Quarterly ResultApr 30, 2026, 04:01 PM
BOTJ Q1 Net Income $2.77M, EPS $0.61; Dividend $0.10
AI Summary
Bank of the James Financial Group, Inc. reported strong unaudited results for Q1 2026, with net income surging to $2.77 million, a significant increase from $842,000 in the prior year. Earnings per share climbed to $0.61, driven by higher net interest income, growth in noninterest income, and lower noninterest expense. The company also announced a quarterly dividend of $0.10 per common share.
Key Highlights
- BOTJ Q1 2026 net income increased to $2.77 million, up $1.93 million from $842,000 in Q1 2025.
- Earnings per share rose to $0.61 in Q1 2026 from $0.19 a year earlier.
- Net interest income increased 13.15% to $8.73 million in Q1 2026.
- Total assets were $1.06 billion at March 31, 2026, up 4.89% year-over-year.
- Total deposits increased 4.92% to $956.55 million at March 31, 2026.
- Efficiency ratio improved to 73.75% in Q1 2026 from 89.31% in Q1 2025.
- Wealth management fees from PWW increased 12.59% to $1.41 million.
- Board approved a quarterly dividend of $0.10 per common share, payable June 5, 2026.