Bank of Marin Bancorp (NASDAQ:BMRC) is reporting second quarter financial results on Monday 20th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, BMRC is expected to report 2Q20 income of $ 0.41 per share from revenue of $ 23.97 million.
For the full year, analysts anticipate top line of $ 101.87 million, while looking forward to income of $ 2.05 per share bottom line.
Previous Quarter Performance
Bank of Marin Bancorp unveiled income for the first quarter of $ 0.53 per share, from the revenue of $ 24.12 million. The quarterly earnings contracted 1.85 percent while revenues boosted 1.13 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.51 per share from $ 24.50 million in revenue. The bottom line results beat street analysts by $ 0.02 or 3.92 percent, at the same time, top line results fell short of analysts by $ 0.38 million or 1.55 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BMRC was $ 31.91, representing a 34.08 % increase from the 52 week low of $ 23.80 and a 33.2 % decrease over the 52 week high of $ 47.77.
The company has a market capital of $ 433.04 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 17, 2020, the board of directors authorized quarterly dividend of $ 0.23 per share to holders of record as of the close of business on May 1, 2020, with payment date of May 8, 2020 and ex-dividend date on April 30, 2020.
Conference Call
Bank of Marin Bancorp will be hosting a conference call at 11:30 AM eastern time on 20th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bankofmarin.com
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services. It also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit.
