Bank of the James Financial Group, Inc. (BOTJ) 10-Year Financial Performance & Capital Metrics

BOTJ • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutBank of the James Financial Group, Inc. operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the Unites States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit. The company also offers loans to small- and medium-sized businesses for the purchases of equipment, facilities upgrades, inventory acquisition, and various working capital purposes; commercial and residential construction and development loans; commercial real estate mortgage loans; residential mortgage loans; and secured and unsecured consumer loans, such as lines of credit and overdraft lines of credit, as well as personal, automobile, installment, demand, and home equity loans for personal, family, or household purposes. In addition, it provides other banking services, including safe deposit boxes, traveler's checks, direct deposit of payroll and social security checks, automatic drafts for various accounts, treasury management, and credit card merchant services. Further, the company offers securities brokerage and investment services; and telephone and internet banking services comprising online bill pay, as well as acts as an agent for insurance and annuity products. It operates through a network of 16 full-service offices, 2 limited-service offices, and 1 residential mortgage loan production office. The company was founded in 1998 and is headquartered in Lynchburg, Virginia.Show more

Net Interest Income $29M -1.7%
Total Revenue $59M +14.7%
Net Income $8M -8.7%
Return on Equity 12.72% -19.4%
Net Interest Margin 2.98% -2.7%
Efficiency Ratio 58.15% -5.7%
ROA 0.82% -11.1%
Equity / Assets 6.62% +6.9%
Book Value per Share 14.28 +8.5%
Tangible BV/Share 12.35 +11.1%
Debt/Equity 0.30 -10.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.2%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.31%

