Bank of Marin Bancorp (BMRC) Raymond James Northern California Bank Investor Symposium presentation summary

Franchise and leadership overview

• Operates 27 branches across Northern California with $3.9B in assets and $418.8M market cap as of 12/31/25.

• Focuses on relationship banking, disciplined fundamentals, and community commitment.

• Executive team brings 221 years of combined experience, with recent hires in key roles.

Strategic priorities and business model

• Pursues high-quality loan growth, non-interest income expansion, efficiency gains, and investments in talent and technology.

• Largest community bank in Marin County with 11.4% market share and strong core deposit franchise.

• Maintains robust capital and liquidity, with $2.1B in available liquidity and regulatory ratios above well-capitalized thresholds.

Financial and operating performance (Q4 2025)

• Funded $106.5M in new loans, highest since 2015, with loans up 5.84% annualized.

• Completed $593.2M HTM securities sale (pre-tax loss $69.5M), redeployed at 4.26% yield, and issued $45M subordinated debt at 6.75%.

• Tax-equivalent net interest margin rose to 3.18% (3.27% in December); deposits up 3.90% annualized, cost of deposits at 1.35%.

• Book value per share $24.51; tangible book value per share $19.87; total risk-based capital 16.13%.