Novato-based Bank of Marin Bancorp reported a Q2 loss of $21.9 million, compared to Q2 2021 profit.
Novato-based Bank of Marin Bancorp reported a Q2 loss of $21.9 million, compared to a profit in Q2 2021. Earnings per share adjusted for non-recurring costs were 6 cents, falling short of Wall Street expectations. The second quarter results included a $32.5 million pretax loss from balance sheet restructuring and a $5.2 million pre-tax provision for credit losses on loans.
July 29, 2024
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