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Bank of Marin Bancorp Message Board

  • pvbud pvbud Jan 20, 2006 12:04 PM Flag

    Numbers, Numbers

    Pin and others, greetings from Mexico.
    Yes, the future for BMRC is indeed promising. I am also gratified by the recent report from SDBK and I will be watching our initial position in TRVB. If the management at TRVB is astute in their decisions, TRVB should be a valuable equity in years to come. They, like BMRC, are situated in one of California's strongest economic locations. The real estate market in Contra Costa and nearby counties is beyond belief in appreciation.
    In a somewhat different banking market, the Asian market, you might look at Wilshire Bancorp (WIBC). So far it has done well for us. I'd like to know what you think of its metrics at this point. Good wishes.


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    • PV,
      thanks for the post.
      WIBC has terrific metrics and has executed their strategy extremely well. Thes run a very lean shop and have the good fortune to have over 90% of their loans tied to prime; hence the NIM expansion. I see no fault lines.
      On the point that concerns me with these companies, ethics, they have been one of the cleanest operators.
      The price to book makes it an unlikely takeout candidate at much higher levels, but the eps growth should drive the stock.
      I think highly of it, but I stay clear of the group in general. Just a personal rule; learned the hard way.
      Best regards,

      • 1 Reply to pinsapofir
      • Pin, thank you for your thoughts about WIBC. Indeed, it's a different kind of horse, even if in the same race. Your words are all the more poignant when one is living here, where I am.

        In your baliwick, UMPQ is getting national recognition for Ray Davis' marketing techniques. I've known this bank, and its founders, since it was a two office pup in Douglas County, Oregon. It will continue to be an economic powerhouse for equity owners imo.

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