Bank of Marin Bancorp released its financial results for the second quarter of 2025, highlighting several key metrics. The bank's total assets stood at $3.7 billion, with a market capitalization of $368.1 million. The total risk-based capital was reported at 16.25%, and the tangible common equity ratio was 10.0%.
In terms of financial performance, the bank's tax-equivalent net interest margin increased to 2.93% from 2.86% in the prior quarter. The net income and diluted earnings per share for the second quarter were ($8.5) million and ($0.53), respectively. However, excluding the loss on the sale of securities, the net income and diluted earnings per share were $4.7 million and $0.29, respectively.
The bank also sold $185.8 million in available-for-sale securities, resulting in a pre-tax loss of $18.7 million. Additionally, the bank originated $68.8 million in new loans, with $50.2 million funded, including $49.1 million in commercial loans.
In terms of capital management, the bank repurchased $2.2 million in shares and maintained strong capital levels, with a total risk-based capital of 16.3% and a tangible common equity ratio of 10.0%.
On the deposit front, the bank's deposit mix favored a high percentage of non-interest-bearing deposits, representing 42.5% of total deposits. The total cost of deposits was 1.28% for interest-bearing deposits in the second quarter of 2025.
The bank's new accounts mix showed that 40% of new accounts were non-interest-bearing, and 40% of new accounts consisted of new relationships to the bank. The average weighted cost for all new accounts was reported at 2.10%.
Following these announcements, the company's shares moved 2.63%, and are now trading at a price of $25.00. Check out the company's full 8-K submission here.
