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John Marshall Bancorp, Inc. operates as the bank holding company for John Marshall Bank that provides banking products and financial services in Arlington, Fairfax, Loudoun, Prince William, Montgomery, District of Columbia. The company offers checking, NOW, money market accounts, and savings accounts; certificates of deposit; and time, reciprocal IntraFi Demand, IntraFi Money Market, and IntraFi CD deposits. It also offers commercial real estate loans, residential and commercial construction and development loans, commercial and industrial loans, and residential mortgage loans; commercial term loans and lines of credit; U.S. small business administration; mortgage loan; and other loans, such as financing of equipment, receivables, contract administration expenses, and automobile financing. In addition, the company provides debit and credit cards; treasury and cash management services; business and personal insurance; and online and mobile banking with bill pay, sweep accounts, wire transfer, and check imaging and remote deposit capture services; and U.S. treasury bonds, government agency securities, and mortgage-backed securities. It serves small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. The company was formerly known as John Marshall Bank and changed its name to John Marshall Bancorp, Inc. in March 2017. John Marshall Bancorp, Inc. was founded in 2005 and is headquartered in Reston, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $63M | - | $21M | $22M | 8.0% | 17.5% | 24.0% |
| 2024 | $53M | - | $17M | $17M | 6.9% | 50.0% | 231.9% |
| 2023 | $36M | - | $5M | $17M | 2.2% | -50.7% | -83.8% |
| 2022 | $72M | - | $32M | $33M | 14.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 72.11 | 35.54 | 53.32 | 62.64 |
| Pretax Income | 40.06 | 7.98 | 21.88 | 27.38 |
| Tax Provision | 8.26 | 2.82 | 4.76 | 6.15 |
| Net Income | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income Common Stockholders | 31.67 | 5.14 | 17.07 | 21.16 |
| Interest Expense | 13.64 | 50.29 | 59.09 | 52.69 |
| Interest Income | 83.82 | 100.47 | 109.74 | 112.77 |
| Selling General And Administration | 21.80 | 21.64 | 21.40 | 22.77 |
| Normalized Income | 32.08 | 4.95 | 16.94 | 20.92 |
| Basic EPS | 2.27 | 0.36 | 1.20 | 0 |
| Diluted EPS | 2.25 | 0.36 | 1.20 | 0 |
| Tax Effect Of Unusual Items | -0.07 | 0.11 | 0.05 | 0.09 |
| Tax Rate For Calcs | 0.21 | 0.35 | 0.22 | 0.23 |
| Total Unusual Items | -0.35 | 0.32 | 0.24 | 0.40 |
| Total Unusual Items Excluding Goodwill | -0.35 | 0.32 | 0.24 | 0.40 |
| Net Income From Continuing Operation Net Minority Interest | 31.80 | 5.16 | 17.12 | 21.23 |
| Reconciled Depreciation | 1.92 | 1.72 | 1.68 | 1.52 |
| Net Interest Income | 70.17 | 50.18 | 50.66 | 60.08 |
| Net Income From Continuing And Discontinued Operation | 31.80 | 5.16 | 17.12 | 21.23 |
| Diluted Average Shares | 14.08 | 14.19 | 14.21 | 0 |
| Basic Average Shares | 13.93 | 14.12 | 14.17 | 0 |
| Diluted NI Availto Com Stockholders | 31.67 | 5.14 | 17.07 | 21.16 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Otherunder Preferred Stock Dividend | 0.14 | 0.02 | 0.06 | 0.08 |
| Net Income Including Noncontrolling Interests | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income Continuous Operations | 31.80 | 5.16 | 17.12 | 21.23 |
| Gain On Sale Of Security | 0 | -17.32 | 0 | 0 |
| Selling And Marketing Expense | 0.19 | 0.29 | 0.39 | 0.38 |
| General And Administrative Expense | 21.61 | 21.35 | 21.02 | 22.39 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 0.60 | 1.04 | 1 | 0.99 |
| Salaries And Wages | 21 | 20.31 | 20.02 | 21.40 |
| Operating Revenue | 72.11 | 35.54 | 53.32 | 62.64 |
| Occupancy And Equipment | 3.22 | 2.99 | 2.98 | 2.83 |
| Professional Expense And Contract Services Expense | 1.23 | 0.33 | 1 | 1.15 |
| Other Non Interest Expense | 5.63 | 5.86 | 6.43 | 6.82 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| John Marshall Bancorp, Inc.this co. | JMSB | $297M | 14.01↑ premium | 1.11 | 8.0% | - |
| Citizens Financial Services, Inc. | CZFS | $312M | 7.92 | 0.92 | 10.8% | - |
| FS Bancorp, Inc. | FSBW | $311M | 9.65 | 0.98 | 10.8% | - |
| Blue Ridge Bankshares, Inc. | BRBS | $308M | 31.18 | 1.07 | 3.3% | - |
| CoastalSouth Bancshares, Inc. | COSO |
| $305M |
| 11.58 |
| 1.16 |
| 9.6% |
| - |
| James River Group Holdings, Inc. | JRVR | $286M | 7.49 | 0.53 | 7.1% | 6.65 |
| Western New England Bancorp, Inc. | WNEB | $283M | 15.90 | 1.14 | 6.2% | - |
| FVCBankcorp, Inc. | FVCB | $280M | 12.16 | 1.10 | 8.7% | - |
| Oak Valley Bancorp | OVLY | $279M | 11.51 | 1.32 | 11.5% | - |
| Peer Median | - | 11.55 | 1.08 | 9.1% | 6.65 | |