John Marshall Financials
This page shows John Marshall (JMSB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margin recovery on a large asset base, not rapid balance-sheet expansion, is driving John Marshall Bancorp's earnings rebound.
With assets essentially flat across FY2023 through FY2025, net income rebounded from$5.2M to$21.2M . Because revenue rose only modestly over the same span, the recovery looks like spread and funding normalization on a largely unchanged balance sheet, which is why ROA and ROE improved to0.9% and8.0% in FY2025.
FY2025 operating cash flow of
Equity rose from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of John Marshall's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
John Marshall passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, John Marshall generates $1.06 in operating cash flow ($22.6M OCF vs $21.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
John Marshall generated $113.3M in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.
John Marshall reported $21.2M in net income in fiscal year 2025. This represents an increase of 24.0% from the prior year.
John Marshall earned $1.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.2% from the prior year.
Cash & Balance Sheet
John Marshall generated $22.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 31.3% from the prior year.
John Marshall held $130.0M in cash against $80.9M in long-term debt as of fiscal year 2025.
John Marshall paid $0.30 per share in dividends in fiscal year 2025. This represents an increase of 20.0% from the prior year.
Margins & Returns
John Marshall's net profit margin was 18.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.2 percentage points from the prior year.
John Marshall's ROE was 8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.
Capital Allocation
John Marshall spent $2.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 4836.7% from the prior year.
John Marshall invested $554K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.7% from the prior year.
JMSB Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.1M-0.3% | $29.2M+0.8% | $28.9M+4.0% | $27.8M+2.0% | $27.3M-2.5% | $28.0M-1.5% | $28.4M+6.1% | $26.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5.6M+18.1% | $4.8M-16.4% | $5.7M+9.9% | $5.2M+1.5% | $5.1M+9.5% | $4.7M-4.9% | $4.9M+0.5% | $4.9M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $12.6M-4.9% | $13.2M-0.9% | $13.3M+3.3% | $12.9M-2.2% | $13.2M-5.2% | $13.9M-8.8% | $15.3M+3.8% | $14.7M |
| Income Tax | $1.7M-5.0% | $1.8M+25.9% | $1.5M-1.4% | $1.5M+7.7% | $1.4M+3.5% | $1.3M+19.9% | $1.1M-0.6% | $1.1M |
| Net Income | $6.1M+3.1% | $5.9M+9.5% | $5.4M+5.9% | $5.1M+6.1% | $4.8M+0.7% | $4.8M+12.8% | $4.2M+8.5% | $3.9M |
| EPS (Diluted) | $0.43 | N/A | $0.38+5.6% | $0.36+5.9% | $0.34 | N/A | $0.30+11.1% | $0.27 |
JMSB Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+0.8% | $2.3B+0.3% | $2.3B+2.5% | $2.3B-0.2% | $2.3B+1.7% | $2.2B-1.7% | $2.3B+0.2% | $2.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $150.2M+15.6% | $130.0M-20.6% | $163.6M+40.0% | $116.9M-30.8% | $169.1M+38.0% | $122.5M-30.9% | $177.2M-2.9% | $182.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.1B+0.8% | $2.1B+0.1% | $2.1B+2.5% | $2.0B-0.3% | $2.0B+1.6% | $2.0B-2.1% | $2.0B-0.2% | $2.0B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $80.9M0.0% | $80.9M0.0% | $80.9M0.0% | $80.8M0.0% | $80.8M0.0% | $80.8M0.0% | $80.8M+226.4% | $24.7M |
| Total Equity | $268.1M+0.9% | $265.6M+2.3% | $259.7M+2.3% | $253.7M+0.3% | $253.0M+2.6% | $246.6M+1.4% | $243.1M+3.3% | $235.3M |
| Retained Earnings | $181.7M+2.7% | $176.9M+3.5% | $171.0M+3.3% | $165.6M+0.5% | $164.8M+3.0% | $160.0M+3.1% | $155.2M+2.8% | $150.9M |
