulated Other Comprehensive Income / (Loss)		 -80 -62 -69 -77 -55 -31 -26

Annual Metrics And Ratios for Bank of Marin Bancorp

This table displays calculated financial ratios and metrics derived from Bank of Marin Bancorp's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 20.26% -22.14% -31.97%
EBITDA Growth		 42.98% -52.21% -125.66%
EBIT Growth		 41.49% -59.00% -153.14%
NOPAT Growth		 40.20% -57.29% -148.68%
Net Income Growth		 40.20% -57.29% -142.27%
EPS Growth		 26.96% -57.53% -141.94%
Operating Cash Flow Growth		 22.15% -35.49% -20.45%
Free Cash Flow Firm Growth		 51.91% 391.13% -74.56%
Invested Capital Growth		 16.36% -11.28% -6.40%
Revenue Q/Q Growth		 1.92% -12.20% 10.56%
EBITDA Q/Q Growth		 8.18% -34.31% 45.89%
EBIT Q/Q Growth		 6.88% -39.86% 40.08%
NOPAT Q/Q Growth		 7.29% -38.15% 40.08%
Net Income Q/Q Growth		 7.29% -38.15% 39.07%
EPS Q/Q Growth		 8.55% -38.31% 39.53%
Operating Cash Flow Q/Q Growth		 6.55% -30.35% 53.84%
Free Cash Flow Firm Q/Q Growth		 -125.76% 171.99% -76.51%
Invested Capital Q/Q Growth		 32.14% -13.65% -0.36%
Profitability Metrics		 - - -
EBITDA Margin		 52.88% 32.46% -12.24%
EBIT Margin		 45.89% 24.16% -18.87%
Profit (Net Income) Margin		 33.66% 18.46% -11.47%
Tax Burden Percent		 73.35% 76.41% 60.78%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 26.65% 23.59% 0.00%
Return on Invested Capital (ROIC)		 9.55% 4.02% -2.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.55% 4.02% 7.49%
Return on Net Nonoperating Assets (RNNOA)		 1.25% 0.66% 0.23%
Return on Equity (ROE)		 10.80% 4.67% -1.92%
Cash Return on Invested Capital (CROIC)		 -5.57% 15.97% 4.47%
Operating Return on Assets (OROA)		 1.50% 0.65% -0.37%
Return on Assets (ROA)		 1.10% 0.50% -0.22%
Return on Common Equity (ROCE)		 10.80% 4.67% -1.92%
Return on Equity Simple (ROE_SIMPLE)		 11.30% 4.53% -1.93%
Net Operating Profit after Tax (NOPAT)		 47 20 -9.68
NOPAT Margin		 33.66% 18.46% -13.21%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -9.64%
SG&A Expenses to Revenue		 37.62% 49.49% 74.50%
Operating Expenses to Revenue		 54.39% 73.76% 111.62%
Earnings before Interest and Taxes (EBIT)		 64 26 -14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 73 35 -8.97
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.14 0.76 0.87
Price to Tangible Book Value (P/TBV)		 1.41 0.92 1.05
Price to Revenue (P/Rev)		 3.39 3.10 5.17
Price to Earnings (P/E)		 10.08 16.77 0.00
Dividend Yield		 3.34% 4.84% 4.25%
Earnings Yield		 9.92% 5.96% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.02 0.71 0.55
Enterprise Value to Revenue (EV/Rev)		 3.88 3.06 3.29
