Bank of Marin Bancorp (BMRC)

Bank of Marin Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	100.58	98.51	93.87	91.61	84.67	84.33
Interest Income on Investments	39.64	40.99	36.17	16.74	14.96	16.11
Total Interest Income	140.22	139.49	130.04	108.35	99.64	100.44
Interest Paid on Deposits	44.91	25.17	2.46	2.03	2.82	4.45
Interest Paid on Borrowings	1.62	11.56	0.09	1.37	0.16	0.31
Total Interest Expense	46.53	36.73	2.55	3.4	2.98	4.76
Net Interest Income	93.69	102.76	127.49	104.95	96.66	95.68
Net Interest Income Growth (YoY)	-16.25%	-19.40%	21.48%	8.58%	1.02%	4.52%
Trust Income	2.4	2.15	2.23	2.22	1.85	1.91
Gain (Loss) on Sale of Investments	-38.45	-5.89	-0.06	-0.02	0.92	0.06
Other Non-Interest Income	6.2	6.34	6.65	5.23	4.47	4.7
Total Non-Interest Income	-27.71	4.68	10.82	9.03	8.55	8.52
Non-Interest Income Growth (YoY)	-	-56.78%	19.79%	5.64%	0.33%	-15.95%
Revenues Before Loan Losses	65.99	107.44	138.31	113.98	105.21	104.2
Provision for Loan Losses	6.62	2.23	-0.38	-2.44	6.16	1.03
Revenue	59.37	105.2	138.69	116.42	99.05	103.17
Revenue Growth (YoY)	-51.22%	-24.15%	19.13%	17.55%	-4.00%	1.47%
Salaries and Employee Benefits	43.11	41.21	39.1	36.42	31.68	31.2
Occupancy Expenses	4.55	4.91	4.31	4.21	4.59	4.23
Federal Deposit Insurance	1.9	1.88	1.18	0.89	0.47	0.36
Amortization of Goodwill & Intangibles	1.07	1.35	1.49	1.14	0.85	0.89
Selling, General & Administrative	20.74	19.41	20.09	17.77	15.11	15.63
Other Non-Interest Expense	10.75	9.96	7.18	5.17	4.72	5.04
Total Non-Interest Expense	82.77	79.48	74.41	66.18	58.46	57.84
EBT Excluding Unusual Items	-23.4	25.72	64.28	50.24	40.59	45.33
Pretax Income	-23.09	26.04	63.51	44.89	40.59	45.89
Income Tax Expense	-9.29	6.14	16.92	11.66	10.35	11.65
Net Income	-13.8	19.9	46.59	33.23	30.24	34.24
Net Income to Common	-13.8	19.9	46.59	33.23	30.24	34.24
Net Income Growth	-	-57.29%	40.20%	9.87%	-11.68%	4.96%
Basic Shares Outstanding	16	16	16	14	14	14
Diluted Shares Outstanding	16	16	16	14	14	14
Shares Change (YoY)	0.34%	0.36%	10.73%	5.91%	-1.28%	-1.68%
EPS (Basic)	-0.86	1.24	2.93	2.32	2.24	2.51
EPS (Diluted)	-0.86	1.24	2.92	2.30	2.22	2.48
EPS Growth	-	-57.53%	26.96%	3.60%	-10.48%	6.44%
Dividend Per Share	1.000	1.000	0.980	0.940	0.920	0.800
Dividend Growth	0%	2.04%	4.26%	2.17%	15.00%	25.00%
Effective Tax Rate	-	23.59%	26.65%	25.97%	25.49%	25.39%

Source: S&P Capital IQ. Banks template. Financial Sources.