Bank Of Marin Bancorp · NASDAQ:BMRC

Bank Of Marin Bancorp — Q2 2025 Earnings Presentation

24 slides from Bank Of Marin Bancorp's earnings presentation, Jul 28, 2025

  1. Slide 1: Second Quarter 2025 Earnings Presentation

    Second Quarter 2025 Earnings Presentation

  2. 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

  3. Slide 3: Bank of Marin Bancorp at a Glance

    Bank of Marin Bancorp BMRC AT A GLANCE 27 Branch Locations BMRC Novato, CA 8 Commercial NASDAQ Headquarters Banking Offices $3.7 Billion $368.1 Million Total Assets Market Cap Relationship Banking 16.25% 4.38% Build strong, long-term customer relationships based on trust, integrity and expertise, in

  4. Slide 4: Second Quarter 2025 Overview

    Second Quarter 2025 Overview • Tax-equivalent net interest margin increased to 2.93% from 2.86%, mostly driven by new loan production at higher rates • Net (loss) income and diluted EPS for 2Q'25 was ($8.5) million and ($0.53); excluding the loss on sale of securities was $4.7 million and $0.29, res

  5. Slide 5: Net Interest Margin Drivers

    Net Interest Margin Drivers • Linked-quarter NIM increased 7 bps due primarily to higher loan and securities yields, largely due to the effects of new loan production at higher rates • The Bank began deposit rate cuts in August '24 and continues making strategic pricing adjustments into July'25 • 2Q

  6. Slide 6: Robust Capital Ratios

    Robust Capital Ratios As of 6/30/25 16.3% • We maintained high capital levels and are 15.0% 15.0% in a position of strength • Total risk-based capital of 16.3% 10.0% 10.2% 10.0% • Tangible common equity ratio of 10.0% 8.0% 8.3% 6.5% • During 2Q'25 we repurchased 100,000 5.0% shares at an average pri

  7. Slide 7: Strong Liquidity: $1.9 Billion in Net Availability

    Strong Liquidity: $1.9 Billion in Net Availability • Immediately available contingent funding represented 200% of estimated uninsured and/or uncollateralized deposits at June 30, 2025, • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools similar

  8. Slide 8: Strong Deposit Franchise

    Strong Deposit Franchise • Deposit mix continues to favor a high percentage of non-interest bearing deposits • Total cost of deposits was 1.28% (interest-bearing 2.24%) for 2Q'25 and 1.29% (interest-bearing 2.27%) for the prior quarter • June cost of deposits and spot rate as of June 30, 2025 were 1

  9. Slide 9: Granular Deposit Account Composition

    New Accounts Mix (by count) Granular Deposit 2Q'25 Account Composition Existing Relationships - New $ 22% • 40% of new accounts consisted of new New relationships to the Bank by count Relationships • 40% of new accounts were non-interest 40% 1,011 bearing by count • Average weighted cost for all new

  10. Slide 10: Prudent, Sustainable Model for Loan Growth

    Prudent, Sustainable Model for Loan Total Loans ($ in billions) Growth • Loan originations were at yields higher $2.256 than those on paid off loans $2.089 $2.093 $2.074 $2.083 $2.074 • Notable pipeline growth and diversification from key hires, 4.95% compensation program enhancements, 4.83% and cal

  11. Slide 11: Well-diversified Loan Portfolio

    Well-diversified Loan Portfolio As of 6/30/25 - No material changes from 1Q'25 • Loan portfolio is well-diversified across borrowers, industries, loan and property types within our geographic footprint • 88% of all loans and 94% of loans excluding nonprofit organizations are guaranteed by owners of

  12. Slide 12: NOO CRE Portfolio Diversified Across Property Type & County

    NOO CRE Portfolio Diversified Across Property Type & County As of 6/30/25 - No material changes from 1Q'25 Retail 2Q'25 Warehouse & Industrial 2Q'25 Multifamily 2Q'25 San Francisco 3% San Francisco Sonoma Alameda 13% Sonoma 6% 11% 15% Marin Sonoma 12% San Francisco Sacramento 30% Alameda 26% 20% 16%

