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    Bank of Marin Bancorp (BMRC)

    Market Price (11/6/2026): $28.57 | Market Cap: $463.8 MilSector: Financials | Industry: Regional Banks

    Bank of Marin Bancorp (BMRC)

    Market Price (11/6/2026): $28.57
    Market Cap: $463.8 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 65%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%

    Valuation becoming less expensive
    P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%

    Attractive yield
    Dividend Yield is 3.5%, FCF Yield is 8.4%

    Low stock price volatility
    Vol 12M is 25%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

    Trading close to highs
    Dist 52W High is -4.0%, Dist 3Y High is -4.0%

    Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.57

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%

    Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3%

    Key risks
    BMRC key risks include [1] intense competition from larger super-regional and national commercial banks that possess greater financial resources, Show more.

    0 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%
    1 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 65%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%
    2 Valuation becoming less expensive
    P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%
    3 Attractive yield
    Dividend Yield is 3.5%, FCF Yield is 8.4%
    4 Low stock price volatility
    Vol 12M is 25%
    5 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
    6 Trading close to highs
    Dist 52W High is -4.0%, Dist 3Y High is -4.0%
    7 Meaningful short interest
    Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.57
    8 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%
    9 Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3%
    10 Key risks
    BMRC key risks include [1] intense competition from larger super-regional and national commercial banks that possess greater financial resources, Show more.

    BMRC in ETFs

    Weight = BMRC's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.02%
    KRE0.15%
    IWN0.03%
    VTWO0.01%
    SCHA0.01%
    DFAS0.01%
    +2 more covered ETFs

    Valuation & Metrics

    FYE: 12/31BMRC [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$60.6 Mil—
    FY 2026 Sales$138.8 Mil—
    FY 2027 Sales$147.1 Mil—
    FY 2026 Sales Growth129.1%—
    FY 2027 Sales Growth5.9%8.7%
    EARNINGS
    LTM Net Income (GAAP) [3]$-14.3 Mil—
    FY 2026 Net Income (Non-GAAP)$37.8 Mil—
    FY 2027 Net Income (Non-GAAP)$40.8 Mil—
    FY 2027 Net Income Growth7.8%13.9%
    FY 2026 EPS (Non-GAAP)$2.37—
    FY 2027 EPS (Non-GAAP)$2.52—
    FY 2027 EPS Growth6.4%—
    VALUATION
    FY 2026 P/S3.31.7
    FY 2027 P/S3.2—
    FY 2026 P/E12.38.7
    FY 2027 P/E11.4—

    [1] BMRC forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    BMRCS&P 500
    REVENUE GROWTHPOOR
    Rev LTM ($ Bil)0.1
    Rev Chg Q266.3%8.9%
    Rev Chg LTM-32.3%8.6%
    Rev Chg 3Y Avg-13.6%6.3%
    PROFITABILITYVERY POOR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)-0.0
    CFO/Rev LTM64.9%21.5%
    Net Inc Mgn-23.5%13.5%
    VALUATIONHIGH
    P/S7.53.3
    P/CFO11.615.7
    P/FCF11.920.6
    P/E-32.022.9

    AI Analysis | Feedback

    MetricValueDateSource
    Net Interest Margin3.08%9302025Link
    Efficiency Ratio68.94%9302025Link
    Classified Loans to Total Loans2.36%9302025Link
    Non-accrual Loans to Total Loans1.51%9302025Link
    Total Risk-Based Capital Ratio16.13%9302025Link
    Number of Branches2710022025Link
    Cost of Deposits1.29%9302025Link
    Noninterest-bearing Deposits to Total Deposits43%9302025Link
    Tangible Common Equity to Tangible Assets Ratio9.72%9302025Link
    Common Equity Tier 1 (CET1) Ratio14.9%9302025Link

    Price Chart

    Recent
    10/26/2026Earnings ReleaseRev: $35 Mil (A) vs. $35 Mil (E)
    EPS: 0.62 (A) vs. $0.57 (E)
    Upcoming
    11/05/2026DividendAmount: $0.25
    Payment On: 11/12/2026
    1/25/2027Earnings ReleaseRev: $35 Mil (E)
    EPS: $0.63 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 11/1/2026

    Bank of Marin Bancorp (BMRC) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

    1. Solid Fiscal Q3 2026 Earnings Performance. Bank of Marin Bancorp reported diluted earnings per share of $0.62 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst estimates of $0.57 by 8.8%. Net income for the quarter rose to $9.9 million, a 32% increase compared to fiscal Q3 2025. This positive financial result provided a fundamental floor for the stock, preventing a significant decline.

