NOVATO, Calif. (AP) _ Bank of Marin Bancorp (BMRC) on Monday reported third-quarter profit of $12.2 million.

The bank, based in Novato, California, said it had earnings of 76 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The bank holding company posted revenue of $36.3 million in the period. Its revenue net of interest expense was $35.8 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $35.4 million.

Bank of Marin shares have dropped 13% since the beginning of the year. The stock has dropped 15% 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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