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Stay informed about Bank of the James Financial Group, Inc. (NASDAQ: BOTJ) with the latest news coverage, press releases, and market developments affecting this Virginia-based community bank. As a financial institution operating throughout central Virginia, Bank of the James news often covers quarterly earnings reports, loan portfolio performance, deposit growth trends, branch expansion announcements, and regulatory developments impacting community banks.
News related to Bank of the James Financial Group may include updates on net interest margin trends, asset quality metrics, capital management decisions including dividend declarations, and strategic initiatives in the banking sector. The company's performance can be influenced by regional economic conditions in central Virginia, changes in interest rate environments set by the Federal Reserve, competitive dynamics among community and regional banks, and evolving regulations affecting financial institutions. Investors and customers monitor news about the bank's mortgage banking segment, wealth management services expansion, digital banking technology implementations, and community involvement initiatives.
Market news may also cover analyst opinions, institutional investor activity, insider trading filings, and comparative performance relative to banking industry peers. Given its status as a publicly traded community bank, developments in local Virginia markets, commercial real estate trends, small business lending activity, and consumer banking preferences can all generate relevant news coverage that impacts investor sentiment and customer perceptions.
Bank of the James (NASDAQ:BOTJ) announced executive changes effective Oct 30, 2025: J. Todd Scruggs will move from Chief Financial Officer to Chief Investment Officer, and Eric J. Sorenson, Jr. will be appointed Chief Financial Officer. The company cited goals of improved oversight, clearer separation of investment and financial responsibilities, and strengthened governance.
The release highlights Sorenson’s >25 years advising the bank and his >3 years as general counsel, and describes Scruggs as having a long track record managing capital and risk. Management said the two executives will work closely during the transition to maintain continuity.
Bank of the James (NASDAQ:BOTJ) reported record quarterly earnings for Q3 2025 with strong margin expansion, loan growth, and exceptional asset quality. EPS was $0.61 for Q3 and $1.39 for the first nine months. Net interest income rose 10.5% in Q3 to $8.30M and 12.6% YTD to $24.27M. Net interest margin expanded to 3.44% in Q3 2025 from 3.16% a year earlier.
Loans (net) increased to $653.29M, deposits to $919.80M, and stockholders’ equity to $76.97M at September 30, 2025. Asset quality remained strong with nonperforming loans at 0.29%. The board declared a quarterly dividend of $0.10 per share payable Dec 5, 2025.
Bank of the James Financial Group (NASDAQ:BOTJ) reported strong Q2 2025 financial results, with net income of $2.70 million ($0.60 per share), up from $2.15 million in Q2 2024. The bank demonstrated improved performance with net interest margin rising to 3.45% and total assets reaching $1.004 billion.
Key highlights include a 6% increase in total interest income to $11.64 million, strong loan growth with net loans of $649.09 million, and exceptional asset quality with nonperforming loans ratio at just 0.28%. The company successfully retired $10 million in capital notes, which is expected to reduce annual interest expense by $327,000.
The board approved a quarterly dividend of $0.10 per share, payable September 26, 2025, while book value per share increased to $15.77 from $14.28 at year-end 2024.
Bank of the James (NASDAQ:BOTJ) reported strong Q2 2025 financial results, with net income of $2.70 million ($0.60 per share), up from $2.15 million ($0.47 per share) in Q2 2024. The bank demonstrated robust performance with net interest margin rising to 3.45% and total assets reaching $1.04 billion.
Key highlights include a 6% increase in total interest income to $11.64 million, strong asset quality with nonperforming loans ratio at 0.28%, and the retirement of $10 million in capital notes. The company declared a quarterly dividend of $0.10 per share. Commercial real estate loans grew to $355.67 million, while maintaining high asset quality and strong capital position with a Tier 1 leverage ratio of 8.85%.
[ "Net income increased 26% to $2.70 million in Q2 2025 from $2.15 million in Q2 2024", "Net interest margin improved to 3.45% from 3.02% year-over-year", "Total interest income rose 6% to $11.64 million in Q2 2025", "Interest expense declined 12% in Q2 2025 compared to Q2 2024", "Successfully retired $10 million in capital notes, expected to reduce annual interest expense by $327,000", "Strong asset quality with nonperforming loans ratio of only 0.28%", "Book value per share increased to $15.77 from $14.28 at year-end 2024" ]Bank of the James reported Q1 2025 financial results with net income of $842,000 ($0.19 per share), down from $2.19 million ($0.48 per share) in Q1 2024. Total interest income rose 6.90% to $11.23 million, while net interest margin improved to 3.25%.
Key highlights include:
- Total assets grew to $1.01 billion
- Loans increased to $642.39 million
- Commercial real estate loans expanded to $359.76 million
- Strong asset quality with only 0.28% nonperforming loans ratio
- Book value per share rose to $15.04
The bank maintained strong liquidity and announced plans to pay off $10 million in capital notes in June 2025. A one-time consulting expense impacted earnings, but the resulting core provider contract is expected to save up to $5 million over 65 months. The board approved a $0.10 quarterly dividend payable June 20, 2025.
Bank of the James Financial Group (NASDAQ:BOTJ) reported Q4 2024 net income of $1.62 million ($0.36 per share), down from $2.11 million ($0.45 per share) in Q4 2023. Full-year 2024 net income was $7.94 million ($1.75 per share) compared to $8.70 million ($1.91 per share) in 2023.
Key highlights include: 6% loan growth to $636.55 million, 9% increase in commercial real estate loans to $335.53 million, and total deposits growth to $882.40 million. Net interest margin improved to 3.18% in Q4 2024, showing an upward trend from previous quarters. Total interest income rose 13% to $44.64 million for 2024.
Asset quality remained strong with nonperforming loans at 0.25% of total loans. Stockholders' equity grew 8% year-over-year, with book value per share increasing to $14.28. The board approved a quarterly dividend of $0.10 per share, payable March 21, 2025.
Bank of the James Financial Group (NASDAQ:BOTJ) reported Q3 2024 net income of $1.99 million ($0.44 per share), compared to $2.08 million ($0.46 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $6.33 million ($1.39 per share) versus $6.60 million ($1.44 per share) in 2023. Total assets surpassed $1 billion, with loans growing to $627.11 million. The company maintained strong asset quality with a 0.20% ratio of nonperforming loans to total loans. Total deposits increased to $907.61 million, and book value per share rose to $15.15. The board approved a quarterly dividend of $0.10 per share.
Bank of the James Financial Group (NASDAQ:BOTJ) reported net income of $2.15 million or $0.47 per share for Q2 2024, compared to $2.53 million or $0.56 per share in Q2 2023. For H1 2024, net income was $4.34 million or $0.95 per share, versus $4.52 million or $0.99 per share in H1 2023. Key highlights include:
- Total interest income rose 14% to $10.94 million in Q2 2024
- Net interest income after credit loss recovery was $7.21 million in Q2 2024
- Noninterest income increased 22% to $4.19 million in Q2 2024
- Loans, net grew to $616.09 million as of June 30, 2024
- Total deposits reached $884.90 million as of June 30, 2024
- Book value per share increased to $13.58
The company maintained strong asset quality and opened new branches to expand its market presence.
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