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Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services. It also provides commercial real estate, commercial and industrial, small business, and consumer loans, as well as construction financing and home equity lines of credit. In addition, the company offers merchant and payroll services; commercial equipment leasing program; payment solutions; treasury management services; credit cards; automated teller machines; and mobile deposit, remote deposit capture, automated clearing house, wire transfer, and image lockbox services. Further, it provides wealth management and trust services comprising customized investment portfolio management, trust administration, estate settlement, and custody services; international banking; and telephone and digital banking services. The company was founded in 1989 and is headquartered in Novato, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $29M | - | $-36M | $37M | -9.0% | -58.6% | 324.2% |
| 2024 | $70M | - | $-8M | $28M | -1.9% | -33.5% | -142.3% |
| 2023 | $105M | - | $20M | $34M | 4.5% | -24.0% | -57.3% |
| 2022 | $138M | - | $47M | $53M | 11.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 138.14 | 104.97 | 69.77 | 28.91 |
| Operating Revenue | - | 138.14 | 104.97 | 69.77 | 28.91 |
| Selling General And Administration | - | 45.42 | 47.78 | 48.85 | 51.41 |
| Interest Income | - | 130.04 | 139.49 | 141.27 | 152.43 |
| Interest Expense | - | 2.55 | 39.14 | 49.69 | 46.39 |
| Net Interest Income | - | 127.49 | 100.35 | 91.58 | 106.04 |
| Pretax Income | - | 63.51 | 26.04 | -13.84 | -52.48 |
| Tax Provision | - | 16.92 | 6.14 | -5.43 | -16.81 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Net Income From Continuing And Discontinued Operation | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Net Income From Continuing Operation Net Minority Interest | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Net Income | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Net Income Common Stockholders | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Net Income Including Noncontrolling Interests | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Normalized Income | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Diluted NI Availto Com Stockholders | - | 46.59 | 19.90 | -8.41 | -35.67 |
| Basic Average Shares | - | 15.92 | 16.01 | 16.04 | 15.94 |
| Diluted Average Shares | - | 15.97 | 16.03 | 16.04 | 15.94 |
| Reconciled Depreciation | - | 3.33 | 3.45 | 2.44 | 2.14 |
| Total Unusual Items | -0.59 | -0.71 | - | - | - |
| Total Unusual Items Excluding Goodwill | -0.59 | -0.71 | - | - | - |
| Special Income Charges | -0.59 | -0.71 | - | - | - |
| Other Special Charges | 0.59 | 0.71 | - | - | - |
| Gain On Sale Of Security | - | -0.06 | -5.89 | -32.54 | -88.20 |
| Depreciation Amortization Depletion Income Statement | - | 3.33 | 3.45 | 2.44 | 2.14 |
| Depreciation And Amortization In Income Statement | - | 3.33 | 3.45 | 2.44 | 2.14 |
| Other Gand A | 6.69 | - | - | - | - |
| Salaries And Wages | - | 43.15 | 44.66 | 45.90 | 48.57 |
| Insurance And Claims | - | 1.18 | 1.88 | 1.86 | 1.81 |
| Selling And Marketing Expense | - | 1.09 | 1.24 | 1.09 | 1.03 |
| Amortization | - | 1.49 | 1.35 | 0.98 | 0.88 |
| Amortization Of Intangibles Income Statement | - | 1.49 | 1.35 | 0.98 | 0.88 |
| Occupancy And Equipment | - | 7.82 | 8.31 | 8.24 | 8.51 |
| Depreciation Income Statement | - | 1.84 | 2.10 | 1.47 | 1.26 |
| Professional Expense And Contract Services Expense | - | 3.30 | 3.60 | 5.13 | 4.30 |
| Other Non Interest Expense | - | 15.16 | 13.56 | 13.63 | 14.48 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bank of Marin Bancorpthis co. | BMRC | $417M | -11.70 | 1.06 | -9.0% | - |
| Colony Bankcorp, Inc. | CBAN | $425M | 15.03 | 1.13 | 7.5% | - |
| Bankwell Financial Group, Inc. | BWFG | $424M | 12.06 | 1.41 | 11.7% | - |
| Bank7 Corp. | BSVN | $424M | 9.85 | 1.69 | 17.2% | - |
| GBank Financial Holdings Inc. | GBFH | $421M | 20.12 |
| - |
| - |
| - |
| - |
| - |
| 2.54 |
| 12.6% |
| - |
| West Bancorporation, Inc. | WTBA | $407M | 12.50 | 1.53 | 12.2% | - |
| RBB Bancorp | RBB | $406M | 12.71 | 0.78 | 6.1% | - |
| Commercial Bancgroup, Inc. | CBK | $400M | 10.75 | 1.40 | 13.0% | - |
| Investar Holding Corporation | ISTR | $395M | 17.24 | 1.46 | 8.5% | - |
| Peer Median | - | 12.61 | 1.43 | 12.0% | - | |