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Sep 30, 2020
Bank of Marin Q3 2020 Earnings Report
Reported earnings of $7.5 million and reactivated share repurchase program.
Key Takeaways
Bank of Marin Bancorp reported net income of $7.5 million for Q3 2020, a slight increase compared to the previous quarter, while diluted earnings per share remained consistent at $0.55. Credit quality remained strong despite the pandemic, and the share repurchase program was reactivated.
Net income for the third quarter of 2020 was $7.5 million, compared to $7.4 million in the second quarter of 2020.
Diluted earnings per share were $0.55 in both the third and second quarters of 2020.
Loan balances remained steady at $2,108.0 million.
Credit quality remained strong, with non-accrual loans representing 0.07% of total loans.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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