Bank Of Marin Bancorp Q1 Profit Misses Estimates

RTTNews | 485 dni temu
Bank Of Marin Bancorp Q1 Profit Misses Estimates

(RTTNews) - Bank of Marin Bancorp (BMRC), parent company of Bank of Marin, reported Monday its net income for the first quarter of fiscal 2024 was $2.92 million or $0.18 per share, compared to $9.44 million or $0.59 per share in the prior-year quarter.

Net interest income for the quarter was $22.69 million, down from $29.72 million in the year-ago quarter.

Total noninterest income also declined to $2.75 million from $2.94 million last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share on revenues of $24.85 million for the quarter. Analysts' estimates typically exclude special items.

The Company's Board of Directors declared a cash dividend of $0.25 per share on April 25, 2024, payable on May 16, 2024, to shareholders of record at the close of business on May 9, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Bank Of Marin Bancorp Slips To Loss In Q2

Bank Of Marin Bancorp Slips To Loss In Q2

Bank of Marin Bancorp (BMRC), parent company of Bank of Marin, reported Monday a net loss for the second quarter of $21.90 million or $1.36 per share, compared to $2.92 million or $0.18 per share in the prior-year quarter. Excluding items, comparable earnings was $0.06 per share.
RTTNews | 394 dni temu
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 33 minut temu
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 2g 25 minut temu
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 3g 17 minut temu
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 3g 18 minut temu
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 4g 44 minut temu
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 4g 59 minut temu