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Stock Market & Financial Investment News

News Breaks
October 23, 2012
06:16 EDTBMRCBank of Marin downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Bank of Marin citing valuation following the company's weaker than expected Q3 results. The firm lowered its price target for shares to $40 from $42.
News For BMRC From The Last 14 Days
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July 20, 2015
08:03 EDTBMRCBank of Marin reports Q2 EPS 71c, consensus 76c
Credit quality remains strong with non-accrual loans continuing to trend downward, representing 0.53% of total loans at June 30, 2015, down from 0.70% at March 31, 2015 and 0.76% a year ago. Net charge-offs for the second quarter totaled $801 thousand, compared to net recoveries of $57 thousand in the prior quarter and net recoveries of $68 thousand in the same quarter a year ago. No provision for loan losses was recorded in the second quarter of 2015 as the continued reduction in credit risk did not warrant a provision. The total risk-based capital ratio for Bancorp was 14.1% at June 30, 2015 compared to 13.8% at March 31, 2015. The common equity tier one ratio, a regulatory ratio under Basel III, was 12.8% at June 30, 2015, compared to 12.5% at March 31, 2015. All capital ratios are well above regulatory requirements for a well-capitalized institution under the new requirements that took effect January 1, 2015. Tangible common equity to tangible assets totaled 10.6% at June 30, 2015, compared to 10.7% at March 31, 2015 and 9.9% at June 30, 2014.

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