Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Raymond James 2026 Northern California Bank Investor Symposium
35 slides from Bank Of Marin Bancorp's conference presentation, Mar 19, 2026
Slide 1: Raymond James 2026 Northern California Bank Investor Symposium
Raymond James 2026 Northern California Bank Investor Symposium March 19, 2026
Slide 2: Forward-Looking Statements
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 sections of th
Slide 3: Franchise Highlights
Franchise Highlights S E C T I O N 01
Slide 4: Bank of Marin Bancorp
Bank of Marin Bancorp BMRC AT A GLANCE 27 Branch Locations BMRC Novato, CA 8 Commercial NASDAQ Headquarters Banking Offices $3.9 Billion $418.8 Million Total Assets Market Cap Relationship Banking 16.13% 3.84% Build strong, long-term customer relationships based on trust, integrity and expertise, in
Slide 5: Years of Combined Experience Through Various Economic Cycles
221 Years of Combined Experience Through Various Economic Cycles Tim Myers Sathis Arasadi David Bloom President and Chief Executive Officer EVP, Chief Information Officer EVP, Head of Commercial Banking • 27 years of finance and • 32 years of engineering, • 30 years of commercial banking experience
Slide 6: A strategic and disciplined approach to delivering long-term value
A strategic and disciplined approach to delivering long-term value Drive high-quality LOAN GROWTH 01 02 Grow NON-INTEREST INCOME 03 Scale through EFFICIENCY GAINS and ACQUISITIONS 04 Invest in TALENT and TECHNOLOGY 6
Slide 7: Fourth Quarter 2025 Overview (as adjusted)
Fourth Quarter 2025 Overview (as adjusted1) • Newly funded loans were $106.5MM in Q4 (highest since Q4 2015) compared to $69.0MM in Q3; loans increased 5.84% annualized • Non-accrual and classified loans to total loans at year-to-date low for 2025 • Received BBB+ deposit rating (Bank) and BBB- subor
Slide 8: Focused on Building Long-Term Shareholder Value
Focused on Building Long-Term Shareholder Value Strong Core Deposit Franchise Largest community bank in Marin County with 11.4% market share 1 36.7%2 non-interest bearing deposits with a 1.35%2 cost of deposits in Q4 Robust Capital Levels & Liquidity Regulatory capital ratios remain comfortably abov
Slide 9: Focused on delivering Long-Term, Consistent Growth
Focused on delivering Tangible Book Value Per Share and Cumulative Cash Dividends Long-Term, Consistent $30.00 Growth $25.00 $24.02 ▪ Proven ability to grow both $22.24 $23.29 $22.44 $22.37 organically and through M&A $20.28 $20.85 $19.87 $20.00 ▪ Consistent cash dividend provides $18.81 $18.08 $16.
Slide 10: Robust Capital Ratios
Robust Capital Ratios As of 12/31/25 15.3% • We maintained high capital levels and are 13.9% in a position of strength 12.7% 12.7% 12.3% 12.3% • Total risk-based capital of 16.1% 10.0% • Tangible common equity ratio of 15.1% 8.5% 8.3% 8.6% 8.4% 8.0% • During 4Q'25 we issued $45 million of subordinat
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights S E C T I O N 02
Slide 12: Strong Deposit Franchise
Strong Deposit Franchise • Deposit mix continues to favor a high percentage of non-interest bearing deposits totaling 36.7%1, highlighting our relationship banking model • Total cost of deposits was 1.35%1 (interest-bearing 2.24%1) for 4Q'25 and 1.41%1 (interest-bearing 2.261) for the prior quarter
Slide 13: Granular Deposit Account Composition
New Accounts Mix (by count) Granular Deposit 4Q'25 Account Composition Existing Relationships - New $ 19% • 45% of new accounts consisted of new relationships to the Bank by count New • 64%1 of new accounts were non-interest Relationships 989 45% bearing by count Account Migration • Average weighted
Slide 14: Strong Liquidity: $2.1 Billion in Net Availability
Strong Liquidity: $2.1 Billion in Net Availability • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools similar to larger banks, such as the liquidity coverage ratio and multi-scenario, long-horizon stress tests • Deposit outflow assumptions for
Slide 15: Prudent, Sustainable Model for Loan Growth
Prudent, Sustainable Model for Loan Total Loans ($ in billions) Growth • Loan originations peaked in Q4 with $2.256 $106.5 million funded (highest quarter $2.089 $2.093 $2.074 $2.083 $2.121 since 2015 excluding PPP loans) • Notable pipeline growth and 4.99% diversification from key hires, 4.83% comp
Slide 16: Well-diversified Loan Portfolio
Well-diversified Loan Portfolio As of 12/31/25 - No material changes from 3Q'25 • Loan portfolio is well-diversified across borrowers, industries, loan and property types within our geographic footprint • 88% of all loans and 93% of loans excluding nonprofit organizations are guaranteed by owners of
Slide 17: Low Refinance Risk in NOO CRE Portfolio through 2027
Low Refinance Risk in NOO CRE Portfolio Maturing Loan Commitments > $1.0MM through 2027 # of Outstanding Wtd. Avg. loans Commitment Balance Wtd. Avg. Rate DSC • We conducted a DEEP DIVE on loans maturing or repricing before year-end 2026 30 $104.5MM $97.5MM 4.82% 1.25x 2027 * 2027 23 $70.4MM $68.4MM
Slide 18: Non-owner Occupied Office Exposure
