Bank Of Marin Bancorp Q1 Profit Misses Estimates

RTTNews | 483天前
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 | 392天前
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | 26分钟前
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
RTTNews | 3小时7分钟前
Dollar Extends Losses Amidst Powell's Dovish Surprise

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | 3小时52分钟前
German Ifo Business Confidence Strongest Since 2024

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | 3小时55分钟前
CAC 40 Down Nearly 0.6% In Cautious Trade

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
RTTNews | 4小时29分钟前
DAX Modestly Lower As Investors Wait For Directional Clues

DAX Modestly Lower As Investors Wait For Directional Clues

The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
RTTNews | 5小时2分钟前