Bank of Marin FY26 Q1 net income rises 75% to $8.5 million

• Bank of Marin Bancorp posted first-quarter net income of $8.5 million, up 75% year over year.
• Diluted earnings per share rose to $0.53.
• Tax-equivalent net interest margin widened 6 basis points to 3.24% from prior quarter, largely due to securities repositioning completed in fourth-quarter 2025.
• Credit quality strengthened as non-accrual loans fell to 0.41% of total loans from 1.27% of assets, helped by sales of $16.3 million of classified and non-accrual loans.
• Management expects deposit and loan repricing benefits to further expand net interest margin during the remainder of 2026.

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