Enterprise Value to EBITDA (EV/EBITDA)		 7.33 9.42 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.45 12.65 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 11.52 16.56 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.71 9.24 8.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 4.17 12.00
Leverage & Solvency		 - - -
Debt to Equity		 0.27 0.06 0.00
Long-Term Debt to Equity		 0.27 0.06 0.00
Financial Leverage		 0.13 0.16 0.03
Leverage Ratio		 9.81 9.34 8.58
Compound Leverage Factor		 9.81 9.34 8.58
Debt to Total Capital		 21.44% 5.65% 0.04%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 21.44% 5.65% 0.04%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 78.56% 94.35% 99.96%
Debt to EBITDA		 1.54 0.75 -0.02
Net Debt to EBITDA		 0.92 -0.12 15.28
Long-Term Debt to EBITDA		 1.54 0.75 -0.02
Debt to NOPAT		 2.41 1.32 -0.02
Net Debt to NOPAT		 1.44 -0.21 14.16
Long-Term Debt to NOPAT		 2.41 1.32 -0.02
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -27 79 20
Operating Cash Flow to CapEx		 2,439.41% 2,038.82% 5,684.37%
Free Cash Flow to Firm to Interest Expense		 -10.65 2.15 0.43
Operating Cash Flow to Interest Expense		 21.69 0.97 0.61
Operating Cash Flow Less CapEx to Interest Expense		 20.80 0.92 0.60
Efficiency Ratios		 - - -
Asset Turnover		 0.03 0.03 0.02
Fixed Asset Turnover		 17.64 13.53 10.02
Capital & Investment Metrics		 - - -
Invested Capital		 525 465 436
Invested Capital Turnover		 0.28 0.22 0.16
Increase / (Decrease) in Invested Capital		 74 -59 -30
Enterprise Value (EV)		 537 329 241
Market Capitalization		 470 334 379
Book Value per Share		 $25.71 $27.20 $27.07
Tangible Book Value per Share		 $20.85 $22.46 $22.38
Total Capital		 525 465 436
Total Debt		 112 26 0.15
Total Long-Term Debt		 112 26 0.15
Net Debt		 67 -4.16 -137
Capital Expenditures (CapEx)		 2.27 1.75 0.50
Net Nonoperating Expense (NNE)		 0.00 0.00 -1.28
Net Nonoperating Obligations (NNO)		 112 26 0.15
Total Depreciation and Amortization (D&A)		 9.67 8.94 4.86
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.93 $1.24 ($0.52)
Adjusted Weighted Average Basic Shares Outstanding		 15.92M 16.01M 16.04M
Adjusted Diluted Earnings per Share		 $2.92 $1.24 ($0.52)
Adjusted Weighted Average Diluted Shares Outstanding		 15.97M 16.03M 16.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.06M 16.19M 16.12M
Normalized Net Operating Profit after Tax (NOPAT)		 47 20 -9.68
Normalized NOPAT Margin		 33.66% 18.46% -13.21%
Pre Tax Income Margin		 45.89% 24.16% -18.87%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 24.92 0.71 -0.30
NOPAT to Interest Expense		 18.28 0.54 -0.21
EBIT Less CapEx to Interest Expense		 24.03 0.66 -0.31
NOPAT Less CapEx to Interest Expense		 17.39 0.49 -0.22
Payout Ratios		 - - -
Dividend Payout Ratio		 33.64% 80.96% -192.62%
Augmented Payout Ratio		 36.33% 80.96% -243.19%