Non-owner Occupied Office Exposure As of 12/31/25 - No material changes from 3Q'25 • $371 million in credit exposure spread across our lending footprint comprised of 150 loans • $2.5 million average loan balance – largest loan at $15.5 million • 61% weighted average loan-to-value and 1.65x weighted
Slide 19: NOO CRE Portfolio Diversified Across Property Type & County
NOO CRE Portfolio Diversified Across Property Type & County As of 12/31/25 - No material changes from 3Q'25 Retail 4Q'25 Warehouse & Industrial 4Q'25 Multifamily 4Q'25 San Francisco Other Other Bay 3% 4% Area 7% Sonoma Alameda Marin 16% Sonoma 6% Napa 8% 16% 7% Marin San Francisco 9% 19% Sacramento
Slide 20: Owner-Occupied CRE Portfolio
Owner-Occupied CRE Portfolio As of 12/31/25 - No material changes from 3Q'25 OO CRE by Type 4Q'25 OO CRE by County 4Q'25 OO CRE Office Portfolio by County 4Q'25 Other 4% Mixed Use 3% Office 19% Napa Health Marin 17% Marin Napa Club 21% 22% 20% 3% Industrial Gas/Auto 24% 9% $311MM Alameda $311MM Sacr
Slide 21: Construction Portfolio Concentrations
Construction Portfolio Concentrations As of 12/31/25 Construction by Type 4Q'25 Construction by County 4Q'25 Marin Other Bay Area 21% Multi-Family 1% 21% San Francisco $14M $14MM 42% 1-4 Residential Napa 79% 36% Average Balance: $2.0MM Largest Loan: $3.0MM Wtd. Avg. LTV*: 57% Total Balance: $14.1MM
Slide 22: High-Quality Securities Portfolio Generates Cash Flow
High-Quality Securities Portfolio Generates Cash Flow Data as of 12/31/25 AFS Securities Portfolio ($ in millions at Fair Value) Municipal Bonds 4% Debentures of Agency MBS government agencies 44% Average Yield1 — 4.13% 2% Approx. Effective Duration — 2.95 Unrealized Losses, net (pre tax) — $26.1 mi
Slide 23: Income Statement Highlights
Income Statement Highlights S E C T I O N 03
Slide 24: Net Interest Margin Drivers
Net Interest Margin Drivers • Linked-quarter NIM increased 21bps1 due primarily to higher securities yields and higher interest earning assets, largely due to the effects of the 4Q'25 securities repositioning • The month of December tax-equivalent net interest margin was 3.27% • The Bank continues m
Slide 25: Loans & Securities — Repricing & Maturity
Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated Total Loans1 * at 12/31/2025 Repricing Term Rate Structure Floating Floating & & Variable Variable 3 mo 3-12 1-3 3-5 5-15 Over 15 Floating Variable Rate at Rate at Fixed or less mos years years years years Total Rate
Slide 26: Total Non-Interest Components
Total Non-Interest Components Non-interest Income1 ($ in millions) Non-interest Expense ($ in millions)2 $10.9 $11.2 $11.6 $10.1 $77.1 $78.7 $81.3 $72.6 $75.3 $8.6 $58.5 276.7% $5.0 0.30% 0.29% 0.30% 0.30% 0.25% 112.1% 0.12% 63.1% 73.2% 76.7% 69.2% 55.6% 54.4% 1 1 2020 2021 2022 2023 2024 2025 2020
Slide 27: Capital & Asset Quality
Capital & Asset Quality S E C T I O N 04
Slide 28: History of Strong Asset Quality
History of Strong Asset Quality • Allowance for credit losses to total loans of 1.43% down slightly from the prior quarter • Consistent, robust credit culture and underwriting principles support strong asset quality • Net charge-offs have consistently been negligible for the last five years due to s
Slide 29: AOCI and Tangible Equity
AOCI and Tangible Equity $500.0 80.0% 70.0% $414.6 $416.2 $418.4 $415.5 $415.5 $407.9 $400.0 $390.2 $387.7 $390.0 $391.7 $53.0 $377.8 $381.4 $62.0 $55.1 $69.4 $76.6 $27.5 $12.4 60.0% $73.7 $31.3 $26.5 $30.1 $14.4 $364.2 $363.4 $369.0 $338.4 $362.5 $360.4 $358.9 $361.2 $359.9 $352.6 $346.8 $334.2 $34
Slide 30: Appendix
Th. Bank of Marin Bancorp Appendix
Slide 31: Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities)
Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities) (in thousands; unaudited) Three months ended Year ended Pre-tax, pre-provision net income December 31, 2025 September 30, 2025 December 31, 2025 December 31, 2024 (Loss) income before (benefit from) provisio
Slide 32: Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities)
Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities) (in thousands, except per share amounts; unaudited) Three months ended Year ended Net (loss) income December 31, 2025 September 30, 2025 December 31, 2025 December 31, 2024 Net (loss) income (GAAP) $ (39,541
Slide 33: Summary of Reclassifications and Impacts
Summary of Reclassifications and Impacts 33 Note: Please refer to the Form 8-K filed February 24, 2026 regarding these adjustments to data disclosed on January 26, 2026 , and to the Form 10-K filed on March 13, 2026.
Slide 34: Summary of Reclassifications and Impacts (continued)
Summary of Reclassifications and Impacts (continued) Note: Please refer to the Form 8-K filed February 24, 2026 regarding these adjustments to data disclosed on January 26, 2026, and to the Form 10-K filed on March 13, 2026. 34
Slide 35: Contact Us
Contact Us Tim Myers Dave Bonaccorso President and Chief Executive Officer EVP, Chief Financial Officer (415) 763-4970 (415) 884-4758 timmyers@bankofmarin.com davebonaccorso@bankofmarin.com Media Requests: Yahaira Garcia-Perea Marketing & Corporate Communications Manager (916) 231-6703 yahairagarcia
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