Bank of Marin Bancorp Q1 adjusted EPS misses estimates, net income up 75%

Bank of Marin Bancorp

27/04/2026 13:41

Overview

US business bank's Q1 net income rose 75% yr/yr on higher net interest margin

Adjusted EPS for Q1 missed analyst expectations

Company reported improved asset quality with declines in non-accrual and classified loans

Outlook

Bank of Marin Bancorp expects further net interest margin expansion during remainder of 2026

Bank says deposit costs remain stable; expects repricing benefits to support margin growth

Result Drivers

NET INTEREST MARGIN EXPANSION - Q1 margin rose due to securities repositioning, higher average loan balances and rates, and increased deposits at lower average cost

ASSET QUALITY IMPROVEMENT - Sale of non-performing loans and declines in non-accrual and classified loans drove improved credit metrics

DEPOSIT GROWTH WITH FLAT COST - Deposits increased due to inflows from existing and new relationships, while total deposit cost remained unchanged

Company press release: ID:nBw67fslza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
$0.53
$0.55 (6 Analysts)
Q1 EPS
$0.53
Q1 Net Interest Income
$30.30 mln
Q1 Net Interest Margin
3.24%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Bank of Marin Bancorp is $30.00, about 16% above its April 24 closing price of $25.87

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)