  13. Slide 13: Non-owner Occupied Office Exposure

    Non-owner Occupied Office Exposure As of 6/30/25 - No material changes from 1Q'25 • $361 million in credit exposure spread across our lending footprint comprised of 147 loans • $2.5 million average loan balance – largest loan at $15.8 million • 64% weighted average loan-to-value and 1.62x weighted a

  14. Slide 14: Owner-Occupied CRE Portfolio

    Owner-Occupied CRE Portfolio As of 6/30/25 - No material changes from 1Q'25 OO CRE by Type 2Q'25 OO CRE by County 2Q'25 OO CRE Office Portfolio by County 2Q25 Retail Napa 7% Marin 17% Marin Napa Industrial 20% 20% School 21% 25% 15% Alameda $320MM Wine Alameda 14% $320MM Sacramento 20% 6% $62MM 10%

  15. Slide 15: Construction Portfolio Concentrations

    Construction Portfolio Concentrations As of 6/30/25 Construction by Type 2Q'25 Construction by County 2Q'25 Marin Other Bay Area 12% 8% Multi-Family 35% $25MM $25MM Napa 16% San Francisco 64% 1-4 Residential 65% Average Balance: $2.7MM Largest Loan: $6.7MM Wtd. Avg. LTV*: 59% Total Balance: $25.0MM

  16. Slide 16: History of Strong Asset Quality

    History of Strong Asset Quality • Allowance for credit losses to total loans of 1.44%, consistent with 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 strong

  17. Slide 17: Low Refinance Risk in NOO CRE Portfolio through 2026

    Low Refinance Risk in NOO CRE Portfolio Maturing Loan Commitments > $1.0MM through 2026 # of Outstanding Wtd. Avg. loans Commitment Balance Wtd. Avg. Rate DSC • We conducted a DEEP DIVE on loans maturing or repricing before year-end 2025 20 $72.4MM $68.8MM 5.11% 1.37x 2026 * 2026 26 $95.0MM $88.0MM

  18. Slide 18: Loans & Securities — Repricing & Maturity

    Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated Total Loans1 * at 6/30/2025 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

  19. Slide 19: High-Quality Securities Portfolio Generates Cash Flow

    High-Quality Securities Portfolio Generates Cash Flow Data as of 6/30/25 AFS Securities Portfolio HTM Securities Portfolio Municipal Bonds Corporate Bonds 7% Municipal Bonds 2% 7% GSEs 14% $392.0MM $823.3MM Agency MBS/CMO 93% Agency MBS/CMO 77% ($ in millions at Cost) ($ in millions at Fair Value) A

  20. Slide 20: Appendix

    Th. Bank of Marin Bancorp Appendix

  21. Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures

    Reconciliation of GAAP to Non-GAAP Financial Measures (in thousands, except per share amounts; unaudited) June 30, 2025 Tangible Common Equity - Bancorp Total stockholders' equity $ 438,538 Goodwill and core deposit intangible (75,098) Total TCE a 363,440 Unrealized losses on HTM securities, net of

  22. Slide 22: Reconciliation of GAAP to Non-GAAP Financial Measures

    Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities) (in thousands; unaudited) Three months ended Six months ended Pre-tax, pre-provision net income June 30, 2025 March 31, 2025 June 30, 2025 June 30, 2024 (Loss) income before (benefit from) provision for inco

  23. Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures

    Reconciliation of GAAP to Non-GAAP Financial Measures (Excluding Loss on Sale of Securities) (in thousands, except per share amounts; unaudited) Three months ended Six months ended Net (loss) income June 30, 2025 March 31, 2025 June 30, 2025 June 30, 2024 Net (loss) income (GAAP) $ (8,536) $ 4,876 $

  24. Slide 24: 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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