Bank of Marin Bancorp Reports Third Quarter Financial Results Driven by Loan Growth, NIM Expansion and Higher Earnings
Business Wire•26/10/2026•08:30 ET
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Key Highlights
- ➤Q3 net income $9.9M, up 32.0% year over year
- ➤Diluted EPS $0.62, up 31.9% year over year
- ➤Net interest margin expanded 10 basis points to 3.48%
- ➤Total loans increased $43.4M, or 2.07%, to $2.144B
- ➤Total deposits rose $25.3M to $3.395B, with noninterest-bearing deposits up $45.0M
Expert Statements
Tim Myers, President & CEO of Bank of Marin Bancorp
“Active management of deposit costs, growth in fee income, and expense discipline drove a 17% increase in pre-tax pre-provision net income on a sequential quarter basis”
Tim Myers, President & CEO of Bank of Marin Bancorp
“Organic originations drove loan growth during the quarter which was supplemented by a California residential loan pool purchase that utilized excess liquidity, diversified our earning assets, and is expected to provide attractive risk-adjusted returns.”
Dave Bonaccorso, Chief Financial Officer of Bank of Marin Bancorp
“The quarterly growth in deposit service charge income, which annualized to $1 million, is an example of the strategic fee income initiatives we are pursuing to diversify our revenue streams.”
Dave Bonaccorso, Chief Financial Officer of Bank of Marin Bancorp
“Consistent with prior rising interest rate cycles, we expect that our legendary customer service, strong liquidity position, and high noninterest-bearing deposit percentage will result in a relatively low rising-rate deposit beta. Continued legacy loan repricing along with new loan originations at higher rates should support modest net interest margin expansion over time.”
Bank of Marin Bancorp Reports Third Quarter Financial Results Driven by Loan Growth, NIM Expansion and Higher Earnings
Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," completed another quarter of improved financial performance, reflecting continued enhanced profitability and overall balance sheet strength. This performance was supported by progress across key financial and operating priorities:
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