| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 30.94 | 200.7% | 13.9% |
| Total Income | 30.94 | 200.7% | 13.9% |
| Expenditure | 21.33 | 0.7% | 5.7% |
| PBT | 9.61 | 185.8% | 37.9% |
| Net Profit | 7.53 | 188.2% | 64.8% |
| OPM | — | ||
| NPM | 24.33% | 107.27pp | 7.50pp |
| EPS | 0.47 | 188.7% | 67.9% |
Bank of Marin Bancorp Reports Q3 2025 Net Income of $7.5 Million
04 May 2026 · 4 May, 8:47 am
Summary
Bank of Marin Bancorp reported net income of $7.5 million for the third quarter of 2025, a significant improvement from the net loss of $8.5 million in the previous quarter. Diluted income per share was $0.47, compared to a diluted loss per share of $(0.53) in the second quarter. The bank's financial performance continues to improve, with growth in quarterly earnings per share and an advance in net interest margin. Total deposits increased by 4.2% to $3.383 billion, driven by inflows from existing and new customer relationships. The company also repurchased 50,000 shares during the quarter.
Key Highlights
- 1
Bank of Marin Bancorp reported net income of $7.5 million for the third quarter of 2025.
- 2
Diluted income per share was $0.47 for the third quarter, compared to a diluted loss per share of $(0.53) for the prior quarter.
- 3
The third quarter tax-equivalent net interest margin improved 15 basis points over the preceding quarter to 3.08%.
- 4
Total deposits increased 4.2% to $3.383 billion as of September 30, 2025, compared to $3.245 billion as of June 30, 2025.
- 5
Classified loans were 2.36% of total loans compared to 2.95% last quarter.
- 6
Bancorp repurchased 50,000 shares for $1.1 million at an average price of $22.33 per share during the third quarter of 2025.
- 7
The Board of Directors declared a cash dividend of $0.25 per share on October 23, 2025.
Management Comments
Tim Myers
“The Bank’s financial performance continues to improve with 68% growth in quarterly earnings per share and a 38 basis point advance in net interest margin compared to the third quarter of 2024,” said Tim Myers, President and Chief Executive Officer. “We generated an accelerated amount of loan growth while maintaining our disciplined underwriting criteria and with a healthy pipeline, we expect to see continued loan growth over the remainder of the year. “Our longstanding culture of prudent credit risk management drove a substantial reduction in classified loans and a smaller decline in non-accrual loans. We had a meaningful payoff in a non-accrual relationship already in the fourth quarter and expect further credit quality improvements by year end. We had strong deposit growth during the third quarter reflecting typical seasonal trends, the deepening of existing relationships, and the growth of new relationships."
Dave Bonaccorso
“The Bank’s 28% improvement in sequential quarter pre-tax pre-provision net income reflects benefits from organic growth as well as the expected impacts of our balance sheet repositioning activities,” said Chief Financial Officer Dave Bonaccorso. “We will continue to explore additional repositioning activities that could improve earnings and allow for investments in the long-term growth of the Bank."
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