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Bank of Marin Bancorp (BMRC)

Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp. A leading business and community bank in the San Francisco Bay Area, with assets of $2.9 billion, Bank of Marin has 21 retail branches, 5 commercial banking offices and 2 loan production offices located across 7 Bay Area counties. Bank of Marin provides commercial banking, personal banking, and wealth management and trust services. Specializing in providing legendary service to its customers and investing in its local communities, Bank of Marin has consistently been ranked one of the 'Top Corporate Philanthropists' by the San Francisco Business Times and one of the 'Best Places to Work' by the North Bay Business Journal. Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index.

BMRC stock data

Calendar

8 Aug 22
2 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 115.91M 115.91M 115.91M 115.91M 115.91M 115.91M
Cash burn (monthly) 18.33M 11.8M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 56.33M 36.27M n/a n/a n/a n/a
Cash remaining 59.57M 79.63M n/a n/a n/a n/a
Runway (months of cash) 3.2 6.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 22 Sanjiv Siddharth Sanghvi Common Stock Buy Acquire P No No 30.93 1,700 52.58K 1,831
5 Jul 22 Anderson Nicolas C Common Stock Other Acquire J No No 32.55 629 20.47K 5,347
5 Jul 22 Russell A Colombo Common Stock Other Acquire J Yes No 32.55 629 20.47K 28,775
5 Jul 22 Fite Charles D Common Stock Other Acquire J Yes No 32.55 629 20.47K 104,362
5 Jul 22 Heller H Robert Common Stock Other Acquire J Yes No 32.55 629 20.47K 14,767
50.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 96 101 -5.0%
Opened positions 7 14 -50.0%
Closed positions 12 11 +9.1%
Increased positions 32 29 +10.3%
Reduced positions 31 34 -8.8%
13F shares Current Prev Q Change
Total value 255.98M 266.74M -4.0%
Total shares 8.05M 7.61M +5.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 1.13M $35.85M -1.3%
Vanguard 862.18K $27.4M -0.1%
Manufacturers Life Insurance Company, The 752.24K $23.91M -1.2%
Dimensional Fund Advisors 745.02K $23.68M +3.1%
Alliancebernstein 611.59K $19.44M -4.9%
STT State Street 404.85K $12.87M +1.1%
Geode Capital Management 283.81K $9.02M +6.4%
AMP Ameriprise Financial 225.36K $7.16M -3.3%
NFJ Investment 157.37K $5M NEW
rhino investment partners 155.43K $4.94M +55.6%
Largest transactions Shares Bought/sold Change
NFJ Investment 157.37K +157.37K NEW
Steven Patrick Farmer 140.09K +140.09K NEW
Deprince Race & Zollo 138.68K +138.68K NEW
BAC Bank Of America 82.83K +72.44K +697.3%
rhino investment partners 155.43K +55.52K +55.6%
Russell Investments 61.71K +51.81K +523.3%
Panagora Asset Management 66.91K -36.95K -35.6%
Assenagon Asset Management 71.64K +32.83K +84.6%
Alliancebernstein 611.59K -31.71K -4.9%
Renaissance Technologies 118.57K -30.92K -20.7%

Financial report summary

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Management Discussion
  • Net interest income totaled $61.1 million for the six months ended June 30, 2022, compared to $46.6 million for the same period in the prior year. The $14.5 million increase from the prior year was primarily due to the larger investment portfolio generating an incremental $8.3 million, and $4.9 million related to higher balances and yields on the loan portfolio (net of a $3.7 million decrease in interest and fees on PPP loans). Additionally, 2021 included a $1.3 million accelerated discount from the early redemption of a subordinated debenture.
  • The tax-equivalent net interest margin was 3.01% in the six months ended June 30, 2022, compared to 3.28% in the same period in the prior year. The decrease was primarily attributed to a higher proportion of investment securities in the larger balance sheet associated with ARB's lower loan-to-deposit ratio and other deposit growth over the period. The decrease was partially offset by a shift to a higher percentage of non-PPP loans within the loan portfolio and the absence of trust preferred securities redemption that occurred in 2021.
  • other for short-term borrowings) implemented by the Federal Reserve Open Market Committee ("FOMC").

Content analysis

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