AP NEWS

Bank of Marin: 4Q Earnings Snapshot

January 27, 2020 GMT

NOVATO, Calif. (AP) _ Bank of Marin Bancorp (BMRC) on Monday reported fourth-quarter net income of $9.1 million.

The bank, based in Novato, California, said it had earnings of 66 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The bank holding company posted revenue of $27.6 million in the period. Its revenue net of interest expense was $26.2 million, meeting Street forecasts.

For the year, the company reported profit of $34.2 million, or $2.48 per share. Revenue was reported as $104.8 million.

Bank of Marin shares have fallen 2% since the beginning of the year. The stock has climbed almost 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMRC at https://www.zacks.com/ap/BMRC