    2. Net Interest Margin Expansion and Improved Funding Mix. The company's net interest margin expanded by 10 basis points in fiscal Q3 2026, driven by an increase in average loan yields to 5.23% (up from 5.12% in fiscal Q2 2026) and a reduction in average total deposit costs to 1.24% (down from 1.28% in fiscal Q2 2026). Concurrently, total deposits grew by $25.3 million, including a $45 million rise in non-interest-bearing deposits, which improved the funding mix and further contributed to stable profitability.

    Show more
    Updated on 11/1/2026

    Bank of Marin Bancorp (BMRC) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

    1. Solid Fiscal Q3 2026 Earnings Performance. Bank of Marin Bancorp reported diluted earnings per share of $0.62 for fiscal Q3 2026 (ended September 30, 2026), surpassing analyst estimates of $0.57 by 8.8%. Net income for the quarter rose to $9.9 million, a 32% increase compared to fiscal Q3 2025. This positive financial result provided a fundamental floor for the stock, preventing a significant decline.

    2. Net Interest Margin Expansion and Improved Funding Mix. The company's net interest margin expanded by 10 basis points in fiscal Q3 2026, driven by an increase in average loan yields to 5.23% (up from 5.12% in fiscal Q2 2026) and a reduction in average total deposit costs to 1.24% (down from 1.28% in fiscal Q2 2026). Concurrently, total deposits grew by $25.3 million, including a $45 million rise in non-interest-bearing deposits, which improved the funding mix and further contributed to stable profitability.

    3. Consistent Shareholder Returns Amidst Mixed Analyst Outlook. Bank of Marin Bancorp maintained its quarterly cash dividend of $0.25 per share, marking its 86th consecutive quarterly payout, which helped sustain investor confidence. However, the stock's potential for significant upward movement was tempered by a mixed analyst outlook, with an average "Hold" rating and price targets ranging from $29.00 to $34.00, averaging $32.20 as of November 2, 2026. This balanced sentiment among analysts likely contributed to the stock remaining largely at the same level.

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    Stock Movement Drivers

    Fundamental Drivers

    The -0.3% change in BMRC stock from 7/31/2026 to 11/5/2026 was primarily driven by a -40.7% change in the company's P/S Multiple.
    (LTM values as of)731202611052026Change
    Stock Price ($)28.6628.58-0.3%
    Change Contribution By: 
    Total Revenues ($ Mil)366168.3%
    P/S Multiple12.77.5-40.7%
    Shares Outstanding (Mil)1616-0.2%
    Cumulative Contribution-0.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2026 to 11/5/2026
    ReturnCorrelation
    BMRC-0.3% 
    Market (SPY)-1.9%30.2%
    Sector (XLF)1.0%48.1%

    Fundamental Drivers

    The 14.5% change in BMRC stock from 4/30/2026 to 11/5/2026 was primarily driven by a 109.6% change in the company's Total Revenues ($ Mil).
    (LTM values as of)430202611052026Change
    Stock Price ($)24.9628.5814.5%
    Change Contribution By: 
    Total Revenues ($ Mil)2961109.6%
    P/S Multiple13.77.5-45.2%
    Shares Outstanding (Mil)1616-0.3%
    Cumulative Contribution14.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 11/5/2026
    ReturnCorrelation
    BMRC14.5% 
    Market (SPY)2.3%15.8%
    Sector (XLF)10.7%44.5%

    Fundamental Drivers

    The 16.1% change in BMRC stock from 10/31/2025 to 11/5/2026 was primarily driven by a 71.1% change in the company's P/S Multiple.
    (LTM values as of)1031202511052026Change
    Stock Price ($)24.6128.5816.1%
    Change Contribution By: 
    Total Revenues ($ Mil)9061-32.3%
    P/S Multiple4.47.571.1%
    Shares Outstanding (Mil)16160.2%
    Cumulative Contribution16.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2025 to 11/5/2026
    ReturnCorrelation
    BMRC16.1% 
    Market (SPY)8.4%22.6%
    Sector (XLF)11.1%49.5%

