Bank of Marin Bancorp Files 8-K
Ticker: BMRC · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1403475
| Field | Detail |
|---|---|
| Company | Bank Of Marin Bancorp (BMRC) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $293 million, $23 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financials
Related Tickers: BMRC
TL;DR
BMRC filed an 8-K on 6/26 for events on 6/20. Standard disclosure.
AI Summary
Bank of Marin Bancorp filed an 8-K on June 26, 2024, reporting an event that occurred on June 20, 2024. The filing pertains to "Other Events" and "Financial Statements and Exhibits" as per the SEC filing details. The company is incorporated in California and its fiscal year ends on December 31.
Why It Matters
This filing indicates a formal disclosure of significant events or financial information by Bank of Marin Bancorp to the SEC, which is crucial for investors to stay informed about the company's status.
Risk Assessment
Risk Level: low — This is a routine filing of an 8-K, which typically reports on significant events but doesn't inherently signal high risk without specific details within the filing's content.
Key Numbers
- 001-33572 — SEC File Number (Identifies the specific SEC filing for Bank of Marin Bancorp.)
- 20-8859754 — IRS Employer Identification No. (Tax identification number for Bank of Marin Bancorp.)
Key Players & Entities
- Bank of Marin Bancorp (company) — Registrant
- California (location) — State of incorporation
- June 20, 2024 (date) — Date of earliest event reported
- June 26, 2024 (date) — Date of report
- 415-763-4520 (phone_number) — Registrant's telephone number
FAQ
What specific 'Other Events' are being reported by Bank of Marin Bancorp in this 8-K filing?
The provided text does not detail the specific 'Other Events'; it only lists the item information category.
What is the significance of the 'Financial Statements and Exhibits' being listed as an item information category?
This indicates that the filing includes or refers to financial statements and other exhibits, which are important for understanding the company's financial health and operations.
When was Bank of Marin Bancorp incorporated, and what is its fiscal year end?
Bank of Marin Bancorp was incorporated in California and its fiscal year ends on December 31.
What is the primary business of Bank of Marin Bancorp based on its SIC code?
Based on the SIC code [6022], Bank of Marin Bancorp operates in the 'STATE COMMERCIAL BANKS' industry.
What is the physical address of Bank of Marin Bancorp's principal executive office?
The address of its principal executive office is 504 Redwood Blvd., Suite 100, Novato, CA 94947.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-06-26 17:15:19
Key Financial Figures
- $293 million — s release today announcing that it sold $293 million in available-for-sale securities (AFS)
- $23 million — timated after-tax loss of approximately $23 million that will be recorded in the second qua
Filing Documents
- bmrc-20240620.htm (8-K) — 27KB
- pressreleasedatedjune262024.htm (EX-99.1) — 10KB
- bankofmarinbancorplogoa30.jpg (GRAPHIC) — 28KB
- 0001403475-24-000028.txt ( ) — 202KB
- bmrc-20240620.xsd (EX-101.SCH) — 2KB
- bmrc-20240620_lab.xml (EX-101.LAB) — 22KB
- bmrc-20240620_pre.xml (EX-101.PRE) — 13KB
- bmrc-20240620_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events Bank of Marin, the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC), issued a press release today announcing that it sold $293 million in available-for-sale securities (AFS) as part of a strategy designed to improve future earnings, drive EPS growth, and increase return on equity. The securities sold represented 56% of the AFS portfolio and had an average yield of 1.94%. The sale of the securities resulted in an estimated after-tax loss of approximately $23 million that will be recorded in the second quarter of 2024. The Press Release is attached as Exhibit 99.1. Section 9 - Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release dated June 26, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 26, 2024 BANK OF MARIN BANCORP By: /s/ Tani Girton Tani Girton Executive Vice President and Chief Financial Officer