Bank of Marin Bancorp Reports Fourth Quarter and Full Year 2023 Earnings
Bank of Marin Bancorp (BMRC)
Last bank of marin bancorp earnings: 4/20 08:00 am
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Source: Business Wire
Proactive Balance Sheet and Credit Risk Management NOVATO, Calif.--(BUSINESS WIRE)--Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," today announced earnings of $610 thousand for the fourth quarter of 2023, compared to $5.3 million for the third quarter of 2023. Diluted earnings per share were $0.04 for the fourth quarter of 2023, compared to $0.33 for the prior quarter. Full year 2023 earnings were $19.9 million, compared to $46.6 million for 2022. Diluted earnings per share were $1.24 and $2.92 for the years ended December 31, 2023 and December 31, 2022, respectively. Major drivers of the decrease in fourth quarter earnings were a $5.9 million pretax net loss on the sale of investment securities in an unrealized loss position as part of our strategic balance sheet restructuring, which reduced net income by $4.2 million, or $0.26 per share, and an $875 thousand increase in the pre-tax credit loss provision, both of which are discussed in mo
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News
- Bank of Marin Bancorp (NASDAQ: BMRC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $25.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Why It Might Not Make Sense To Buy Bank of Marin Bancorp (NASDAQ:BMRC) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Bank of Marin Bancorp (NASDAQ:BMRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bank of Marin Bancorp (NASDAQ: BMRC) had its price target lowered by analysts at DA Davidson from $17.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Bank of Marin Bancorp (NASDAQ: BMRC) had its price target lowered by analysts at Stephens from $19.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
BMRC
Earnings
- 4/29/24 - Miss
BMRC
Sec Filings
- 4/30/24 - Form SC
- 4/30/24 - Form 8-K
- 4/29/24 - Form 8-K
- BMRC's page on the SEC website