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

Bank of Marin Bancorp

23/10/2023 14:31

* Bank of Marin Bancorp  BMRC.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 32 cents per share.
    * Revenue fell 25.9% to $24.47 million from a year ago;
analysts
expected $24.89 million. 
    * Bank of Marin Bancorp's reported EPS for the quarter was
33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Bank of Marin Bancorp shares had fallen by 5.8% this
quarter and
lost 47.6% so far this year.
    * The company reported quarterly net income of $5.3 million.
    * Wall Street's median 12-month price target for Bank of
Marin
Bancorp is $22.00 
    * 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
October 23 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.80           0.81           Beat