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

Bank of Marin Bancorp

24/04/2023 14:30

* Bank of Marin Bancorp  BMRC.OQ  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue rose 0% to $29.90 million from a year ago;
analysts
expected $32.33 million. 
    * Bank of Marin Bancorp's reported EPS for the quarter was
59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Bank of Marin Bancorp shares had fallen by 5.2% this
quarter and
lost 36.9% so far this year.
    * The company reported quarterly net income of $9.44
million.
    * Wall Street's median 12-month price target for Bank of
Marin
Bancorp is $25.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.66           0.59           Missed
 Dec. 31 2022      0.80           0.81           Beat
 Sep. 30 2022      0.74           0.76           Beat
 Jun. 30 2022      0.65           0.69           Beat