Bank of Marin Bancorp
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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FY2025 · Filed Mar 13, 2026
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Item 5. Market Information and Holders
Bancorp's common stock trades on the Nasdaq Capital Market under the symbol BMRC. At February 27, 2026, 16,126,486 shares of Bancorp's common stock, no par value, were outstanding and held by approximately 12,800 holders of record and beneficial owners.
Five-Year Stock Price Performance Graph
The following graph, compiled by S&P Global Market Intelligence of New York, New York, shows a comparison of cumulative total shareholder return on our common stock during the five fiscal years ended December 31, 2025 compared to the Russell 2000 Stock index and the S&P Regional Banks Select Industry Index. The comparison assumes the investment of $100 in our common stock on December 31, 2020 and the reinvestment of all dividends. The graph represents past performance and does not indicate future performance. In addition, total return performance results vary depending on the length of the performance period.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Bank of Marin Bancorp (BMRC) | 100.00 | 111.20 | 100.95 | 71.09 | 80.97 | 92.46 |
| Russell 2000 Index | 100.00 | 114.82 | 91.35 | 106.82 | 119.14 | 134.40 |
| S&P Regional Banks Select Industry Index 1 | 100.00 | 139.90 | 119.26 | 110.40 | 131.50 | 145.48 |
| Source: S&P Global Market Intelligence | ||||||
1 The index comprises stocks in the S&P Total Market Index that are classified in the Global Industry Classification Standard regional banks sub-industry.
Securities Authorized for Issuance under Equity Compensation Plans
The following table summarizes information as of December 31, 2025, with respect to equity compensation plans.
| Shares to be issued upon exercise of outstanding options1 | Weighted average exercise price of outstanding options | Shares remaining available for future issuance 2 | |
|---|---|---|---|
| Equity compensation plans approved by shareholders | 213,644 | $35.22 | 850,547 |
1 Represents shares of common stock issuable upon exercise of outstanding options under the Bank of Marin Bancorp 2017 Equity Plan and 2007 Equity Plan.
2 Represents remaining shares of common stock available for future grants under the 2017 Equity Plan and the 2020 Director Stock Plan, excluding 213,644 shares to be issued upon exercise of outstanding options and 369,200 shares available to be issued under the Employee Stock Purchase Plan.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
On July 24, 2025, the Board of Directors approved the adoption of Bancorp's share repurchase program for up to $25.0 million effective July 24, 2025 through July 31, 2027. This stock buyback program replaced the program approved in 2023 which expired July 31, 2025, under which Bancorp repurchased 320,000 shares totaling $6.4 million. Bancorp repurchased 150,000 shares totaling $3.3 million at an average price of $21.93 per share during the year ended December 31, 2025, and repurchased 220,000 shares totaling $4.3 million at an average price of $19.21 per share during the year ended December 31, 2024.
Shares repurchased pursuant to our common stock share repurchase programs during 2025, 2024 and 2023, were as follows.
| 2025 | 2024 | 2023 | Cumulative Totals | |
|---|---|---|---|---|
| Total number of common shares repurchased | 150,000 | 220,000 | 0 | 370,000 |
| Total purchase price of common shares repurchased (in millions) | $3.3 | $4.3 | $— | $7.6 |
The following table reports information regarding repurchases of our common stock during the year ended December 31, 2025:
| (in thousands, except per share data) | Total Number of Shares Purchased | Average Price Paid per Share 1, 2 | Total Number of Shares Purchased as Part of Publicly Announced Programs | Approximate Dollar Value That May yet Be Purchased Under the Program 3 |
|---|---|---|---|---|
| Period | ||||
| January 1, 2025 to January 31, 2025 | — | $— | — | $20,766 |
| February 1, 2025 to February 28, 2025 | — | — | — | 20,766 |
| March 1, 2025 to March 31, 2025 | — | — | — | 20,766 |
| April 1, 2025 to April 30, 2025 | — | — | — | 20,766 |
| May 1, 2025 to May 31, 2025 | — | — | — | 20,766 |
| June 1, 2025 to June 30, 2025 | 100 | 21.72 | 100 | 18,591 |
| July 1, 2025 to July 31, 2025 | — | — | — | 25,000 |
| August 1, 2025 to August 31, 2025 | 50 | 22.33 | 50 | 23,882 |
| September 1, 2025 to September 30, 2025 | — | — | — | 23,882 |
| October 1, 2025 to October 31, 2025 | — | — | — | 23,882 |
| November 1, 2025 to November 30, 2025 | — | — | — | 23,882 |
| December 1, 2025 to December 31, 2025 | — | — | — | 23,882 |
| Year ended December 31, 2025 | 150 | $21.93 | 150 | $23,882 |
| 1 Average price paid per share excludes commission. | ||||
| 2 The aggregate purchase price and weighted average price per share does not include the effect of excise tax expense incurred on net stock repurchases. For the year ended December 31, 2025, the excise tax, net of issuances, was approximately $6 thousand. | ||||
| 3 On July 24, 2025, the Board of Directors approved the adoption of Bancorp's share repurchase program for up to $25.0 million and this repurchase program expiries on July 31, 2027. | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.