NOVATO, Calif. (AP) _ Bank of Marin Bancorp (BMRC) on Monday reported third-quarter earnings of $9.4 million.
The bank, based in Novato, California, said it had earnings of 69 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The bank holding company posted revenue of $28.1 million in the period. Its revenue net of interest expense was $26.9 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $26.2 million.
Bank of Marin shares have risen roughly 2% since the beginning of the year. The stock has increased slightly more than 6% in the last 12 months.
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
Automated Insights, source Associated Press News