Bank of Marin: Q4 Earnings Snapshot
Bank of Marin Bancorp (BMRC) on Monday reported fourth-quarter earnings of $610,000. The bank, based in Novato, California, said it had earnings of 4 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share
By AP News
Published - Jan 29, 2024, 08:51 AM ET
Last Updated - Apr 16, 2024, 07:41 AM EDT
NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Bank of Marin Bancorp (BMRC) on Monday reported fourth-quarter earnings of $610,000.
The bank, based in Novato, California, said it had earnings of 4 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The bank holding company posted revenue of $32.1 million in the period. Its revenue net of interest expense was $21 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $27.5 million.
