Bank Of Marin Bancorp (BMRC) AI Stock Analysis

• Market Cap: $360.74M
• Dividend Yield: 4.29%
• Average Volume (3M): 69.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -16.98%
• EPS Growth: -141.53%
• Country: US
• Employees: 329
• Sector: Financial
• Sector Strength: 77
• Industry: Banking
• EPS (TTM): -0.52
• Shares Outstanding: 16,082,882
• 10 Day Avg. Volume: 75,911
• 30 Day Avg. Volume: 69,805
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 6.16
• Price to Cash Flow (P/CF): 9.50
• P/FCF Ratio: 5.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $30.00
• Price Target Upside: 33.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

Bank Of Marin Bancorp's overall score reflects a combination of strengths and challenges. The strong balance sheet and positive sentiment from the earnings call are significant positives. However, the negative net income and downward technical indicators present risks. The high P/E ratio suggests caution in valuation, while recent corporate events bolster future growth prospects. Overall, the stock is rated moderately, with potential for improvement as strategic initiatives take effect.

Positive Factors

Credit Risks

Credit issues that have hurt the stock recently seem to be getting better, and the bank's credit risks have incrementally eased.

Earnings Outlook

The Fed pivot has led to a better earnings outlook for Bank of Marin, making its shares appear compelling as they trade at a 30% discount to peers and a major discount to its own historical multiple.

Negative Factors

Office CRE Exposure

BMRC's sizeable office CRE exposure has been an area of concern, but the guaranteed loan remains current with pledged cash to cover payments through a 2026 maturity.

Bank Of Marin Bancorp Business Overview & Revenue Model

Company Description

Bank of Marin Bancorp (BMRC) is a bank holding company headquartered in Novato, California. It operates primarily through its subsidiary, Bank of Marin, which provides a comprehensive range of financial services to individuals, businesses, and non-profit organizations. The bank's core offerings include personal and business banking services, commercial lending, and wealth management solutions, primarily serving communities in the San Francisco Bay Area and Northern California.

How the Company Makes Money

Bank of Marin Bancorp generates revenue through a variety of financial services and products. The primary revenue streams include interest income from loans and investment securities, fees from banking services, and wealth management services. Interest income is derived from loans provided to individual and commercial clients, including real estate, construction, and commercial loans. The company also earns non-interest income through service charges on deposit accounts, transaction fees, and investment advisory fees. Additionally, strategic partnerships with local businesses and community organizations enhance their market presence and contribute to customer acquisition and retention, further supporting their revenue growth.

Bank Of Marin Bancorp Financial Statement Overview

Summary

Bank Of Marin Bancorp's financial health presents a mixed picture. The balance sheet is strong with low leverage and high equity, providing stability. However, the income statement shows challenges with negative net income and declining revenue, posing profitability risks. Cash flow remains positive, though it has weakened, indicating a need for strategic adjustments.

Income Statement

The income statement reflects a challenging period for Bank Of Marin Bancorp. The TTM figures show a negative net income and EBITDA, suggesting profitability concerns. Gross profit margin is positive but given the negative net income, net profit margin is unfavorable. Revenue has decreased compared to previous years, indicating contraction. EBIT margin remains positive but at a lower level compared to historical performance.

Balance Sheet

The balance sheet is relatively strong with a healthy equity base and a low debt-to-equity ratio, indicating low leverage. Return on equity is negative in the TTM period due to negative net income, but historically it has been positive. The equity ratio is strong, reflecting a stable financial position with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a decrease in operating cash flow and free cash flow from the previous year, but positive free cash flow indicates some financial flexibility. The free cash flow to net income ratio is not meaningful in the TTM period due to negative net income. Historically, the operating cash flow to net income ratio was positive, suggesting efficient cash generation relative to profits.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
117.16M	104.97M	138.40M	115.08M	105.21M	104.76M
	Gross Profit
144.16M	104.97M	138.40M	115.08M	105.21M	104.76M
	EBIT
10.74M	39.67M	66.06M	44.89M	40.59M	45.89M
	EBITDA
-4.95M	0.00	66.84M	47.76M	43.59M	49.01M
	Net Income Common Stockholders
-8.41M	19.89M	46.59M	33.23M	30.24M	34.24M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.40B	30.45M	847.97M	1.52B	592.67M	615.65M
	Total Assets
3.70B	3.80B	4.15B	4.31B	2.91B	2.71B
	Total Debt
21.51M	49.20M	139.08M	25.85M	29.90M	15.54M
	Net Debt
-115.80M	18.75M	93.65M	-321.79M	-170.42M	-167.85M
	Total Liabilities
3.27B	3.36B	3.74B	3.86B	2.55B	2.37B
	Stockholders Equity
435.41M	439.06M	412.09M	450.37M	358.25M	336.79M
Cash Flow		Free Cash Flow
15.90M	33.91M	53.01M	44.21M	39.86M	40.39M
	Operating Cash Flow
17.47M	35.66M	55.28M	45.25M	40.84M	40.93M
	Investing Cash Flow
204.64M	334.69M	-218.10M	-340.67M	-173.44M	-20.75M
	Financing Cash Flow
-23.38M	-385.32M	-139.40M	442.73M	149.53M	128.99M