    Fundamental Drivers

    The 96.9% change in BMRC stock from 10/31/2023 to 11/5/2026 was primarily driven by a 322.6% change in the company's P/S Multiple.
    (LTM values as of)1031202311052026Change
    Stock Price ($)14.5128.5896.9%
    Change Contribution By: 
    Total Revenues ($ Mil)13161-53.6%
    P/S Multiple1.87.5322.6%
    Shares Outstanding (Mil)16160.4%
    Cumulative Contribution96.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2023 to 11/5/2026
    ReturnCorrelation
    BMRC96.9% 
    Market (SPY)81.3%35.6%
    Sector (XLF)85.5%55.3%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    BMRC Return11%-9%-29%14%14%14%6%
    Peers Return22%7%-24%9%3%21%35%
    S&P 500 Return27%-19%24%23%16%12%105%

    Monthly Win Rates [3]
    BMRC Win Rate67%42%33%58%50%82% 
    Peers Win Rate60%47%38%50%47%67% 
    S&P 500 Win Rate75%42%67%75%67%45% 

    Max Drawdowns [4]
    BMRC Max Drawdown-25%-23%-57%-34%-23%-15% 
    Peers Max Drawdown-23%-23%-54%-27%-20%-13% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: WABC, TCBK, CVBF, MCHB, HFWA.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 11/5/2026 (YTD)

    How Low Can It Go

    EventBMRCS&P 500
    2025 US Tariff Shock
      % Loss-21.2%-18.8%
      % Gain to Breakeven26.9%23.1%
      Time to Breakeven83 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-15.3%-9.5%
      % Gain to Breakeven18.1%10.5%
      Time to Breakeven21 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-54.1%-6.7%
      % Gain to Breakeven117.6%7.1%
      Time to Breakeven936 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-18.3%-24.5%
      % Gain to Breakeven22.4%32.4%
      Time to Breakeven184 days427 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-12.2%-17.9%
      % Gain to Breakeven14.0%21.8%
      Time to Breakeven24 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-10.8%-15.4%
      % Gain to Breakeven12.1%18.2%
      Time to Breakeven11 days125 days

    Compare to WABC, TCBK, CVBF, MCHB, HFWA

    In The Past

    Bank of Marin Bancorp's stock fell -21.2% during the 2025 US Tariff Shock. Such a loss loss requires a 26.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventBMRCS&P 500
    2025 US Tariff Shock
      % Loss-21.2%-18.8%
      % Gain to Breakeven26.9%23.1%
      Time to Breakeven83 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-54.1%-6.7%
      % Gain to Breakeven117.6%7.1%
      Time to Breakeven936 days31 days
    2008-2009 Global Financial Crisis
      % Loss-38.7%-53.4%
      % Gain to Breakeven63.2%114.4%
      Time to Breakeven108 days1085 days

    Compare to WABC, TCBK, CVBF, MCHB, HFWA

    In The Past

    Bank of Marin Bancorp's stock fell -21.2% during the 2025 US Tariff Shock. Such a loss loss requires a 26.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Bank of Marin Bancorp (BMRC)

    Bank of Marin Bancorp (BMRC) is a financial holding company operating primarily through its subsidiary, Bank of Marin. It provides a comprehensive suite of banking and financial services, catering to the financial needs of its clients. The company focuses its operations within specific regions of California, serving communities in Marin, southern Sonoma counties, and the area north of San Francisco, including a loan production office in San Francisco.

    The bank offers a wide array of deposit products, including various checking and savings accounts, individual retirement and health savings accounts, and time certificates of deposit. For lending, BMRC provides commercial real estate, commercial and industrial, consumer, and construction loans, along with home equity lines of credit. Beyond traditional banking, it also delivers specialized business services such as merchant and payroll solutions, cash management tools, and fraud detection.

    Furthermore, Bank of Marin Bancorp extends its offerings to include comprehensive wealth management and trust services. These encompass customized investment portfolio management, financial planning, trust administration, and 401(k) plan services. The company primarily targets small to medium-sized businesses, professionals, not-for-profit organizations, and individual clients within its California service areas, positioning itself as a community-focused financial partner.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Bank of Marin Bancorp (BMRC):

    • A local Bank of America, specifically serving businesses and individuals in Northern California's Marin and Sonoma counties.

    • Like a community-oriented U.S. Bank, providing a full range of financial and wealth management services to businesses and professionals north of San Francisco.

