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Jun 30, 2021
Bank of Marin Q2 2021 Earnings Report
Reported earnings of $9.3 million and diluted earnings per share of $0.71.
Key Takeaways
Bank of Marin Bancorp reported a strong second quarter with earnings of $9.3 million, driven by growth in net interest income and non-interest revenue, coupled with managed expenses and exceptional credit quality. The acquisition of American River Bankshares is on track to close in the third quarter.
Earnings of $9.3 million in the second quarter of 2021, compared to $7.4 million in the second quarter of 2020.
Diluted earnings per share were $0.71 in the second quarter, compared to $0.55 in the same quarter last year.
Loan balances were $2.003 billion at June 30, 2021, compared to $2.110 billion at June 30, 2020.
Total deposits grew to $2.684 billion at June 30, 2021 from $2.656 billion at March 31, 2021.
Forward Guidance
Bancorp expects the acquisition of American River Bankshares to close in the third quarter of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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