Bank of Marin Bancorp BMRC

Financials SIC 6022 - State Commercial Banks Nasdaq

Bank of Marin (the "Bank") was incorporated in August 1989, received its charter from the California Superintendent of Banks (now the Department of Financial Protection and Innovation or "DFPI") and commenced operations in January 1990. The Bank is an insured bank by the Federal Deposit Insurance Corporation ("FDIC"). Bank of Marin Bancorp ("Bancorp") was formed in 2007 and the Bank became its sole subsidiary when each share of Bank common stock was exchanged for one share of Bancorp common stock. Bancorp is listed on the Nasdaq Stock Market under the symbol BMRC. Upon formation of the holding company, Bancorp became subject to regulation under the Bank Holding Company Act of 1956, as amended, and reporting and examination requirements by the Board of Governors of the Federal Reserve System ("Federal Reserve"). Bancorp files periodic reports and proxy statements with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.

Last close 27.73 2026-09-04
Market cap $449.1M 2026-06-30 share count
52-week range 22.50 - 30.92

Valuation FY2025 figures against the last close

P/S2.9x
P/E
P/FCF12.1x
EV/EBITDA
Dividend yield3.6%
Diluted EPS-2.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $152.4M$141.3M$139.5M$130.0M$108.4M$99.6M$100.4M$95.1M$76.6M$75.4M
Interest expense $106.0M$91.6M$100.4M$127.5M$3.4M$3.0M$4.8M$3.5M$1.7M$2.3M
Pre-tax income -$52.5M-$13.8M$26.0M$63.5M$44.9M$40.6M$45.9M$43.4M$28.8M$36.5M
Income tax $16.8M$5.4M$6.1M$16.9M$11.7M$10.3M$11.7M$10.8M$12.9M$13.3M
Net income $26.5M$14.5M$19.9M$46.6M$33.2M$30.2M$34.2M$32.6M$16.0M$23.1M
EPS, basic -2.24-0.521.242.932.322.242.512.351.293.81
EPS, diluted -2.24-0.521.242.922.302.222.482.331.273.78
Shares, diluted (wtd. avg.) $15.9M$16.0M$16.0M$16.0M$14.4M$13.6M$13.8M$14.0M$12.5M$6.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $225.3M$137.3M$30.5M$45.4M$347.6M$200.3M$183.4M$34.2M$203.5M$48.8M
Property, plant and equipment $6.1M$7.4M$8.6M$8.5M
Goodwill $72.8M$72.8M$72.8M$72.8M$72.8M$30.1M$30.1M$30.1M$30.1M$6.4M
Total assets $3.90B$3.70B$3.80B$4.15B$4.31B$2.91B$2.71B$2.52B$2.47B$2.02B
Total liabilities $3.51B$3.27B$3.36B$3.74B$3.86B$2.55B$2.37B$2.20B$2.17B$1.79B
Retained earnings $198.2M$250.0M$274.6M$270.8M$239.9M$219.7M$203.2M$179.9M$155.5M$146.5M
Total equity $394.7M$435.4M$439.1M$412.1M$450.4M$358.3M$336.8M$316.4M$297.0M$230.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $39.1M$28.4M$35.7M$55.3M$45.3M$40.8M$40.9M$42.1M$26.9M$25.4M
Depreciation and amortisation $1.3M$1.5M$2.1M$1.8M$1.7M$2.1M$2.2M$2.1M$1.9M$1.8M
Stock-based compensation $815.0K$630.0K$522.0K$963.0K$972.0K$1.2M$1.5M$1.7M$1.3M$985.0K
Capital expenditure $1.8M$520.0K$1.7M$2.3M$1.0M$981.0K$542.0K$907.0K$1.4M$1.0M
Investing cash flow -$172.0M$195.2M$334.7M-$218.1M-$340.7M-$173.4M-$20.8M-$225.3M$7.8M$24.3M
Financing cash flow $220.9M-$116.7M-$385.3M-$139.4M$442.7M$149.5M$129.0M$13.9M$120.0M-$27.3M
Dividends paid $16.1M$16.2M$16.1M$15.7M$13.1M$12.5M$11.0M$8.9M$6.9M$6.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-046455.

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