Bank Of Marin Bancorp Stock Earnings Reports

Bank of Marin reported a strong Q3 2025 with net income of $7.5 million (+65% year-over-year) and $0.47 per share. Key drivers were loan originations ($101M, $69M funded — largest funded volume since Q2 2022), deposit growth (mix of long-tenured client expansions and new relationships), higher asset yields (asset yield +17 bps sequentially), and disciplined expense control. Net interest margin benefited from higher earning asset balances and falling spot deposit costs (spot cost of deposits down to 1.24% as of Oct. 23), positioning the bank to capture further margin expansion if Fed cuts continue. Asset quality improved with upgrades reducing nonaccrual and classified loans, no provision for credit losses in the quarter, and an allowance for credit losses of 1.43% of loans. Capital remains strong (total risk-based capital 16.13%, TCE 9.72%), enabling a $0.25 quarterly cash dividend (82nd consecutive) and $1.1M of share repurchases when trading below tangible book. Management sees a healthy pipeline and expects similar loan production in Q4, will continue selective hiring (notably Sacramento) and technology investments, and is monitoring a potential HTM securities loss trade but has made no decision. Competition on pricing (including non‑recourse structures) is noted, but underwriting discipline remains intact. Overall, the bank is positioned for continued profitable growth, margin improvement, and market-share gains while balancing capital uses (buybacks, possible balance sheet actions, organic growth).