Earnings Releases·Oct 26, 2026, 8:55 AM ET

Bank of Marin Bancorp — Third Quarter 2026 Earnings Summary

Net income rose to $9.9 million ($0.62 EPS), up 32% year-over-year and 7.6% sequentially, driven by a 17.4% increase in pre-tax, pre-provision net income and a 50.9% year-over-year gain.
Efficiency ratio improved to 58.65% from 63.62% in the prior quarter, supported by a $1.0 million reduction in non-interest expenses and a 10 basis point expansion in net interest margin to 3.48%.
Total loans grew 2.07% to $2.144 billion, fueled by $63.6 million in new fundings and a $31.1 million residential mortgage pool purchase, while non-interest-bearing deposits rose $45.0 million to 37.8% of the total.
Management projects modest net interest margin expansion and expects capital ratios to remain well above regulatory minimums over a five-year horizon, citing strong liquidity and legacy loan repricing.
The Board declared a $0.25 quarterly dividend (86th consecutive); the $25.0 million share repurchase program has $23.9 million remaining, with no repurchases executed in the quarter.