    AI Analysis | Feedback

    • Deposit Accounts: Offers various checking, savings, individual retirement, health savings, and time deposit accounts for individuals and businesses.
    • Lending Services: Provides commercial real estate, commercial and industrial, consumer, construction, and home equity lines of credit.
    • Cash Management Services: Delivers merchant, payroll, fraud detection, and advanced digital banking tools like remote deposit capture and wire transfers to businesses.
    • Credit Cards: Issues credit cards to support consumer and business financial needs.
    • Wealth Management & Trust Services: Offers customized investment portfolio management, financial planning, trust administration, estate settlement, and 401(k) plan services.

    AI Analysis | Feedback

    Bank of Marin Bancorp (BMRC) primarily serves the following categories of customers:

    • Small to medium-sized businesses
    • Professionals
    • Not-for-profit organizations
    • Individuals

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Here is the management team for Bank of Marin Bancorp:

    Timothy D. Myers President & Chief Executive Officer

    Tim Myers began his career at Bank of Marin in 2007 as regional manager of the San Francisco Commercial Banking Office. He was promoted to lead the Commercial Banking division in 2013, named chief operating officer in 2020, and assumed the role of President and CEO in November 2021. Prior to joining Bank of Marin, he held leadership roles at other financial institutions, including vice president and Commercial Banking officer at U.S. Bank, National Association, and Comerica Bank. Myers has nearly 30 years of experience in financial services.

    Dave Bonaccorso Executive Vice President, Chief Financial Officer and Principal Accounting Officer

    Dave Bonaccorso was appointed Executive Vice President, Chief Financial Officer, and Principal Accounting Officer of Bank of Marin Bancorp, effective January 2, 2025. He joined Bank of Marin in August 2023 as treasurer, playing a critical role in the Bank's 2024 balance sheet and repositioning activities. Bonaccorso's career in financial services began in 1995. He previously served as the treasurer of Rabobank, N.A. and Mechanics Bank from January 2018 to September 2023. Earlier in his career, he worked in investment banking, providing fixed income and equity markets services to over 200 West Coast banks at firms such as Wells Fargo Securities and Keefe, Bruyette & Woods.

    Misako Stewart Executive Vice President, Chief Credit Officer

    Misako Stewart joined Bank of Marin in 2013 as a Senior Vice President, Commercial Banking Manager. She was named Senior Vice President, Senior Credit Manager within Commercial Banking in 2018, before becoming Chief Credit Officer in 2021, succeeding Beth Reizman. Stewart has over 30 years of experience, primarily focused on credit administration for mid-sized businesses and commercial lending, including a niche in wine industry finance. She previously served as Vice President in Commercial Banking at Union Bank for seven years.

    Sathis Arasadi Executive Vice President, Chief Information Officer

    Sathis Arasadi joined Bank of Marin in 2023 as Chief Information Officer. In this role, he is responsible for Technology, Security, Facilities/Administrative Services, Fraud Analysis, and Operations. Arasadi's career in financial services spans over two decades, specializing in engineering and financial technology (fintech), where he has directed large-scale digital and technology transformations.

    Brandi Campbell Executive Vice President, Head of Retail Banking

    Brandi Campbell oversees Bank of Marin's retail division, which includes a network of over 30 branches across Northern California. She became the head of Retail Banking in 2020. Prior to this role, she was the bank's regional manager, responsible for building market share in Napa, Sonoma, and Alameda counties. Campbell has nearly 30 years of experience in the financial services industry, having spent a majority of her career as a senior leader in consumer banking and customer service at Bank of America.

    AI Analysis | Feedback

    The key risks to Bank of Marin Bancorp (BMRC) include:

    1. Commercial Real Estate (CRE) Exposure and Credit Risk: As a regional bank operating in California, Bank of Marin Bancorp is significantly exposed to commercial real estate loans, a sector facing considerable pressure. The commercial property market is experiencing increasing vacancies and declining property values due to high interest rates, which heightens the risk of loan defaults for banks. Office loan delinquencies, in particular, are surging and approaching levels seen during the 2008 financial crisis. A substantial volume of CRE loans is scheduled for refinancing in the near future, which could exacerbate difficulties for borrowers in the current higher interest rate environment. Bank of Marin Bancorp's 2025 annual report indicates increasing credit risk and loan modifications, and the bank is preparing for further credit deterioration, which could negatively impact its profitability and capital ratios.
    2. Population Decline and Economic Slowdown in Core Markets: Bank of Marin Bancorp's primary market in Marin County is experiencing persistent out-migration and a shrinking population. This demographic trend is undermining long-term local labor force and consumer services demand, creating a fundamental challenge for the bank's organic deposit and loan growth. The population of Marin County declined between 2022 and 2023, and is projected to continue decreasing, which poses a significant headwind for the bank's long-term expansion. Additionally, the local economy in Marin County is anticipated to slow down in late 2025.
    3. Material Weakness in Internal Control over Financial Reporting: Bank of Marin Bancorp identified material classification errors in certain reciprocal network deposits and related expenses, necessitating a restatement of its audited financial statements for 2023–2024 and multiple interim periods in 2024–2025. Although these errors did not affect net income or earnings per share, the company concluded that a material weakness existed in its internal control over financial reporting as of December 31, 2025. This material weakness indicates a significant deficiency in the bank's internal processes for financial reporting, which could impact investor confidence and lead to increased regulatory scrutiny until fully remediated.

