Bank Of Marin Bancorp (BMRC) AI Stock Analysis

• Market Cap: $337.97M
• Dividend Yield: 4.77%
• Average Volume (3M): 74.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: -16.98%
• EPS Growth: -141.53%
• Country: US
• Employees: 285
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): -0.52
• Shares Outstanding: 16,116,627
• 10 Day Avg. Volume: 88,438
• 30 Day Avg. Volume: 74,495
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.24
• Price to Cash Flow (P/CF): 8.30
• P/FCF Ratio: 5.00
• 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: 43.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

Bank Of Marin Bancorp's overall stock score reflects a balance of strong balance sheet and strategic growth potential against profitability and technical challenges. The high dividend yield is a positive aspect, but the negative P/E ratio and bearish technical indicators temper the overall outlook.

Positive Factors

Credit Risk Improvement

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

Credit Quality Concerns

Interest rate relief should mitigate office CRE pressures to a degree and reduce overall investor concern over the broader credit quality environment.

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 strength is commendable with low leverage and high equity, which provides stability. However, challenges in the income statement, particularly the negative net income and declining revenue, pose profitability risks. Cash flow remains positive but has weakened, indicating the need for strategic adjustments to improve operational performance.

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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
141.27M	104.97M	138.40M	115.08M	105.21M
	Gross Profit
141.27M	104.97M	138.40M	115.08M	105.21M
	EBIT
-35.22M	39.67M	66.06M	44.89M	40.59M
	EBITDA
0.00	0.00	66.84M	47.76M	43.59M
	Net Income Common Stockholders
-8.41M	19.89M	46.59M	33.23M	30.24M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.40B	30.45M	847.97M	1.52B	592.67M
	Total Assets
3.57B	3.80B	4.15B	4.31B	2.91B
	Total Debt
21.66M	49.20M	139.08M	25.85M	29.90M
	Net Debt
-36.69M	18.75M	93.65M	-321.79M	-170.42M
	Total Liabilities
3.27B	3.36B	3.74B	3.86B	2.55B
	Stockholders Equity
1.93B	439.06M	412.09M	450.37M	358.25M
Cash Flow		Free Cash Flow
28.36M	33.91M	53.01M	44.21M	39.86M
	Operating Cash Flow
28.36M	35.66M	55.28M	45.25M	40.84M
	Investing Cash Flow
195.17M	334.69M	-218.10M	-340.67M	-173.44M
	Financing Cash Flow
-116.69M	-385.32M	-139.40M	442.73M	149.53M

Bank Of Marin Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 20.97 is below the 20-day moving average (MA) of 21.71, below the 50-day MA of 23.27, and below the 200-day MA of 21.80, indicating a bearish trend. The MACD of -0.48 indicates Positive momentum. The RSI at 36.12 is Neutral, neither overbought nor oversold. The STOCH value of 16.31 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	70 Outperform	$10.68B	9.27	15.89%	2.92%	13.84%	2.04%
WABC	69 Neutral	$1.24B	8.95	16.67%	3.79%	-5.00%	-14.23%
BCML	67 Neutral	$287.38M	12.31	7.41%	1.94%	2.89%	-7.12%
Sector *	64 Neutral	$13.46B	9.44	9.34%	4.72%	16.14%	-8.80%
CVBF	61 Neutral	$2.44B	12.18	9.35%	4.57%	2.84%	-9.63%
BMRC	57 Neutral	$337.97M	―	-1.92%	4.77%	-16.98%	-141.53%

Bank Of Marin Bancorp Corporate Events

Bank of Marin Bancorp Q1 2025 Earnings Call Announcement

Bank of Marin Bancorp announced that its President and CEO, Tim Myers, and CFO, Dave Bonaccorso, will discuss the company’s financial results for the first quarter of 2025 in an earnings call on April 28, 2025. The results will be released prior to the call, and investors can access the webcast through the company’s website. This announcement provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction.

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.