Bank of Marin

Q3 FY2026 EarningsQ3 FY26 beat consensus on all key financial levels: revenue $46.1M vs. $35.1M expected, and diluted EPS $0.62 vs. $0.57 expected. The outperformance was primarily driven by a significant 31.3% revenue beat, supported by a 10 basis point QoQ expansion in Net Interest Margin (NIM) to 3.48% and improved credit quality, with non-accrual loans dropping from 1.27% to 0.45% YTD. While operating expenses increased 5.6% YoY, the bank maintained robust liquidity with 178.5% coverage of uninsured deposits, suggesting a strong defensive posture in a fluctuating rate environment.