BMRC

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EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE MEDIA CONTACT:

Yahaira Garcia-Perea

Marketing & Corporate Communications Manager

916-823-7214 | YahairaGarcia-Perea@bankofmarin.com

BANK OF MARIN BANCORP REPORTS THIRD QUARTER FINANCIAL RESULTS DRIVEN BY LOAN GROWTH, NIM EXPANSION AND HIGHER EARNINGS

NOVATO, CA, October 26, 2026 - Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," completed another quarter of improved financial performance, reflecting continued enhanced profitability and overall balance sheet strength. This performance was supported by progress across key financial and operating priorities:

•Increased earnings per share, pre-tax pre-provision net income, and return on average tangible common equity

•Expanded net interest margin from higher loan yields and reduced deposit costs, and grew both total deposits and noninterest-bearing deposits

•Loan growth from organic originations supplemented by a loan pool purchase

•Core non-interest income growth

•Prudent expense management

BMRC reports net income of $9.9 million for the third quarter of 2026. This compares to net income of $9.2 million for the second quarter of 2026 and net income of $7.5 million for the third quarter of 2025. Diluted earnings per share was $0.62 for the third quarter, compared to $0.58 for the prior quarter and $0.47 for the third quarter of the prior year. Continued net interest margin expansion largely drove these increases, contributing to a 32% year-over-year increase in quarterly diluted earnings per share.

"Active management of deposit costs, growth in fee income, and expense discipline drove a 17% increase in pre-tax pre-provision net income on a sequential quarter basis," said President & CEO Tim Myers. "Organic originations drove loan growth during the quarter which was supplemented by a California residential loan pool purchase that utilized excess liquidity, diversified our earning assets, and is expected to provide attractive risk-adjusted returns."

Selected Financial Results

Comparable (non-GAAP) Excluding Loss on Sale of SecuritiesThree months endedNine months ended

(in thousands, except per share amounts; unaudited) September 30, 2026June 30, 2026% ChangeSeptember 30, 2025% ChangeSeptember 30, 2026September 30, 2025% Change

Pre-tax, pre-provision net income

Pre-tax, pre-provision net income (GAAP)$14,499 $12,353 17.4 %$9,610 50.9 %$38,449 $4,967 674.1 %

Comparable pre-tax, pre-provision net income (non-GAAP)

14,499 12,353 17.4 %9,610 50.9 %38,449 23,703 62.2 %

Net income

Net income (GAAP)9,934 9,246 7.4 %7,526 32.0 %27,690 3,866 616.2 %

Comparable net income (non-GAAP)9,934 9,246 7.4 %7,526 32.0 %27,690 17,064 62.3 %

Diluted earnings per share

Weighted average diluted shares

Diluted earnings per share (GAAP)$0.62 $0.58 6.9 %$0.47 31.9 %$1.73 $0.24 620.8 %

Comparable diluted earnings per share (non-GAAP)$0.62 $0.58 6.9 %$0.47 31.9 %$1.73 $1.07 61.7 %

See complete Reconciliation of GAAP and Non-GAAP Financial Measures below

Related non-GAAP tax benefit calculated using blended statutory rate of 29.5636%

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Concurrent with this release, Bancorp issued presentation slides providing supplemental information, some of which will be discussed during the third quarter 2026 earnings call. The earnings release and presentation slides are intended to be reviewed together and can be found online on Bank of Marin’s website at www.bankofmarin.com under “Investor Relations.”

Additional highlights for the third quarter of 2026 included the following:

•The third quarter tax-equivalent net interest margin improved 10 basis points over the preceding quarter to 3.48% from 3.38% due largely to improved average loan yields of 11 basis points.

•Return on average assets ("ROA"), return on average equity ("ROE"), return on average tangible common equity ("ROTCE") and the efficiency ratio improved on a GAAP basis from the prior quarter, as shown below. All ratios benefited from increased revenue and reduced non-interest expense in the third quarter. Non-GAAP ratios for the prior year exclude the loss on security sales in that period, all other factors unchanged, and with adjustments made based on our blended statutory tax rate of 29.56%. See Reconciliation of GAAP and Non-GAAP Financial Measures below.

Operating Results

Comparable (non-GAAP) Excluding Loss on Sale of SecuritiesThree months endedNine months ended

(in thousands, except per share amounts; unaudited) September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025

Return on average assets

Average assets$3,766,498 $3,850,140 $3,828,876 $3,867,814 $3,765,281

Return on average assets (GAAP)1.05 %0.96 %0.78 %0.96 %0.14 %

Comparable return on average assets (non-GAAP)1.05 %0.96 %0.78 %0.96 %0.61 %

Return on average equity

Average stockholders' equity$395,812 $395,328 $439,950 $396,378 $438,781

Return on average equity (GAAP)9.

