John Marshall Bancorp, Inc.
Business
John Marshall Bancorp, Inc. is a Virginia-based bank holding company that owns John Marshall Bank, a commercial bank serving small to medium-sized businesses, professionals, non-profits, and individuals in the Washington, D.C. metropolitan area. The Bank offers commercial and consumer banking products including commercial checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate loans, residential mortgages, construction loans, SBA loans, and digital banking services. Operating through eight branch offices in Virginia, Maryland, and the District of Columbia, the Bank emphasizes personalized commercial banking and relationship-driven service to underserved customers in high-growth markets.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 103 | 96 | 86 | 74 | 69 | |
| Interest on investment securities, taxable | 4 | 5 | 7 | 8 | 4 | |
| Interest on investment securities, tax-exempt | 36,000 | 36,000 | 53,000 | 120,000 | 120,000 | |
| Dividends | 484,000 | 391,000 | 300,000 | 249,000 | 263,000 | |
| Interest on deposits in banks | 6 | 9 | 7 | 1 | 175,000 | |
| Total interest and dividend income | 113 | 110 | 101 | 84 | 74 | |
| Deposits | 49 | 54 | 47 | 12 | 7 | |
| Federal funds purchased | 2,000 | 2,000 | 15,000 | 15,000 | — | |
| Federal Home Loan Bank advances | 2 | 745,000 | 67,000 | 42,000 | 125,000 | |
| Federal Reserve Bank borrowings | — | 2 | 2 | — | — | |
| Subordinated debt | 1 | 1 | 1 | 2 | 1 | |
| Total interest expense | 53 | 59 | 50 | — | — | |
| Net Interest Income | 61 | 51 | 50 | 70 | 66 | |
| Provision for (recovery of) credit losses | 2 | −370,000 | −3 | 175,000 | — | |
| Net interest income after provision for (recovery of) credit losses | 59 | 51 | 54 | 70 | 63 | |
| Service charges on deposit accounts | 336,000 | 349,000 | 330,000 | 324,000 | 262,000 | |
| Other service charges and fees | 571,000 | 655,000 | 838,000 | 656,000 | 477,000 | |
| Insurance commissions | 328,000 | 416,000 | 386,000 | 382,000 | 284,000 | |
| Gain on sale of government guaranteed loans | 322,000 | 520,000 | 131,000 | — | — | |
| Non-qualified deferred compensation plan asset gains, net | 402,000 | 236,000 | 317,000 | — | — | |
| Other income | 115,000 | 95,000 | 150,000 | 139,000 | 275,000 | |
| Total non-interest income | 2 | 2 | −15 | 2 | 2 | |
| Salaries and employee benefits | 21 | 19 | 19 | 20 | 20 | |
| Occupancy expense of premises | 2 | 2 | 2 | 2 | 2 | |
| Furniture and equipment expenses | 1 | 1 | 1 | 1 | 1 | |
| Other operating expenses | 10 | 10 | 8 | 8 | 8 | |
| Total non-interest expenses | 34 | 32 | 31 | 32 | 32 | |
| Income before income taxes | 27 | 22 | 8 | 40 | 32 | |
| Income Tax Expense | 6 | 5 | 3 | 8 | 7 | |
| Net income | 21 | 17 | 5 | 32 | 25 | |
| Earnings per share, basic (in dollars per share) | 1.49 | 1.2 | 0.37 | 2.27 | 1.87 | |
| Earnings per share, diluted (in dollars per share) | 1.49 | 1.2 | 0.36 | 2.25 | 1.83 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 6 | 6 | 7 | 7 | 3 | |
| Interest-bearing deposits in other banks | 123 | 117 | 92 | 55 | 103 | |
| Total cash and cash equivalents | 130 | 122 | 99 | 62 | 106 | |
| Securities available-for-sale, at fair value | 124 | 130 | 170 | — | — | |
| Securities held-to-maturity at amortized cost, fair value of $77,575 and $76,270 as of December 31, 2025 and December 31, 2024, respectively | 88 | 92 | 96 | 99 | — | |
| Restricted securities, at cost | 8 | 8 | 5 | 4 | 5 | |
| Equity securities, at fair value | 3 | 3 | 3 | 2 | 2 | |
| Loans, net of unearned income | 1,975 | 1,872 | 1,860 | — | — | |
| Less: Allowance for loan credit losses | −20 | −19 | −20 | — | — | |
| Loans, net | 1,956 | 1,853 | 1,840 | — | — | |
| Bank premises and equipment, net | 1 | 1 | 1 | 1 | 2 | |
| Accrued interest receivable | 6 | 6 | 6 | 6 | 5 | |
| Right-of-use assets | 5 | 5 | 4 | 5 | 5 | |
| Other assets | 13 | 14 | 18 | 21 | 13 | |
| Total assets | 2,333 | 2,235 | 2,243 | 2,348 | 2,149 | |
| Non-interest bearing demand deposits | 433 | 433 | 411 | 477 | 489 | |
| Interest-bearing demand deposits | 745 | 705 | 608 | 692 | 634 | |
| Savings deposits | 35 | 44 | 52 | 95 | 101 | |
| Time deposits | 760 | 710 | 835 | 804 | 657 | |
| Total deposits | 1,972 | 1,892 | 1,907 | 2,068 | 1,882 | |
| Federal Home Loan Bank advances | 56 | 56 | — | — | 18 | |
| Subordinated debt | 25 | 25 | 25 | 25 | 25 | |
| Accrued interest payable | 2 | 2 | 5 | 1 | 843,000 | |
| Lease liabilities | 5 | 5 | 4 | 5 | 5 | |
| Other liabilities | 7 | 7 | 8 | 12 | 11 | |
