Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Janney's Bank CEO Forum 2022
19 slides from Bank Of Marin Bancorp's conference presentation, Feb 2, 2022
Slide 1: Delivering value through strategic and disciplined growth
Delivering value through strategic and disciplined growth 2022 Janney's Bank CEO Forum February 2‐3, 2022
Slide 2: Forward-Looking Statements
2 Nasdaq: BMRC Forward-Looking Statements This discussion of financial results includes forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "1933 Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "1934 Act"). Those
Slide 3: Bank of Marin Bancorp
Bank of Marin Bancorp Recent awards: FIVE STAR BANK BAUER 3 Nasdaq: BMRC Headquarters Novato, California Marin County, North of San Francisco Employees, full‐time equivalent 328 Assets $4.3 billion Market Capitalization $588.6 million Ticker BMRC (Nasdaq Capital Markets) Founded 1989 First branch op
Slide 4: Management team
Tim Myers President & Chief Executive Officer •26 years in finance and banking •15 years with Bank of Marin Rich Lewis EVP, Chief Information Officer •25 years in financial services •Joined Bank of Marin in 2020 Tani Girton EVP, Chief Financial Officer •36 years in financial services •8 years with B
Slide 5: Relationship and community focused banking model on a regional scale
5 Nasdaq: BMRC • 31 retail branches and 8 commercial banking offices located across 10 counties. • Sound underwriting produces a high-quality loan portfolio with low credit costs and stable earnings. • Strong deposit base with low- cost funding source for lending activity. Delivering a relationship
Slide 6: Balanced Approach to Growth Creates Long-Term Value
6 Nasdaq: BMRC Balanced Approach to Growth Creates Long-Term Value 5 year average annual return: 3.45%1 1As of December 31, 2021 10 year average annual return: 9.20%1 Total annual shareholder return averages 11.06% over 20 years1 As of 1/28/22 the stock price was $36.95 $37.231 $28.271 Share and per
Slide 7: Prudent, Sustainable Model for Loan Growth
Prudent, Sustainable Model for Loan Growth 7 Nasdaq: BMRC ($ billions) Five‐year compound annual loan growth rate: 8.69% 2 1 Net of deferred unaccreted PPP loan fees and costs of $2.5 million. 2 Compounded annual growth rate from December 31, 2016 to December 31, 2021 PPP Loans: $111.2 million 1 Exc
Slide 8: Paycheck Protection Program ("PPP") Portfolio
Paycheck Protection Program ("PPP") Portfolio 8 Nasdaq: BMRC PPP Status Update ($ in millions) Bank of Marin American River Bank Number $ Amount Number $ Amount Total Originated PPP1 1,813 $307.9 477 $80.2 PPP2 1,063 136.2 203 26.0 Totals 2,876 $444.1 680 $106.2 Forgiven and paid off as of 12/31/202
Slide 9: Low-Cost Deposit Base: A Key Competitive Advantage
Low-Cost Deposit Base: A Key Competitive Advantage ($ billions) 9 Nasdaq: BMRC 1 Compounded annual growth rate from December 31, 2016 to December 31, 2021. Q4 2021 Cost of Deposits 0.06% Five‐year compound annual deposit growth rate: 16.52%1 2 2 Includes ARB deposit base acquired in Q3 2021.
Slide 10: Low Efficiency Ratio Demonstrates Disciplined Expense Control
Low Efficiency Ratio Demonstrates Disciplined Expense Control 10 Nasdaq BMRC 1 Peer group includes major exchange‐traded Western region banks with assets of $1 billion to $6.5 billion. Latest available peer data as of Q3 2021. 2 Refer to the reconciliation of GAAP to non‐GAAP financial measures on p
Slide 11: Q4 & YTD 2021 Results
Q4 & YTD 2021 Results 11 Nasdaq: BMRC *2021 results are non‐GAAP adjusted for merger‐related expenses. Refer to the reconciliation of GAAP to non‐GAAP financial measures on page 12 for more information. 1 Excludes SBA PPP loans. Q4’21 Q3’21 △ Q4’21 vs Q3’21 FY 2021 FY 2020 △ YTD 2021 vs YTD 2020 Ear
Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 12 Nasdaq: BMRC Reconciliation of GAAP and Non-GAAP Financial Measures Three months ended Year ended (in thousands, except share data; unaudited) December 31, 2021 September 30, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Net incom
Slide 13: Net Interest Margin
Net Interest Margin 13 Nasdaq: BMRC 1 Peer group includes major exchange‐traded Western region banks with assets of $1 billion to $6.5 billion. Latest available peer data as of Q3 2021. 1
Slide 14: Strong Capital Ratios Support Future Growth Opportunities
Strong Capital Ratios Support Future Growth Opportunities 14 Nasdaq: BMRC
Slide 15: Peer Comparison Financial Measures
Peer Comparison Financial Measures 15 Nasdaq: BMRC BMRC Q3 2021 Peer Median Q3 2021 Percentile Non‐Interest Bearing/Total Deposits 49.30 % 38.20 % 100.00 % Gross Loan Growth Rate (year over year)1 9.90 % (2.60) % 93.30 % NPAs/Assets 0.22 % 0.22 % 50.90 % Efficiency Ratio2 56.02 % 58.70 % 61.20 % Ret
Slide 16: Dependable Earnings and Dividend Growth
Dependable Earnings and Dividend Growth 16 Nasdaq: BMRC 1 Prior period share and per share data have been adjusted to reflect the two‐for‐one stock split effective in 2018. 11 Do lla rs p er sh ar e $M M Bank of Napa Acquisition & Tax Cuts and Jobs Act
Slide 17: AMRB Acquisition Status Update
AMRB Acquisition Status Update 17 Nasdaq: BMRC Systems Conversion: • Legacy Bank of Marin and American River Bank teams are partnering to devise product migration scenarios and prepare customer communications to ensure a successful core system conversion in late March 2022. Financial Performance: •
Slide 18: Bank of Marin's Strategic Priorities
Bank of Marin’s Strategic Priorities 18 Nasdaq: BMRC Driving strategic and disciplined growth Grow our loyal customer base through RELATIONSHIP BANKING Develop talent and align resources to drive LOAN GROWTH Enhance product offerings and efficiencies with TECHNOLOGY
Slide 19: Contact Us
Contact Us 19 Nasdaq: BMRC Tim Myers President & Chief Executive Officer (415) 763-4970 timmyers@bankofmarin.com Tani Girton EVP, Chief Financial Officer (415) 884-7781 tanigirton@bankofmarin.com Media Requests: Andrea Henderson Director of Marketing (415) 884-4757 andreahenderson@bankofmarin.com