Stock Analysis
- United States
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- Banks
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- NasdaqCM:BMRC
Bank of Marin Bancorp First Quarter 2024 Earnings: Misses Expectations
Bank of Marin Bancorp (NASDAQ:BMRC) First Quarter 2024 Results
Key Financial Results
- Revenue: US$25.1m (down 23% from 1Q 2023).
- Net income: US$2.92m (down 69% from 1Q 2023).
- Profit margin: 12% (down from 29% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.18 (down from US$0.59 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank of Marin Bancorp Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 31%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 8.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Bank of Marin Bancorp, and understanding it should be part of your investment process.
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Discover if Bank of Marin Bancorp might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NasdaqCM:BMRC
Bank of Marin Bancorp
Operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States.