Bank of Marin Bancorp (BMRC)

Bank of Marin Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	101.65	101.48	98.51	93.87	91.61	84.67
Interest Income on Investments	40.72	39.79	40.99	36.17	16.74	14.96
Total Interest Income	142.37	141.27	139.49	130.04	108.35	99.64
Interest Paid on Deposits	45.3	46.37	25.17	2.46	2.03	2.82
Interest Paid on Borrowings	0.15	0.24	11.56	0.09	1.37	0.16
Total Interest Expense	45.45	46.61	36.73	2.55	3.4	2.98
Net Interest Income	96.91	94.66	102.76	127.49	104.95	96.66
Net Interest Income Growth (YoY)	1.42%	-7.88%	-19.40%	21.48%	8.58%	1.02%
Trust Income	2.43	2.42	2.15	2.23	2.22	1.85
Gain (Loss) on Sale of Investments	-32.54	-32.54	-5.89	-0.06	-0.02	0.92
Other Non-Interest Income	6.69	6.6	6.34	6.65	5.23	4.47
Total Non-Interest Income	-21.24	-21.36	4.68	10.82	9.03	8.55
Non-Interest Income Growth (YoY)	-	-	-56.78%	19.79%	5.64%	0.33%
Revenues Before Loan Losses	75.67	73.3	107.44	138.31	113.98	105.21
Provision for Loan Losses	5.04	5.32	2.23	-0.38	-2.44	6.16
Revenue	70.63	67.98	105.2	138.69	116.42	99.05
Revenue Growth (YoY)	-27.67%	-35.38%	-24.15%	19.13%	17.55%	-4.00%
Salaries and Employee Benefits	42.41	42.39	41.21	39.5	36.42	31.68
Occupancy Expenses	5	4.8	4.91	4.31	4.21	4.59
Federal Deposit Insurance	1.82	1.86	1.88	1.18	0.89	0.47
Amortization of Goodwill & Intangibles	0.95	0.98	1.35	1.49	1.14	0.85
Selling, General & Administrative	20.21	20.54	19.41	20.23	17.77	15.11
Other Non-Interest Expense	10.46	10.57	9.96	7.5	5.17	4.72
Total Non-Interest Expense	81.91	81.82	79.48	75.27	66.18	58.46
EBT Excluding Unusual Items	-11.28	-13.84	25.72	63.42	50.24	40.59
Pretax Income	-11.28	-13.84	26.04	63.51	44.89	40.59
Income Tax Expense	-4.83	-5.43	6.14	16.92	11.66	10.35
Net Income	-6.46	-8.41	19.9	46.59	33.23	30.24
Net Income to Common	-6.46	-8.41	19.9	46.59	33.23	30.24
Net Income Growth	-	-	-57.29%	40.20%	9.87%	-11.68%
Basic Shares Outstanding	16	16	16	16	14	14
Diluted Shares Outstanding	16	16	16	16	14	14
Shares Change (YoY)	-0.21%	0.10%	0.36%	10.73%	5.91%	-1.28%
EPS (Basic)	-0.40	-0.52	1.24	2.93	2.32	2.24
EPS (Diluted)	-0.40	-0.52	1.24	2.92	2.30	2.22
EPS Growth	-	-	-57.53%	26.96%	3.60%	-10.48%
Dividend Per Share	1.000	1.000	1.000	0.980	0.940	0.920
Dividend Growth	-	-	2.04%	4.25%	2.17%	15.00%
Effective Tax Rate	-	-	23.59%	26.65%	25.97%	25.49%

Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q