--- title: "Bank of Marin | 8-K: FY2026 Q2 Revenue: USD 33.95 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293933675.md" datetime: "2026-07-27T12:37:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293933675.md) - [en](https://longbridge.com/en/news/293933675.md) - [zh-HK](https://longbridge.com/zh-HK/news/293933675.md) --- # Bank of Marin | 8-K: FY2026 Q2 Revenue: USD 33.95 M Revenue: As of FY2026 Q2, the actual value is USD 33.95 M. EPS: As of FY2026 Q2, the actual value is USD 0.58, beating the estimate of USD 0.515. EBIT: As of FY2026 Q2, the actual value is USD 13.5 M. ### Financial Performance Overview Bank of Marin Bancorp reported a GAAP net income of $9.246 million for the second quarter of 2026, an increase from $8.510 million in the first quarter of 2026, and significantly improved from a net loss of - $8.536 million in the second quarter of 2025. For the six months ended June 30, 2026, GAAP net income was $17.756 million, compared to a net loss of - $3.660 million for the same period in 2025. Pre-tax, pre-provision net income (GAAP) for Q2 2026 was $12.353 million, up from $11.597 million in Q1 2026, and a substantial increase from - $11.199 million in Q2 2025. Year-to-date, pre-tax, pre-provision net income (GAAP) was $23.950 million, compared to - $4.643 million in the prior year period. #### Net Interest Income and Margin Net interest income for Q2 2026 totaled $30.781 million, a $479 thousand increase from the prior quarter. The tax-equivalent net interest margin expanded by 14 basis points to 3.38% in Q2 2026, up from 3.24% in Q1 2026 and 2.83% in Q2 2025. The average cost of interest-bearing deposits decreased from 2.10% to 2.04% in Q2 2026 compared to the prior quarter, and the average cost of total deposits decreased from 1.35% to 1.28%. #### Non-Interest Income and Expense Non-interest income was $3.169 million for Q2 2026, down from $3.834 million in Q1 2026. Non-interest expense totaled $21.597 million for Q2 2026, a decrease of $942 thousand from $22.539 million in Q1 2026. Excluding special items, non-interest income increased by $0.3 million quarter-over-quarter. Non-interest expense decreased by $0.9 million quarter-over-quarter. #### Operational Ratios - **Return on average assets (GAAP):** 0.96% for Q2 2026, up from 0.87% in Q1 2026 and an improvement from -0.92% in Q2 2025. For the six months ended June 30, 2026, it was 0.91%. - **Return on average equity (GAAP):** 9.38% for Q2 2026, up from 8.67% in Q1 2026 and an improvement from -7.80% in Q2 2025. For the six months ended June 30, 2026, it was 9.03%. - **Efficiency ratio (GAAP):** Improved to 63.62% in Q2 2026 from 66.03% in Q1 2026 and significantly better than 219.76% in Q2 2025. For the six months ended June 30, 2026, it was 64.82%. - **Return on Average Tangible Common Equity (GAAP):** 11.56% for the three months ended June 30, 2026, and 11.11% for the six months ended June 30, 2026. #### Balance Sheet Highlights Total assets were $3.856 billion at June 30, 2026, a decrease from $3.914 billion at March 31, 2026. Total loans decreased by $14.7 million to $2.101 billion as of June 30, 2026, from $2.116 billion as of March 31, 2026. Newly funded loans in Q2 2026 were $62.8 million. Total deposits decreased by $58.2 million, or 1.70%, to $3.370 billion at June 30, 2026, from $3.428 billion at March 31, 2026. Non-interest bearing deposits constituted 36.7% of total deposits at June 30, 2026, up from 35.9% at March 31, 2026. Cash, cash equivalents and restricted cash increased by $43.0 million to $279.6 million at June 30, 2026, from $236.6 million at March 31, 2026. The investment securities portfolio totaled $1.243 billion at June 30, 2026, a decrease of $83.4 million from March 31, 2026. Market Capitalization was $448.4 million as of June 30, 2026. #### Credit Quality Non-accrual loans declined by $191 thousand to $8.5 million (0.40% of total loans) at June 30, 2026, compared to $8.6 million (0.41%) at March 31, 2026. Classified loans increased by $1.9 million to $19.9 million (0.95% of total loans) at June 30, 2026, from $17.9 million (0.85%) at March 31, 2026. Special mention loans decreased to $100.9 million at June 30, 2026, from $119.4 million at March 31, 2026. Net charge-offs totaled $39 thousand in Q2 2026, significantly lower than $7.3 million in Q1 2026. A reversal of $320 thousand was recorded for the provision for credit losses on loans in Q2 2026. The Allowance for Credit Losses to Total Loans remained stable at 1.07% at June 30, 2026, compared to 1.08% at March 31, 2026. #### Capital Resources Bank of Marin Bancorp’s capital ratios remained above well-capitalized regulatory thresholds. Total risk-based capital improved by 32 basis points to 15.58% at June 30, 2026, from 15.26% at March 31, 2026. The tangible common equity to tangible assets (TCE ratio) increased by 19 basis points to 8.52% at June 30, 2026. The Tier I leverage ratio increased to 8.66% at June 30, 2026, from 8.23% in the prior quarter. Book value per share and tangible book value per share improved to $24.51 and $19.92, respectively. The Bank’s Total Risk-Based Capital improved to 14.61%, and the Bank’s TCE/TA improved to 9.03%. #### Liquidity As of June 30, 2026, Bank of Marin Bancorp had no outstanding short-term borrowings. Net available funding sources totaled $2.177 billion, representing 65% of total deposits and 214% of estimated uninsured and/or uncollateralized deposits. Total liquidity was $2,177.1 million as of June 30, 2026, with a 2.1x coverage ratio over estimated uninsured and/or uncollateralized deposits of $1,016.6 million. #### Outlook / Guidance Bank of Marin Bancorp’s capital plan and stress tests project capital ratios to remain above regulatory well-capitalized and internal policy minimums over a five-year forecast horizon, even under various stress scenarios. The company is focused on building long-term shareholder value through strategic initiatives, including growing non-interest income, achieving efficiency gains, and driving high-quality loan growth. 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