Bank of Marin Bancorp (BMRC) Income Statement
BMRC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBMRC revenue and net income
Where BMRC's revenue goes
2025Each bar shows an amount and its share of revenue. BMRC kept 24.6% of revenue as net income.
BMRC profit margins
BMRC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +51.8% | +7.9% | +10.3% | +8.4% |
| Gross profit | +108.6% | −1.0% | +6.3% | +5.9% |
| Operating income | — | −6.7% | +4.9% | +6.0% |
| Net income | — | −2.3% | +7.5% | +8.9% |
| EPS (diluted) | +83.3% | −17.7% | −5.4% | +0.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BMRC quarterly EPS vs estimates
Bank of Marin Bancorp beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.57).
BMRC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $176.7M | $116.4M | $141.7M | $140.7M | $118.5M | $108.2M | $109.5M | $105.2M | $84.9M | $84.6M |
| Cost of revenue | $42.3M | $51.9M | $39.0M | $2.2M | $961,000 | $9.1M | $5.7M | $3.5M | $2.2M | $419,000 |
| Gross profit | $134.5M | $64.5M | $102.7M | $138.5M | $117.5M | $99.0M | $103.9M | $101.7M | $82.6M | $84.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $60.4M | $48.8M | $47.8M | $45.4M | $44.7M | $36.3M | $36.1M | $35.5M | $31.9M | $28.6M |
| Total operating expenses | $82.8M | $78.3M | $76.7M | $75.0M | $72.6M | $58.5M | $58.0M | $58.3M | $53.8M | $47.7M |
| Operating income | $51.6M | −$13.8M | $26.0M | $63.5M | $44.9M | $40.6M | $45.9M | $43.4M | $28.8M | $36.5M |
| Interest income | $152.4M | $141.3M | $139.5M | $130.0M | $108.4M | $99.6M | $100.4M | $95.1M | $76.6M | $75.4M |
| Interest expense | $42.2M | $46.6M | $36.7M | $2.5M | $3.4M | $3.0M | $4.8M | $3.5M | $1.7M | $2.3M |
| Income before taxes | $62.3M | −$13.8M | $26.0M | $63.5M | $44.9M | $40.6M | $45.9M | $43.4M | $28.8M | $36.5M |
| Income taxes | $18.9M | −$5.4M | $6.1M | $16.9M | $11.7M | $10.3M | $11.7M | $10.8M | $12.9M | $13.3M |
| Net income | $43.4M | −$8.4M | $19.9M | $46.6M | $33.2M | $30.2M | $34.2M | $32.6M | $16.0M | $23.1M |
| EBITDA | $53.8M | −$11.4M | $29.5M | $66.8M | $47.8M | $43.6M | $49.0M | $46.5M | $31.3M | $38.8M |
| EPS (diluted) | $1.65 | $0.90 | $1.24 | $2.96 | $2.38 | $2.18 | $2.49 | $2.33 | $1.61 | $1.91 |
| Gross margin | 76.1% | 55.4% | 72.5% | 98.5% | 99.2% | 91.5% | 94.8% | 96.6% | 97.4% | 99.5% |
| Operating margin | 29.2% | −11.9% | 18.4% | 45.1% | 37.9% | 37.5% | 41.9% | 41.3% | 34.0% | 43.1% |
| Net margin | 24.6% | −7.2% | 14.0% | 33.1% | 28.1% | 28.0% | 31.3% | 31.0% | 18.8% | 27.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.3M | $46.6M | $79.3M | $40.7M | $19.6M | $37.2M | $38.4M | $38.3M | $3.7M | $36.1M | $29.4M | $36.5M |
| Cost of revenue | $0 | $12.5M | $10.7M | $10.9M | $10.4M | $10.4M | $11.2M | $11.8M | $17.1M | $11.8M | $12.5M | $11.1M |
| Gross profit | $34.3M | $34.1M | $68.6M | $29.8M | $9.2M | $26.8M | $27.1M | $26.5M | −$13.4M | $24.3M | $16.9M | $25.4M |
| Sales, general & admin | $13.4M | $15.5M | $21.4M | $13.0M | $13.0M | $13.0M | $10.4M | $11.9M | $13.4M | $13.1M | $11.5M | $11.8M |
| Total operating expenses | $21.6M | $22.5M | $21.9M | $20.2M | $20.4M | $20.3M | $17.5M | $19.5M | $21.0M | $20.3M | $16.5M | $18.5M |
