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John Marshall Bancorp, Inc. - JMSB STOCK NEWS

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John Marshall Bancorp, Inc. (JMSB) is a prominent banking institution based in Reston, Virginia, providing a comprehensive range of financial products and services. Specializing in serving small to medium-sized businesses, professional corporations, non-profits, and individuals, John Marshall Bancorp is committed to offering tailored solutions to meet diverse financial needs.

The company operates five full-service branches located in Reston, Alexandria, Leesburg, Arlington, and Rockville, as well as a limited service commercial branch in Washington, D.C. These strategic locations enable the bank to serve the local business communities and families effectively across the Washington, D.C. metropolitan area.

John Marshall Bancorp's core services include commercial checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, and a variety of loans. Specifically, the bank offers commercial and industrial loans, commercial real estate loans, residential and commercial construction, and development loans. Additionally, the company leverages technology to provide online banking and mobile banking services, ensuring customers have convenient access to their accounts and financial tools.

The bank's dedicated team of business bankers works closely with clients to develop customized banking solutions. From merchant processing to tailored loan products, John Marshall Bancorp aims to help businesses grow and succeed by simplifying financial management and providing strategic support.

With a focus on innovation and customer service, John Marshall Bancorp is poised for continued growth and is a key player in the financial services industry in the region. The company's recent achievements and ongoing projects reflect a commitment to meeting the evolving needs of its clientele through advanced technology and personalized service.

Stay updated with the latest news and developments concerning John Marshall Bancorp, Inc. Common Stock (JMSB) as we continue to enhance our service offerings and support our community's financial well-being.

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John Marshall Bank (Nasdaq: JMSB) has been awarded the Best Large Business in the Alexandria Chamber of Commerce's 2024 Best in Business Awards. The recognition highlights the Bank's commitment to providing personalized banking services, advanced financial technology, and dedicated support to Alexandria's business community.

The Bank's Alexandria team, led by SVP and Regional Executive Lianne Wang, actively partners with local businesses to serve and improve the Alexandria community. The Alexandria Chamber of Commerce has been recognizing business excellence through these awards for over 15 years across various categories.

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John Marshall Bancorp (Nasdaq: JMSB) reported net income of $4.2 million ($0.30 per diluted share) for Q3 2024, up from $3.9 million in Q2 2024. Key highlights include: 11.1% increase in diluted earnings per share, 11 basis points increase in net interest margin, and $40.0 million growth in core customer funding. The company maintained pristine asset quality with no non-performing loans for the twentieth consecutive quarter. Total assets were $2.27 billion with total loans of $1.84 billion. Book value per share increased 9.4% year-over-year to $17.07.

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John Marshall Bank (JMB), a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has hired Rodney Francisque as Vice President, Branch Manager of its Alexandria Branch. Francisque brings over 24 years of bank leadership and customer relationship development experience to the role. He previously served as a Branch Leader for Truist Bank in the Greater Washington DC area.

Kelly J. Bell, EVP, Chief Operating Officer, stated that Francisque's client-centric focus aligns with the Bank's values, and his proven sales and results-driven experience adds to the caliber of the Bank's leadership. Francisque is bilingual in French and English and holds an associate's degree in business administration from Concordia University in Montreal, Canada.

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John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has announced the hiring of Robbie Hancock as Vice President, Commercial Real Estate Lender. Hancock will focus on developing commercial real estate relationships in Alexandria and throughout the DC Metro area. With over 13 years of banking experience, including 10 years in commercial real estate lending, Hancock brings expertise and a proven track record to the role.

Previously serving as Vice President, Commercial Lender for Founders Bank in Washington DC, Hancock's knowledge of the DC Metro Area real estate market is expected to advance the Bank's growing commercial real estate efforts. Jason R. McDonough, EVP, Chief Lending Officer, expressed excitement about Hancock joining the team, citing his dedication to customers and wide-reaching knowledge of commercial real estate lending across the Bank's markets.

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John Marshall Bancorp (Nasdaq: JMSB) reported a net income of $3.9 million ($0.27 per share) for Q2 2024 and $8.1 million ($0.57 per share) for H1 2024. Pre-tax, pre-provision earnings were $4.7 million for Q2 2024. Key highlights include:

  • Margin Expansion: Nine basis point increase in net interest margin compared to Q1 2024.
  • Net Interest Income Growth: 11.5% annualized growth in Q2 2024.
  • Core Deposit Growth: $32.5 million increase in non-interest-bearing deposits.
  • Pristine Asset Quality: Nineteenth consecutive quarter with no non-performing loans or charge-offs.
  • Loan Portfolio: High-quality with strong debt service coverage ratios.
  • Liquidity: Highly liquid with $796.0 million in liquidity as of June 30, 2024.

