What long-term trends can investors expect from BMRC's earnings?

Bank of Marin Bancorp (BMRC) has demonstrated a generally increasing trend in net income and revenue over the past decade, with some fluctuations. The diluted EPS has also shown a general upward trajectory, although it experienced a significant decline in 2024.

1. **Growth in Net Income and Revenue**: BMRC's net income has risen from $18.44 million in 2015 to $46.59 million in 2022, with a peak at $34.24 million in 2019. The total revenue has followed a similar pattern, increasing from $76.38 million in 2015 to $138.4 million in 2022, with a maximum of $115.08 million in 2021.
2. **Diluted EPS Trend**: The diluted EPS has shown a more volatile trend. After a peak of $3.78 in 2016, it declined to $1.27 in 2021 and then dropped to -$0.52 in 2024. However, the recent past has seen a recovery, with $2.92 in 2022 and $2.48 in 2019 indicating a potential upward trend.
3. **Recent Performance**: The bank's performance in 2023 was affected by the high interest rates environment and the impact of the merger with East West Bank, which resulted in a net loss of $8.41 million in 2024.
4. **Stability and Growth Prospects**: Despite the fluctuations, BMRC has managed to maintain a positive net income and revenue trend, suggesting a stable business model. The recovery of the diluted EPS to positive territory in recent years indicates a potential for improved profitability.

|code|Ticker|Name|Date|Total Revenue (FY)|Net Income (FY)|Diluted EPS (FY)|market_code|
|---|---|---|---|---|---|---|---|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2015|7.638E7|1.8441E7|3.04|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2016|8.2322E7|2.3134E7|3.78|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2017|8.312E7|1.5976E7|1.27|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2018|1.01683E8|3.2622E7|2.33|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2019|1.04764E8|3.4241E7|2.48|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2020|1.05209E8|3.0242E7|2.22|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2021|1.15083E8|3.3228E7|2.3|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2022|1.38397E8|4.6586E7|2.92|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2023|1.0775E8|1.9895E7|1.24|186|
|BMRC|BMRC.O|Bank Of Marin Bancorp|2024|7.33E7|-8409000|-0.52|186|

Investors can expect BMRC to continue its growth trajectory in net income and revenue, with the potential for improved profitability as evidenced by the recent positive trend in the diluted EPS. However, the bank's future performance may be influenced by external factors such as economic conditions and regulatory changes.