5Y10.16%

3Y14.49%

TTM-

Profit (Net Income) CAGR

10Y8.82%

5Y7.22%

3Y1.54%

TTM-38.76%

EPS CAGR

10Y6.64%

5Y8.57%

3Y3.03%

TTM-4.86%

ROCE

10Y Avg10.12%

5Y Avg10.54%

3Y Avg11.65%

Latest10.64%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	17.54M	19.16M	20.6M	23.1M	24.46M	25.07M	27.01M	29.64M	29.66M	29.14M
NII Growth %	0.07%	0.09%	0.08%	0.12%	0.06%	0.02%	0.08%	0.1%	0%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	20.3M	21.5M	23.59M	26.9M	29.72M	29.61M	29.11M	31.79M	39.28M	44.55M
Interest Expense	2.69M	2.34M	2.99M	3.79M	5.26M	4.54M	2.1M	2.15M	9.62M	15.41M
Loan Loss Provision	282K	1.61M	993K	716K	523K	2.55M	-500K	-900K	-179K	-655K
Non-Interest Income+	3.89M	4.44M	4.33M	4.78M	6.63M	9.94M	10.17M	12.39M	12.14M	14.42M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	24.19M	25.94M	27.93M	31.68M	36.35M	39.55M	39.29M	44.17M	51.42M	58.96M
Revenue Growth %	0.09%	0.07%	0.08%	0.13%	0.15%	0.09%	-0.01%	0.12%	0.16%	0.15%
Non-Interest Expense	15.88M	17.17M	18.58M	20.54M	23.63M	26.28M	28.23M	31.81M	31.7M	34.29M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	5.34M	4.81M	5.36M	6.63M	6.93M	6.18M	9.45M	11.11M	10.28M	9.92M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.14%	-0.1%	0.11%	0.24%	0.05%	-0.11%	0.53%	0.18%	-0.07%	-0.03%
Pretax Income+	5.34M	4.81M	5.36M	6.63M	6.93M	6.18M	9.45M	11.11M	10.28M	9.92M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.65M	1.53M	2.44M	1.33M	1.33M	1.2M	1.86M	2.15M	1.57M	1.98M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.69M	3.29M	2.92M	5.3M	5.61M	4.98M	7.59M	8.96M	8.7M	7.94M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.08%	-0.11%	-0.11%	0.81%	0.06%	-0.11%	0.52%	0.18%	-0.03%	-0.09%
Net Income (Continuing)	3.69M	3.29M	2.92M	5.3M	5.61M	4.98M	7.59M	8.96M	8.7M	7.94M
EPS (Diluted)+	0.97	0.68	0.61	1.10	1.16	1.04	1.60	1.91	1.91	1.75
EPS Growth %	0.05%	-0.3%	-0.1%	0.8%	0.05%	-0.1%	0.54%	0.19%	0%	-0.08%
EPS (Basic)	0.97	0.68	0.61	1.10	1.16	1.04	1.60	1.91	1.91	1.75
Diluted Shares Outstanding	3.8M	4.82M	4.82M	4.82M	4.82M	4.78M	4.75M	4.7M	4.56M	4.54M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	15.95M	16.94M	20.27M	26.73M	30.79M	31.68M	29.34M	30.02M	25.61M	23.29M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	470.92M	512.26M	554.67M	588.11M	640.84M	702.89M	743.02M	797.22M	823.31M	831.69M
Investments Growth %	0.11%	0.09%	0.08%	0.06%	0.09%	0.1%	0.06%	0.07%	0.03%	0.01%
Long-Term Investments	434.93M	471.49M	499.36M	535.39M	581.18M	612.71M	581.75M	611.43M	606.8M	816.3M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	3M	2.05M	2.05M	2.05M
Intangible Assets	0	176K	165K	193K	0	0	8.41M	7.84M	7.29M	6.72M
PP&E (Net)	10.01M	10.95M	12.05M	13.43M	16.7M	16.98M	18.35M	17.97M	18.14M	18.96M
Other Assets	26.52M	29.08M	34.85M	42.03M	34.02M	97.48M	183.46M	70.72M	90.13M	93.46M
Total Current Assets	54.29M	60.31M	78.66M	82.3M	92.31M	124.22M	193.31M	218.55M	244.96M	41.74M
Total Non-Current Assets	472.85M	513.89M	547.68M	592.6M	633.08M	727.17M	794.97M	710.02M	724.41M	937.51M
Total Assets+	527.45M	574.2M	626.34M	674.9M	725.39M	851.39M	987.63M	928.57M	969.37M	979.24M
Asset Growth %	0.14%	0.09%	0.09%	0.08%	0.07%	0.17%	0.16%	-0.06%	0.04%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	61K	88K	111K	127K	173K	85K	46K	89K	480K	722K
Total Debt+	10M	0	5M	5M	5M	10.03M	21.02M	20.49M	19.93M	19.35M
Net Debt	-5.95M	-16.94M	-15.27M	-21.73M	-25.79M	-21.66M	-8.32M	-9.53M	-5.68M	-3.94M
Long-Term Debt	10M	0	5M	5M	5M	10.03M	21.02M	20.49M	19.93M	19.35M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	1.57M	0	0	9.32M	9.57M	10.09M	9.62M	10.46M	11.9M
Total Current Liabilities	467.67M	523.2M	567.6M	612.17M	649.63M	765.05M	887.1M	848.23M	878.94M	883.13M
Total Non-Current Liabilities	11.28M	1.57M	7.07M	7.58M	14.32M	19.6M	31.1M	30.12M	30.39M	31.25M
Total Liabilities	479.26M	524.77M	574.68M	619.75M	663.95M	784.65M	918.21M	878.35M	909.33M	914.38M
Total Equity+	48.2M	49.42M	51.66M	55.14M	61.45M	66.73M	69.43M	50.23M	60.04M	64.86M
Equity Growth %	0.39%	0.03%	0.05%	0.07%	0.11%	0.09%	0.04%	-0.28%	0.2%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.07%	0.06%	0.1%	0.1%	0.08%	0.11%	0.15%	0.16%	0.13%
Book Value per Share	12.69	10.26	10.73	11.45	12.75	13.97	14.62	10.69	13.16	14.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	9.37M	9.37M	9.37M	9.37M	9.32M	9.29M	10.14M	9.9M	9.72M	9.72M