However, net income decreased by $0.6 million compared to Q2 2023. Total assets were $2.27 billion, with total loans increased by $57.4 million compared to June 2023. Shareholders’ equity increased by 7.5% year-over-year to $235.3 million. The company's capital ratios remain well above regulatory thresholds.

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John Marshall Bank (Nasdaq: JMSB) has appointed Kathryn R. Speakman as Senior Vice President, Commercial Lender for its Alexandria and Washington DC markets. Ms. Speakman brings over 27 years of experience in commercial lending, having previously served as Vice President, Commercial Lending Officer at National Capital Bank. Her expertise includes developing significant loan and deposit relationships and managing extensive commercial loan portfolios. This strategic hire aims to bolster the Bank's growth in these key markets, emphasizing a relationship-centric approach to banking. Ms. Speakman holds a B.Sc. in Finance from The American University and is actively involved in community organizations.

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John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has hired Ross A. Berman as the Senior Vice President, Commercial Team Lead in the Rockville Market. With over 21 years of experience as a community banker, Berman will lead commercial sales and business development efforts in the DC Metro area. His diverse industry lending experience will enhance the Bank's presence in the region. Berman's educational background and community involvement further highlight his fit for this role.

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John Marshall Bancorp, Inc. (Nasdaq: JMSB) announced an annual cash dividend of $0.25 per share, reflecting a 13.6% increase over 2023. The dividend will amount to approximately $3.55 million in the third quarter of 2024. The company's President and CEO highlighted strong financial positions and increased dividend as a valuable return for shareholders.
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John Marshall Bancorp, Inc. (JMSB) reported strong financial results for the first quarter of 2024 with a pristine asset quality, well-capitalized position, and a 13.6% annual cash dividend increase. The company showcased stable net interest margins, diversified revenue growth, and an expanding digital platform. Despite a slight decrease in total assets and deposits, the company maintained a highly liquid balance sheet and improved its deposit composition. The loan portfolio remained of high quality, and the company's capital ratios exceeded regulatory requirements.
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John Marshall Bank (JMSB) announces the hiring of Sean Biehl as Vice President, Commercial Lender, bringing over 16 years of banking experience. Mr. Biehl's expertise will aid in fostering relationships and driving growth in Fairfax, Loudoun, and Prince William County markets.
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FAQ

What is the current stock price of John Marshall Bancorp (JMSB)?

The current stock price of John Marshall Bancorp (JMSB) is $24.43 as of November 14, 2024.

What is the market cap of John Marshall Bancorp (JMSB)?

The market cap of John Marshall Bancorp (JMSB) is approximately 349.4M.

What services does John Marshall Bancorp, Inc. provide?

John Marshall Bancorp offers a range of financial services including commercial checking, savings, money market accounts, loans, online and mobile banking.

Where is John Marshall Bancorp, Inc. headquartered?

John Marshall Bancorp is headquartered in Reston, Virginia.

Who are the primary customers of John Marshall Bancorp, Inc.?

The bank primarily serves small to medium-sized businesses, professional corporations, non-profits, and individuals.

What are the loan products offered by John Marshall Bancorp, Inc.?

The loan products include commercial and industrial loans, commercial real estate loans, residential and commercial construction, and development loans.

How can I access online banking with John Marshall Bancorp, Inc.?

You can access online banking via their website or mobile app, providing convenient management of your accounts.

How many branches does John Marshall Bancorp, Inc. operate?

John Marshall Bancorp operates five full-service branches and one limited service commercial branch.

What areas do John Marshall Bancorp, Inc.'s branches serve?

The branches serve the Washington, D.C. metropolitan area, including Reston, Alexandria, Leesburg, Arlington, and Rockville.

Does John Marshall Bancorp, Inc. offer treasury and cash management services?

Yes, the company offers comprehensive treasury and cash management services.

Can John Marshall Bancorp, Inc. help my business with merchant processing?

Yes, their business bankers can tailor merchant processing services to meet your business's needs.

How does John Marshall Bancorp, Inc. support business growth?

The bank supports business growth by providing customized financial solutions, strategic support, and leveraging technology to streamline financial management.

John Marshall Bancorp, Inc.

Nasdaq:JMSB

JMSB Rankings

JMSB Stock Data

349.42M
14.23M
12.44%
40.92%
0.4%
Banks - Regional
State Commercial Banks
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United States of America
RESTON