Bank Of Marin Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMRC, the sentiment is Negative. The current price of 22.42 is below the 20-day moving average (MA) of 24.21, below the 50-day MA of 23.97, and above the 200-day MA of 21.01, indicating a neutral trend. The MACD of -0.39 indicates Positive momentum. The RSI at 31.57 is Neutral, neither overbought nor oversold. The STOCH value of 6.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BMRC.

Bank Of Marin Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EWBC	68 Neutral	$11.68B	10.13	15.89%	2.67%	13.84%	2.04%
BCML	68 Neutral	$277.37M	11.82	7.41%	1.81%	2.89%	-7.12%
WABC	67 Neutral	$1.32B	9.78	16.67%	3.46%	-5.00%	-14.23%
CVBF	64 Neutral	$2.66B	13.52	9.35%	4.20%	2.84%	-9.63%
Sector *	64 Neutral	$13.80B	10.64	9.23%	4.22%	17.66%	-7.66%
BMRC	57 Neutral	$360.74M	―	-1.92%	4.29%	-16.98%	-141.53%

Bank Of Marin Bancorp Corporate Events

Bank of Marin Bancorp to Attend Piper Sandler Forum

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the Piper Sandler Western Bank Forum on March 10-11, 2025. The bank reported strong financial performance in the fourth quarter of 2024, with a 36% increase in EPS and a 9.65% decline in the efficiency ratio. Despite a decrease in total deposits, the bank maintained a strong capital position and improved credit quality metrics. The strategic focus remains on building long-term shareholder value through disciplined business practices and community commitment.

Bank of Marin Bancorp Announces Board Member Departures

Bank of Marin Bancorp announced on February 19, 2025, that Directors William McDevitt and Sanjiv Sanghvi will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company plans to reduce the size of its Board by two members at the meeting, and the cooperation agreement with shareholders who nominated Mr. Sanghvi will terminate without extension.

Bank of Marin Bancorp Joins Stephens Virtual Bank Tour

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, David Bonaccorso, will participate in the Stephens Virtual West Coast Bank Tour from February 24-27, 2025. The presentation will be available on the company’s website. The bank reported strong financial performance in the fourth quarter of 2024, with a 36% increase in EPS, improved credit quality, and a decline in the efficiency ratio. Despite a decrease in total deposits, the bank maintained a strong capital position and liquidity, with a focus on long-term shareholder value and strategic growth.

Bank Of Marin Bancorp Highlights Growth at CEO Forum

Bank of Marin Bancorp announced the participation of its CEO Tim Myers and CFO David Bonaccorso in the upcoming Janney CEO Forum to be held on January 29-30, 2025. The forum will allow the company to present its strategic priorities and financial performance, which has shown a positive trend in recent quarters. In the fourth quarter of 2024, the bank originated $47.1 million in new loans, reduced the average cost of interest-bearing deposits, and achieved a 36% growth in EPS while maintaining strong credit quality and capital ratios. This announcement highlights the company’s commitment to building long-term shareholder value through prudent loan growth, efficient operations, and robust capital management.

Bank of Marin Bancorp’s Q4 2024 Earnings Call Announcement

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, along with EVP and CFO, Dave Bonaccorso, will discuss the company’s Q4 2024 financial results in an earnings call via webcast on January 27, 2025. The results will be released prior to the call, and investors can access the webcast on the company’s website, with a replay available shortly after. This announcement is part of the company’s ongoing communication strategy with stakeholders, reflecting its commitment to transparency and engagement with the investment community.

Bank of Marin Bancorp Appoints New CFO Dave Bonaccorso

Bank of Marin Bancorp announced the appointment of Dave Bonaccorso as Executive Vice President, Chief Financial Officer, and Principal Accounting Officer effective January 2, 2025. His compensation package includes a $365,000 annual salary, potential bonuses, equity incentives, a car allowance, and other benefits. The company has also established a Salary Continuation Agreement providing retirement benefits and a change in control agreement for Mr. Bonaccorso.