| Total liabilities | 2,067 | 1,988 | 2,013 | 2,135 | 1,941 | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued | — | — | — | — | — | |
| Additional paid-in capital | 96 | 97 | 96 | 95 | 91 | |
| Retained earnings | 177 | 160 | 146 | 147 | 118 | |
| Accumulated other comprehensive loss | −7 | −11 | −12 | −29 | −400,000 | |
| Total shareholders' equity | 266 | 247 | 230 | 213 | 208 | |
| Total liabilities and shareholders' equity | 2,333 | 2,235 | 2,243 | 2,348 | 2,149 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 21 | 17 | 5 | 32 | 25 | |
| Depreciation | 507,000 | 447,000 | 484,000 | 557,000 | 814,000 | |
| Right of use asset amortization | 1 | 1 | 1 | 1 | 1 | |
| Provision for (recovery of) credit losses | 2 | −370,000 | −3 | — | — | |
| Share-based compensation expense | 527,000 | 555,000 | 596,000 | 573,000 | 560,000 | |
| Net accretion of securities | −203,000 | −302,000 | −270,000 | −25,000 | 488,000 | |
| Fair value adjustment on equity securities | −402,000 | −236,000 | −317,000 | 354,000 | −194,000 | |
| Amortization of debt issuance costs | 84,000 | 83,000 | 84,000 | 317,000 | 49,000 | |
| Net loss (gain) on premises and equipment | 3,000 | −1,000 | −16,000 | — | −29,000 | |
| Deferred tax benefit | −162,000 | −284,000 | 921,000 | 594,000 | −678,000 | |
| Decrease in accrued interest receivable | 106,000 | 114,000 | −579,000 | −588,000 | 365,000 | |
| Decrease in other assets | 677,000 | 4 | −2 | −1 | 861,000 | |
| Decrease in accrued interest payable | −270,000 | −2 | 4 | 192,000 | −34,000 | |
| Decrease in other liabilities | −2 | −3 | −5 | −237,000 | 591,000 | |
| Net cash provided by operating activities | 23 | 17 | 18 | 33 | 32 | |
| Net (increase) decrease in loans | −108 | −18 | −72 | — | — | |
| Proceeds from sale of government guaranteed loans originally classified as held for investment | 4 | 6 | 2 | — | — | |
| Purchase of available-for-sale securities | −32 | — | — | −207 | −231 | |
| Proceeds from maturities, calls and principal repayments of available-for-sale securities | 44 | 42 | 36 | 53 | 39 | |
| Proceeds from maturities, calls and principal repayments of held-to-maturity securities | 3 | 3 | 4 | 7 | 4 | |
| Net purchases of restricted securities | −10,000 | −3 | −587,000 | — | — | |
| Net proceeds from equity securities | 391,000 | 196,000 | — | — | — | |
| Proceeds from sale of premises and equipment | 47,000 | — | 82,000 | — | 35,000 | |
| Purchases of bank premises and equipment | −554,000 | −483,000 | −612,000 | −156,000 | −353,000 | |
| Net cash (used in) provided by investing activities | −89 | 31 | 145 | −271 | −303 | |
| Net increase (decrease) in deposits | 80 | −14 | −161 | 186 | 241 | |
| Net proceeds of Federal Home Loan Bank advances | — | 56 | — | — | — | |
| Repayment of Federal Reserve Bank borrowings | — | −54 | — | — | — | |
| Cash dividends paid | −4 | −4 | −3 | −3 | — | |
| Repayment of federal funds purchased | — | −10 | −16 | 26 | — | |
| Issuance of common stock for share options exercised | 446,000 | 1 | 320,000 | 3 | 716,000 | |
| Repurchase of shares for tax withholding on share-based compensation | −29,000 | −21,000 | −6,000 | −8,000 | −162,000 | |
| Repurchase of common stock | −2 | −49,000 | — | — | — | |
| Net cash provided by (used in) financing activities | 74 | −25 | −125 | 194 | 238 | |
| Net increase in cash and cash equivalents | 8 | 23 | 37 | −44 | −33 | |
| Interest | 53 | 61 | 47 | 13 | 8 | |
| Income taxes - U.S. Federal | 5 | 1 | — | — | — | |
| Total income taxes paid | 6 | 1 | — | — | — | |
| Unrealized gain on securities available-for-sale | 5 | 2 | 21 | −36 | −5 | |
| Right of use asset obtained in exchange for new operating lease liability | 563,000 | 2 | 1 | 1 | 385,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is John Marshall Bancorp, Inc.'s CIK number?
John Marshall Bancorp, Inc.'s SEC CIK number is 0001710482 (1710482). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find John Marshall Bancorp, Inc.'s SEC filings?
All of John Marshall Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did John Marshall Bancorp, Inc. last report earnings?
John Marshall Bancorp, Inc. (JMSB) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-050955). This is John Marshall Bancorp, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is John Marshall Bancorp, Inc.'s most recent earnings 8-K?
John Marshall Bancorp, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001104659-26-050955. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View John Marshall Bancorp, Inc.'s latest earnings 8-K →
Look up any company's CIK number →