Bank of Marin (BMRC)
Expanded from one Marin County branch into a nine-county Bay Area and Sacramento business bank.
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Gathers deposits from business relationships and lends locally as a community bank spanning nine Northern California counties, built through a series of bank acquisitions rather than organic entry into new markets. Recent balance-sheet repositioning traded near-term securities losses for a higher-yielding loan and investment mix.
Operates as the holding company for a community bank combining commercial and personal banking with wealth management and trust services, funding loans through business deposit relationships, roughly half of them interest-free.
Founded in 1989 as a single Marin County branch, the bank expanded through a series of acquisitions across Napa, the East Bay, and the Sacramento region, building a footprint that now spans nine Northern California counties. No further deals have followed the last one, with recent growth coming organically instead.
Repeated balance-sheet restructurings sold long-held securities at a loss to reinvest at higher yields, a sequence that produced back-to-back annual losses as core lending and deposit trends improved. A commercial real-estate loan tied to pandemic-era office vacancy also moved to non-accrual before being resolved. The bank has maintained an uninterrupted streak of quarterly dividends across the period.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Piper Sandler | Reiterate | Rating: —Target: $30.50 | Target: $30 |
| Jul 29, 2026 | Stephens | Target | Target: $26 | Target: $30 |
| Jul 28, 2026 | DA Davidson | Reiterate | Rating: —Target: $24 | Target: $34 |
| Apr 28, 2026 | Stephens | Target | Target: $29 | Target: $26 |
| Jan 27, 2026 | Stephens | Target | Target: — | Target: $29 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.52B · Total debt $23.5M · Total assets $3.86B · Shareholders' equity $396.7M
- Revenue
- $34.3M
- Operating income
- $12.7M
- Net income
- $9.2M
HistoryDividendAnnual yield
| Institutions | ≈ 67.89% | 10.99M shares | |
|---|---|---|---|
| 143 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.65% | 1.40M shares | |
| 22 holders · as of Aug 5, 2026 | |||
| Other | ≈ 23.46% | 3.80M shares | |
| remainder | |||
16.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.88% | 1.60M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.20% | 680,239 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.06% | 657,941 | as of Jun 30, 2026 |
Shawn DevlinInsider | 3.91% | 632,486 | filed Apr 6, 2022 |
AllianceBernstein L.P.Institution | 3.79% | 613,724 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | Nicolas C. Anderson | director | +175 | $28.88 |
| Apr 30, 2026 | Nicolas C. Anderson | director | +200 | $25.68 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bank of Marin | $28.00 | 0.00% | $454.9M | 6.9 | 12.1 | 2.3 | +73.1% |
| Westamerica Bancorp | $59.04 | 0.00% | $1.40B | 13.1 | 12.7 | 5.3 | −2.5% |
| TriCo Bancshares | $52.32 | −0.06% | $1.70B | 12.7 | 12.1 | 3.1 | +9.9% |
| First Northern Community Bancorp | $17.39 | −0.06% | $283.3M | 12.4 | — | 3.2 | +3.4% |
| Preferred Bank | $106.29 | −0.06% | $1.26B | 9.7 | 9.9 | 2.5 | +4.0% |
| Median | 12.6 | 12.1 | 3.1 | +3.7% |