Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Q1 2026 Earnings Presentation
33 slides from Bank Of Marin Bancorp's earnings presentation, Apr 27, 2026
Slide 1: First Quarter 2026 Results
First Quarter 2026 Results April 27, 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 at a Glance
Bank of Marin Bancorp BMRC AT A GLANCE 27 Branch Locations BMRC Novato, CA 8 Commercial NASDAQ Headquarters Banking Offices $3.9 Billion $414.9 Million Total Assets Market Cap Relationship Banking 15.26% 3.90% Build strong, long-term customer relationships based on trust, integrity and expertise, in
Slide 5: 221 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: First Quarter 2026 Overview
First Quarter 2026 Overview • Non-accrual and classified loans to total loans declined significantly due to resolution of two non-accrual loans • Newly originated loans were $81MM ($61MM funded) in Q1 (highest Q1 originations since 2015) • Achieved anticipated 21bp increase in net interest margin du
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 35.9% non-interest bearing deposits with a 1.35% cost of deposits in Q1 Robust Capital Levels & Liquidity Regulatory capital ratios remain comfortably above
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 $19.77 $20.00 ▪ Consistent cash dividend provides $18.81 $18.
Slide 10: Robust Capital Ratios
Robust Capital Ratios As of 3/31/26 15.3% 14.1% The Bank's capital plan and point-in- 13.2% 13.2% time capital stress tests indicate that 12.6% 12.6% capital ratios will remain above regulatory well-capitalized and 10.0% internal policy minimums throughout 8.6% 8.7% 8.2% 8.3% a five-year forecast ho
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 35.9%, highlighting our relationship banking model • Total cost of deposits was 1.35% (interest-bearing 2.10%) for 1Q'26 and 1.35% (interest-bearing 2.16%) for the prior quarter • Sp
Slide 13: Granular Deposit Account Composition
New Accounts Mix (by count) Granular Deposit 1Q'26 Account Composition Existing Relationships - New $ 20% • 42% of new accounts consisted of new New relationships to the Bank by count • 62% of new accounts were non-interest Relationships 42% 994 bearing by count • Average weighted cost for all new A
Slide 14: Strong Liquidity: $2.2 Billion in Net Availability
Strong Liquidity: $2.2 Billion in Net Availability • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools similar to larger banks, such as the liquidity coverage ratio and multi-scenario, long-horizon stress tests • Deposit outflow assumptions for
Slide 15: Prudent, Sustainable Model for Loan Growth
Prudent, Sustainable Model for Loan Total Loans ($ in billions) Growth • Loan fundings in Q1 were $60.8 million $2.256 ($80.5 million total commitments) which $2.089 $2.093 $2.074 $2.083 $2.121 $2.116 is the highest first quarter since 2015 • Notable pipeline growth and 4.99% 5.04% diversification f
Slide 16: Well-diversified Loan Portfolio
Well-diversified Loan Portfolio As of 3/31/26 - No material changes from 4Q'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 25 $82.8MM $75.8MM 4.90 1.49x 2027 * 2027 26 $75.0MM $71.9MM 4
Slide 18: Non-owner Occupied Office Exposure
Non-owner Occupied Office Exposure As of 3/31/26 - No material changes from 4Q'25 • $354 million in credit exposure spread across our lending footprint comprised of 146 loans • $2.4 million average loan balance – largest loan at $15.4 million • 61% weighted average loan-to-value and 1.67x weighted a
Slide 19: NOO CRE Portfolio Diversified Across Property Type & County
NOO CRE Portfolio Diversified Across Property Type & County As of 3/31/26 - No material changes from 4Q'25 Retail 1Q'26 Warehouse & Industrial 1Q'26 Multifamily 1Q'26 S an F rancis co O ther O ther B ay 2% 4% Area 7% S onoma Alameda Marin S onoma Napa 15% 9% 8% 16% 7% Marin 9% S an F rancis co 18% S
Slide 20: Owner-Occupied CRE Portfolio
Owner-Occupied CRE Portfolio As of 3/31/26 - No material changes from 4Q'25 OO CRE by Type 1Q'26 OO CRE by County 1Q'26 OO CRE Office Portfolio by County 1Q'26 O ffice O ther 29% Napa 1% Marin 17% Marin Napa 21% 22% 20% Mixed Us e 5% Indus trial Health 24% C lub 2% $309MM Alameda $309MM S acramento
Slide 21: Construction Portfolio Concentrations
Construction Portfolio Concentrations As of 3/31/26 Construction by Type 1Q'26 Construction by County 1Q'26 Marin Multi-F amily 27% 24% $14MM $14MM S an F rancis co 55% O ther B ay Area 1-4 R es idential 18% 76% Average Balance: $2.1MM Largest Loan: $3.0MM Wtd. Avg. LTV*: 55% Total Balance: $14.2MM
Slide 22: High-Quality Securities Portfolio Generates Cash Flow
High-Quality Securities Portfolio Generates Cash Flow Data as of 3/31/26 AF S S ecurities P ortfolio ($ in millions at Fair Value) Municipal Bonds 4% Debentures of Agency MBS government agencies 44% Average Yield1 — 4.05% 2% Approx. Effective Duration — 2.90 Unrealized Losses, net (pre tax) — $7.6 m
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 6bps due primarily to higher securities yields due to the effects of the 4Q'25 securities repositioning • The month of March tax-equivalent net interest margin was 3.26% • The Bank continues making strategic pricing adjustments, offset in th
Slide 25: Loans & Securities — Repricing & Maturity
Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated Total Loans1 * at 3/31/2026 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) $15.5 $91.4 $75.3 $77.1 $78.7 $81.3 $10.9 $11.2 $11.6 $72.6 $10.1 $58.5 $8.6 276.7% 0.39% $5.0 0.30% 0.30% 0.29% 0.30% 0.25% 112.1% 55.6% 63.1% 54.4% 73.2% 76.7% 69.2% 66.0% 0.12% 2020 2021 2022 2
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 1.08% down from the prior quarter due to charge-offs in Q1 (which were fully offset by specific reserves already in place) • Consistent, robust credit culture and underwriting principles support strong asset quality Net
Slide 29: AOCI and Tangible Equity
AOCI and Tangible Equity $500.0 80.0% 70.0% $416.2 $418.4 $415.5 $415.5 $400.0 $390.2 $387.7 $390.0 $391.7 $53.0 $377.8 $381.4 $55.1 $69.4 $76.6 $27.5 $12.4 60.0% $31.3 $26.5 $30.1 $14.4 $362.5 $364.2 $363.4 $369.0 $338.4 $343.8 $360.4 $358.9 $361.2 $359.9 $346.8 $23.8 $341.8 $18.4 $320.0 $320.0 50.
Slide 30: Appendix
Th. Bank of Marin Bancorp Appendix
Slide 31: 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 Three months ended Pre-tax, pre-provision net income March 31, 2026 December 31, 2025 March 31, 2026 March 31, 2025 Income (loss) before provision for (benefit fr
Slide 32: 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 Three months ended Net income (loss) March 31, 2026 December 31, 2025 March 31, 2026 March 31, 2025 Net income (loss) (GAAP) $ 8,510 $ (
Slide 33: 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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