Quarterly Metrics And Ratios for Bank of Marin Bancorp

This table displays calculated financial ratios and metrics derived from Bank of Marin Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 14.15% 7.81% 0.21% -20.80% -24.29% -41.65% -22.50% -127.12% 0.33% 33.38%
EBITDA Growth		 193.29% 37.92% -1.88% -53.84% -52.41% -90.70% -62.66% -497.38% -11.75% 406.35%
EBIT Growth		 143.71% 30.16% -9.27% -60.90% -58.59% -97.78% -69.49% -685.52% 1.13% 2,366.75%
NOPAT Growth		 130.48% 32.60% -9.79% -58.87% -56.51% -95.27% -69.05% -628.84% -13.69% 885.39%
Net Income Growth		 130.48% 32.60% -9.79% -58.87% -56.51% -95.27% -69.05% -581.26% -13.69% 885.39%
EPS Growth		 117.14% 39.66% -10.61% -59.42% -56.58% -95.06% -69.49% -585.71% -15.15% 850.00%
Operating Cash Flow Growth		 54.04% 26.29% 17.12% -0.92% -30.86% -95.18% -67.82% -57.18% -26.16% 1,261.37%
Free Cash Flow Firm Growth		 179.55% 23.91% -576.13% -506.78% -284.25% 198.22% 199.07% 185.18% 177.81% -40.11%
Invested Capital Growth		 -13.51% 16.36% 98.67% 74.79% 35.77% -11.28% -47.73% -39.27% -18.89% -6.40%
Revenue Q/Q Growth		 5.38% 0.58% -8.69% -18.17% 0.74% -22.49% 21.30% -128.64% 472.63% 3.04%
EBITDA Q/Q Growth		 9.18% 4.27% -21.80% -48.14% 12.54% -79.62% 213.88% -651.90% 124.99% 16.96%
EBIT Q/Q Growth		 10.86% 5.99% -27.02% -54.40% 17.42% -94.33% 904.86% -975.08% 120.28% 38.32%
NOPAT Q/Q Growth		 10.01% 5.81% -26.71% -51.79% 16.35% -88.50% 379.80% -923.66% 118.99% 31.31%
Net Income Q/Q Growth		 10.01% 5.81% -26.71% -51.79% 16.35% -88.50% 379.80% -849.56% 120.87% 31.31%
EPS Q/Q Growth		 10.14% 6.58% -27.16% -52.54% 17.86% -87.88% 350.00% -855.56% 120.59% 35.71%
Operating Cash Flow Q/Q Growth		 137.95% -15.60% -17.65% -40.09% 66.05% -94.12% 449.68% -20.27% 186.34% 8.49%
Free Cash Flow Firm Q/Q Growth		 249.05% -182.03% -566.64% 25.56% 54.74% 143.73% 572.40% -36.00% -58.65% -66.34%
Invested Capital Q/Q Growth		 -3.16% 32.14% 59.38% -14.29% -24.78% -13.65% -6.11% -0.40% 0.45% -0.36%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 54.01% 56.00% 47.95% 30.39% 33.95% 8.93% 23.10% 0.00% 29.86% 33.89%
EBIT Margin		 46.57% 49.08% 39.22% 21.85% 25.47% 1.86% 15.44% 0.00% 25.68% 34.47%
Profit (Net Income) Margin		 34.05% 35.82% 28.75% 16.94% 19.56% 2.90% 11.48% 0.00% 16.83% 21.45%
Tax Burden Percent		 73.12% 72.99% 73.30% 77.50% 76.79% 155.75% 74.37% 63.70% 65.54% 62.22%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 26.88% 27.01% 26.70% 22.50% 23.21% -55.75% 25.63% 0.00% 34.46% 37.78%
Return on Invested Capital (ROIC)		 10.80% 10.17% 6.34% 3.95% 5.13% 0.63% 1.81% 0.00% 2.29% 3.49%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.80% 10.17% 6.34% 3.95% 5.13% 0.63% 1.81% 0.00% 2.29% 3.49%
Return on Net Nonoperating Assets (RNNOA)		 0.01% 1.33% 3.03% 1.39% 0.76% 0.10% 0.85% 0.00% 0.32% 0.11%
Return on Equity (ROE)		 10.82% 11.50% 9.36% 5.34% 5.89% 0.73% 2.66% 0.00% 2.61% 3.60%
Cash Return on Invested Capital (CROIC)		 24.64% -5.57% -58.82% -47.50% -23.47% 15.97% 64.80% 46.04% 17.55% 4.47%
Operating Return on Assets (OROA)		 1.47% 1.61% 1.28% 0.68% 0.75% 0.05% 0.39% 0.00% 0.43% 0.67%
Return on Assets (ROA)		 1.07% 1.17% 0.94% 0.53% 0.57% 0.08% 0.29% 0.00% 0.29% 0.42%
