Bank of Marin | 10-Q: FY2025 Q3 Revenue: USD 41.81 B

Revenue: As of FY2025 Q3, the actual value is USD 41.81 B.

EPS: As of FY2025 Q3, the actual value is USD 0.47, beating the estimate of USD 0.4133.

EBIT: As of FY2025 Q3, the actual value is USD -18.58 B.

Community Banking Segment

• Interest Income: $39,069 thousand for the three months ended September 30, 2025, compared to $36,319 thousand for the same period in 2024. For the nine months ended September 30, 2025, interest income was $110,596 thousand, compared to $104,797 thousand in 2024.
• Non-Interest Income: $2,181 thousand for the three months ended September 30, 2025, compared to $2,182 thousand for the same period in 2024. For the nine months ended September 30, 2025, non-interest income was - $11,741 thousand, compared to - $25,957 thousand in 2024.
• Net Interest Income: $28,193 thousand for the three months ended September 30, 2025, compared to $24,269 thousand for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $79,051 thousand, compared to $69,430 thousand in 2024.
• Provision for Credit Losses on Loans: No provision for the three months ended September 30, 2025, compared to $75 thousand for the nine months ended September 30, 2025, and $5,550 thousand in 2024.
• Non-Interest Expense: $21,328 thousand for the three months ended September 30, 2025, compared to $20,417 thousand for the same period in 2024. For the nine months ended September 30, 2025, non-interest expense was $64,082 thousand, compared to $63,480 thousand in 2024.
• Net Income (Loss): $7,526 thousand for the three months ended September 30, 2025, compared to $4,570 thousand for the same period in 2024. For the nine months ended September 30, 2025, net income was $3,866 thousand, compared to a loss of - $14,410 thousand in 2024.

Outlook and Strategy

• Core Business Focus: The company aims to maintain a strong capital position, with a total risk-based capital ratio of 16.13% for Bancorp and 15.11% for the Bank as of September 30, 2025. The focus is on managing deposit growth and maintaining a stable loan portfolio, with a net increase of $7.1 million in loans as of September 30, 2025.
• Non-Core Business: The company has repurchased 50,000 shares for $1.1 million during the third quarter of 2025, contributing to an increase in book value per share. The Board of Directors approved a cash dividend of $0.25 per share on October 23, 2025, marking the 82nd consecutive quarterly dividend.