Bank of Marin Bancorp expected to post earnings of 32 cents a share - Earnings Preview

Bank of Marin Bancorp

26/01/2024 14:09

* Bank of Marin Bancorp  BMRC.OQ   BMRC.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 29
for the period ending December 31 2023
    * The Novato California-based  company is expected to report
a
24.1% decrease in revenue to $25.331 million from $33.37 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Net
Interest Income (NII))
    * ​LSEG's mean analyst estimate for Bank of Marin Bancorp is
for
earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Bank of
Marin
Bancorp is $23.00​, above​ its last closing price of $20.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.33        0.32       0.33      Beat    3.8
 Jun. 30 2023  0.41        0.43       0.28      Missed  -34.4
 Mar. 31 2023  0.62        0.66       0.59      Missed  -10.2​
 Dec. 31 2022  0.80        0.80       0.81      Beat    1.7
 ​​Sep.        0.74        0.74       0.76      Beat    2.7
 30 2022                                                
 Jun. 30 2022  0.68        0.65       0.69      Beat    5.9​
 Mar. 31 2022  0.65        0.65       0.66      Beat    1.5
 Dec. 31 2021  0.60        0.59       0.61      Beat    2.6
 This summary was machine generated January 26 at 14:09 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)