| Operating income | $12.7M | $11.6M | $46.7M | $9.6M | −$11.2M | $6.5M | $9.6M | $7.0M | −$34.4M | $3.9M | $392,000 | $6.9M |
| Interest income | $42.3M | $42.8M | $41.8M | $39.1M | $36.3M | $35.2M | $36.5M | $36.3M | $34.3M | $34.1M | $35.4M | $35.1M |
| Interest expense | $11.6M | $12.5M | $10.7M | $10.9M | $10.4M | $10.3M | $11.2M | $12.1M | $11.9M | $11.5M | $11.2M | $10.6M |
| Income before taxes | $12.7M | $11.6M | $57.4M | $9.6M | −$11.2M | $6.5M | $9.6M | $7.0M | −$34.4M | $3.9M | $392,000 | $6.9M |
| Income taxes | $3.4M | $3.1M | $17.8M | $2.1M | −$2.7M | $1.6M | $3.6M | $2.4M | −$12.5M | $1.0M | −$218,000 | $1.6M |
| Net income | $9.2M | $8.5M | $39.5M | $7.5M | −$8.5M | $4.9M | $6.0M | $4.6M | −$21.9M | $2.9M | $610,000 | $5.3M |
| EBITDA | $13.2M | $12.1M | $47.3M | $10.1M | −$10.7M | $7.0M | $10.2M | $7.6M | −$33.8M | $4.6M | $1.1M | $7.7M |
| EPS (diluted) | $0.58 | $0.53 | $0.52 | $0.47 | $0.36 | $0.30 | $0.38 | $0.28 | $0.06 | $0.18 | $0.04 | $0.33 |
| Gross margin | 100.0% | 73.2% | 86.6% | 73.2% | 47.1% | 72.1% | 70.7% | 69.1% | −366.1% | 67.3% | 57.6% | 69.7% |
| Operating margin | 37.0% | 24.9% | 58.9% | 23.6% | −57.1% | 17.4% | 25.1% | 18.2% | −939.1% | 10.9% | 1.3% | 18.9% |
| Net margin | 27.0% | 18.3% | 49.9% | 18.5% | −43.5% | 13.1% | 15.6% | 11.9% | −598.3% | 8.1% | 2.1% | 14.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BMRC's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BMRC financial results
In fiscal year 2025 (ended December 31, 2025), Bank of Marin Bancorp reported revenue of $176.7 million, up 51.8% from the year before. It had net income of $43.4 million, a net profit margin of 24.6%. Diluted earnings per share came to $1.65. Over five years revenue grew at an average rate of 10.3% a year.
See the BMRC stock overview for the latest quote and news, or the BMRC chart for price history and technical indicators.
BMRC income statement FAQ
What is Bank of Marin Bancorp's annual revenue?
Bank of Marin Bancorp reported total revenue of $176.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 51.8% from $116.4 million the previous year.
Is Bank of Marin Bancorp profitable?
Yes. Bank of Marin Bancorp reported net income of $43.4 million in fiscal 2025, a net profit margin of 24.6%; its operating margin was 29.2%.
What is Bank of Marin Bancorp's gross margin?
Bank of Marin Bancorp's gross margin was 76.1% in fiscal 2025: for every $100 of revenue, Bank of Marin Bancorp kept $76 after the direct cost of its products and services.
How fast is Bank of Marin Bancorp growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $108.2 million to $176.7 million.
What are Bank of Marin Bancorp's earnings per share?
Bank of Marin Bancorp earned $1.65 per diluted share in fiscal 2025, compared with $0.90 a year earlier.
When will Bank of Marin Bancorp report its next earnings?
Bank of Marin Bancorp is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 before the market opens.
When does Bank of Marin Bancorp's fiscal year end?
Bank of Marin Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.