EX-99.1

2 earningsrelease-ex991q22026.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE MEDIA CONTACT:

Yahaira Garcia-Perea

Marketing & Corporate Communications Manager

916-823-7214 | YahairaGarcia-Perea@bankofmarin.com

BANK OF MARIN BANCORP REPORTS SECOND QUARTER FINANCIAL RESULTS

QUARTERLY EPS OF $0.58, 14 BASIS POINT EXPANSION OF NET INTEREST MARGIN

NOVATO, CA, July 27, 2026 - Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," completed another quarter of improved financial performance, reflecting continued enhanced profitability, earnings power and overall balance sheet strength. This performance was supported by progress across key financial and operating priorities:

•Increased earnings per share

•Expanded net interest margin

•Reduced funding costs

•Improved asset quality

•Sustained loan origination growth

•Improving capital ratios

BMRC reports net income of $9.2 million for the second quarter of 2026. This compares to net income of $8.5 million for the first quarter of 2026 and a net loss of $8.5 million (net income of $4.7 million non-GAAP) for the second quarter of 2025. Diluted earnings per share was $0.58 for the second quarter, compared to diluted earnings per share of $0.53 for the prior quarter and diluted loss per share of $0.53 (earnings per share of $0.29 non-GAAP) for the second quarter of the prior year. Continued net interest margin expansion largely drove these increases, contributing to a 100% year-over-year increase in quarterly diluted earnings per share on a non-GAAP basis.

Selected Financial Results

Comparable (non-GAAP) Excluding Loss on Sale of SecuritiesThree months endedSix months ended

(in thousands, except per share amounts; unaudited) June 30, 2026March 31, 2026% ChangeJune 30, 2025% ChangeJune 30, 2026June 30, 2025% Change

Pre-tax, pre-provision net income (loss)

Pre-tax, pre-provision net income (loss) (GAAP)

$12,353 $11,597 6.5 %$(11,199)NM$23,950 $(4,643)NM

Comparable pre-tax, pre-provision net income (non-GAAP)

12,353 11,597 6.5 %7,537 63.9 %23,950 14,093 69.9 %

Net income (loss)

Net income (loss) (GAAP)

9,246 8,510 8.6 %(8,536)NM17,756 (3,660)NM

Comparable net income (non-GAAP)9,246 8,510 8.6 %4,662 98.3 %17,756 9,538 86.2 %

Diluted earnings (loss) per share

Weighted average diluted shares

Diluted earnings (loss) per share (GAAP)$0.58 $0.53 9.4 %$(0.53)NM$1.11 $(0.23)NM

Comparable diluted earnings per share (non-GAAP)$0.58 $0.53 9.4 %$0.29 100.0 %$1.11 $0.60 85.0 %

See complete Reconciliation of GAAP and Non-GAAP Financial Measures below

Related non-GAAP tax benefit calculated using blended statutory rate of 29.5636%

NM Not meaningful

Concurrent with this release, Bancorp issued presentation slides providing supplemental information, some of which will be discussed during the second quarter 2026 earnings call. The earnings release and presentation slides are intended to be reviewed together and can be found online on Bank of Marin’s website at www.bankofmarin.com. under “Investor Relations.”

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"Our profitability continued to benefit from the successful balance sheet restructuring actions we implemented over the past year, along with positive trends in higher-yielding loan originations, prudent expense management and disciplined deposit pricing strategies," said President & CEO Tim Myers. "Those efforts contributed to continued net interest margin expansion and stronger capital ratios during the quarter. While period-end loan balances declined due to the substantial planned exit within one relationship, healthy loan production and a meaningful decline in criticized loans reflect our ongoing focus on strengthening the balance sheet and improving credit quality."

Additional highlights for the second quarter of 2026 included the following:

•The second quarter tax-equivalent net interest margin improved 14 basis points over the preceding quarter to 3.38% from 3.24% due largely to improved average loan yields of eight basis points, targeted deposit rate cuts that dropped the average cost of deposits and interest bearing deposits by seven and six basis points, respectively, and active balance sheet management through one-way sales of deposits contributing to the decrease of seven basis points in the quarterly cost of deposits.

•During the quarter, the Bank continued working to improve credit quality which included the completion of a planned exit of $19.0 million in special mention loans related to one relationship, significantly reducing the Bank's exposure to the wine industry and reducing special mention loans to $100.9 million. Non-accrual loans declined by $191 thousand or 0.40% of total loans from 0.41%, while classified loans increased by $1.9 million, or 0.95% of total loans from 0.85% last quarter. Subsequent to quarter-end, the Bank received loan payoffs which reduced special mention loans and classified loans by $2.3 million and $785 thousand, respectively.

