Bank of Marin Bancorp Reports Third Quarter Earnings of $5.3 Million
Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $5.3 million for the third quarter of 2023, compared to $4.6 million for the second quarter of 2023.
- Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $5.3 million for the third quarter of 2023, compared to $4.6 million for the second quarter of 2023.
- Loan originations for the third quarter were $22.7 million, compared to $22.8 million for the second quarter of 2023.
- Loan payoffs were $12.7 million for the third quarter, compared to $24.6 million for the second quarter of 2023.
- At September 30, 2023, the Bank had $120.0 million in outstanding borrowings, compared to $292.2 million at June 30, 2023, a reduction of $172.2 million.