Bank Of Marin Bancorp · NASDAQ:BMRC
Bank Of Marin Bancorp — Q4 2025 Earnings Presentation
23 slides from Bank Of Marin Bancorp's earnings presentation, Jan 26, 2026
Slide 1: Fourth Quarter 2025 Earnings Presentation
Fourth 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 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 $418.8 Million Total Assets Market Cap Relationship Banking 15.25% 3.84% Build strong, long-term customer relationships based on trust, integrity and expertise, in
Slide 4: Fourth Quarter 2025 Overview
Fourth Quarter 2025 Overview • 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 • Completed repositioning of HTM securities portfolio (see complete
Slide 5: Net Interest Margin Drivers
Net Interest Margin Drivers • Linked-quarter NIM increased 24bps due primarily to higher securities yields and higher interest earning assets, largely due to the effects of the 4Q'25 securities repositioning • The Bank continues making strategic pricing adjustments dropping the cost of deposits by 1
Slide 6: 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 15.3% 10.0% • Tangible common equity ratio of 8.4% 8.5% 8.3% 8.6% 8.4% 8.0% • During 4Q'25 we issued $45 million of subordinate
Slide 7: Strong Liquidity: $2.1 Billion in Net Availability
Strong Liquidity: $2.1 Billion in Net Availability • Immediately available contingent funding represented 204% of estimated uninsured and/or uncollateralized deposits at December 31, 2025 • The Bank has long-established minimum liquidity requirements regularly monitored using metrics and tools simil
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 4Q'25 Account Composition Existing Relationships - New $ 19% • 45% of new accounts consisted of new relationships to the Bank by count New • 65% of new accounts were non-interest Relationships 989 45% bearing by count Account Migration • Average weighted
Slide 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: History of Strong Asset Quality
History of Strong Asset Quality • Allowance for credit losses to total loans of 1.42% 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 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: 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 19: 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 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 (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 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, 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 23: 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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