Bank of Marin: Q3 Earnings Snapshot

NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Bank of Marin Bancorp (BMRC) on Monday reported third-quarter earnings of $9.9 million.

The Novato, California-based bank said it had earnings of 62 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The bank holding company posted revenue of $46.1 million in the period. Its revenue net of interest expense was $35.2 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $35.1 million.

Bank of Marin shares have risen 4% since the beginning of the year. The stock has increased 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMRC at https://www.zacks.com/ap/BMRC