What To Expect From Bank of Marin Bancorp ($BMRC) 3Q20 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) is reporting third quarter financial results on Monday 26th October 2020, before market open.

According to analysts surveyed by Thomson Reuters, BMRC is expected to report 3Q20 income of $ 0.52 per share from revenue of $ 25.47 million.

For the full year, analysts anticipate top line of $ 100.02 million, while looking forward to income of $ 2.11 per share bottom line.

Previous Quarter Performance

Bank of Marin Bancorp communicated income for the second quarter of $ 0.55 per share, from the revenue of $ 24.38 million. The quarterly earnings dropped 8.33 percent while revenues up 2.48 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.41 per share from $ 23.97 million in revenue. The bottom line results beat street analysts by $ 0.14 or 34.15 percent, at the same time, top line results outshined analysts by $ 0.41 million or 1.71 percent.

Stock Performance

On Friday, shares of Bank of Marin Bancorp has traded high as $ 33.04 and has cracked $ 32.19 on the downward trend, reaching $ 32.77 with volume of 19.70 thousand shares.

According to the previous trading day, closing price of $ 32.77, representing a 36.18 % increase from the 52 week low of $ 23.80 and a 32.15 % decrease over the 52 week high of $ 47.77.

The company has a market capital of $ 445.53 million and is part of the Financial Services sector and Banks – Regional – US industry.

Recent Analyst recommendations

  • On 29th September 2020, upgraded by Janney Capital to Buy from Neutral rating.
Conference Call

Bank of Marin Bancorp will be hosting a conference call at 11:30 AM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bankofmarin.com

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services. It also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit.