Bank of Marin Q3 EPS $0.62, NIM 3.48%, Declares $0.25 Dividend
BMRC sits 16% above its 52-week low of $23.35.
Summary
Bank of Marin earned $9.9 million, or $0.62 per diluted share, in Q3 2026 as net interest margin widened to 3.48%, and declared a $0.25 quarterly dividend. Classified loans rose to 1.63% of the portfolio on one $14.1 million CRE downgrade, and tangible book value slipped on wider unrealized securities losses.
Key Events · Earnings and Guidance · BMRC
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Q3 Net Income $9.9 Million
Diluted EPS of $0.62 versus $0.58 in Q2 2026 and $0.47 a year ago; net income rose 7.4% sequentially and 32.0% year over year.
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Margin Expands to 3.48%
Net interest margin gained 10 bps on an 11 bp rise in average loan yields and a 4 bp decline in cost of deposits to 1.24%.
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Classified Loans Jump to 1.63%
Classified loans rose $15.2 million to $35.0 million, driven by a $14.1 million owner-occupied CRE downgrade; management says the borrower is paying as agreed with no expected loss potential.
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$0.25 Quarterly Dividend Declared
Board approved the 86th consecutive quarterly dividend on October 22, 2026, payable November 12 to holders of record November 5.
Analysis · BMRC · Finance
Third-quarter net income rose to $9.9 million from $9.2 million sequentially and $7.5 million a year ago, with diluted EPS of $0.62 versus $0.58 and $0.47. The margin did the work: net interest margin expanded 10 bps to 3.48% on an 11 bp lift in loan yields and a 4 bp drop in deposit costs. The offsetting item is credit — classified loans jumped to 1.63% of the portfolio from 0.95% on a single $14.1 million owner-occupied CRE downgrade, though management says the borrower is paying as agreed with no expected loss. Book value per share fell $1.14 to $23.37 as higher rates pushed accumulated other comprehensive loss wider by $24.8 million, cutting tangible common equity to tangible assets to 8.05%. The board declared a $0.25 quarterly dividend, the 86th straight, payable November 12.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BMRC was trading at $27.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $439M. The 52-week trading range was $23.35 to $30.92. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.