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News Breaks
April 23, 2014
08:04 EDTBMRCBank of Marin reports Q1 EPS 76c, consensus 70c
The company said, "Q1 results include several non-recurring non-interest expense items, the net impact of which was a 5c reduction in diluted earnings per share. This includes $746K in one-time expenses related to the acquisition of NorCal Community Bancorp, parent company of Bank of Alameda. One-time acquisition-related expenses of $3.4M in 4Q13 negatively impacted diluted earnings per share by 38c." Reports Q1 provision for loan losses totaled $150K. Reports Q1 deposits totaled $1.6B. Reports Q1 gross loans totaled $1.3B. Reports Q1 net interest income totaled $17.9M. Reports Q1 non-interest income totaled $2.2M.
News For BMRC From The Last 14 Days
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April 20, 2015
08:07 EDTBMRCBank of Marin reports Q1 EPS 74c, consensus 78c
Reports Q1 net recoveries totaled $57K, compared to $50K in the prior quarter and net charge-offs in the same quarter a year ago of $142K. There was no provision for loan losses recorded in Q1 or the prior quarter, compared to a provision for loan losses totaling $150K in the first quarter of 2014. Total risk-based capital ratio for Bancorp was 13.8% at March 31, compared to 13.9% at December 31, 2014 and 13.5% at March 31, 2014. The common equity tier one ratio, a new regulatory ratio under Basel III, was 12.5% at March 31, 2015.

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