Bank of Marin reports Q3 EPS 47c, consensus 41c

Net interest income totaled $28.2M for the third quarter of 2025, a $2.3M increase from the prior quarter. This was driven by an increase of $78.7M in average earning assets including a $1.4M increase in investment security interest income due to the second quarter repositioning. “The Bank’s financial performance continues to improve with 68% growth in quarterly earnings per share and a 38 basis point advance in net interest margin compared to the third quarter of 2024,” said Tim Myers, CEO and president. “We generated an accelerated amount of loan growth while maintaining our disciplined underwriting criteria and with a healthy pipeline, we expect to see continued loan growth over the remainder of the year. “Our longstanding culture of prudent credit risk management drove a substantial reduction in classified loans and a smaller decline in non-accrual loans. We had a meaningful payoff in a non-accrual relationship already in the fourth quarter and expect further credit quality improvements by year end. We had strong deposit growth during the third quarter reflecting typical seasonal trends, the deepening of existing relationships, and the growth of new relationships.”