Bank of Marin Bancorp (BMRC) reported second-quarter 2026 net income of $9.2 million, compared with $8.5 million in the prior quarter and a net loss of $8.5 million a year earlier. Diluted earnings per share were $0.58, up from $0.53 in the first quarter and a diluted loss per share of $0.53 in the prior-year quarter.
The company said tax-equivalent net interest margin expanded 14 basis points to 3.38%. The board declared a quarterly cash dividend of $0.25 per share, payable August 13, 2026, to shareholders of record on August 6, 2026.
- Net interest income totaled $30.8 million for the second quarter, up $479 thousand from the prior quarter.
- Non-interest income was $3.2 million, compared with $3.8 million in the first quarter.
- Non-interest expense totaled $21.6 million, down $942 thousand from the prior quarter.
- Total deposits were $3.370 billion at June 30, 2026, down 1.7% from March 31, 2026.
- Total loans were $2.101 billion at June 30, 2026, compared with $2.116 billion at March 31, 2026.
- Total risk-based capital for Bancorp was 15.58% at June 30, 2026, compared with 15.26% at March 31, 2026.
