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

Bank of Marin Bancorp

29/04/2024 21:16

* Bank of Marin Bancorp  BMRC.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 59 cents.  The mean expectation of six analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 19 cents to 34 cents per share.
    * Revenue fell 24.1% to $22.69 million from a year ago;
analysts
expected $24.85 million. 
    * Bank of Marin Bancorp's reported EPS for the quarter was
18
cents​.
    * The company reported quarterly net income of $2.92
million.
    * Bank of Marin Bancorp shares had fallen by 7.9% this
quarter and
lost 29.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.4%
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 $19.00 
This summary was machine generated from LSEG data April 29 at
08:16 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
 Mar. 31 2024      0.26           0.18           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