Bank of Marin Bancorp Financial Highlights

By Bobby Samwell • Wednesday, November 27 15:19 • Permanent Link

Bank of Marin Bancorp (BMRC) recently released its third-quarter 2024 financial highlights and strategic priorities. Here are the key figures and changes from the previous period:

Total Assets: $3.8 billion
Market Cap: $323.1 million
Dividend Yield: 4.98%
Total Risk-Based Capital: 16.4%
Tangible Common Equity: 9.7%
Non-Interest Bearing Deposits: 44.5% of total deposits
Total Deposits: $3.31 billion
Tax-Equivalent Net Interest Margin: Increased to 2.70% from 2.52%
Non-Accrual Loans: Increased to 1.91% of total loans from 1.62%
Book Value Per Share: Increased to $27.17
Tangible Book Value Per Share: Increased to $22.46
Stock Repurchases: 220,000 shares totaling $4.2 million in the third quarter

The bank also reported activities such as originating $28.2 million of new loans, acquiring a $35.7 million residential real estate loan pool, and purchasing $114.5 million available-for-sale securities. Additionally, the bank saw improvements in its capital ratios and maintained a strong deposit franchise. The figures indicate growth and stability in various financial metrics compared to the previous reporting period. As a result of these announcements, the company's shares have moved -0.0% on the market, and are now trading at a price of $25.66. Check out the company's full 8-K submission here.

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