Bank of Marin Bancorp

Bank of Marin Bancorp held its Annual Meeting of Shareholders on May 27, 2026. Shareholders elected ten members to the Board of Directors, approved executive compensation on an advisory basis, and ratified Baker Tilly US as the independent auditor for 2026. Following the meeting, the Board of Directors also approved the composition of its Compensation, Audit, and Nominating and Governance Committees, effective the same day.

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.

Bank of Marin Bancorp (BMRC) reported Q1 2026 net income of $8.5 million, a 75% increase year-over-year, with diluted earnings per share of $0.53, up 76.7%. The company achieved further improvements in its tax-equivalent net interest margin, which expanded by 6 basis points quarter-over-quarter to 3.24%. Asset quality significantly improved, marked by a substantial decline in non-accrual and classified loans, and total deposits grew by 0.37% with a flat cost of deposits. The Board also declared an $0.25 per share cash dividend.