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

Bank of Marin Bancorp

29/01/2024 17:49

* Bank of Marin Bancorp  BMRC.OQ  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 81 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 35
cents per share.
    * Revenue fell 27.3% to $24.26 million from a year ago;
analysts
expected $25.33 million. 
    * Bank of Marin Bancorp's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $610
thousand.
    * Bank of Marin Bancorp shares had fallen by 4.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Bank of Marin
Bancorp is $23.00 
This summary was machine generated from LSEG data January 29 at
05:48 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 2023      0.32           0.04           Missed
 Sep. 30 2023      0.32           0.33           Beat
 Jun. 30 2023      0.43           0.28           Missed
 Mar. 31 2023      0.66           0.59           Missed