Return on Common Equity (ROCE)		 10.82% 11.50% 9.36% 5.34% 5.89% 0.73% 2.66% 0.00% 2.61% 3.60%
Return on Equity Simple (ROE_SIMPLE)		 10.95% 0.00% 10.59% 9.21% 7.68% 0.00% 3.06% -3.01% -3.16% 0.00%
Net Operating Profit after Tax (NOPAT)		 12 13 9.44 4.55 5.30 0.61 2.92 -24 4.57 6.00
NOPAT Margin		 34.05% 35.82% 28.75% 16.94% 19.56% 2.90% 11.48% 0.00% 16.83% 21.45%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.48% 0.00% 0.00%
SG&A Expenses to Revenue		 36.56% 34.38% 41.77% 51.19% 48.49% 60.68% 56.80% 0.00% 49.06% 42.78%
Operating Expenses to Revenue		 52.25% 50.92% 60.24% 76.91% 72.96% 91.94% 83.19% 0.00% 75.18% 65.53%
Earnings before Interest and Taxes (EBIT)		 17 18 13 5.87 6.90 0.39 3.93 -34 6.97 9.65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 20 16 8.17 9.19 1.87 5.88 -32 8.11 9.48
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 1.14 0.73 0.61 0.65 0.76 0.59 0.59 0.73 0.87
Price to Tangible Book Value (P/TBV)		 1.33 1.41 0.90 0.75 0.80 0.92 0.72 0.71 0.89 1.05
Price to Revenue (P/Rev)		 3.13 3.39 2.28 1.98 2.22 3.10 2.58 3.85 4.84 5.17
Price to Earnings (P/E)		 9.77 10.08 6.93 6.67 8.48 16.77 19.33 0.00 0.00 0.00
Dividend Yield		 3.66% 3.34% 5.03% 6.19% 5.91% 4.84% 6.26% 6.39% 5.07% 4.25%
Earnings Yield		 10.23% 9.92% 14.43% 15.00% 11.80% 5.96% 5.17% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.60 1.02 0.82 0.72 0.50 0.71 0.51 0.05 0.21 0.55
Enterprise Value to Revenue (EV/Rev)		 1.76 3.88 4.94 3.91 2.20 3.06 2.22 0.36 1.38 3.29
Enterprise Value to EBITDA (EV/EBITDA)		 3.54 7.33 9.38 8.10 5.07 9.42 8.86 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.03 8.45 10.99 9.68 6.23 12.65 13.02 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.51 11.52 15.01 13.14 8.39 16.56 16.63 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.61 9.71 11.94 8.98 5.27 9.24 8.38 1.09 4.98 8.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.27 0.00 0.00 0.00 0.00 4.17 0.54 0.09 1.07 12.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.27 0.94 0.69 0.29 0.06 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.27 0.94 0.69 0.29 0.06 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.13 0.48 0.35 0.15 0.16 0.47 0.34 0.14 0.03
Leverage Ratio		 10.07 9.81 9.95 10.10 10.28 9.34 9.12 9.07 9.15 8.58
Compound Leverage Factor		 10.07 9.81 9.95 10.10 10.28 9.34 9.12 9.07 9.15 8.58
Debt to Total Capital		 0.09% 21.44% 48.54% 40.83% 22.33% 5.65% 0.06% 0.05% 0.04% 0.04%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.09% 21.44% 48.54% 40.83% 22.33% 5.65% 0.06% 0.05% 0.04% 0.04%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.91% 78.56% 51.46% 59.17% 77.67% 94.35% 99.94% 99.95% 99.96% 99.96%
Debt to EBITDA		 0.01 1.54 5.57 4.62 2.26 0.75 0.01 -0.01 -0.01 -0.02
Net Debt to EBITDA		 -2.74 0.92 5.05 3.99 -0.05 -0.12 -1.44 14.91 13.81 15.28
Long-Term Debt to EBITDA		 0.01 1.54 5.57 4.62 2.26 0.75 0.01 -0.01 -0.01 -0.02
Debt to NOPAT		 0.01 2.41 8.91 7.49 3.74 1.32 0.02 -0.01 -0.01 -0.02
Net Debt to NOPAT		 -4.27 1.44 8.07 6.48 -0.09 -0.21 -2.69 14.26 14.17 14.16
Long-Term Debt to NOPAT		 0.01 2.41 8.91 7.49 3.74 1.32 0.02 -0.01 -0.01 -0.02
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 74 -61 -406 -302 -137 60 402 257 106 36
