Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Bank Of Marin Bancorp Q1 Profit Rises

RELATED NEWS
Trade BMRC now with 

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.

Click here to receive FREE breaking news email alerts for Bank Of Marin Bancorp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent. Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.