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Bank Of Marin Bancorp (BMRC)
NASDAQ:BMRC
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.32Last Year’s EPS
$0.04Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 11.49%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted improvements in net interest margin, deposit growth, and strong capital ratios while addressing challenges such as interest reversals and legal expenses. The company is optimistic about future performance improvements due to strategic actions and continued expense management.Company Guidance
During the Q3 2024 earnings call for BMRC, several key metrics and strategic initiatives were discussed. The company reported a net income of $4.6 million or $0.28 per share, with net interest income rising by 8% to $24.3 million, due to an 18 basis point increase in net interest margin. The balance sheet repositioning and cost management efforts led to a reduction in noninterest expense by $1.5 million, mainly from decreased salaries and benefits. Total loan commitments for the quarter amounted to $44 million, with $28 million funded. Total deposits grew by $96 million, driven by a $55 million increase in noninterest-bearing deposits. The company's capital ratios remained robust, with a total risk-based capital ratio of 16.4% and a TCE ratio of 9.72%. Additionally, the bank resumed share repurchases, buying back 220,000 shares at over $4 million. The management expressed confidence in future profitability, supported by a diversified loan pipeline and strategic investments in talent and technology to enhance efficiencies and customer experience.Net Interest Margin Improvement
The company reported an 8% increase in net interest income from the prior quarter, largely driven by an 18 basis point increase in net interest margin due to balance sheet repositioning and a shift in deposit pricing.
Deposit Growth
Total deposits increased by $96 million during the quarter, with a $55 million increase in noninterest-bearing deposits, including contributions from nearly 1,200 new deposit accounts.
Strong Capital Ratios
The company maintained strong capital ratios, with a total risk-based capital ratio of 16.4% and a TCE ratio of 9.72%.
Share Repurchases
The company resumed share repurchases in the last quarter, buying back 220,000 shares totaling over $4 million.
Restructured Expenses and Efficiency
Noninterest expenses decreased by $1.5 million from the prior quarter, mostly due to a decline in salaries and benefits expenses from staff reductions.
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BMRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BMRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $21.59 | $22.51 | +4.26% |
| Jul 29, 2024 | $21.83 | $19.15 | -12.28% |
| Apr 29, 2024 | $14.84 | $13.88 | -6.47% |
| Jan 29, 2024 | $19.94 | $19.25 | -3.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bank Of Marin Bancorp (BMRC) report earnings?
Bank Of Marin Bancorp (BMRC) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Bank Of Marin Bancorp (BMRC) earnings time?
Bank Of Marin Bancorp (BMRC) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMRC EPS forecast?
BMRC EPS forecast for the fiscal quarter 2024 (Q4) is $0.32.
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