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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 72.11 | 35.54 | 53.32 | 62.64 |
| Operating Revenue | - | 72.11 | 35.54 | 53.32 | 62.64 |
| Selling General And Administration | - | 21.80 | 21.64 | 21.40 | 22.77 |
| Interest Income | - | 83.82 | 100.47 | 109.74 | 112.77 |
| Interest Expense | - | 13.64 | 50.29 | 59.09 | 52.69 |
| Net Interest Income | - | 70.17 | 50.18 | 50.66 | 60.08 |
| Pretax Income | - | 40.06 | 7.98 | 21.88 | 27.38 |
| Tax Provision | - | 8.26 | 2.82 | 4.76 | 6.15 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.07 | 0.11 | 0.05 | 0.09 |
| Net Income Continuous Operations | - | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income From Continuing And Discontinued Operation | - | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income From Continuing Operation Net Minority Interest | - | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income | - | 31.80 | 5.16 | 17.12 | 21.23 |
| Net Income Common Stockholders | - | 31.67 | 5.14 | 17.07 | 21.16 |
| Net Income Including Noncontrolling Interests | - | 31.80 | 5.16 | 17.12 | 21.23 |
| Normalized Income | - | 32.08 | 4.95 | 16.94 | 20.92 |
| Diluted NI Availto Com Stockholders | - | 31.67 | 5.14 | 17.07 | 21.16 |
| Basic Average Shares | - | 13.93 | 14.12 | 14.17 | 14.19 |
| Diluted Average Shares | - | 14.08 | 14.19 | 14.21 | 14.19 |
| Reconciled Depreciation | - | 1.92 | 1.72 | 1.68 | 1.52 |
| Total Unusual Items | - | -0.35 | 0.32 | 0.24 | 0.40 |
| Total Unusual Items Excluding Goodwill | - | -0.35 | 0.32 | 0.24 | 0.40 |
| Gain On Sale Of Security | - | 0 | -17.32 | 0 | 0 |
| General And Administrative Expense | - | 21.60 | 21.35 | 21.02 | 22.39 |
| Other Gand A | 1.47 | - | - | - | - |
| Salaries And Wages | - | 21 | 20.31 | 20.02 | 21.40 |
| Insurance And Claims | - | 0.60 | 1.04 | 1 | 0.99 |
| Selling And Marketing Expense | - | 0.19 | 0.29 | 0.39 | 0.38 |
| Otherunder Preferred Stock Dividend | - | 0.14 | 0.02 | 0.06 | 0.08 |
| Average Dilution Earnings | 0 | 0 | - | - | - |
| 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 | $299M | 14.06 | 1.12 | 8.0% | - |
| Citizens Financial Services, Inc. | CZFS | $308M | 8.43 | 0.91 | 10.8% | - |
| Value Line, Inc. | VALU | $305M | 14.75 | 3.06 | 20.8% | 37.84 |
| NI Holdings, Inc. | NODK | $299M | - | 1.24 | -4.3% | - |
| FS Bancorp, Inc. | FSBW | $297M |
| - |
| - |
| - |
| - |
| - |
| - |
| 8.91 |
| 0.97 |
| 10.8% |
| - |
| Blue Ridge Bankshares, Inc. | BRBS | $295M | 27.54 | 0.91 | 3.3% | - |
| MBIA Inc. | MBI | $291M | -1.65 | -0.13 | 7.9% | - |
| First Community Corporation | FCCO | $289M | 15.07 | 1.73 | 11.5% | - |
| FVCBankcorp, Inc. | FVCB | $288M | 13.08 | 1.14 | 8.7% | - |
| Peer Median | - | 13.08 | 1.05 | 9.8% | 37.84 | |