- John Marshall Bancorp, Inc. (JMSB, Financial) reported a 14.4% increase in net income for Q1 2025, reaching $4.8 million.
- Net interest margin rose by 47 basis points, reaching 2.58% in Q1 2025, spurred by a 20% increase in net interest income.
- The company's book value per share increased by 7.3% to $17.72 as of March 31, 2025.
John Marshall Bancorp, Inc. (Nasdaq: JMSB), parent company of John Marshall Bank, announced a significant improvement in its financial performance for the first quarter of 2025. The company reported a net income of $4.8 million, marking an increase of $606,000 or 14.4% compared to the same quarter in 2024. Correspondingly, diluted earnings per share rose to $0.34 from $0.30, a 13.3% increase year-over-year.
The company's net interest income saw a robust growth of $2.4 million or 20.0%, reaching $14.1 million for the quarter. This was driven by a substantial rise in its net interest margin, which increased 47 basis points to 2.58% compared to 2.11% in the previous year’s comparable period.
John Marshall Bancorp's balance sheet remained a source of strength, with total assets reaching $2.27 billion as of March 31, 2025. The company's book value per share also showed an impressive increase of 7.3%, climbing to $17.72 compared to $16.51 in March 2024.
Asset quality indicators remain robust, with the company reporting no loans past due over 30 days, no non-accrual loans, and no charge-offs in the first quarter of 2025. The company’s allowance for loan credit losses stood at $18.8 million, representing 1.01% of outstanding loans.
In addition to financial strength, John Marshall Bancorp announced a 20% increase in its annual cash dividend to $0.30 per share, payable on July 7, 2025, to shareholders of record as of June 27, 2025. This marks the third consecutive annual increase in dividends, reflecting the company's commitment to returning value to its shareholders.
