Welcome to our dedicated page for Bank Of The James Finl Gp news (Ticker: BOTJ), a resource for investors and traders seeking the latest updates and insights on Bank Of The James Finl Gp stock.
Bank of the James Financial Group, Inc. (BOTJ) provides comprehensive retail, commercial, and mortgage banking services across Virginia. This page serves as the definitive source for all official company announcements, financial updates, and strategic developments.
Investors and stakeholders gain streamlined access to critical information, including earnings reports, regulatory filings, and leadership updates. Our curated collection ensures timely insights into BOTJ’s community banking initiatives, loan portfolio performance, and digital banking advancements.
Key content categories include quarterly earnings releases, regulatory compliance updates, mortgage rate adjustments, and strategic partnership announcements. All materials are sourced directly from the company to ensure accuracy and reliability.
Bookmark this page for efficient tracking of BOTJ’s financial trajectory and operational milestones. Combine our updates with Stock Titan’s analysis tools for informed decision-making in regional banking investments.
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.
Bank of the James Financial Group (NASDAQ:BOTJ) reported a strong first quarter of 2023 with net income of $1.98 million ($0.43 per share), a slight decrease from $2.14 million ($0.45 per share) in Q1 2022. Despite this, total interest income surged by 32% to $9.10 million, driven by higher commercial loan rates and an expanded investment portfolio. Net interest income grew by 20%, reflecting improved margins. Deposits increased, demonstrating stability amid banking uncertainties, with uninsured deposits remaining under 20%. The bank's asset quality remained solid with nonperforming loans at 0.02%. The board declared a quarterly dividend of $0.08 per share and approved a stock repurchase plan. Overall, the company maintains a robust capital position while adapting to the evolving interest rate environment.
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