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Stock impact report

KBRA Assigns Ratings to Bank of Marin Bancorp

Bank of Marin Bancorp (BMRC) 
Last bank of marin bancorp earnings: 4/20 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4164467
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Novato, California-based Bank of Marin Bancorp (NASDAQ: BMRC) ("Marin" or "the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its main subsidiary, Bank of Marin. The Outlook for all long-term ratings is Stable.BMRC’s ratings are supported by its strong funding profile, underpinned by a healthy deposit franchise. The cost of deposits of just 1.28% through 9M25 is partially driven by a robust level of noninterest-bearing deposits at 43% of total deposits, which leads among traditional commercial banks in KBRA’s rated universe. The deposit base has historically demonstrated stability as well, with no major outflows amidst liquidity stresses experienced in 2023 at other CA-based banks.Earnings volatility in rece Show less Read more
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