John Marshall Stock Price, News & Analysis

John Marshall Bank has appointed Alice Williams as its new SVP, Commercial Lender. With 39 years of commercial banking experience, Alice previously served as the SVP, Market President at Truist Bank, managing clients with annual revenues up to $100 million. Her diverse portfolio included sectors like construction and government contracting. This strategic hiring aims to enhance the bank's lending capabilities in the DC metro area, reinforcing leadership and expertise within the organization.

John Marshall Bancorp (OTCQB: JMSB) reported Q3 2021 financial results with total assets rising 12.5% year-over-year to $2.10 billion. Gross loans increased 10.3% and total deposits grew 13.3% compared to the previous year. The company achieved record net income of $6.8 million for Q3, up 45.0%, and $17.9 million for the nine months, up 30.5%. The annualized ROAA was 1.30% and ROAE was 13.35%. Operating leverage improved, with revenues at $16.5 million. The company maintained a solid capital position and no non-performing loans for eight consecutive quarters, indicating strong asset quality.

John Marshall Bancorp, Inc. (OTCQB: JMSB) will present at the 2021 Raymond James U.S. Bank Conference on September 8, 2021. The Company has arranged ten virtual one-on-one meetings with institutional bank stock analysts and investors. The presentation for these meetings will be publicly accessible on September 8 via their investor relations website. John Marshall Bank, a community bank based in Reston, Virginia, serves the Washington DC Metro area, providing tailored banking solutions and services.

John Marshall Bancorp (OTCQB: JMSB) has initiated a stock repurchase program, allowing the buyback of up to 675,000 shares, approximately 5% of its total outstanding shares. The decision reflects the company's ten consecutive quarters of record earnings, with management believing the stock price does not currently reflect this performance. The program is set to expire by August 31, 2022, and will enhance liquidity while potentially increasing earnings per share. Repurchased shares will be cancelled, reverting to authorized but unissued status.

John Marshall Bancorp, Inc. (OTCQB: JMSB) reported strong financial results for Q2 2021, marking its tenth consecutive quarter of record earnings. Net income rose 33.3% to $6.1 million, with EPS reaching $0.44. For the first half of 2021, net income was $11.2 million, a 23.1% increase. Total assets grew 14.6% year-over-year, totaling $2.07 billion, while gross loans increased by 3.3%. The bank maintained a pristine asset quality with no non-performing loans. The net interest margin increased to 3.31%.

John Marshall Bank has appointed Jennifer Ferrara as the new Business Development Officer for the Alexandria region. With over 30 years of banking experience, Jennifer previously served as Vice President at M&T, where she excelled in managing business banking relationships. She is a graduate of Marymount University and has held leadership roles in various local organizations, enhancing her community presence. This strategic appointment aims to strengthen the bank's regional operations and customer relations.

John Marshall Bank has appointed Mike Bell as the new Chief Accounting Officer. Previously, Bell was a Senior Manager at Ernst & Young, where he provided strategic consulting and audit services in the banking sector. He holds multiple degrees from Virginia Tech and is a Certified Public Accountant. Bell expressed enthusiasm about supporting JMB's financial operations amid its growth strategy, emphasizing the Bank's strong balance sheet. According to CFO Kent Carstater, Bell's expertise will be crucial for the Bank's future success.

John Marshall Bancorp, Inc. (OTCQB: JMSB) announced plans to become a publicly-traded company, potentially listing on Nasdaq or NYSE within 12 to 15 months. The timeline depends on various factors, including SEC registration and market conditions. CEO Chris Bergstrom emphasized the need for improved access to capital and liquidity for shareholders. The anticipated move may enhance stock demand and trading volume by qualifying for inclusion in stock market indices.

John Marshall Bancorp (OTCQB: JMSB) reported strong financial results for Q1 2021, achieving a record net income of $5.1 million, up 12.7% from Q1 2020. Earnings per diluted share rose to $0.37, a 12.1% year-over-year increase. Total assets reached $2.01 billion, reflecting a 23.8% growth. Pre-tax, pre-provision income also hit a record of $8.9 million, increasing 49.3% from the prior year. Notably, the asset quality remained strong with no non-performing loans reported.