Additional Paid-in Capital	31.5M	31.5M	31.5M	31.5M	31.23M	30.99M	37.23M	36.07M	35.25M	35.25M
Retained Earnings	7.92M	10.16M	12.27M	16.52M	20.9M	24.66M	23.44M	31.03M	36.68M	42.8M
Accumulated OCI	-589K	-1.6M	-1.47M	-2.24M	-5K	1.79M	-1.39M	-26.78M	-21.61M	-22.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.35M	2.79M	6.72M	8.57M	5.59M	5.2M	16.35M	9.31M	9.49M	8.51M
Operating CF Growth %	-0.4%	-0.17%	1.41%	0.28%	-0.35%	-0.07%	2.14%	-0.43%	0.02%	-0.1%
Net Income	3.69M	3.29M	2.92M	5.3M	5.61M	4.98M	7.59M	8.96M	8.7M	7.94M
Depreciation & Amortization	767K	767K	811K	930K	1.67M	2.03M	2.06M	2.61M	1.97M	1.94M
Deferred Taxes	-74K	-455K	764K	-132K	-17K	-838K	114K	-10K	-356K	28K
Other Non-Cash Items	-396K	-431K	2.53M	2.31M	-1.72M	-162K	5.58M	-1.45M	1.91M	-3.22M
Working Capital Changes	-642K	-382K	-314K	164K	-50K	-916K	900K	-797K	-2.74M	1.82M
Cash from Investing+	-50.29M	-47.21M	-46.71M	-38.77M	-52.52M	-62.05M	-65.03M	-88.13M	-23.34M	-11.17M
Purchase of Investments	-27.02M	-41.75M	-29.83M	-998K	-16.99M	-51.15M	-84.53M	-77.49M	-34.85M	-20.85M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	-10.4M	-818K	0	0
Other Investing	-36.82M	-38.63M	-28.14M	-39.67M	-44.04M	-32.3M	24.45M	-28.03M	965K	-34.98M
Cash from Financing+	62.85M	44.45M	48.33M	43.5M	35.72M	118.63M	130.95M	-42.57M	26.92M	1.14M
Dividends Paid	-803K	-1.05M	-1.05M	-1.05M	-1.23M	-1.22M	-1.27M	-1.36M	-1.46M	-1.82M
Share Repurchases	0	0	0	0	-315K	-275K	-427K	-1.4M	-997K	0
Stock Issued	10.65M	0	0	0	0	10.03M	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	0	-156K	-1000K	1000K	-889K	-944K	-992K
Other Financing	65M	55.5M	44.38M	44.55M	37.42M	115.51M	122.09M	-38.92M	30.32M	3.94M
Net Change in Cash+	15.91M	28K	8.34M	13.31M	-11.21M	61.77M	82.27M	-121.39M	13.08M	-1.53M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	12.74M	28.66M	28.68M	37.02M	50.33M	39.11M	100.89M	183.15M	61.76M	74.84M
Cash at End	28.66M	28.68M	37.02M	50.33M	39.11M	100.89M	183.15M	61.76M	74.84M	73.31M
Interest Paid	2.69M	2.32M	2.97M	3.78M	5.22M	4.63M	2.14M	2.11M	9.23M	15.16M
Income Taxes Paid	1.88M	2.1M	1.82M	1.27M	120K	1.58M	2.55M	2.18M	1.86M	1.85M
Free Cash Flow+	1.83M	1.08M	4.8M	6.27M	1.19M	3.45M	13.44M	8.12M	7.92M	5.96M
FCF Growth %	-0.57%	-0.41%	3.45%	0.31%	-0.81%	1.89%	2.9%	-0.4%	-0.02%	-0.25%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.9%	6.73%	5.78%	9.93%	9.62%	7.77%	11.15%	14.97%	15.79%	12.72%
Return on Assets (ROA)	0.75%	0.6%	0.49%	0.81%	0.8%	0.63%	0.83%	0.94%	0.92%	0.82%
Net Interest Margin	3.33%	3.34%	3.29%	3.42%	3.37%	2.94%	2.74%	3.19%	3.06%	2.98%
Efficiency Ratio	65.63%	66.19%	66.53%	64.83%	65.01%	66.45%	71.87%	72.02%	61.65%	58.15%
Equity / Assets	9.14%	8.61%	8.25%	8.17%	8.47%	7.84%	7.03%	5.41%	6.19%	6.62%
Book Value / Share	12.69	10.26	10.73	11.45	12.75	13.97	14.62	10.69	13.16	14.28
NII Growth	7.36%	9.19%	7.53%	12.15%	5.87%	2.49%	7.75%	9.72%	0.07%	-1.74%
Dividend Payout	21.75%	31.95%	35.93%	19.8%	21.87%	24.4%	16.75%	15.24%	16.79%	22.89%

Revenue by Segment

	2024
Community Banking	35.99M
Community Banking Growth	-
All Others	7.88M
All Others Growth	-
Investment Advisory Services	4.84M
Investment Advisory Services Growth	-
Mortgage	4.49M
Mortgage Growth	-

Frequently Asked Questions

Valuation & Price

Bank of the James Financial Group, Inc. (BOTJ) has a price-to-earnings (P/E) ratio of 10.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Bank of the James Financial Group, Inc. (BOTJ) grew revenue by 14.7% over the past year. This is steady growth.

Yes, Bank of the James Financial Group, Inc. (BOTJ) is profitable, generating $5.2M in net income for fiscal year 2024 (13.5% net margin).

Dividend & Returns

Yes, Bank of the James Financial Group, Inc. (BOTJ) pays a dividend with a yield of 2.17%. This makes it attractive for income-focused investors.

Bank of the James Financial Group, Inc. (BOTJ) has a return on equity (ROE) of 12.7%. This is reasonable for most industries.

Industry Metrics

Bank of the James Financial Group, Inc. (BOTJ) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

Bank of the James Financial Group, Inc. (BOTJ) has an efficiency ratio of 58.2%. This is reasonable for a bank.

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