Bank of Marin Bancorp Reports First Quarter Financial Results
Bank of Marin reported a strong rebound in Q1 2026 with net income of $8.5 million, a 75% increase from the prior year, driven by a 6 basis point expansion in net interest margin to 3.24%. Asset quality improved significantly, with non-accrual loans falling from 1.27% to 0.41% of total assets after the sale of $16.3 million in distressed loans, fully covered by prior reserves.
Key figures
- Eps
- 0.53
- Revenue
- $30.3 million
- Guidance
- N/A
- Revenue Yoy
- 25.6%
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Non accrual loans
- 0.41%
- Dividend per share
- $0.25
- Net interest margin
- 3.24%
- Provision for credit losses
- $0
AI analysis
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