JMSB Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.5M+23.8% | $6.9M+464.8% | $1.2M-83.8% | $7.5M+8.3% | $7.0M+26.6% | $5.5M+288.3% | $1.4M-86.1% | $10.2M |
| Capital Expenditures | $1K-94.4% | $18K-45.5% | $33K-79.5% | $161K-52.9% | $342K+35.7% | $252K+137.7% | $106K+112.0% | $50K |
| Free Cash Flow | $8.5M+24.2% | $6.9M+479.1% | $1.2M-83.9% | $7.4M+11.4% | $6.6M+26.1% | $5.2M+300.5% | $1.3M-87.1% | $10.1M |
| Investing Cash Flow | -$414K+99.0% | -$43.2M-348.4% | -$9.6M+78.9% | -$45.7M-563.5% | $9.9M+159.6% | -$16.5M-80.2% | -$9.2M-184.0% | $10.9M |
| Financing Cash Flow | $12.1M+353.3% | $2.7M-95.2% | $55.1M+493.9% | -$14.0M-147.0% | $29.8M+168.1% | -$43.7M-1941.6% | $2.4M-72.1% | $8.5M |
| Dividends Paid | $1.3M+127700.0% | $1K | $0 | N/A | N/A | $0-100.0% | $3K | N/A |
| Share Buybacks | $2.0M+166.0% | $768K+161.2% | $294K-77.6% | $1.3M+2750.0% | $46K | $0+100.0% | -$1K | N/A |
JMSB Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 21.0%+0.7pp | 20.3%+1.6pp | 18.7%+0.3pp | 18.3%+0.7pp | 17.6%+0.6pp | 17.1%+2.2pp | 14.9%+0.3pp | 14.6% |
| Return on Equity | 2.3%+0.1pp | 2.2%+0.2pp | 2.1%+0.1pp | 2.0%+0.1pp | 1.9%-0.0pp | 1.9%+0.2pp | 1.7%+0.1pp | 1.7% |
| Return on Assets | 0.3%0.0pp | 0.3%+0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%+0.0pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.300.0 | 0.300.0 | 0.310.0 | 0.320.0 | 0.320.0 | 0.330.0 | 0.33+0.2 | 0.11 |
| FCF Margin | 29.3%+5.8pp | 23.5%+19.4pp | 4.1%-22.4pp | 26.5%+2.2pp | 24.2%+5.5pp | 18.7%+14.1pp | 4.6%-33.2pp | 37.8% |
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Frequently Asked Questions
What is John Marshall's annual revenue?
John Marshall (JMSB) reported $113.3M in total revenue for fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is John Marshall's revenue growing?
John Marshall (JMSB) revenue grew by 2.8% year-over-year, from $110.1M to $113.3M in fiscal year 2025.
Is John Marshall profitable?
Yes, John Marshall (JMSB) reported a net income of $21.2M in fiscal year 2025, with a net profit margin of 18.8%.
How much debt does John Marshall have?
As of fiscal year 2025, John Marshall (JMSB) had $130.0M in cash and equivalents against $80.9M in long-term debt.
What is John Marshall's net profit margin?
John Marshall (JMSB) had a net profit margin of 18.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does John Marshall pay dividends?
Yes, John Marshall (JMSB) paid $0.30 per share in dividends during fiscal year 2025.
What is John Marshall's return on equity (ROE)?
John Marshall (JMSB) has a return on equity of 8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is John Marshall's free cash flow?
John Marshall (JMSB) generated $22.0M in free cash flow during fiscal year 2025. This represents a 31.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is John Marshall's operating cash flow?
John Marshall (JMSB) generated $22.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are John Marshall's total assets?
John Marshall (JMSB) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are John Marshall's capital expenditures?
John Marshall (JMSB) invested $554K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is John Marshall's debt-to-equity ratio?
John Marshall (JMSB) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is John Marshall's return on assets (ROA)?
John Marshall (JMSB) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is John Marshall's Piotroski F-Score?
John Marshall (JMSB) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are John Marshall's earnings high quality?
John Marshall (JMSB) has an earnings quality ratio of 1.06x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is John Marshall?
John Marshall (JMSB) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.