Brief: Bank Of Marin Announces Strategic Balance Sheet Repositioning To Improve Future Earnings

Bank of Marin Bancorp

26/06/2024 22:35

Bank of Marin Bancorp  BMRC.O :
    * BANK OF MARIN ANNOUNCES STRATEGIC BALANCE SHEET
REPOSITIONING TO
IMPROVE FUTURE EARNINGS
    * BANK OF MARIN - SOLD $293 MILLION IN AVAILABLE-FOR-SALE
SECURITIES (AFS) AS PART OF A STRATEGY
    * BANK OF MARIN - SALE WILL RESULT IN AN ESTIMATED AFTER-TAX
LOSS
OF APPROXIMATELY $23 MILLION THAT WILL BE RECORDED IN Q2 OF 2024

Source text for Eikon:  ID:nBw36ydtla 
Further company coverage:  BMRC.O