Bank Of Marin Bancorp - Understand $bmrc stock

$BMRC Market Cap: $405.9 Million

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Financial Snapshot

Revenue

$140.2M

TTM

Gross Margin

Net Earnings

-$13.80M

TTM

Current Assets

Current Liabilities

$46.43M

Q3 2024

Current Ratio

Total Assets

$3.793B

Q3 2024

Total Liabilities

$3.356B

Q3 2024

Book Value

$437.0M

Q3 2024

Cash

$229.2M

Q3 2024

P/E

-29.42

Nov 29, 2024 EST

Free Cash Flow

$18.08M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	$139.5M	$130.0M	$108.4M	$99.64M	$100.4M	$95.08M	$76.60M	$75.43M	$69.44M	$72.79M	$60.56M	$65.77M	$69.11M	$61.36M
YoY Change	7.27%	20.02%	8.75%	-0.8%	5.63%	24.13%	1.55%	8.63%	-4.61%	20.19%	-7.92%	-4.84%	12.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$139.5M	$130.0M	$108.4M	$99.64M	$100.4M	$95.08M	$76.60M	$75.43M	$69.44M	$72.79M	$60.56M	$65.77M	$69.11M	$61.36M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.448M	$1.800M	$1.700M	$2.100M	$2.200M	$2.100M	$1.900M	$1.800M	$2.000M	$1.600M	$1.400M	$1.400M	$1.300M	$1.300M	$1.370M	$1.340M	$1.250M	$1.000M	$850.0K	$950.0K	$990.0K	$880.0K	$710.0K	$620.0K	$620.0K	$590.0K
YoY Change	91.56%	5.88%	-19.05%	-4.55%	4.76%	10.53%	5.56%	-10.0%	25.0%	14.29%	0.0%	7.69%	0.0%	-5.11%	2.24%	7.2%	25.0%	17.65%	-10.53%	-4.04%	12.5%	23.94%	14.52%	0.0%	5.08%	18.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$36.73M	$2.549M	$3.402M	$2.979M	$4.757M	$3.536M	$1.744M	$2.269M	$2.251M	$2.349M	$1.785M	$2.576M	$5.295M	$6.448M
YoY Change	1341.07%	-25.07%	14.2%	-37.38%	34.53%	102.75%	-23.14%	0.8%	-4.17%	31.6%	-30.71%	-51.35%	-17.88%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Pretax Income	$26.04M	$63.51M	$44.89M	$40.59M	$45.89M	$43.42M	$28.84M	$36.48M	$28.93M	$31.47M	$22.21M	$28.71M	$24.76M	$21.72M	$20.50M	$20.00M	$20.10M	$18.50M	$19.10M	$15.30M	$12.10M	$10.10M	$8.300M	$7.200M	$5.900M	$4.900M
YoY Change	-59.0%	41.49%	10.59%	-11.56%	5.71%	50.55%	-20.95%	26.09%	-8.07%	41.69%	-22.64%	15.97%	13.96%	5.97%	2.5%	-0.5%	8.65%	-3.14%	24.84%	26.45%	19.8%	21.69%	15.28%	22.03%	20.41%	16.67%
Income Tax	$6.141M	$16.92M	$11.66M	$10.35M	$11.65M	$10.80M	$12.86M	$13.35M	$10.49M	$11.70M	$7.939M	$10.89M	$9.191M	$8.171M	$7.800M	$7.900M	$7.800M	$6.700M	$7.400M	$5.800M	$4.600M	$3.900M	$3.100M	$2.700M	$2.200M	$1.800M
% Of Pretax Income	23.59%	26.65%	25.97%	25.49%	25.39%	24.86%	44.6%	36.58%	36.26%	37.17%	35.75%	37.94%	37.13%	37.61%	38.05%	39.5%	38.81%	36.22%	38.74%	37.91%	38.02%	38.61%	37.35%	37.5%	37.29%	36.73%
Net Earnings	$19.90M	$46.59M	$33.23M	$30.24M	$34.24M	$32.62M	$15.98M	$23.13M	$18.44M	$19.77M	$14.27M	$17.82M	$15.56M	$13.55M	$12.80M	$12.20M	$12.30M	$11.90M	$11.70M	$9.500M	$7.500M	$6.200M	$5.100M	$4.500M	$3.700M	$3.000M
