Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Q2 2026 Earnings Presentation
33 slides from Bank Of Marin Bancorp's earnings presentation, Jul 27, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results July 27, 2026 1
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 27 Branch BMRC AT A GLANCE Locations 8 Commercial BMRC Novato, CA NASDAQ Banking Offices Headquarters $3.9 Billion $448.4 Million Total Assets Market Cap Relationship Banking 15.58% 3.61% 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 • 30 years of finance and • 35 years of engineering, • 33 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: Second Quarter 2026 Overview
Second Quarter 2026 Overview • Net interest margin was 3.38% compared to 3.24% in the prior quarter mainly due to improved average loan yields, targeted deposit rate cuts and active balance sheet management through one-way sales of deposits • Newly originated loans were $98 million in Q2, an increas
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% non-interest bearing deposits with a 1.28% cost of deposits in Q2 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 $19.92 $20.00 ▪ Consistent cash dividend provides $18.
Slide 10: Robust Capital Ratios
Robust Capital Ratios As of 6/30/26 15.6% 14.6% The Bank's capital plan and point-in- 13.7% 13.7% 12.9% 12.9% time capital stress tests indicate that capital ratios will remain above regulatory well-capitalized and 10.0% internal policy minimums throughout 9.2% 8.7% 9.0% 8.5% 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 36.7%, highlighting our relationship banking model • Total cost of deposits was 1.28% (interest-bearing 2.04%) for 2Q'26 and 1.35% (interest-bearing 2.10%) for 1Q'26 • Spot rate was
Slide 13: Granular Deposit Account Composition
New Accounts Mix (by count) Granular Deposit 2Q'26 Account Composition Existing Relationships - New $ 21% • 41% of new accounts consisted of new New relationships to the Bank by count Relationships • 66% of new accounts were non-interest 41% 966 bearing by count • Average weighted cost for all new A
Slide 14: Strong Liquidity: $2.2 Billion in Net Availability
Strong Liquidity: $2.2 Billion in Net Availability • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools similar to larger banks, such as the liquidity coverage ratio and multi-scenario, long-horizon stress tests • Deposit outflow assumptions for
Slide 15: Prudent, Sustainable Model for Loan Growth
Total Loans ($ in billions) Prudent, Sustainable $2.089 $2.256 $2.093 $2.074 $2.083 $2.121 $2.101 Model for Loan Growth 4.83% 4.99% 5.08% 4.65% 4.23% 4.29% 4.15% • Loan fundings in Q2 were $62.8 million ($98.4 million total commitments) • Notable pipeline growth and 2020 2021 2022 2023 2024 2025 YTD
Slide 16: Well-diversified Loan Portfolio
Well-diversified Loan Portfolio As of 6/30/26 - No material changes from 1Q'26 • 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 Outstanding # of Commitment Balance Wtd. Avg. • We conducted a DEEP DIVE on loans loans (millions) (millions) Wtd. Avg. Rate DSC maturing or repricing before year-end 2026 20 $57.5 $51.5 5.50% 1.31x 2027 * 2027 2
Slide 18: Non-owner Occupied Office Exposure
Non-owner Occupied Office Exposure As of 6/30/26 - No material changes from 1Q'26 • $363 million in credit exposure spread across our lending footprint comprised of 150 loans • $2.4 million average loan balance – largest loan at $15.4 million • 59% weighted average loan-to-value and 1.65x weighted a
Slide 19: NOO CRE Portfolio Diversified Across Property Type & County
NOO CRE Portfolio Diversified Across Property Type & County As of 6/30/26 - No material changes from 1Q'26 Retail 2Q'26 Warehouse & Industrial 2Q'26 Multifamily 2Q'26 San Francisco Other Bay Other 2% Area 5% 7% Sonoma Alameda Marin 16% Sonoma Napa 8% 8% 18% 7% Marin San Francisco 9% 18% Sacramento S
Slide 20: Owner-Occupied CRE Portfolio
Owner-Occupied CRE Portfolio As of 6/30/26 - No material changes from 1Q'26 OO CRE by Type 2Q'26 OO CRE by County 2Q'26 OO CRE Office Portfolio by County2Q'26 Mixed Use 3% Office Health 20% Other Bay Area Napa Napa Other Marin Club 16% 13% 17% 3% 21% 3% Industrial 26% Auto Dealer 5% Sacramento Alame
Slide 21: Construction Portfolio Concentrations
Construction Portfolio Concentrations As of 6/30/26 Construction by Type 2Q'26 Construction by County 2Q'26 Marin 11% Land/Agricultural 31% San Francisco 34% $14M Sacramento $14M 30% 1-4 Residential 69% Napa Other Bay Area 24% 1% Average Balance: $1.8M Largest Loan: $4.3M Wtd. Avg. LTV*: 55% Total B
Slide 22: High-Quality Securities Portfolio Generates Cash Flow
High-Quality Securities Portfolio Generates Cash Flow Data as of 6/30/26 AFS Securities Portfolio ($ in millions at Fair Value) Municipal Bonds 4% Agency MBS 44% Debentures of government agencies 2% Tax Equivalent Yield — 4.07% Effective Duration — 2.91 Agency CMBS (Variable) Unrealized Losses, net
Slide 23: Loans & Securities — Repricing & Maturity
Loans & Securities — Repricing & Maturity $ in millions, unless otherwise indicated Total Loans1 * at 6/30/2026 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 24: Income Statement Highlights
Income Statement Highlights S E C T I O N 03
Slide 25: Net Interest Margin Drivers
Net Interest Margin Drivers • Linked-quarter NIM increased 14bps due mostly to an 8bps increase in loan yields, a 7bps basis point decrease in cost of deposits, and the use of one-way sales of deposits, which improved the mix of average earnings assets • The Bank continues making strategic pricing a
Slide 26: Total Non-Interest Components
Total Non-Interest Components Non-interest Income1 ($ in millions) Non-interest Expense ($ in millions) 276.7% $14.1 $89.0 $11.6 $75.3 $77.1 $78.7 $81.3 $10.9 $10.9 $11.2 $72.6 $10.1 $58.5 $8.6 112.1% 0.36% 73.2% 0.30% 0.30% 55.6% 63.1% 54.4% 63.6% 0.30% 0.29% 0.25% 0.27% 69.3% 76.6% 69.2% 2020 2021
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 • Special mention loans decreased to $100.9 million due to a planned exit of $19 million related to one relationship, significantly decreasing the Bank's exposure to the wine industry; $2.3 million additionally paid off subsequent to quarter end • Classified loans inc
Slide 29: AOCI and Tangible Equity
AOCI and Tangible Equity $500 80% 70% $416 $418 $416 $416 $400 $390 $388 $390 $392 $53 $378 $381 $55 $69 $77 $28 $12 60% $31 $27 $30 $14 $369 $344 $350 $363 $360 $359 $361 $360 $364 $363 $338 $347 $24 $27 $342 $18 $320 $320 $322 50% $300 Millions 42% 40% 39% 39% 39% $200 34% 35% 34% 34% 33% 33% 33%
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 Six months ended Pre-tax, pre-provision net income June 30, 2026 March 31, 2026 June 30, 2026 June 30, 2025 Income (loss) before provision for (benefit from) inco
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 Six months ended Net income (loss) June 30, 2026 March 31, 2026 June 30, 2026 June 30, 2025 Net income (loss) (GAAP) $ 9,246 $ 8,510 $ 1
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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