BMRC FY 2020 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2020 Earnings

Reported March 15, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$108M	—	$110M	—	-1.2%
Op. Income	$41M	—	$46M	—	-11.6%
Gross Margin	91.5%	—	94.8%	—	-3.3pp
Net Margin	28.0%	—	31.3%	—	-3.3pp
EPS (Diluted)	$2.22	—	$2.48	—	-10.5%
Free Cash Flow	$40M	—	$40M	—	-1.3%

Revenue Flow

Item	Amount
REVENUE	$108M
Cost of Revenue	$9M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$769.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$68M
OPERATING INCOME	$41M
Interest Income	$100M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$41M
Income Tax Expense	$10M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$3M
EBIT	$41M
EBITDA	$44M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$108M
Cost of Revenue	$9M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$769.0K
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$68M
OPERATING INCOME	$41M
Interest Income	$100M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$41M
Income Tax Expense	$10M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$3M
EBIT	$41M
EBITDA	$44M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$11M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$981.0K
Acquisitions (Net)	$0
Purchases of Investments	-$99M
Sales/Maturities of Investments	$177M
Other Investing Activities	-$250M
NET CASH FROM INVESTING	-$173M
Net Debt Issuance	-$172.0K
Common Stock Repurchased	-$7M
Common Dividends Paid	-$13M
Other Financing Activities	$169M
NET CASH FROM FINANCING	$150M
FREE CASH FLOW	$40M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$392M
Net Receivables	$36M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$629M
PP&E (Net)	$31M
Goodwill	$30M
Intangible Assets	$4M
Long-Term Investments	$2.2B
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.9B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$3M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$2.6B
Common Stock	$126M
Additional Paid-In Capital	$0
Retained Earnings	$220M
Treasury Stock	$0
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$358M
Minority Interest	$0
TOTAL EQUITY	$358M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$30M
Net Debt	-$170M