BMRC

Bank of Marin Bancorp

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Financial Services

industry

Banks - Regional

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

04/27/26

Business Summary

BMRC operates as a regional banking institution, generating cash primarily through net interest income — taking deposits and lending into its local markets — supplemented by traditional banking fees. As a Banks - Regional player, its moat is relationship-driven: local deposit bases, underwriting familiarity, and customer stickiness rather than scale dominance. The value creation engine depends on disciplined credit underwriting and spread management, which directly drive ROE and ROIC. Its competitive advantage, therefore, rests on balance sheet prudence and cost control — both of which must improve materially to strengthen its economic moat.

VALUATION

P/E

-

Market Cap ($M USD)

$431

Forward P/E

10.3

PEG

1.4

PRICE TO SALES

14.8

PRICE TO BOOK

1.1

EV / EBITDA

-

5-Year Average P/E

DIVIDEND

Yield

3.70%

Annual Payout

$1.00

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

1.70%

Financial Health & Profitability

Earnings Per Share

-$2.24

Next Year EPS Growth Estimate

$2.59

Next Year Revenue Growth Estimate

7.10%

Return on Equity (ROE)

-9.00%

Operating Margin

-179.60%

Debt-to-Equity

0.2

Piotroski F-Score

3

Altman Z-Score

0.1

Return on Invested Capital (ROIC)

2.30%%

Current Ratio

-

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At $431M market cap, BMRC screens optically cheap on a 10.3 forward P/E and 1.1 price/book, but that valuation is sitting on top of an Altman Z-Score of 0.1 and a Piotroski F-Score of 3 — both flashing severe financial fragility. The market is not irrational here; it is discounting material balance sheet and earnings risk. A PEG Forward of 1.4 suggests growth is not particularly cheap relative to expectations, and with operating margin at -9.00% and ROIC at 2.30%, this is not a high-quality compounding engine. This is a statistically cheap regional bank with clear distress signals, not a misunderstood growth story.

AI Exposure / Tech Reliance

As a regional bank in Financial Services, BMRC’s AI exposure is indirect and operational rather than product-driven. Technology adoption would primarily impact underwriting efficiency, risk analytics, and cost structure, not revenue transformation. In a Banks - Regional industry, AI is defensive — a tool to protect margins — and with operating margin at -9.00%, execution risk is meaningful.

The Bull Case

A value investor could argue that 1.1 price/book combined with a 10.3 forward P/E offers asymmetric upside if profitability normalizes. Institutional ownership at $29.60% suggests some professional capital is willing to engage despite volatility, and short interest at 1.70% is not signaling an aggressive bearish consensus. Return on equity at 7.10%, while not elite, is positive, and ROIC at 2.30% indicates the bank is at least generating returns above zero despite current stress. If operating leverage improves and earnings stabilize ahead of the 04/27/26 earnings catalyst, even modest margin recovery could justify multiple expansion from depressed levels.

The Bear Case

The red flags overwhelm the bull narrative. A Debt/Equity of -179.60% is extreme, operating margin at -9.00% signals core profitability issues, and an Altman Z-Score of 0.1 places the company deep in distress territory. The Piotroski F-Score of 3 confirms deteriorating financial quality, and a PEG Forward of 1.4 hardly compensates investors for that risk. Add in a 0.2 TTM Yield, a Dividend Per Share USD listed at 3.70%, and a Payout Ratio of $1.00, and the capital return profile lacks clarity and conviction — this is a balance sheet and earnings stabilization story, not a proven franchise compounder.

Market Sentiment & Smart Money

Short Interest %

4.20%

Analyst Consensus

2

Average Analyst Price Target

$29.60

Institutional Ownership %

64.80%

1-Year Beta

0.95

Insider Buying % (6 Mo)

9.60%%

Distance to 52-Week High

93.90%%

Distance to 52-Week Low

139.70%%