John Marshall Stock Price, News & Analysis

John Marshall Bank has received two Lenders Awards from the Business Finance Group, recognizing its significant achievements in commercial lending. Senior Vice President Pam De Candio received the award for being the top referring individual lender, while the Bank was acknowledged as the second leading referral source. With over 28 years of experience, De Candio's dedication has contributed to the Bank's success in supporting local businesses across Virginia, Maryland, West Virginia, and Washington, D.C. The awards highlight the Bank's commitment to providing tailored financial solutions and fostering community development.

John Marshall Bank's Executive Vice President and Chief Lending Officer, Jason R. McDonough, received the President’s Award from HomeAid National Capital Region for his commitment to ending homelessness. This accolade was presented during their Annual Gala and Auction. McDonough has been part of HomeAid's board for nine years and has played a key role in expanding services throughout the DC Metro area. John Marshall Bancorp, Inc. operates with $2.31 billion in assets and is dedicated to personalized banking services for local businesses.

John Marshall Bancorp (JMSB) reported a net income of $8.0 million ($0.57 per diluted share) for Q3 2022, a 19.0% increase from $6.8 million in Q3 2021. This marks the fifteenth consecutive quarter of record earnings, supported by strong loan growth of 12.8% year-over-year and a 10.0% revenue increase. Core deposits also grew by 15.4%. The Company's efficiency ratio improved to 43.9%. Notably, total assets rose to $2.31 billion, with no non-performing loans reported. The results reflect effective management and growth strategies amidst rising interest rates.

John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (NASDAQ: JMSB), announces the appointment of Devika Wimalkantha as Vice President, Sales & Service Officer. With over 19 years in the banking sector and prior experience as a Market Leader for Truist, Wimalkantha will enhance the Bank's business development efforts. Sheila Yosufy, EVP, highlighted her proven leadership and commitment to customer acquisition. John Marshall Bank, headquartered in Reston, Virginia, has eight branches and focuses on providing comprehensive banking services to local businesses.

John Marshall Bancorp, Inc. (Nasdaq: JMSB) reported record net income of $7.9 million ($0.56 per diluted share) for Q2 2022, a 29.7% increase from $6.1 million in Q2 2021. The company achieved its 14th consecutive quarter of record earnings, supported by a 13.7% growth in core loans year-over-year. Total assets rose to $2.32 billion, up 12.1% from last year. Key ratios include a 1.41% return on average assets and 15.28% return on average equity. The Bank maintains a strong balance sheet with no non-performing loans, indicating robust asset quality.

John Marshall Bank (JMB) announces the hiring of Jules Blaise Tamo as Vice President and Branch Manager in Arlington, VA. Tamo brings extensive experience from previous roles at United Bank and Virginia Commerce Bank, enhancing JMB's leadership team. His educational qualifications include a Master’s in Business Administration and a Bachelor’s in Economics. Sheila Yosufy, EVP, highlighted Tamo's reputation as a market leader, reinforcing JMB’s commitment to hiring top talent. John Marshall Bancorp, Inc., the parent company, operates a $2.25 billion bank, providing personalized services in the Washington D.C. Metro area.

John Marshall Bancorp, Inc. (NASDAQ: JMSB) has successfully completed a private placement of a 5.25% fixed-to-floating rate subordinated note due 2032, amounting to $25.0 million. The note was sold at par, yielding approximately $24.6 million in net proceeds after expenses. The company plans to use the funds for general corporate purposes, including redeeming its callable subordinated notes due 2027 and financing growth. Keefe, Bruyette & Woods acted as the sole placement agent for this offering.

John Marshall Bancorp, Inc. (NASDAQ: JMSB) has qualified for inclusion in the Russell 2000 Index, effective after the U.S. equity markets close on June 24th. This index highlights small-cap companies, ranking roughly 1,001 to 3,000 by market capitalization. The Company believes this inclusion will enhance visibility to institutional investors and boost shareholder trading volume. Approximately $10.6 trillion in assets are benchmarked against Russell's indexes, underscoring their significance in investment strategies.

John Marshall Bancorp, Inc. (JMSB), the parent company of John Marshall Bank, announces executive leadership promotions as part of its succession plan. William J. Ridenour and Carl E. Dodson will transition to advisory roles, continuing to support the Bank. Andrew J. Peden has been promoted to Chief Banking Officer, Jason R. McDonough to Chief Lending Officer, Kelly J. Bell to Chief Operating Officer, and Sheila Yosufy to Director of Sales. Collectively, the new leaders bring nearly 90 years of banking experience to enhance the Bank's client services.