Bank of Marin Bancorp Reports Q1 2023 Net Income of $9.4 Million
Q1 2023 Revenue for Bank of Marin Bancorp Totals $34.3 Million
By USInMinutes
Published - Jul 24, 2023, 12:50 PM ET
Last Updated - Jul 24, 2023, 12:50 PM EDT
Bank of Marin Bancorp(BMRC) has released its financial results for the first quarter of 2023, indicating a net income of $9.4 million. The bank's revenue for the same period reached $34.3 million. Let's delve deeper into the financial statements to understand the factors contributing to these figures.
Net Income/Loss
During the three months ended March 31, 2023, Bank of Marin Bancorp achieved a net income of $9.4 million. This represents a decline compared to the previous quarter's net income of $12.9 million and the same period last year, where the net income stood at $10.5 million.