    AI Analysis | Feedback

    The continued rise and sophistication of digital-only banks (neobanks), fintech companies, and alternative lending platforms pose a clear emerging threat to Bank of Marin Bancorp. These digital-first competitors leverage technology to offer banking, lending, payment, and wealth management services with significantly lower overheads, often providing superior digital user experiences, more competitive rates, and streamlined processes. This directly challenges BMRC's traditional branch-based model for attracting and retaining individuals, small to medium-sized businesses, and professionals in its geographic markets, potentially eroding its deposit base, lending opportunities, and wealth management clientele.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Bank of Marin Bancorp (BMRC) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market conditions: * **Net Interest Margin (NIM) Expansion through Balance Sheet Repositioning:** The company completed a strategic balance sheet repositioning in the fourth quarter of 2025, which involved selling securities and reinvesting the proceeds into higher-yielding loans and short-duration securities. This initiative is designed to improve future earnings, increase net interest margin, and drive earnings per share growth. Management anticipates this repositioning will contribute approximately $0.40 per share in earnings accretion over twelve months and lead to a 25 basis point lift to net interest margin. The bank aims for margin expansion to historical levels above 4%. * **Robust Loan Growth:** Bank of Marin Bancorp is forecasting mid-single-digit loan growth for 2026. The loan pipeline was reportedly 30% higher than the previous year in Q4 2025, with newly funded loans reaching $106.5 million in the quarter. The bank has also observed healthy demand for commercial real estate (CRE) loans that meet its underwriting standards and is experiencing diversified loan originations across various commercial banking categories. Total loan originations for the full year 2025 were $374 million, with $274 million funded, marking a 79% increase from the prior year. * **Effective Management of Deposit Costs and Continued Deposit Growth:** The company has demonstrated success in managing its deposit costs, with strategic pricing adjustments leading to a 10 basis point reduction in the cost of deposits in Q4 2025. Deposits increased at an annualized rate of 3.90% in Q4 2025, and non-interest-bearing deposits constituted a strong 43.7% of total deposits. Management plans to continue making targeted deposit cost reductions in 2026, which are expected to further contribute to margin expansion. Deposit growth is being achieved through both long-term client relationships and the addition of new client relationships. * **Expansion into Growth Markets and Digital Investments:** Bank of Marin Bancorp is also focusing on expansion into key growth markets, such as the Greater Sacramento area, and making digital investments. These efforts are anticipated to boost revenue, enhance efficiency, strengthen client relationships, and reduce long-term costs.

    AI Analysis | Feedback

    Share Repurchases

    • Bank of Marin Bancorp's board authorized a new stock repurchase program of up to $25.0 million through July 31, 2027, replacing a prior program approved in 2023.
    • Under the program approved in 2023, the Bancorp repurchased $6.4 million worth of shares.
    • In fiscal year 2024, the company spent $4.3 million on share buybacks.

    Share Issuance

    • In August 2021, as part of the acquisition of American River Bankshares, each share of American River Bankshares common stock was converted into 0.575 shares of Bank of Marin Bancorp common stock.
    • On March 2, 2026, an executive vice president received a grant of 6,496 common shares as an equity award.

    Outbound Investments

    • In April 2021, Bank of Marin Bancorp announced the acquisition of American River Bank, expanding its reach into the Sacramento area.
    • The acquisition of American River Bankshares was completed in August 2021, with the total deal consideration valued at approximately $125 million.

    Capital Expenditures

    • Bank of Marin Bancorp invested $520K in capital expenditures in fiscal year 2024.
    • This amount represents a 70.3% decrease in capital expenditures from the prior year.

