Bank of Marin gains after loan growth drives Q2 profit higher

Bank of Marin Bancorp

25/07/2022 16:24

** Shares of Bank of Marin  BMRC.O  up 3% at $33.05
    ** Co reports Q2 profit of $11.1 mln, or 69 cents/shr; up
50% from last year  urn:newsml:reuters.com:*:nBw4tryWLa
    ** Loan originations came in at $102.2 mln vs $41.8 mln last
year, highlighting the robust demand for borrowing
    ** Bank's investments portfolio also saw a boost in the
quarter, it says
    ** YTD as of last close, stock has lost nearly 14%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))