Bank of Marin Bancorp reports net income of $9.2 million for Q2, up from $8.5 million sequentially, driven by higher loan yields and lower deposit costs.
Bank of Marin Bancorp posted second-quarter net income of $9.2 million, or $0.58 per share, up from $8.5 million, or $0.53 per share, in the prior quarter. Earnings nearly doubled compared to the same period in 2025, with return on average assets rising to 0.96% and return on average tangible common equity reaching 11.6%.
The tax-equivalent net interest margin expanded 14 basis points to 3.38%, supported by a 62-basis-point increase in new loan yields to 6.53% and a seven-basis-point decline in deposit costs. Net interest income climbed to $30.8 million, reflecting higher loan income and reduced deposit expenses. The efficiency ratio improved to 63.6%.
Management indicated the margin expansion was driven by targeted deposit rate reductions and balance-sheet management, with potential for further gains.