YoY Change	-57.29%	40.2%	9.87%	-11.68%	4.96%	104.19%	-30.94%	25.45%	-6.73%	38.55%	-19.91%	14.48%	14.85%	5.88%	4.92%	-0.81%	3.36%	1.71%	23.16%	26.67%	20.97%	21.57%	13.33%	21.62%	23.33%	15.38%
Net Earnings / Revenue	14.26%	35.82%	30.67%	30.35%	34.09%	34.31%	20.86%	30.67%	26.56%	27.16%	23.56%	27.09%	22.52%	22.09%
Basic Earnings Per Share	$1.24	$2.93	$2.32	$2.24	$2.51	$2.35	$1.29	$3.81	$3.09	$3.35	$2.62	$3.34	$2.94	$2.59
Diluted Earnings Per Share	$1.24	$2.917M	$2.30	$2.22	$2.48	$2.33	$1.27	$3.78	$3.04	$3.29	$2.57	$3.28	$2.89	$2.55	$1.219M	$1.173M	$1.150M	$1.053M	$1.064M	$922.3K	$757.6K	$645.8K	$525.8K	$473.7K	$402.2K	$333.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$28.11M	$32.96M	$31.20M	$30.50M	$17.10M	$7.400M	$8.600M	$8.500M	$9.300M	$9.900M	$9.100M	$9.300M	$9.500M	$8.400M	$8.000M	$8.300M	$7.800M	$8.400M	$5.000M	$3.900M	$4.500M	$4.600M	$4.100M	$2.400M	$2.800M	$2.900M
YoY Change	-14.71%	5.63%	2.3%	78.36%	131.08%	-13.95%	1.18%	-8.6%	-6.06%	8.79%	-2.15%	-2.11%	13.1%	5.0%	-3.61%	6.41%	-7.14%	68.0%	28.21%	-13.33%	-2.17%	12.2%	70.83%	-14.29%	-3.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$35.07M	$43.86M	$13.30M	$6.900M	$8.200M	$10.40M	$8.800M	$15.30M	$12.70M	$12.60M
YoY Change	-20.04%	229.74%	92.75%	-15.85%	-21.15%	18.18%	-42.48%	20.47%	0.79%
Total Long-Term Assets
YoY Change
Total Assets	$3.804B	$4.147B	$4.314B	$2.912B	$2.707B	$2.521B	$2.468B	$2.024B	$2.031B	$1.787B	$1.805B	$1.435B	$1.393B	$1.208B	$1.122B	$1.050B	$933.9M	$876.6M	$840.4M	$737.1M	$642.6M	$539.0M	$455.7M	$379.1M	$346.7M	$292.9M
YoY Change
Accounts Payable	$25.56M	$22.95M	$29.40M	$19.50M	$17.30M	$19.60M	$16.00M	$13.70M	$14.40M	$13.30M	$14.70M	$14.70M	$14.70M	$10.50M	$8.600M	$9.900M	$6.500M	$6.000M	$5.100M	$3.600M	$2.900M	$5.900M	$3.300M	$3.000M	$2.100M	$2.100M
YoY Change	11.4%	-21.95%	50.77%	12.72%	-11.73%	22.5%	16.79%	-4.86%	8.27%	-9.52%	0.0%	0.0%	40.0%	22.09%	-13.13%	52.31%	8.33%	17.65%	41.67%	24.14%	-50.85%	78.79%	10.0%	42.86%	0.0%
Accrued Expenses	$22.91M	$26.64M	$25.40M	$27.10M	$12.60M
YoY Change	-14.01%	4.88%	-6.27%	115.08%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$48.47M	$49.59M	$54.80M	$46.60M	$29.90M	$19.60M	$16.00M	$13.70M	$14.40M	$13.30M	$14.70M	$14.70M	$14.70M	$10.50M	$8.600M	$9.900M	$6.500M	$6.000M	$5.100M	$3.600M	$2.900M	$5.900M	$3.300M	$3.000M	$2.100M	$2.100M
YoY Change	-2.25%	-9.52%	17.6%	55.85%	52.55%	22.5%	16.79%	-4.86%	8.27%	-9.52%	0.0%	0.0%	40.0%	22.09%	-13.13%	52.31%	8.33%	17.65%	41.67%	24.14%	-50.85%	78.79%	10.0%	42.86%	0.0%
Long-Term Debt	$298.0K	$439.0K	$0.00	$2.800M	$2.900M	$2.600M	$5.700M	$5.600M	$5.400M	$5.200M	$5.000M	$0.00	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$1.900M
YoY Change	-32.12%		-100.0%	-3.45%	11.54%	-54.39%	1.79%	3.7%	3.85%	4.0%		-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%						-100.0%
