John Marshall Bancorp, Inc. (JMSB) 10-Year Financial Performance & Capital Metrics

JMSB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutJohn Marshall Bancorp, Inc. operates as the bank holding company for John Marshall Bank that provides banking products and financial services. The company accepts checking, demand, NOW, savings, and money market accounts, as well as certificates of deposit. It offers commercial, construction and development, commercial term, mortgage, commercial real estate, industrial other commercial lines of credit; debit and credit cards; and treasury and cash management, investment, business and personal insurance, remote deposit capture, deposit sweep and online and mobile banking services. The company serves small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. It operates eight full-service branches in Alexandria, Reston, Arlington, Washington, Loudoun, Prince William, Rockville, and Tysons, as well as a loan production office in Arlington, Virginia. The company was founded in 2005 and is headquartered in Reston, Virginia.Show more

Net Interest Income $51M +0.9%
Total Revenue $112M +31.0%
Net Income $17M +231.9%
Return on Equity 7.19% +208.4%
Net Interest Margin 2.27% +1.3%
Efficiency Ratio 28.3% -21.2%
ROA 0.76% +240.4%
Equity / Assets 11.03% +7.6%
Book Value per Share 17.34 +6.7%
Tangible BV/Share 17.34 +6.7%
Debt/Equity 0.35 +105.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 28.3% efficiency ratio
✓Well capitalized: 11.0% equity/assets
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.44%

5Y9.83%

3Y14.02%

TTM-

Profit (Net Income) CAGR

10Y7.88%

5Y1.46%

3Y-12.39%

TTM-12.8%

EPS CAGR

10Y6.66%

5Y0.51%

3Y-13.12%

TTM92408.4%

ROCE

10Y Avg8.12%

5Y Avg9.31%

3Y Avg8.26%

Latest6.61%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.3B	29.73	54.05	0.1%	4.5%	4.02%	7.11%	0.70
EBCEastern Bankshares, Inc.	4.29B	19.08	28.91	91.64%	11.17%	1.3%	6.3%	0.01
LYGLloyds Banking Group plc	80.35B	5.47	21.88	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	25.67B	59.78	19.73	1.31%	12.22%	6.6%	7.32%	0.51
PFSProvident Financial Services, Inc.	2.58B	19.73	18.79	63.91%	10.13%	7.51%	16.49%	0.93
CBUCommunity Bank System, Inc.	3.17B	60.12	17.48	24.44%	19.4%	10.34%	7%	0.57
VLYValley National Bancorp	6.5B	11.66	16.90	6.51%	10.65%	6.53%	8.44%	0.50
INDBIndependent Bank Corp.	3.64B	73.49	16.26	6.89%	19.72%	7.76%	5.75%	0.23

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+	33.38M	35.77M	40.11M	43.23M	48.24M	56.52M	65.64M	70.17M	50.18M	50.66M
NII Growth %	0.12%	0.07%	0.12%	0.08%	0.12%	0.17%	0.16%	0.07%	-0.28%	0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	38.59M	42.02M	48.9M	57.42M	68.57M	72.13M	73.86M	83.82M	100.47M	109.74M
Interest Expense	5.21M	6.25M	8.79M	14.19M	20.32M	15.61M	8.21M	13.64M	50.29M	59.09M
Loan Loss Provision	1.2M	3.81M	1.38M	1.07M	1.17M	6.22M	3.1M	175K	-3.25M	-370K
Non-Interest Income+	875K	1.36M	1.65M	1.71M	1.76M	1.93M	1.98M	1.94M	-14.64M	2.66M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	39.47M	43.38M	50.55M	59.13M	70.33M	74.06M	75.84M	85.76M	85.83M	112.4M
Revenue Growth %	0.13%	0.1%	0.17%	0.17%	0.19%	0.05%	0.02%	0.13%	0%	0.31%
Non-Interest Expense	19.28M	20.98M	24.13M	28.52M	28.7M	29.16M	32.26M	31.87M	30.82M	31.81M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.78M	12.34M	16.25M	15.35M	20.13M	23.07M	32.26M	40.06M	7.98M	21.88M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.11%	-0.1%	0.32%	-0.06%	0.31%	0.15%	0.4%	0.24%	-0.8%	1.74%
Pretax Income+	13.78M	12.34M	16.25M	15.35M	20.13M	23.07M	32.26M	40.06M	7.98M	21.88M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.91M	4.04M	7.26M	3.17M	4.21M	4.55M	6.8M	8.26M	2.82M	4.76M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.87M	8.3M	8.98M	12.17M	15.92M	18.53M	25.46M	31.8M	5.16M	17.12M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.11%	-0.06%	0.08%	0.36%	0.31%	0.16%	0.37%	0.25%	-0.84%	2.32%
Net Income (Continuing)	8.87M	8.3M	8.98M	12.17M	15.92M	18.53M	25.46M	31.8M	5.16M	17.12M
EPS (Diluted)+	0.69	0.65	0.66	0.89	1.17	1.35	1.83	2.25	0.36	1.20
EPS Growth %	0.1%	-0.06%	0.02%	0.35%	0.31%	0.15%	0.36%	0.23%	-0.84%	2.33%
EPS (Basic)	0.69	0.65	0.70	0.95	1.22	1.37	1.87	2.27	0.37	1.20
Diluted Shares Outstanding	12.82M	12.82M	13.49M	13.53M	13.57M	13.66M	13.88M	14.08M	14.15M	14.22M

