BMRC FY 2021 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2021 Earnings

Reported March 15, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$118M	—	$108M	—	9.5%
Op. Income	$45M	—	$41M	—	10.6%
Gross Margin	99.2%	—	91.5%	—	7.6pp
Net Margin	28.1%	—	28.0%	—	0.1pp
EPS (Diluted)	$2.30	—	$2.22	—	3.6%
Free Cash Flow	$44M	—	$40M	—	10.9%

Revenue Flow

Item	Amount
REVENUE	$118M
Cost of Revenue	$961.0K
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$908.0K
General & Administrative	$44M
SG&A Expenses	$45M
Other Expenses	$28M
Operating Expenses	$73M
Cost & Expenses	$74M
OPERATING INCOME	$45M
Interest Income	$108M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$12M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$45M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$118M
Cost of Revenue	$961.0K
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$908.0K
General & Administrative	$44M
SG&A Expenses	$45M
Other Expenses	$28M
Operating Expenses	$73M
Cost & Expenses	$74M
OPERATING INCOME	$45M
Interest Income	$108M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$12M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$45M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$982.0K
Change in Working Capital	$8M
OPERATING CASH FLOW	$45M
Capital Expenditure	-$1M
Acquisitions (Net)	$141M
Purchases of Investments	-$926M
Sales/Maturities of Investments	$188M
Other Investing Activities	$257M
NET CASH FROM INVESTING	-$341M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$41M
Common Dividends Paid	-$13M
Other Financing Activities	$515M
NET CASH FROM FINANCING	$443M
FREE CASH FLOW	$44M
Net Change in Cash	$147M

Balance Sheet

Item	Amount
Cash & Equivalents	$348M
Short-Term Investments	$1.2B
Net Receivables	$51M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$31M
Goodwill	$73M
Intangible Assets	$7M
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.3B
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$3.9B
Common Stock	$213M
Additional Paid-In Capital	$0
Retained Earnings	$240M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$450M
Minority Interest	$0
TOTAL EQUITY	$450M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$26M
Net Debt	-$322M