AI Earnings Predictions for Bank of Marin Bancorp (BMRC)

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

brmc-202601220001403475FALSEFY202500014034752026-01-222026-01-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 22, 2026

Commission File Number  001-33572 Bank of Marin Bancorp (Exact name of Registrant as specified in its charter)

California 20-8859754 (State or other jurisdiction of incorporation)   (IRS Employer Identification No.)

504 Redwood Blvd., Suite 100, Novato, CA 94947 (Address of principal executive office) (Zip Code)

Registrant’s telephone number, including area code:  (415) 763-4520

Not Applicable (Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act: Title of each classTrading SymbolName of each exchange on which registered Common stock, no par value and attached Share Purchase RightsBMRCThe Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Section 2 - Financial Information

Item 2.02    Results of Operations and Financial Condition

On January 26, 2026, Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, released its financial results for the fourth quarter and year ended December 31, 2025. A copy of the press release is included as Exhibit 99.1.

Section 8 - Other Events

Item 8.01     Other Events

In the press release, Bancorp announced that on January 22, 2026, its Board of Directors approved a quarterly cash dividend of $0.25 per share. The cash dividend is payable on February 12, 2026, to shareholders of record at the close of business on February 5, 2026.

A copy of the press release is attached to this report as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits

(d)    Exhibits.

Exhibit No.Description Page Number

99.1Press Release dated January 26, 2026 1-13 99.2Fourth Quarter 2025 Earnings Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:January 26, 2026BANK OF MARIN BANCORP By:/s/ David Bonaccorso David Bonaccorso Executive Vice President and Chief Financial Officer