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	54.95M	54.62M	38.13M	101.57M	94.49M	138.46M	105.8M	61.6M	99M	122.47M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	853.26M	978.61M	1.09B	1.25B	1.44B	1.7B	1.99B	2.23B	2.11B	2.09B
Investments Growth %	0.15%	0.15%	0.12%	0.14%	0.15%	0.18%	0.17%	0.12%	-0.05%	-0.01%
Long-Term Investments	821.11M	930.29M	1.04B	1.19B	1.32B	1.55B	1.75B	1.87B	1.94B	2.07B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	2.69M	2.47M	2.48M	2.85M	9.57M	8.37M	6.53M	5.83M	5.46M	6.33M
Other Assets	15.4M	36.68M	36.94M	37.5M	35.88M	34.99M	38.92M	46.87M	23.26M	7.4M
Total Current Assets	89.42M	105.92M	96.09M	166.25M	221.23M	295.67M	350.04M	424.71M	275.11M	149.26M
Total Non-Current Assets	839.2M	969.44M	1.08B	1.23B	1.36B	1.59B	1.8B	1.92B	1.97B	2.09B
Total Assets+	928.62M	1.08B	1.18B	1.39B	1.58B	1.89B	2.15B	2.35B	2.24B	2.23B
Asset Growth %	0.18%	0.16%	0.09%	0.19%	0.13%	0.19%	0.14%	0.09%	-0.05%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%
Accounts Payable	109K	220K	996K	1.24M	1.11M	877K	843K	1.03M	4.56M	2.39M
Total Debt+	82.97M	118.21M	143.03M	108.08M	106.1M	52.89M	47.91M	54.98M	39.15M	86.16M
Net Debt	28.02M	63.59M	104.9M	6.51M	11.61M	-85.57M	-57.89M	-6.62M	-59.85M	-36.31M
Long-Term Debt	71M	104M	133.03M	93.08M	86.63M	46.68M	42.73M	24.62M	24.71M	80.79M
Short-Term Debt	11.97M	14.21M	10M	15M	12M	0	0	25.5M	10M	0
Other Liabilities	5.28M	5.05M	5.19M	4.91M	3.99M	5.53M	10.53M	11.68M	62.32M	7.36M
Total Current Liabilities	743.04M	847.51M	907.94M	1.15B	1.32B	1.64B	1.88B	2.09B	1.92B	1.89B
Total Non-Current Liabilities	76.28M	109.05M	138.22M	97.99M	98.09M	58.42M	58.44M	41.16M	91.48M	93.52M
Total Liabilities	819.32M	956.56M	1.05B	1.25B	1.42B	1.7B	1.94B	2.14B	2.01B	1.99B
Total Equity+	109.3M	118.8M	128.87M	142.02M	161.98M	186.08M	208.47M	212.8M	229.91M	246.61M
Equity Growth %	0.1%	0.09%	0.08%	0.1%	0.14%	0.15%	0.12%	0.02%	0.08%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.07%	0.07%	0.09%	0.1%	0.11%	0.13%	0.15%	0.02%	0.07%
Book Value per Share	8.52	9.26	9.56	10.49	11.93	13.62	15.02	15.11	16.25	17.34
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	50.08M	50.69M	127K	128K	131K	135K	137K	141K	141K	142K
Additional Paid-in Capital	31.31M	32.11M	83.87M	85.13M	87.44M	90M	91.11M	94.73M	95.64M	97.17M
Retained Earnings	28.15M	36.45M	45.54M	57.72M	73.64M	92.17M	117.63M	146.63M	146.39M	159.95M
Accumulated OCI	-247K	-457K	-671K	-955K	777K	3.79M	-400K	-28.7M	-12.25M	-10.65M
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+	10.39M	11.66M	13.66M	14.3M	18.48M	24.43M	32.35M	33.16M	18M	17.26M
Operating CF Growth %	0.1%	0.12%	0.17%	0.05%	0.29%	0.32%	0.32%	0.02%	-0.46%	-0.04%
Net Income	8.87M	8.3M	8.98M	12.17M	15.92M	18.53M	25.46M	31.8M	5.16M	17.12M
Depreciation & Amortization	775K	761K	797K	1.28M	2.73M	2.61M	2.23M	1.92M	1.72M	1.68M
Deferred Taxes	-389K	-387K	1.24M	-334K	261K	-1.31M	-678K	594K	921K	-284K
Other Non-Cash Items	1.78M	3.85M	1.43M	1.31M	1.05M	5.75M	3M	277K	13.19M	-1.35M
Working Capital Changes	-1.15M	-1.19M	453K	-1.13M	-2.36M	-1.74M	1.78M	-2.01M	-3.58M	-469K
Cash from Investing+	-145.13M	-153.31M	-100.61M	-220.4M	-187.83M	-261.85M	-303M	-270.87M	144.84M	30.96M
Purchase of Investments	-39.49M	-40.8M	-33.46M	-19.03M	-60.3M	-70.54M	-243.09M	-208.49M	-360K	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-128.99M	-138.1M	-95.21M	-216.61M	-163.62M	-235.37M	-103.29M	-122.14M	-49.46M	-14.31M
Cash from Financing+	132.15M	138.32M	89.32M	206.69M	162.28M	281.39M	237.99M	193.52M	-125.43M	-24.76M
Dividends Paid	0	0	0	0	0	0	0	-2.8M	-3.11M	-3.56M
Share Repurchases	0	0	0	-63K	-68K	-434K	-162K	-8K	-6K	-70K
Stock Issued	342K	851K	444K	328K	1.51M	2.41M	716K	3.06M	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K
Other Financing	112.81M	104.47M	59.87M	246.43M	167.34M	319.42M	241.43M	214.75M	-176.32M	-23.13M
Net Change in Cash+	-2.58M	-3.32M	2.36M	597K	-7.08M	43.97M	-32.66M	-44.2M	37.41M	23.46M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	10.8M	8.22M	4.9M	7.26M	101.57M	94.49M	138.46M	105.8M	61.6M	99M
Cash at End	8.22M	4.9M	7.26M	7.85M	94.49M	138.46M	105.8M	61.6M	99M	122.47M
Interest Paid	5.24M	6.14M	8.02M	13.94M	20.46M	15.79M	8.2M	13.14M	46.68M	61.17M
Income Taxes Paid	4.77M	4.1M	6.03M	2.33M	2.75M	5.4M	6.83M	6.58M	4.11M	1.32M
Free Cash Flow+	9.97M	11.12M	12.85M	13.1M	18.21M	23.84M	32M	33M	17.39M	16.78M
FCF Growth %	0.14%	0.12%	0.16%	0.02%	0.39%	0.31%	0.34%	0.03%	-0.47%	-0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.49%	7.28%	7.26%	8.99%	10.47%	10.65%	12.91%	15.1%	2.33%	7.19%
Return on Assets (ROA)	1.03%	0.83%	0.8%	0.95%	1.07%	1.07%	1.26%	1.41%	0.22%	0.76%
Net Interest Margin	3.59%	3.33%	3.41%	3.1%	3.05%	3%	3.05%	2.99%	2.24%	2.27%
Efficiency Ratio	48.85%	48.35%	47.73%	48.24%	40.81%	39.38%	42.54%	37.17%	35.9%	28.3%
Equity / Assets	11.77%	11.05%	10.97%	10.18%	10.24%	9.87%	9.7%	9.06%	10.25%	11.03%
Book Value / Share	8.52	9.26	9.56	10.49	11.93	13.62	15.02	15.11	16.25	17.34
NII Growth	12.29%	7.14%	12.14%	7.78%	11.6%	17.16%	16.14%	6.9%	-28.48%	0.94%
Dividend Payout	-	-	-	-	-	-	-	8.8%	60.26%	20.78%