    Peer Outperformance in Regional Banks

    BMRC has trailed 92% of its 262 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that BMRC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    16%
    of 281 industry peers · 13.6% return
    3Y
    39%
    of 273 industry peers · 74.6% return
    5Y
    8%
    of 262 industry peers · -9.8% return
    No Regional Banks peer with a comparable growth profile has beaten BMRC by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is BMRC's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
    Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
    Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
    Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
    Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
    Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
    Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
    Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
    Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
    Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
    Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
    Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
    Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
    Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
    Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
    Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
    Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
    Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

    Latest Trefis Analyses

    Title
    0ARTICLES

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
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    BMBLBumble0.8139.2%67.5%
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    ULHUniversal Logistics0.872.3%97.6%
    TDOCTeladoc Health1.769.2%34.4%
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    LQDALiquidia4.066.8%29.0%
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    COAGHemab Therapeutics1.458.8%34.0%

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    CIFRCipher Digital2.3-61.9%-62.4%
    AAOIApplied Optoelectronics3.8-61.7%34.5%
    FRMIFermi1.0-61.5%-80.9%
    MXLMaxLinear4.0-58.7%154.2%
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    FPSForgent Power Solutions4.7-55.2%-37.2%
    STRLSterling Infrastructure7.5-54.3%-20.2%
    LITELumentum43.5-54.1%38.3%
    AXTIAXT2.2-54.0%124.6%
    ICHRIchor1.0-54.0%52.1%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    BMRCWABCTCBKCVBFMCHBHFWAMedian
    NameBank of .Westamer.TriCo Ba.CVB Fina.Mechanic.Heritage. 
    Mkt Price28.5759.8752.4222.8814.6428.5628.56
    Mkt Cap0.51.41.73.83.21.21.5
    Rev LTM61252429574771294362
    Op Inc LTM-------
    FCF LTM3810913357218480121
    FCF 3Y Avg31121123347-79121
    CFO LTM3911113857719490125
    CFO 3Y Avg32123128352-86123

    Growth & Margins

    BMRCWABCTCBKCVBFMCHBHFWAMedian
    NameBank of .Westamer.TriCo Ba.CVB Fina.Mechanic.Heritage. 
    Rev Chg LTM-32.3%-8.3%8.8%20.2%31.1%30.2%14.5%
    Rev Chg 3Y Avg-13.6%-6.7%0.3%1.3%133.0%5.1%0.8%
    Rev Chg Q266.3%-2.8%7.9%42.0%34.2%48.9%38.1%
    QoQ Delta Rev Chg LTM68.3%-0.7%1.9%10.2%7.1%10.4%8.7%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM64.9%44.2%32.2%100.5%25.2%30.6%38.2%
    CFO/Rev 3Y Avg45.9%44.2%31.5%65.3%-35.5%44.2%
    FCF/Rev LTM63.2%43.1%31.0%99.7%23.8%27.3%37.1%
    FCF/Rev 3Y Avg44.6%43.5%30.3%64.4%-32.7%43.5%

    Valuation

    BMRCWABCTCBKCVBFMCHBHFWAMedian
    NameBank of .Westamer.TriCo Ba.CVB Fina.Mechanic.Heritage. 
    Mkt Cap0.51.41.73.83.21.21.5
    P/S7.55.53.96.74.24.04.9
    P/Op Inc-------
    P/EBIT-------
    P/E-32.012.612.318.511.515.112.5
    P/CFO11.612.512.16.616.713.012.3
    Total Yield0.4%11.2%10.9%8.3%18.0%9.6%10.2%
    Dividend Yield3.5%3.3%2.8%2.9%9.4%2.9%3.1%
    FCF Yield 3Y Avg7.9%9.3%8.6%11.5%-9.6%9.3%
    D/E0.10.00.00.10.10.20.1
    Net D/E-0.5-1.4-0.0-0.2-0.1-0.8-0.3

