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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:06 EDTBMRCBank of Marin reports Q4 EPS 86c, consensus 77c
Earnings reflect a $1M pre-tax gain on the pay-off of a purchased-credit impaired loan. This gain increased Q4 EPS by 12c on an after-tax basis. The allowance for loan losses totaled 1.27% of loans at December 31, 2012. Reports Q4 net charge-offs $178,000.
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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