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Bank of Marin Bancorp Reports Third Quarter Earnings of $5.3 Million

Retrieved on: 
Monday, October 23, 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.

Key Points: 
  • 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.

Bank of Marin Bancorp Welcomes Cigdem Gencer to its Board of Directors

Retrieved on: 
Wednesday, October 18, 2023

The Board of Directors for Bank of Marin Bancorp (NASDAQ: BMRC), parent company of Bank of Marin, is pleased to announce the appointment of Cigdem Gencer to its board of directors.

Key Points: 
  • The Board of Directors for Bank of Marin Bancorp (NASDAQ: BMRC), parent company of Bank of Marin, is pleased to announce the appointment of Cigdem Gencer to its board of directors.
  • Gencer's appointment, which is effective October 20, 2023, increases the Board membership to thirteen directors.
  • "On behalf of the board of directors and Bank, I am honored to welcome Cigdem to our team," said Willie McDevitt, board chair.
  • A resident of San Francisco, Gencer is the board chair of San Francisco-Marin Food Bank.

Bank of Marin Bancorp Announces Executive Leadership Changes

Retrieved on: 
Wednesday, August 2, 2023

Bank of Marin Bancorp (Nasdaq: BMRC) and its wholly owned subsidiary, Bank of Marin, announce executive leadership changes including the appointment of David Bloom as Head of Commercial Banking and Nikki Sloan as the Head of Growth & Strategy, a newly created role at the Bank.

Key Points: 
  • Bank of Marin Bancorp (Nasdaq: BMRC) and its wholly owned subsidiary, Bank of Marin, announce executive leadership changes including the appointment of David Bloom as Head of Commercial Banking and Nikki Sloan as the Head of Growth & Strategy, a newly created role at the Bank.
  • This executive leadership restructuring will help propel growth in our Commercial Banking segment, while placing intentional focus on the execution of our strategic objectives to position the Bank for the future,” said Tim Myers, President and CEO.
  • He previously served as senior managing director of business banking in northern California and the Pacific Northwest at First Republic Bank.
  • Before joining Bank of Marin, Sloan served as a commercial banking leader and chief operating officer of commercial credit in San Francisco.

Bank of Marin Bancorp Reports Second Quarter Earnings of $4.6 Million

Retrieved on: 
Monday, July 24, 2023

Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $4.6 million for the second quarter of 2023, compared to $9.4 million for the first quarter of 2023.

Key Points: 
  • Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $4.6 million for the second quarter of 2023, compared to $9.4 million for the first quarter of 2023.
  • Diluted earnings per share were $0.28 for the second quarter, compared to $0.59 for the prior quarter.
  • Loan originations for the second quarter of 2023 were $22.8 million, compared to $44.9 million for the first quarter of 2023.
  • Loan payoffs were $24.6 million for the second quarter, compared to $22.2 million for the first quarter of 2023.

U.S. Bancorp Announces Plan to Transition Outstanding U.S. Bancorp-Issued U.S. Dollar LIBOR-linked Securities to Term SOFR As Replacement Reference Rate after June 30, 2023

Retrieved on: 
Tuesday, May 16, 2023

Bancorp”) that use 3-month U.S. dollar LIBOR (“USD LIBOR”) as the reference rate and are governed by U.S. law (such instruments collectively, the “Legacy LIBOR Instruments”).

Key Points: 
  • Bancorp”) that use 3-month U.S. dollar LIBOR (“USD LIBOR”) as the reference rate and are governed by U.S. law (such instruments collectively, the “Legacy LIBOR Instruments”).
  • Annex B provides details on such USD LIBOR-linked instruments that will transition to 3-month Term SOFR following June 30, 2023.
  • Annex C provides details on such USD LIBOR-linked instruments that will transition, pursuant to the terms of such instruments, to 3-month Term SOFR following June 30, 2023.
  • In advance of the June 30, 2023, further notices relating to 3-month Term SOFR as the benchmark replacement rate for USD LIBOR for Legacy LIBOR Instruments held through The Depository Trust Company (“DTC”) will be made pursuant to the DTC LIBOR Replacement Index Communication Tool.

