BMRC

MKT CAP:$418M

Bank of Marin Bancorp

Market Cap

$418M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$26.05+$0.26 (+1.01%)

Apr 22, 2026

Company Details

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, professionals, not-for-profit organizations, and individuals in California, t...

CEO

Timothy D. Myers

IPO Date

Dec 23, 1999

Website

www.bankofmarin.com

Key Metrics TTM

Revenue

$136M

+26.5% YoY

Net Income

$10M

EPS (Diluted)

$0.62

Free Cash Flow

$34M

Revenue / Share

$8.53

Gross Margin

68.4%

Operating Margin

10.7%

Net Margin

7.3%

FCF Margin

25.3%

P/S

3.1x

P/E

42.4x

Earnings Reports

Q4 2025

Apr 27, 2026

PENDING

FY 2025

Mar 13, 2026

$177M+51.8%EPS $2.73

Q3 2025

Nov 7, 2025

$41M+6.2%EPS $0.47

Q2 2025

Aug 8, 2025

$20M+435.7%EPS -$0.53

Q1 2025

May 12, 2025

$37M+3.1%EPS $0.30

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$34M	$33M	$14M
Q1 22	$33M	$34M	$14M
Q2 22	$35M	$34M	$15M
Q3 22	$36M	$35M	$17M
Q4 22	$37M	$36M	$18M
Q1 23	$37M	$33M	$13M
Q2 23	$37M	$26M	$6M
Q3 23	$36M	$25M	$7M
Q4 23	$29M	$17M	$392.0K
Q1 24	$36M	$24M	$4M
Q2 24	$4M	-$13M	-$34M
Q3 24	$38M	$26M	$7M
Q4 24	$38M	$27M	$10M
Q1 25	$37M	$27M	$6M
Q2 25	$20M	$9M	-$11M
Q3 25	$41M	$30M	$10M

Valuation

Quarter	P/S	P/E
Q4 21	5.0x	17.8x
Q1 22	4.5x	16.4x
Q2 22	3.9x	14.1x
Q3 22	3.5x	11.3x
Q4 22	3.7x	11.1x
Q1 23	2.4x	7.6x
Q2 23	2.0x	7.4x
Q3 23	2.0x	9.1x
Q4 23	2.4x	17.1x
Q1 24	1.9x	19.7x
Q2 24	2.5x	—
Q3 24	3.0x	—
Q4 24	3.2x	—
Q1 25	3.0x	—
Q2 25	2.7x	52.8x
Q3 25	2.9x	39.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$13M	$13M
Q1 22	$11M	$11M
Q2 22	$8M	$8M
Q3 22	$19M	$19M
Q4 22	$16M	$15M
Q1 23	$13M	$12M
Q2 23	$8M	$8M
Q3 23	$13M	$13M
Q4 23	$787.0K	$775.0K
Q1 24	$4M	$4M
Q2 24	$3M	$3M
Q3 24	$10M	$10M
Q4 24	$11M	$11M
Q1 25	$5M	$5M
Q2 25	$8M	$7M
Q3 25	$12M	$12M

Capital Expenditures

Quarter	CapEx
Q4 21	$211.0K
Q1 22	$130.0K
Q2 22	$224.0K
Q3 22	$408.0K
Q4 22	$2M
Q1 23	$1M
Q2 23	$385.0K
Q3 23	$86.0K
Q4 23	$12.0K
Q1 24	$161.0K
Q2 24	$89.0K
Q3 24	$106.0K
Q4 24	$164.0K
Q1 25	$314.0K
Q2 25	$967.0K
Q3 25	$411.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+31.1%	+37.8%
Q1 22	+30.0%	+39.8%
Q2 22	+27.8%	+34.7%
Q3 22	+14.0%	-21.5%
Q4 22	+8.3%	-6.2%
Q1 23	+11.5%	+26.9%
Q2 23	+6.7%	+58.8%
Q3 23	+0.5%	+50.5%
Q4 23	-20.2%	+51.3%
Q1 24	-3.0%	+32.2%
Q2 24	-90.1%	+22.9%
Q3 24	+4.9%	+5.8%
Q4 24	+30.8%	-0.8%
Q1 25	+3.1%	-4.4%
Q2 25	+435.7%	-19.0%
Q3 25	+6.2%	-0.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$352.0K	1.0%
Q1 22	$654.0K	2.0%
Q2 22	$560.0K	1.6%
Q3 22	$661.0K	1.8%
Q4 22	$321.0K	0.9%
Q1 23	$734.0K	2.0%
Q2 23	$467.0K	1.3%
Q3 23	$350.0K	1.0%
Q4 23	$286.0K	1.0%
Q1 24	$889.0K	2.5%
Q2 24	$163.0K	4.5%
Q3 24	$670.0K	1.8%
Q4 24	$57.0K	0.1%
Q1 25	$840.0K	2.3%
Q2 25	$369.0K	1.9%
Q3 25	$648.0K	1.6%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$11M	$305.0K
Q1 22	$12M	$347.0K
Q2 22	$11M	—
Q3 22	$11M	—
Q4 22	$10M	$281.0K
Q1 23	$12M	$278.0K
Q2 23	$12M	$296.0K
Q3 23	$11M	—
Q4 23	$11M	$347.0K
Q1 24	$13M	$296.0K
Q2 24	$13M	$324.0K
Q3 24	$12M	$178.0K
Q4 24	$10M	$291.0K
Q1 25	$13M	$226.0K
Q2 25	$13M	$269.0K
Q3 25	$13M	$299.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$171M	$955M	$1.1B
Q2 22	$116M	$893M	$1.0B
Q3 22	$186M	$812M	$998M
Q4 22	$45M	$1M	$47M
Q1 23	$38M	$798M	$836M
Q2 23	$40M	$771M	$811M
Q3 23	$123M	$659M	$782M
Q4 23	$30M	$100.0K	$31M
Q1 24	$36M	$19M	$55M
Q2 24	$231M	$22M	$253M
Q3 24	$229M	$105M	$335M
Q4 24	$137M	$136M	$273M
Q1 25	$260M	$406M	$666M
Q2 25	$229M	$61M	$290M
Q3 25	$219M	$53M	$272M
Q4 25	$225M	$1.3B	$1.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	16M	+6.9%	+17.7%
Q1 22	16M	-0.5%	+18.4%
Q2 22	16M	+0.1%	+21.2%
Q3 22	16M	+0.1%	+6.5%
Q4 22	16M	+0.2%	-0.2%
Q1 23	16M	-0.0%	+0.3%
Q2 23	16M	+0.1%	+0.4%
Q3 23	16M	+0.1%	+0.4%
Q4 23	16M	+0.1%	+0.3%
Q1 24	16M	+0.2%	+0.6%
Q2 24	16M	+0.1%	+0.6%
Q3 24	16M	-0.3%	+0.2%
Q4 24	16M	-0.6%	-0.5%
Q1 25	16M	+0.2%	-0.6%
Q2 25	16M	-0.1%	-0.7%
Q3 25	16M	-0.3%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$103.5K	328
Q1 22	$101.7K	328
Q2 22	$105.2K	328
Q3 22	$110.7K	328
Q4 22	$117.5K	313
Q1 23	$118.8K	313
Q2 23	$117.7K	313
Q3 23	$116.5K	313
Q4 23	$89.2K	329
Q1 24	$109.6K	329
Q2 24	$11.1K	329
Q3 24	$116.4K	329
Q4 24	$134.7K	285
Q1 25	$130.5K	285
Q2 25	$68.8K	285
Q3 25	$142.7K	285

Revenue / Employee