Revenue by Segment

	2022	2023	2024
Insurance Commissions	382K	386K	416K
Insurance Commissions Growth	-	1.05%	7.77%
Interchange income	409K	403K	363K
Interchange income Growth	-	-1.47%	-9.93%
Other Charges and Fees	247K	435K	292K
Other Charges and Fees Growth	-	76.11%	-32.87%
Account Service Fees	236K	248K	265K
Account Service Fees Growth	-	5.08%	6.85%
Overdrawn Account Fees	88K	82K	84K
Overdrawn Account Fees Growth	-	-6.82%	2.44%

Frequently Asked Questions

Valuation & Price

John Marshall Bancorp, Inc. (JMSB) has a price-to-earnings (P/E) ratio of 16.2x. This is roughly in line with market averages.

Growth & Financials

John Marshall Bancorp, Inc. (JMSB) grew revenue by 31.0% over the past year. This is strong growth.

Yes, John Marshall Bancorp, Inc. (JMSB) is profitable, generating $14.7M in net income for fiscal year 2024 (15.2% net margin).

Dividend & Returns

Yes, John Marshall Bancorp, Inc. (JMSB) pays a dividend with a yield of 1.28%. This makes it attractive for income-focused investors.

John Marshall Bancorp, Inc. (JMSB) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

Industry Metrics

John Marshall Bancorp, Inc. (JMSB) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

John Marshall Bancorp, Inc. (JMSB) has an efficiency ratio of 28.3%. This is excellent, indicating strong cost control.

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