    Returns

    BMRCWABCTCBKCVBFMCHBHFWAMedian
    NameBank of .Westamer.TriCo Ba.CVB Fina.Mechanic.Heritage. 
    1M Rtn5.2%2.8%0.6%4.5%-1.6%4.0%3.4%
    3M Rtn0.3%1.1%-8.3%1.7%-11.4%-2.8%-1.3%
    6M Rtn11.5%10.9%4.6%13.6%6.7%5.9%8.8%
    12M Rtn13.5%30.2%18.6%27.3%22.9%31.5%25.1%
    3Y Rtn74.6%36.1%64.4%49.7%129.5%83.9%69.5%
    1M Excs Rtn8.7%4.9%3.8%7.7%1.7%7.2%6.1%
    3M Excs Rtn2.5%2.9%-7.0%2.8%-9.7%-1.4%0.5%
    6M Excs Rtn6.7%6.1%-0.2%8.8%2.0%1.1%4.0%
    12M Excs Rtn1.2%17.6%8.0%15.3%10.4%19.4%12.8%
    3Y Excs Rtn13.5%-41.1%-5.4%-17.6%124.7%14.8%4.1%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/6/20265/8/20263/13/202611/7/20258/8/20255/12/20253/14/202511/8/20248/8/20245/9/20243/14/202411/8/2023
    Key Financials Quarterly            
    Total Revenue3434-37309272726-8252026
    Net Income99-408-9565-22315
    EPS0.580.53-2.480.47-0.530.310.380.28-1.360.180.040.33
    Key Financials TTM            
    Total Revenue TTM61362993907270636297105121
    Net Income TTM-14-32-36107-6-8-14-13132032
    Growth Rates Quarterly            
    Total Revenue Growth266.3%26.4%-236.3%13.5%212.6%9.3%35.4%1.5%-131.1%-24.8%-43.9%-27.7%
    Net Income Growth208.3%74.5%-758.9%64.7%61.0%66.9%883.8%-13.7%-581.3%-69.0%-95.3%-56.5%
    Margins Quarterly            
    Net Income Margin27.3%25.0%-25.3%-92.4%18.1%22.1%17.4%-11.9%3.0%20.5%
    Cash & Debt            
    Total Cash2982552472722906662733352535531782
    Total Debt6869692021222222232449144
    Net Debt / (Cash)-230-186-178-253-270-644-251-312-230-3119-638
    Cash Flows Quarterly            
    FCF from Operations121141285111034113
    Cash Flows TTM            
    FCF from Operations TTM393539363429281822273651
    Returns to Shareholders Quarterly            
    Dividends444444444444
    Share Repurchases-00-012-004-00-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC-564.6%-849.6%------8.8%0.9%-
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM--531.4%-191.6%------10.1%10.9%-

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community banking76120144138115
    Total76120144138115


    Price Behavior

    Price Behavior
    Market Price$28.58 
    Market Cap ($ Bil)0.5 
    First Trading Date12/23/1999 
    Distance from 52W High-4.0% 
       50 Days200 Days
    DMA Price$27.29$26.37
    DMA Trenddownindeterminate
    Distance from DMA4.7%8.4%
     3M1YR
    Volatility22.0%25.4%
    Downside Capture32.4938.15
    Upside Capture58.8551.42
    Correlation (S&P 500)21.4%22.4%
    BMRC Betas & Captures as of 10/31/2026

     1M2M3M6M1Y3Y
    Beta0.460.580.440.200.410.80
    Up Beta-0.16-0.230.530.020.520.85
    Down Beta-0.35-0.08-0.11-0.070.160.82
    Up Capture131%119%47%41%39%53%
    Bmk +ve Days12182862130427
    Stock +ve Days11202559115357
    Down Capture45%55%65%24%50%89%
    Bmk -ve Days10253664121325
    Stock -ve Days11233967135387

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BMRC
    BMRC14.9%25.4%0.49-
    Sector ETF (XLF)11.1%15.2%0.4749.4%
    Equity (SPY)9.5%13.6%0.4123.3%
    Gold (GLD)3.6%28.7%0.11-1.0%
    Commodities (DBC)37.7%21.2%1.40-32.1%
    Real Estate (VNQ)12.0%14.2%0.5537.2%
    Bitcoin (BTCUSD)-20.8%43.3%-0.427.1%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BMRC
    BMRC-1.3%34.0%0.02-
    Sector ETF (XLF)9.1%18.4%0.3652.8%
    Equity (SPY)11.3%17.3%0.4835.6%
    Gold (GLD)17.5%19.1%0.74-4.0%
    Commodities (DBC)8.0%19.6%0.293.5%
    Real Estate (VNQ)1.2%18.9%-0.0537.1%
    Bitcoin (BTCUSD)5.9%51.5%0.2913.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BMRC
    BMRC4.5%34.9%0.22-
    Sector ETF (XLF)13.3%22.1%0.5461.6%
    Equity (SPY)14.9%18.0%0.7045.9%
    Gold (GLD)12.0%16.5%0.59-3.4%
    Commodities (DBC)7.6%18.1%0.3312.9%
    Real Estate (VNQ)5.7%20.7%0.2344.2%
    Bitcoin (BTCUSD)61.3%66.2%1.0111.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date10152026
    Short Interest: Shares Quantity1.1 Mil
    Short Interest: % Change Since 93020261.5%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest10.6 days
    Basic Shares Quantity16.0 Mil
    Short % of Basic Shares6.7%