Operating Cash Flow to CapEx		 4,740.93% 1,085.51% 934.91% 2,091.95% 0.00% 6,558.33% 2,686.96% 3,875.28% 9,316.98% 6,532.93%
Free Cash Flow to Firm to Interest Expense		 134.90 -73.24 -91.22 -28.79 -12.85 5.36 35.10 21.68 8.83 3.18
Operating Cash Flow to Interest Expense		 35.17 19.65 3.02 0.77 1.26 0.07 0.38 0.29 0.82 0.95
Operating Cash Flow Less CapEx to Interest Expense		 34.43 17.84 2.70 0.73 1.27 0.07 0.36 0.28 0.81 0.94
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02
Fixed Asset Turnover		 18.22 17.64 17.39 16.69 16.07 13.53 12.36 8.30 8.73 10.02
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 397 525 836 717 539 465 437 435 437 436
Invested Capital Turnover		 0.32 0.28 0.22 0.23 0.26 0.22 0.16 0.12 0.14 0.16
Increase / (Decrease) in Invested Capital		 -62 74 415 307 142 -59 -399 -281 -102 -30
Enterprise Value (EV)		 239 537 684 513 270 329 222 24 92 241
Market Capitalization		 424 470 316 260 273 334 259 255 321 379
Book Value per Share		 $24.76 $25.71 $26.79 $26.31 $25.97 $27.20 $26.97 $26.71 $26.85 $27.07
Tangible Book Value per Share		 $19.88 $20.85 $21.96 $21.52 $21.20 $22.46 $22.26 $22.04 $22.19 $22.38
Total Capital		 397 525 836 717 539 465 437 435 437 436
Total Debt		 0.37 112 406 293 120 26 0.26 0.23 0.19 0.15
Total Long-Term Debt		 0.37 112 406 293 120 26 0.26 0.23 0.19 0.15
Net Debt		 -185 67 368 253 -2.80 -4.16 -36 -231 -229 -137
Capital Expenditures (CapEx)		 0.41 1.50 1.44 0.39 -0.09 0.01 0.16 0.09 0.11 0.16
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.17 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.37 112 406 293 120 26 0.26 0.23 0.19 0.15
Total Depreciation and Amortization (D&A)		 2.66 2.49 2.87 2.29 2.29 1.48 1.95 1.94 1.14 -0.16
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.81 $0.00 $0.28 $0.00 $0.04 $0.18 ($1.36) $0.28 $0.38
Adjusted Weighted Average Basic Shares Outstanding		 0.00 15.92M 0.00 16.01M 0.00 16.01M 16.08M 16.11M 16.04M 16.04M
Adjusted Diluted Earnings per Share		 $0.00 $0.81 $0.00 $0.28 $0.00 $0.04 $0.18 ($1.36) $0.28 $0.38
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 15.97M 0.00 16.02M 0.00 16.03M 16.09M 16.11M 16.07M 16.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 16.06M 0.00 16.12M 0.00 16.19M 16.29M 16.28M 16.08M 16.12M
Normalized Net Operating Profit after Tax (NOPAT)		 12 13 9.44 4.55 5.30 0.27 2.92 -24 4.57 6.00
Normalized NOPAT Margin		 34.05% 35.82% 28.75% 16.94% 19.56% 1.30% 11.48% 0.00% 16.83% 21.45%
Pre Tax Income Margin		 46.57% 49.08% 39.22% 21.85% 25.47% 1.86% 15.44% 0.00% 25.68% 34.47%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 30.27 21.24 2.90 0.56 0.65 0.04 0.34 -2.90 0.58 0.86
NOPAT to Interest Expense		 22.13 15.50 2.12 0.43 0.50 0.05 0.26 -2.03 0.38 0.53
EBIT Less CapEx to Interest Expense		 29.53 19.43 2.57 0.52 0.66 0.03 0.33 -2.91 0.57 0.84
NOPAT Less CapEx to Interest Expense		 21.39 13.69 1.80 0.40 0.51 0.05 0.24 -2.04 0.37 0.52
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 35.72% 33.64% 34.82% 41.11% 49.98% 80.96% 120.63% -123.73% -117.48% -192.62%
Augmented Payout Ratio		 50.83% 36.33% 34.82% 41.11% 49.98% 80.96% 120.63% -123.73% -148.16% -243.19%

