Bank Of Marin Bancorp (BMRC) Tops Q4 EPS by 8c

Bank Of Marin Bancorp (NASDAQ: BMRC) reported Q4 EPS of $0.69, $0.08 better than the analyst estimate of $0.61. Revenue for the quarter came in at $23.27 million versus the consensus estimate of $23.5 million.

“Balance was the key to our tremendous success in 2018,” said Russell A. Colombo, President and Chief Executive Officer. “Our record-breaking performance is a testament to our consistent execution of disciplined fundamentals across all areas of the Bank. With a low cost and stable deposit base, solid opportunities for loan growth, and our unwavering commitment to relationship banking, we are well-positioned for continued success in 2019."

“Our record results for 2018 were powered by a well-executed strategy for growth combined with staying true to our rigorous lending standards,” said Tani Girton, EVP and Chief Financial Officer. “With a 1.31% ROA, tax equivalent net interest margin of 3.9%, a 10.73% ROE and efficiency ratio of 57.3%, we are excited to enter 2019 with great momentum.”

For earnings history and earnings-related data on Bank Of Marin Bancorp (BMRC) click here.

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