Bank Of Marin Bancorp (BMRC) Raises Quarterly Dividend 9.5% to $0.23, 2.1% Yield; Announces New $25M Share Buyback Plan

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Go back to Bank Of Marin Bancorp (BMRC) Raises Quarterly Dividend 9.5% to $0.23, 2.1% Yield; Announces New $25M Share Buyback Plan

Bank of Marin Bancorp Reports Record Earnings in 2019; Announces Dividend Increase & New Share Repurchase Program

January 27, 2020 8:00 AM EST

NOVATO, Calif.--(BUSINESS WIRE)-- Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced record annual earnings of $34.2 million in 2019 compared to $32.6 million in 2018 as a result of consistent loan growth and lower expenses. Diluted earnings per share were $2.48 for the year ended December 31, 2019, compared to $2.33 per share for the year ended December 31, 2018.

Earnings were $9.1 million in the fourth quarter of 2019, compared to $9.4 million in the third quarter of 2019 and $9.7 million in the fourth quarter of 2018. Earnings were slightly down in the fourth quarter of 2019 due to... More