Financials Breakdown Chart

Key Financial Trends

Bank of Marin Bancorp (NASDAQ: BMRC) has shown varied financial performance over the past years through 2022 to 2024. This analysis summarizes key trends and highlights from the quarterly income, cash flow, and balance sheet statements across the most recent periods.

  • Increasing Net Interest Income: From Q3 2022 to Q4 2024, net interest income generally increased, with Q4 2024 reporting about $25.23 million, up from about $24.27 million in Q3 2023 and $33.0 million in Q3 2022, reflecting strong core banking profitability.
  • Consistent Dividend Payments: The company consistently paid quarterly dividends of $0.25 per common share from 2022 through 2024, signaling stable shareholder returns despite earnings fluctuations.
  • Strong Operating Cash Flows in Recent Quarters: Net cash from operating activities was strong in recent quarters, e.g., $10.7 million in Q4 2024 and $9.9 million in Q3 2024, indicating robust cash generation from core operations.
  • Growth in Total Assets: Total assets increased from about $4.35 billion in Q3 2022 to approximately $3.79 billion in Q3 2024, suggesting some portfolio or balance sheet adjustments but maintaining substantial asset base.
  • Loans and Leases Growth: Loans and leases have remained sizable and relatively stable, around $2.09 billion in Q3 2024, indicating consistent lending activity.
  • Volatile Net Income: Net income fluctuated significantly, with a drop to a loss of $21.9 million in Q2 2024 but recovering to $6.0 million by Q4 2024, demonstrating some earnings pressure but recent recovery.
  • Non-Interest Income Variability: Non-interest income shows sporadic volatility due to gains/losses on investments; e.g., a significant negative of about -$29.7 million in Q2 2024 contrasted with minor positive amounts other quarters.
  • Changes in Deposit Levels Impact Financing Cash Flows: Large fluctuations in net change in deposits led to significant swings in financing cash flows, with large outflows and inflows in different quarters.
  • Increase in Non-Interest Expense: Non-interest expenses rose from about $18.3 million in Q4 2022 to over $20 million in Q3 2024, driven mainly by higher salaries and operating expenses, pressuring profitability.
  • Reduction in Cash and Equivalents: Cash flow statements reflect a net decrease in cash and equivalents in some quarters, e.g., a decrease of about $91.9 million in Q4 2024, indicating possible liquidity management challenges or increased investments.

Summary: Bank of Marin Bancorp has demonstrated strength in its core interest income and stable lending activities, maintaining consistent dividend payouts. However, earnings have experienced volatility chiefly due to fluctuations in investment income and elevated non-interest expenses. The company continues showing solid operating cash flow generation but faces some challenges with deposit volatility and cash reserves management. Investors should watch upcoming quarters for sustained earnings recovery and expense control.

09/17/25 03:25 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Bank of Marin Bancorp's Financials

When does Bank of Marin Bancorp's financial year end?

According to the most recent income statement we have on file, Bank of Marin Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bank of Marin Bancorp's net income changed over the last 2 years?

Bank of Marin Bancorp's net income appears to be on a downward trend, with a most recent value of -$8.41 million in 2024, falling from $46.59 million in 2022. The previous period was $19.90 million in 2023. See where experts think Bank of Marin Bancorp is headed by visiting Bank of Marin Bancorp's forecast page.

How has Bank of Marin Bancorp's revenue changed over the last 2 years?

Over the last 2 years, Bank of Marin Bancorp's total revenue changed from $138.40 million in 2022 to $73.30 million in 2024, a change of -47.0%.

How much debt does Bank of Marin Bancorp have?

Bank of Marin Bancorp's total liabilities were at $3.27 billion at the end of 2024, a 2.9% decrease from 2023, and a 12.6% decrease since 2022.

How has Bank of Marin Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Bank of Marin Bancorp's book value per share changed from 25.71 in 2022 to 27.07 in 2024, a change of 5.3%.


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This page (NASDAQ:BMRC) was last updated on 9/17/2025 by MarketBeat.com Staff
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