Bank Of Marin Bancorp (BMRC) Tops Q1 EPS by 14c

Bank Of Marin Bancorp (NASDAQ: BMRC) reported Q1 EPS of $0.66, $0.14 better than the analyst estimate of $0.52.

“Bank of Marin delivered steady, reliable results throughout 2020, reflecting our sound underwriting and commitment to relationship banking,” said Russell A. Colombo, President and Chief Executive Officer. “Our first quarter results in 2021 reinforced that consistency. Our credit quality is strong, and we are poised to grow as the economy reopens and our markets gain momentum.”

“We continued our established tradition of carefully managing expenses in the first quarter, while taking advantage of market opportunities to invest excess cash and reduce high-cost debt,” said Tani Girton, EVP and Chief Financial Officer. “With consistent profitability, excellent asset quality and low-cost funding, we are confident in our ability to grow alongside our clients and continue to develop value for our shareholders.”

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

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