Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Q3 2025 Earnings Presentation
24 slides from Bank Of Marin Bancorp's earnings presentation, Oct 27, 2025
Slide 1: Third Quarter 2025 Earnings Presentation
Third Quarter 2025 Earnings Presentation
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: Bank of Marin Bancorp: BMRC 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 $390.8 Million Total Assets Market Cap Relationship Banking 16.13% 4.12% Build strong, long-term customer relationships based on trust, integrity and expertise, in
Slide 4: Third Quarter 2025 Overview
Third Quarter 2025 Overview • Tax-equivalent net interest margin increased to 3.08% from 2.93%, driven by the repositioning of securities in Q2 (13bp impact, as anticipated) and higher average interest-earning assets, strongly impacted by deposit growth • Net income and diluted EPS for Q3 was $7.5 m
Slide 5: Net Interest Margin Drivers
Net Interest Margin Drivers • Linked-quarter NIM increased 15 bps due primarily to higher interest earning assets and higher securities yields, largely due to the effects of the 2Q'25 AFS securities restructuring, contributing 13bps to annualized NIM • Although loan yields rose, the average balance
Slide 6: Robust Capital Ratios
Robust Capital Ratios As of 9/30/25 16.1% • We maintained high capital levels and are 14.9% 14.9% 15.1% 13.9% 13.9% in a position of strength • Total risk-based capital of 16.1% 10.0% 9.4% 10.1% 9.7% 9.0% 8.0% 8.2% 7.6% • Tangible common equity ratio of 9.7% 6.5% 5.0% • During 3Q'25 we repurchased 5
Slide 7: Strong Liquidity: $2.0 Billion in Net Availability
Strong Liquidity: $2.0 Billion in Net Availability • Immediately available contingent funding represented 202% of estimated uninsured and/or uncollateralized deposits at September 30, 2025 • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools simi
Slide 8: Strong Deposit Franchise
Strong Deposit Franchise • Bank of Marin ranked #1 on the west coast and #4 nationwide in 2025 by S&P Global Market Intelligence for best deposit franchise among banks with total assets between $3 billion and $10 billion • Deposit mix continues to favor a high percentage of non-interest bearing depo
Slide 9: Granular Deposit Account Composition
New Accounts Mix (by count) Granular Deposit 3Q'25 Account Composition Existing Relationships - New $ 21% • 43% of new accounts consisted of new New relationships to the Bank by count • 41% of new accounts were non-interest Relationships 43% 1,049 bearing by count • Average weighted cost for all new
Slide 10: Prudent, Sustainable Model for Loan Growth
Prudent, Sustainable Model for Loan Total Loans ($ in billions) Growth • Loan originations peaked in Q3 with $70 $2.256 million funded $2.089 $2.093 $2.074 $2.083 $2.090 • Notable pipeline growth and diversification from key hires, 4.98% compensation program enhancements, 4.83% and calling programs
Slide 11: Well-diversified Loan Portfolio
Well-diversified Loan Portfolio As of 9/30/25 - No material changes from 2Q'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 12: NOO CRE Portfolio Diversified Across Property Type & County
NOO CRE Portfolio Diversified Across Property Type & County As of 9/30/25 - No material changes from 2Q'25 Retail 3Q'25 Warehouse & Industrial 3Q'25 Multifamily 3Q'25 San Francisco 3% San Francisco Sonoma Alameda 17% Sonoma 6% 10% 15% Sonoma Marin San Francisco 27% Alameda Sacramento 11% 23% 15% 20%
Slide 13: Non-owner Occupied Office Exposure
Non-owner Occupied Office Exposure As of 9/30/25 - No material changes from 2Q'25 • $365 million in credit exposure spread across our lending footprint comprised of 149 loans • $2.4 million average loan balance – largest loan at $15.6 million • 67% weighted average loan-to-value and 1.63x weighted a
Slide 14: Owner-Occupied CRE Portfolio
Owner-Occupied CRE Portfolio As of 9/30/25 - No material changes from 2Q'25 OO CRE by Type 3Q'25 OO CRE by County 3Q'25 OO CRE Office Portfolio by County 3Q25 Retail 7% Napa Industrial Marin 17% Marin Napa School 20% 24% 20% 20% 14% 1-4 Residential 3% Alameda $314MM $314MM Wine Alameda Sacramento 6%
Slide 15: Construction Portfolio Concentrations
Construction Portfolio Concentrations As of 9/30/25 Construction by Type 3Q'25 Construction by County 3Q'25 Marin 20% Multi-Family 25% $16MM $16MM San Francisco 48% Napa 1-4 Residential 32% 75% Average Balance: $1.8MM Largest Loan: $3.0MM Wtd. Avg. LTV*: 64% Total Balance: $15.9MM Unfunded Commitmen
Slide 16: 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
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 18 $67.1MM $63.6MM 5.23% 1.18x 2026 * 2026 27 $95.5MM $88.5MM
Slide 18: Loans & Securities — Repricing & Maturity
Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated Total Loans1 * at 9/30/2025 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
Slide 19: High-Quality Securities Portfolio Generates Cash Flow
High-Quality Securities Portfolio Generates Cash Flow Data as of 9/30/25 AFS Securities Portfolio HTM Securities Portfolio Municipal Bonds Corporate Bonds 5% 2% Municipal Bonds Agency MBS 7% 20% Agency MBS Agency CMBS (Variable) 22% 16% GSEs 15% Agency CMBS (Variable) Agency CMO (Fixed) 1% 22% $543.
Slide 20: Appendix
Th. Bank of Marin Bancorp Appendix
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) September 30, 2025 Tangible Common Equity - Bancorp Total stockholders' equity $ 443,818 Goodwill and core deposit intangible (74,867) Total TCE a 368,951 Unrealized losses on HTM securities, ne
Slide 22: 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 Nine months ended Pre-tax, pre-provision net income September 30, 2025 June 30, 2025 September 30, 2025 September 30, 2024 Income (loss) before provision for (ben
Slide 23: 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 Nine months ended Net income (loss) September 30, 2025 June 30, 2025 September 30, 2025 September 30, 2024 Net income (loss) (GAAP) $ 7,
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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