•The Bank recorded

EX-99.1

2 earningsrelease-ex991q12026.htm

EX-99.1

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE MEDIA CONTACT:

Yahaira Garcia-Perea

Marketing & Corporate Communications Manager

916-823-7214 | YahairaGarcia-Perea@bankofmarin.com

BANK OF MARIN BANCORP REPORTS FIRST QUARTER FINANCIAL RESULTS

FURTHER IMPROVEMENTS IN NET INTEREST MARGIN AND ASSET QUALITY

NOVATO, CA, April 27, 2026 - Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced net income of $8.5 million for the first quarter of 2026, compared to a net loss of $39.5 million due to the impact of its balance sheet restructuring (net income of $9.4 million, non-GAAP) for the fourth quarter of 2025. Largely as a result of continued net interest margin expansion, net income increased 75% year over year from $4.9 million for the same period in the prior year. Notably, the Bank showed continued seasonal improvement in loan originations and demonstrated significant improvement in credit quality as evidenced by a substantial decline in its non-accrual and classified loans, while deposit balances increased with flat cost of deposits. Diluted income per share was $0.53 for the first quarter, compared to diluted loss per share of $2.49 (diluted earnings per share of $0.59, non-GAAP) for the prior quarter. Results for the prior quarter include pre-tax losses on the sale of securities of $69.5 million, incurred as part of the repositioning to improve the bank's future earnings.

Comparable (non-GAAP) Excluding Loss on Sale of Securities

Three months endedYear to date

(in thousands, except per share amounts; unaudited) March 31, 2026December 31, 2025% ChangeMarch 31, 2026March 31, 2025% Change

Pre-tax, pre-provision net income (loss)

Pre-tax, pre-provision net income (loss) (GAAP)

$11,597 $(56,890)(120.4)%$11,597 $6,556 76.9 %

Comparable pre-tax, pre-provision net income (non-GAAP)

11,597 12,576 (7.8)%11,597 6,556 76.9 %

Net income (loss)

Net income (loss) (GAAP) 8,510 (39,541)(121.5)%8,510 4,876 74.5 %

Comparable net income (non-GAAP)8,510 9,391 (9.4)%8,510 4,876 74.5 %

Diluted earnings (loss) per share

Diluted earnings (loss) per share (GAAP) 0.53 (2.49)(121.3)%0.53 0.30 76.7 %

Comparable diluted earnings per share (non-GAAP)0.53 0.59 (10.2)%0.53 0.30 76.7 %

See complete Reconciliation of GAAP and Non-GAAP Financial Measures below

Related non-GAAP tax benefit calculated using blended statutory rate of 29.5636%

Concurrent with this release, Bancorp issued presentation slides providing supplemental information, some of which will be discussed during the first quarter 2026 earnings call. The earnings release and presentation slides are intended to be reviewed together and can be found online on Bank of Marin’s website at www.bankofmarin.com. under “Investor Relations.”

"During the first quarter, we remained focused on continued improvement in core banking fundamentals. We followed a strong fourth quarter with a seasonally high level of new loan originations and grew our deposits without increasing their total cost," said President & CEO Tim Myers. "At the same time, we sold our largest non-performing assets with no further impact to net income and showed notable improvement across key credit risk metrics."

Bancorp also provided the following highlights for the first quarter of 2026:

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•The first quarter tax-equivalent net interest margin improved 6 basis points over the preceding quarter to 3.24% from 3.18%, largely due to the effects of the securities repositioning in the fourth quarter of 2025, which provided a 21 basis point increase in annualized net interest margin for the first quarter over the prior quarter. The tax-equivalent net interest margin for the three months ended March 31, 2026 improved 47 basis points over the same period of the prior year due to the increase in deposits at a decreased average cost, higher average loan balances and rates, and the favorable impact of the securities repositioned in the second and fourth quarters of 2025, which resulted in higher yielding assets during the three months ended March 31, 2026.

•During the quarter, we worked diligently to improve our credit quality. We sold our longest tenured classified and non-accrual loans totaling $16.3 million, which were downgraded to substandard in 2021, and moved to non-accrual in 2024. At that time, we recorded specific reserves of $7.3 million based on property valuations. The note sales proceeds validated our reserve assumptions, with the charge-offs equaling the specific amounts reserved in our allowance for credit losses. While other workouts were offset by new downgrades, the impact of the note sales on credit metrics was substantial: Non-accrual loans declined from 1.27% of assets to 0.41%, and the ratio of classified to total loans decreased from 1.51% to 0.85%. Notably, following the note sales virtually all remaining non-accrual balances are comprised of one non-owner occupied commercial real