Bank of Marin Bancorp

Chart & Performance

D1W1MN

P/E

19.01

P/S

3.60

EPS

1.24

Div Yield, %

4.26%

Shrs. gr., 5y

2.70%

Rev. gr., 5y

0.64%

Revenues

105m

-24.16%

Net income

20m

-57.29%

CFO

36m

-35.49%

Dividend

Aug 08, 20240.25 USD/sh

Earnings

Jan 27, 2025

Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, professionals, not-for-profit organizations, and individuals in California, the United States. It offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry and insured cash sweep services. The company also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit. In addition, it offers merchant and payroll, and cash management services; credit cards; fraud detection tools; and mobile deposit, remote deposit capture, automated clearing house, wire transfer, and image lockbox services. Further, the company provides wealth management and trust services comprising customized investment portfolio management, financial planning, trust administration, estate settlement, and custody services, as well as 401(k) plan services; and automated teller machines, and telephone and digital banking services. It operates through 12 branch offices in Marin, southern Sonoma counties, and north of San Francisco, California; and a loan production office in San Francisco. The company was incorporated in 1989 and is headquartered in Novato, California.

URL

https://www.bankofmarin.com/

IPO date

Jul 05, 1973

Employees

317

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	104,967 -24.16%	138,397 20.26%	115,083 9.39%
Cost of revenue	47,782	52,248	51,382
Unusual Expense (Income)
NOPBT	57,185	86,149	63,701
NOPBT Margin	54.48%	62.25%	55.35%
Operating Taxes	6,141	16,923	11,658
Tax Rate	10.74%	19.64%	18.30%
NOPAT	51,044	69,226	52,043
Net income	19,895 -57.29%	46,586 40.20%	33,228 9.87%
Dividends	(16,106)	(15,673)	(13,107)
Dividend yield	4.56%	2.98%	2.44%
Proceeds from repurchase of equity	(70)	(351)	474,104
BB yield	0.02%	0.07%	-88.30%
Debt
Debt current	298	26,639	25,429
Long-term debt	46,110	165,717	51,277
Deferred revenue		(10,732)	14,234
Other long-term liabilities	3,339,183	(116,132)	(25,848)
Net debt	(1,461,271)	(2,429,917)	(2,948,293)
Cash flow
Cash from operating activities	35,659	55,277	45,253
CAPEX	(1,749)	(2,266)	(1,044)
Cash from investing activities	334,691	(218,097)	(340,666)
Cash from financing activities	(385,321)	(139,397)	442,734
FCF	139,114	31,260	91,634
Balance
Cash	30,453	847,970	1,515,209
Long term investments	1,477,226	1,774,303	1,509,790
Excess cash	1,502,431	2,615,353	3,019,245
Stockholders' equity	439,062	412,092	450,368
Invested Capital	3,374,005	3,599,327	3,848,213
ROIC	1.46%	1.86%	1.63%
ROCE	1.50%	2.14%	1.48%
EV
Common stock shares outstanding	16,026	15,969	14,422
Price	22.02 -33.03%	32.88 -11.68%	37.23 8.42%
Market cap	352,893 -32.79%	525,061 -2.21%	536,931 14.83%
EV	(1,108,378)	(1,904,856)	(2,411,362)
EBITDA	60,633	89,478	66,576
EV/EBITDA
Interest	36,733	2,549	3,402
Interest/NOPBT	64.24%	2.96%	5.34%