Bank of Marin Bancorp Reports First Quarter Earnings of $9.4 Million

Retrieved on: 
Monday, April 24, 2023

Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $9.4 million in the first quarter of 2023, compared to $12.9 million in the fourth quarter of 2022 and $10.5 million in the first quarter of 2022.

Key Points: 
  • Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $9.4 million in the first quarter of 2023, compared to $12.9 million in the fourth quarter of 2022 and $10.5 million in the first quarter of 2022.
  • Diluted earnings per share were $0.59 in the first quarter, compared to $0.81 in the prior quarter, and $0.66 in the same quarter last year.
  • Loan originations for the first quarter of 2023 were $44.9 million, compared to $36.1 million for the fourth quarter of 2022 and $49.8 million for the first quarter of 2022.
  • Loan payoffs were $22.2 million for the first quarter, compared to $55.3 million for the fourth quarter of 2022 and $119.7 million for the first quarter of 2022, which included $70.4 million in PPP loan payoffs.

Bank of Marin Bancorp to Webcast Q3 Earnings on Monday, October 24 at 8:30 a.m. PT

Retrieved on: 
Wednesday, October 5, 2022

Bank of Marin Bancorp (Nasdaq: BMRC) will present its third quarter earnings call via webcast on Monday, October 24, 2022, at 8:30 a.m. PT/11:30 a.m.

Key Points: 
  • Bank of Marin Bancorp (Nasdaq: BMRC) will present its third quarter earnings call via webcast on Monday, October 24, 2022, at 8:30 a.m. PT/11:30 a.m.
  • Investors will have the opportunity to listen to the webcast online through Bank of Marins website at https://www.bankofmarin.com under Investor Relations.
  • Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC).
  • Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index.

Bank of Marin Bancorp to Webcast Q2 Earnings on Monday, July 25 at 8:30 a.m. PT

Retrieved on: 
Wednesday, July 6, 2022

Bank of Marin Bancorp (Nasdaq: BMRC) will present its second quarter earnings call via webcast on Monday, July 25, 2022 at 8:30 a.m. PT/11:30 a.m.

Key Points: 
  • Bank of Marin Bancorp (Nasdaq: BMRC) will present its second quarter earnings call via webcast on Monday, July 25, 2022 at 8:30 a.m. PT/11:30 a.m.
  • Investors will have the opportunity to listen to the webcast online through Bank of Marins website at https://www.bankofmarin.com under Investor Relations.
  • Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC).
  • Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index.

Bank of Marin Bancorp to Webcast Q1 Earnings on Monday, April 25 at 8:30 a.m. PT

Retrieved on: 
Wednesday, April 6, 2022

Bank of Marin Bancorp (Nasdaq: BMRC) will present its first quarter earnings call via webcast on Monday, April 25, 2022 at 8:30 a.m. PT/11:30 a.m.

Key Points: 
  • Bank of Marin Bancorp (Nasdaq: BMRC) will present its first quarter earnings call via webcast on Monday, April 25, 2022 at 8:30 a.m. PT/11:30 a.m.
  • Investors will have the opportunity to listen to the webcast online through Bank of Marins website at https://www.bankofmarin.com under Investor Relations.
  • Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC).
  • Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index.

Bank of Marin Bancorp to Webcast Q4 Earnings on Monday, January 24 at 8:30 a.m. PT

Retrieved on: 
Wednesday, January 5, 2022

Bank of Marin Bancorp (Nasdaq: BMRC) will present its fourth quarter earnings call via webcast on Monday, January 24, 2022 at 8:30 a.m. PT/11:30 a.m.

Key Points: 
  • Bank of Marin Bancorp (Nasdaq: BMRC) will present its fourth quarter earnings call via webcast on Monday, January 24, 2022 at 8:30 a.m. PT/11:30 a.m.
  • Investors will have the opportunity to listen to the webcast online through Bank of Marins website at https://www.bankofmarin.com under Investor Relations.
  • Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC).
  • Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index.