Bank of Marin Bancorp Reports Third Quarter Financial Results Driven by Loan Growth, NIM Expansion and Higher Earnings
Bank of Marin Bancorp posted Q3 2026 net income of $9.9 million with diluted EPS of $0.62, up 32% year-over-year from $0.47. Net interest margin expanded 10 basis points to 3.48% on higher loan yields and lower deposit costs, while pre-tax pre-provision net income rose 17.4% sequentially to $14.5 million. Loans grew $43.4 million to $2.144 billion and deposits rose to $3.395 billion with 37.8% noninterest-bearing. Credit showed mixed signals: classified loans jumped to 1.63% of loans on one $14.1 million borrower-specific CRE downgrade (no expected loss), while special mention loans fell to $65.1 million.
Key figures
- Eps
- 0.62
- Revenue
- $31.4 million net interest income plus $3.7 million non-interest income
- Guidance
- Management expects modest net interest margin expansion over time, supported by legacy loan repricing and low rising-rate deposit beta
- Nim
- 3.48%
- Roa
- 1.05%
- Roe
- 9.96%
- Ppnp
- 14499000
- Rotce
- 12.26%
- Eps yoy
- 32%
- Ppnp qoq
- 17.4%
- Acl ratio
- 1.07%
- Tce ratio
- 8.05%
- Net income
- 9934000
- Total loans
- $2.144 billion
- Net income qoq
- 7.4%
- Nim change bps
- 10
- Total deposits
- $3.395 billion
- Loan growth qoq
- $43.4 million (+2.07%)
- Classified loans
- $35.0 million (1.63% of loans)
- Cost of deposits
- 1.24%
- Efficiency ratio
- 58.65%
- Nonaccrual loans
- $9.7 million (0.45% of loans)
- Dividend per share
- $0.25
- Tier1 leverage ratio
- 9.04%
- Tangible book value per share
- $18.81
- Noninterest bearing deposit pct
- 37.8%
AI analysis
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