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Bank Of Marin Bancorp Q1 Profit Rises

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Bank Of Marin Bancorp (BMRC: Quote), the parent company of Bank of Marin, reported first-quarter net income of $4.9 million or $0.91 per share, up from $4.5 million or $0.84 per share last year.

On average, 6 analysts polled by Thomson Reuters expected earnings of $0.77 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $16.2 million from $15.9 million last year. Net interest margin declined to 4.97 percent from 5.44 percent in the year-ago quarter.

Analysts expected revenues of $15.79 million for the quarter.

Total non-interest income for the quarter declined to $1.7 million from $1.6 million last year.

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by RTT Staff Writer

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