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Bank of Marin Reports Record Annual Earnings

Wednesday, 01 February 2012 09:42

Loans increase 9.5%, achieves milestone of $1 billion

Bank of Marin Bancorp ("Bancorp", NASDAQ: BMRC) announces 2011 annual earnings of $15.6 million, an increase of $2.0 million, or 14.8%, from $13.6 million a year ago. Earnings per share for the year ended December 31, 2011 totaled $2.89 on a diluted basis, up $0.34 from $2.55 in the prior year. 2011 earnings include the impact of the FDIC-assisted acquisition of certain assets and the assumption of certain liabilities of the former Charter Oak Bank on February 18, 2011 (the "Acquisition")

Please click here to read the full press release.