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Compared to Estimates, Bank of Marin (BMRC) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Bank of Marin (BMRC - Free Report) reported revenue of $27.07 million, down 24.3% over the same period last year. EPS came in at $0.33, compared to $0.76 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $26.92 million, representing a surprise of +0.56%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bank of Marin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 73% versus 74.3% estimated by three analysts on average.
Net interest margin (FTE): 2.5% versus the three-analyst average estimate of 2.5%.
Average Balance - Total interest earning assets: $3.90 billion versus the two-analyst average estimate of $3.85 billion.
Total Non-performing loans: $5.67 million versus the two-analyst average estimate of $2.88 million.
Net interest income: $24.47 million compared to the $24.91 million average estimate based on three analysts.
Net Interest Income (FTE): $24.68 million versus $24.89 million estimated by two analysts on average.
Total non-interest income: $2.60 million versus $2.81 million estimated by two analysts on average.
Shares of Bank of Marin have returned -5.9% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Bank of Marin (BMRC) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Bank of Marin (BMRC - Free Report) reported revenue of $27.07 million, down 24.3% over the same period last year. EPS came in at $0.33, compared to $0.76 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $26.92 million, representing a surprise of +0.56%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bank of Marin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 73% versus 74.3% estimated by three analysts on average.
- Net interest margin (FTE): 2.5% versus the three-analyst average estimate of 2.5%.
- Average Balance - Total interest earning assets: $3.90 billion versus the two-analyst average estimate of $3.85 billion.
- Total Non-performing loans: $5.67 million versus the two-analyst average estimate of $2.88 million.
- Net interest income: $24.47 million compared to the $24.91 million average estimate based on three analysts.
- Net Interest Income (FTE): $24.68 million versus $24.89 million estimated by two analysts on average.
- Total non-interest income: $2.60 million versus $2.81 million estimated by two analysts on average.
View all Key Company Metrics for Bank of Marin here>>>Shares of Bank of Marin have returned -5.9% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.