How does BMRC's 2024 earnings performance compare to expectations?

Bank of Marin Bancorp (BMRC) experienced a slight positive earnings surprise but a significant revenue miss in 2024 compared to expectations. 1. **Earnings Performance**: - BMRC's actual diluted EPS for 2024 was $0.38. - The EPS surprise was $0.06, indicating that the bank's earnings slightly exceeded expectations. |code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code| |---|---|---|---|---|---|---| |BMRC|BMRC.O|Bank Of Marin Bancorp|2024 Q1|-2156000|-0.08|186| |BMRC|BMRC.O|Bank Of Marin Bancorp|2024 Q2|-3.295E7|-0.1|186| |BMRC|BMRC.O|Bank Of Marin Bancorp|2024 Q3|-460000|0.01|186| |BMRC|BMRC.O|Bank Of Marin Bancorp|2024 Q4|-170000|0.06|186| 2. **Revenue Performance**: - The actual revenue for BMRC in 2024 was $27.98 million. - The revenue surprise was -$170,000, indicating a significant revenue miss compared to expectations. |code|Ticker|Name|Date|Total Revenue (FY)|Diluted EPS (FY)|market_code| |---|---|---|---|---|---|---| |BMRC|BMRC.O|Bank Of Marin Bancorp|2024|7.33E7|-0.52|186| In conclusion, while BMRC narrowly missed expectations in terms of revenue, it performed slightly better than expected in terms of earnings. The negative revenue surprise suggests that the bank faced challenges in generating revenue as anticipated, which could be due to factors such as market conditions, interest rates, or operational efficiency. The positive earnings surprise indicates that the bank's cost management or other income sources may have performed well.