Other Long-Term Liabilities					$1.200M	$400.0K	$700.0K	$900.0K	$1.700M	$2.000M	$2.500M
YoY Change					200.0%	-42.86%	-22.22%	-47.06%	-15.0%	-20.0%
Total Long-Term Liabilities	$298.0K	$439.0K	$0.00	$2.800M	$4.100M	$3.000M	$6.400M	$6.500M	$7.100M	$7.200M	$7.500M	$0.00	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$1.900M
YoY Change	-32.12%		-100.0%	-31.71%	36.67%	-53.13%	-1.54%	-8.45%	-1.39%	-4.0%		-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%						-100.0%
Total Liabilities	$3.365B	$3.735B	$3.864B	$2.554B	$2.371B	$2.205B	$2.171B	$1.793B	$1.817B	$1.587B	$1.624B	$1.283B	$1.258B	$1.086B	$1.013B	$924.0M	$846.1M	$787.1M	$762.2M	$671.5M	$587.0M	$491.9M	$415.1M	$344.7M	$318.0M	$268.8M
YoY Change	-9.92%	-3.32%	51.3%	7.73%	7.53%	1.54%	21.09%	-1.31%	14.47%	-2.29%	26.6%	2.01%	15.79%	7.27%	9.59%	9.21%	7.5%	3.27%	13.51%	14.4%	19.33%	18.5%	20.42%	8.4%	18.3%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	16.01M shares	15.92M shares	14.34M shares	13.53M shares	13.62M shares	13.86M shares	12.39M shares	6.073M shares	5.966M shares	5.893M shares	5.457M shares	5.341M shares	5.302M shares	5.238M shares
Diluted Shares Outstanding	16.03M shares	15.97M shares	14.42M shares	13.62M shares	13.79M shares	14.03M shares	12.55M shares	6.115M shares	6.065M shares	6.006M shares	5.558M shares	5.438M shares	5.384M shares	5.314M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $405.93 Million

About Bank of Marin Bancorp

Bank of Marin Bancorp is a bank holding company, which operates through the Bank of Marin, providing financial services to customers. The company is headquartered in Novato, California and currently employs 329 full-time employees. The Bank offers a suite of business and personal financial products and services designed to meet the needs of its customers. Its lending categories include commercial real estate loans, commercial and industrial loans, construction financing, consumer loans and home equity lines of credit. Through third-party vendors, it offers merchant and payroll services, a commercial equipment leasing program and credit cards. Its other products and services include payment solutions (mobile deposit and Zelle) and a wide array of treasury management services. The company offers personal and business checking and savings accounts, and a number of time deposit alternatives, including time certificates of deposit, Individual Retirement Accounts (IRAs), Health Savings Accounts (HSA), Certificate of Deposit Account Registry Service (CDARS), Insured Cash Sweep (ICS), and Demand Deposit Marketplace (DDM Sweep) accounts.

Industry: State Commercial Banks Peers: Business First Bancshares, Inc. EQUITY BANCSHARES INC FIVE STAR BANCORP MERCANTILE BANK CORP MetroCity Bankshares, Inc. PNC FINANCIAL SERVICES GROUP, INC. SOUTH PLAINS FINANCIAL, INC.