Bank of Marin Bancorp reports results for the quarter ended December 31 - Earnings Summary

Bank of Marin Bancorp

27/01/2025 14:31

* Bank of Marin Bancorp  BMRC.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of six analysts
for the quarter was for earnings of 32 cents per share. Wall
Street expected results to range from 29 cents to 36 cents per
share.
    * Revenue rose 4% to $25.23 million from a year ago;
analysts
expected $26.43 million. 
    * Bank of Marin Bancorp's reported EPS for the quarter was
38
cents​.
    * The company reported quarterly net income of $6 million.
    * Bank of Marin Bancorp shares had risen by 0.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Bank of Marin
Bancorp is $28.00 
This summary was machine generated from LSEG data January 27 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.32           0.38           Beat
 Sep. 30 2024      0.27           0.28           Beat
 Jun. 30 2024      0.18           0.06           Missed
 Mar. 31 2024      0.26           0.18           Missed