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Dec 31, 2020
Bank of Marin Q4 2020 Earnings Report
Bank of Marin Bancorp reported earnings for the fourth quarter and full year 2020.
Key Takeaways
Bank of Marin Bancorp reported Q4 2020 earnings of $8.1 million, with diluted earnings per share of $0.60. Loans decreased slightly during the quarter, but overall credit quality remained strong. Deposits also experienced a slight decrease, while the cost of deposits remained low. The board declared a cash dividend of $0.23 per share.
Q4 2020 earnings were $8.1 million, compared to $9.1 million in Q4 2019.
Diluted earnings per share were $0.60 in Q4 2020, compared to $0.66 in the same quarter a year ago.
Loans decreased by $19.4 million in Q4 2020.
Deposits totaled $2.504 billion at December 31, 2020, a decrease from the prior quarter.
Forward Guidance
Bank of Marin is confident in their ability to transition into a growth mode once the post-pandemic economy begins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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