Quarterly ResultMay 8, 2026, 04:27 PM
Bank of Marin Q1 Net Income $8.51M, EPS $0.53
AI Summary
Bank of Marin Bancorp reported a significant increase in net income for the first quarter of 2026, reaching $8.51 million, up from $4.88 million in the prior year. Diluted earnings per share also rose to $0.53 from $0.30 year-over-year. The company saw growth in net interest income and maintained a stable balance sheet with total deposits of $3.43 billion and loans, net of allowance, of $2.09 billion as of March 31, 2026. Notably, there was no provision for credit losses on loans during the quarter.
Key Highlights
- Net income for Q1 2026 rose to $8.51 million from $4.88 million YoY.
- Diluted EPS for Q1 2026 increased to $0.53 from $0.30 YoY.
- Net interest income grew to $30.30 million in Q1 2026, up from $24.13 million YoY.
- Total deposits reached $3.43 billion as of March 31, 2026.
- Loans, net of allowance, stood at $2.09 billion as of March 31, 2026.
- No provision for credit losses on loans was recorded in Q1 2026.
- Cash dividend of $0.25 per share was paid on common stock.
Price Impact
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