John Marshall Bancorp, Inc.

Listed Company

JMSBCIK 0001710482NasdaqAcceleratedSmaller ReportingEmerging GrowthState Commercial BanksVirginiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$21.23M

Total Assets

$2.33B

Equity

$265.64M

Shares Out

14.21M

Op. Cash Flow

$22.58M

Business

John Marshall Bancorp, Inc. is a bank holding company that owns John Marshall Bank and provides commercial banking services. It offers deposit products, treasury and cash-management services, online and mobile banking, insurance and merchant services, and a range of lending products including commercial and industrial loans, commercial real estate, construction and development, and residential mortgages. The company conducts operations through its bank subsidiary organized around relationship management, lending, treasury/investment, deposit gathering and construction loan administration. It serves small- and medium-sized businesses, professionals, non‑profits and individuals in the Washington, D.C. metropolitan area via eight branches and digital channels.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro