NOVATO, Calif. (AP) _ Bank of Marin Bancorp (BMRC) on Monday reported fourth-quarter earnings of $12.9 million.

The bank, based in Novato, California, said it had earnings of 81 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The bank holding company posted revenue of $36.8 million in the period. Its revenue net of interest expense was $36 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $37 million.

For the year, the company reported profit of $46.6 million, or $2.92 per share. Revenue was reported as $138.4 million.

Bank of Marin shares have fallen almost 4% since the beginning of the year. The stock has declined 16% 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

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