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what it is
Bank of Marin takes local deposits and turns them into business, real estate, and consumer loans across California.
how it gets paid
Last year Bank Of Marin made $152M in revenue. commercial lending was the main engine at $68M, or 45% of sales.
profitability vs top line
Revenue grew 7.9% last year on ~$152M, but the number that mattered was -$0.52 full-year 2024 EPS—growth did not clear the bottom line.
what just happened
The cleanest takeaway is the gap: a ~$38M-class quarter (≈¼ of ~$152M FY) is the right scale—if you see $111M as “quarterly,” that line is a different period or definition. Profit still looked weak.
At a glance
B+ balance sheet — decent shape, but not bulletproof
20/100 earnings predictability — expect surprises
trailing p/e is meaningless on a recent full-year loss — use forward estimates once positive
4.2% dividend yield — cash in your pocket every quarter
-$0.52 fy2024 eps (feed print)
xvary composite: 55/100 — below average
What they do
Bank of Marin takes local deposits and turns them into business, real estate, and consumer loans across California.
This bank wins because you are not choosing an app. You are choosing who already knows your business. Bank of Marin has $3.8 billion in assets, 27 retail offices, and 8 commercial banking offices in California, so your deposits, credit line, and payroll can sit in one place. Leaving is a paperwork project.
How they make money
$152M
annual revenue · their business grew +7.9% last year
commercial lending
$68M
+8.0%
commercial real estate & construction
$39M
+6.0%
consumer & home equity lending
$16M
+2.0%
deposit service fees
$17M
+1.0%
cards, leases & other banking income
$12M
−3.0%
The products that matter
business lending and deposits
Commercial banking
$106.5M in new Q4 2025 loans
This segment matters because the bank funded $106.5M in new loans in Q4 2025, its highest quarter since 2015. Loan growth is the easiest way out of a slow-growth story.
growth lever
investment and fiduciary services
Wealth management & trust
fee income inside the $28M bucket
It sits inside the bank's $28M non-interest income base. That matters because fee income is less rate-sensitive than lending, even if this business is too small here to carry the whole story.
stabilizer
personal deposits and loans
Consumer banking
36.7% non-interest bearing deposits
More than a third of deposits pay no interest. That's cheap funding, and cheap funding is the closest thing a community bank gets to a structural edge.
funding base
Key numbers
$0M
long-term debt
Long-term debt → money owed years from now → so what: BMRC has none, which leaves more room to absorb bad years without a lender at the door.
4.2%
dividend yield
Dividend yield → cash paid to shareholders each year as a percent of the stock price → so what: you are getting paid while management tries to rebuild earnings.
$3.8B
bank assets
Assets → the loan book and securities the bank earns money on → so what: BMRC is small in market value but still runs a multibillion-dollar balance sheet.
n/m
trailing p/e
With -$0.52 FY EPS in the feed, trailing P/E is not meaningful—use forward earnings once the bank is clearly back in the black.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $0M (0% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for BMRC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
The cleanest takeaway is the gap: quarterly revenue near ~$38M (≈¼ of ~$152M FY), not $111M, while profit still looked weak.
Source data conflict on EPS ($0.24 vs $0.38 vs $0.47 in different pulls)—focus on the year: 2024 still finished at -$0.52 per share. Drop 183% vs. prior year revenue; it does not reconcile to 7.9% FY growth.
~$38M
Q revenue (approx.)
$0.24
eps (one feed)
-$0.52
FY2024 EPS
the number that mattered
The number that mattered was -$0.52 in full-year 2024 EPS, because one loud quarter means less than a full year ending in the red.
source: company filings and earnings data, 2026
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What could go wrong
The #1 risk is deposit classification errors and the resulting restatement. For a bank, that is not a footnote. The books are the product.
high
Deposit classification errors and control weakness
Bank of Marin restated prior financials because of deposit classification errors and disclosed a control weakness at year-end 2025.
That directly damages confidence in reported funding mix, earnings quality, and management oversight.
med
Securities portfolio losses
A large Q4 2025 securities loss offset some of the improvement in core banking results.
That is rate risk in plain English. When bond marks go the wrong way, earnings absorb the hit.
med
Competitive California deposit market
This is a community bank operating in a crowded market without obvious scale advantages.
If deposit pricing gets more aggressive, the 36.7% non-interest bearing funding edge can erode faster than investors expect.
med
Dividend pressure if normalization stalls
The stock yields 4.2%, and the bank pays roughly $6.5M per quarter in dividends.
That payout is attractive until earnings stay weak for longer than expected. Then the income thesis stops feeling safe.
A bank with a restatement problem does not just face reputational risk. It puts the credibility of the whole earnings story in play.
source: institutional data · regulatory filings · risk analysis
Pay attention to
risk
Control remediation
The first thing to watch is whether management clearly fixes the control weakness behind the deposit classification errors. If that drags on, the discount stays justified.
earnings
Q1 2026 earnings report
Scheduled for April 27, 2026. Analysts expect $0.57 EPS. After a noisy quarter, clean execution matters more than a headline beat.
funding
Non-interest bearing deposit mix
The 36.7% figure is one of the few numbers here that looks like a real edge. If it slips, funding gets more expensive fast.
growth
Loan growth after the $106.5M quarter
Q4 2025 was the highest quarter for new loans since 2015. One strong quarter is encouraging. Two starts to look like a trend.
Analyst rankings
earnings predictability
20 / 100
Only 20/100. In human-speak, analysts do not view this as a clean, steady earnings story right now.
risk rank
3
A 3 rank suggests middling safety. Not a disaster, not a bunker, and not enough to ignore the accounting issue.
source: institutional data
Institutional activity
institutional ownership data for BMRC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$27
current price
n/a
target midpoint · n/a from current
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