Bank of Marin Bancorp Q3 2025 Results

By Tamara Parker • Tuesday, November 18 15:41 • Permanent Link

Bank of Marin Bancorp has recently released its financial results for the third quarter of 2025, showcasing significant improvements across various metrics compared to the previous period.

In the third quarter of 2025, the bank reported a tax-equivalent net interest margin of 3.08%, representing an increase from 2.93% in the previous period. This was primarily driven by the repositioning of securities in Q2 and higher average interest-earning assets, significantly impacted by deposit growth.

The net income and diluted earnings per share for Q3 were $7.5 million and $0.47, respectively. This reflects an improvement from the previous period. Additionally, there was a 28% improvement in sequential quarter pre-tax pre-provision net income.

The bank also originated $100.7 million in new loans in Q3, including $69.0 million funded. This included $85.3 million in commercial loans, with $65.4 million funded during the quarter.

Moreover, the bank's non-accrual and classified loans to total loans were at a year-to-date low for 2025, signifying improved credit quality.

In terms of capital, the bank's total risk-based capital remained strong at 16.13%, allowing for the repurchase of $1.1 million in shares in Q3 at prices below tangible book value.

Furthermore, the bank's total deposits increased by $137.5 million, primarily due to inflows from existing relationships combined with new relationships. Non-interest-bearing deposits remained strong at 43.1% of total deposits.

The bank's strong capital levels and liquidity were highlighted, with immediately available net funding of $2.0 billion, representing 202% coverage of estimated uninsured deposits.

In addition to the financial results, the bank emphasized its focus on building long-term shareholder value, maintaining a strong core deposit franchise, improving margin outlook, seasoned risk management, prudent loan growth, and robust capital levels.

Today the company's shares have moved -0.89% to a price of $25.125. For the full picture, make sure to review Bank of Marin Bancorp's 8-K report.

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