Business
Bank of Marin Announces Strategic Balance Sheet Repositioning to Enhance Future Earnings
NOVATO, Calif., July 01, 2025--BANK OF MARIN ANNOUNCES STRATEGIC BALANCE SHEET REPOSITIONING TO ENHANCE FUTURE EARNINGS
About this update from Bank Of Marin Bancorp
[{"type":"text","content":"NOVATO, Calif., July 01, 2025--(BUSINESS WIRE)--Bank of Marin, the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC), announced today that it sold a book value of $186 million of available-for-sale (AFS) securities to strategically reposition its balance sheet to enhance future earnings, drive earnings per share growth, and increase return on equity.","length":366,"tagName":"p"},{"type":"text","content":""With this transaction, we took advantage of our high levels of capital to reposition legacy bond assets into higher yielding assets, and we believe we have now completed the repositioning of our AFS portfolio," said Tim Myers, president and CEO, Bank of Marin. "We remain very well capitalized with a Bancorp pro-forma total risk-based capital ratio above 16%, and our strong balance sheet and liquidity position the Bank’s long-term, profitable growth."","length":475,"tagName":"p"},{"type":"text","content":"The securities sold had an average yield of 1.96%, resulting in an estimated pre-tax loss of approximately $19 million, which will be recorded in the second quarter of 2025. With the sale proceeds fully reinvested at an average yield of approximately 5.00%, the securities repositioning is expected to have an approximate four-year earn back and contribute approximately 13 basis points to annualized net interest margin beginning third quarter, resulting in $0.20 of estimated earnings per share accretion over the next four quarters.","length":535,"tagName":"p"},{"type":"text","content":"About Bank of Marin Bancorp","length":27,"tagName":"p"},{"type":"text","content":"Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC). A leading business and community bank with assets of $3.8 billion, Bank of Marin provides commercial and personal banking, specialty lending, and wealth management and trust services throughout its network of 27 branches and eight commercial banking offices serving Northern California. Specializing in providing legendary service to its clients and investing in its local communities, Bank of Marin has consistently been ranked one of the "Top Corporate Philanthropists" by San Francisco Business Times since 2003, was inducted into North Bay Biz’s "Best of" Hall of Fame in 2024, and ranked ...