NOVATO, Calif. (AP) _ Bank of Marin Bancorp (BMRC) on Monday reported second-quarter net income of $11.1 million.

The Novato, California-based bank said it had earnings of 69 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 71 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The bank holding company posted revenue of $34.5 million in the period. Its revenue net of interest expense was $33.9 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $33.3 million.

Bank of Marin shares have dropped 14% since the beginning of the year. The stock has decreased nearly 2% 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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