    Returns Analyses

    Earnings Returns History

    Updated 11/4/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/26/20262.5%4.6% 
    7/27/20265.3%1.4%-5.0%
    4/27/2026-2.2%0.0%2.4%
    1/26/20263.7%1.6%-1.3%
    10/27/20254.9%5.2%8.9%
    7/28/2025-0.6%-6.6%2.1%
    4/28/20250.7%2.6%3.0%
    1/27/20255.6%5.3%4.3%
    ...
    SUMMARY STATS   
    # Positive131410
    # Negative111013
    Median Positive3.3%2.2%6.6%
    Median Negative-2.2%-6.7%-4.3%
    Max Positive5.6%13.4%21.9%
    Max Negative-12.3%-16.4%-20.1%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/26/20262.5%4.6% 
    7/27/20265.3%1.4%-5.0%
    4/27/2026-2.2%0.0%2.4%
    1/26/20263.7%1.6%-1.3%
    10/27/20254.9%5.2%8.9%
    7/28/2025-0.6%-6.6%2.1%
    4/28/20250.7%2.6%3.0%
    1/27/20255.6%5.3%4.3%
    10/28/20244.3%1.6%21.9%
    7/29/2024-12.3%-16.4%-6.4%
    4/29/2024-6.5%0.8%0.6%
    1/29/2024-3.5%-11.0%-20.1%
    10/23/2023-1.1%-2.6%14.1%
    7/24/20233.7%7.1%-0.6%
    4/24/2023-4.1%-15.0%-16.0%
    1/23/2023-1.9%-6.1%-4.4%
    10/24/20223.3%13.4%9.6%
    7/25/20222.2%2.0%-0.3%
    4/25/2022-1.4%-5.2%-2.5%
    1/24/20220.9%-2.0%-3.7%
    10/25/20211.3%0.2%-0.4%
    7/19/2021-0.5%2.5%13.9%
    4/19/2021-7.5%-8.0%-7.6%
    1/25/20210.3%-6.8%-4.3%
    SUMMARY STATS   
    # Positive131410
    # Negative111013
    Median Positive3.3%2.2%6.6%
    Median Negative-2.2%-6.7%-4.3%
    Max Positive5.6%13.4%21.9%
    Max Negative-12.3%-16.4%-20.1%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    03/31/202605/08/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/14/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202303/14/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202203/16/202310-K
    09/30/202211/08/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    03/31/202605/08/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/07/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/14/202510-K
    09/30/202411/08/202410-Q
    06/30/202408/08/202410-Q
    03/31/202405/09/202410-Q
    12/31/202303/14/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/09/202310-Q
    12/31/202203/16/202310-K
    09/30/202211/08/202210-Q
    06/30/202208/08/202210-Q
    03/31/202205/09/202210-Q
    12/31/202103/15/202210-K
    09/30/202111/09/202110-Q
    06/30/202108/05/202110-Q
    03/31/202105/07/202110-Q
    12/31/202003/15/202110-K
    09/30/202011/06/202010-Q
    06/30/202008/10/202010-Q
    03/31/202005/08/202010-Q
    12/31/201903/13/202010-K
    09/30/201911/08/201910-Q

    Insider Activity

    Updated 10/30/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Anderson, Nicolas CDirectBuy1030202628.44401,138393,211Form
    2Anderson, Nicolas CDirectBuy731202628.881755,054398,116Form
    3Anderson, Nicolas CDirectBuy501202625.682005,136327,728Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Anderson, Nicolas CDirectBuy1030202628.44401,138393,211Form
    2Anderson, Nicolas CDirectBuy731202628.881755,054398,116Form
    3Anderson, Nicolas CDirectBuy501202625.682005,136327,728Form

    Investor Activity (13F)

    Updated Nov 6, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    HoldCo Asset Management, LP$12.9 Mil1.0%29Hold13F
    Active Manager
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    HoldCo Asset Management, LP$12.9 Mil1.0%29Hold13F

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 11/5/2026