Bank of the James Announces Third Quarter, Nine Months of 2021 Financial Results and Declaration of Dividend
Bank of the James Financial Group, Inc. (BOTJ) reported strong financial results for Q3 and the first nine months of 2021. Net income surged to $1.88 million ($0.40/share) in Q3, up from $1.45 million ($0.30/share) in the same period last year. Year-to-date net income reached $5.73 million ($1.21/share), a significant rise from $3.27 million ($0.68/share) in 2020. Total deposits increased to $853.8 million, reflecting core deposit growth. The company maintained a low nonperforming loans ratio of 0.32% and did not need to provision for loan losses. A quarterly dividend of $0.07/share was declared, payable December 10, 2021.
- Net income increased 30% year-over-year in Q3, reaching $1.88 million.
- Year-to-date net income rose 75% to $5.73 million.
- Total deposits increased by $88.8 million to $853.8 million.
- Strong asset quality with a nonperforming loans ratio of 0.32%.
- No provisions for loan losses in 2021, positively affecting net interest income.
- Total loans decreased to $583.6 million from $601.9 million due to PPP loan paydowns.
- Book value per share declined to $14.53 from $15.38, primarily due to a 10% stock dividend.
Earnings Growth, Asset Quality, Commercial Banking Momentum, Active Mortgage Lending
LYNCHBURG, Va., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank serving Region 2000 (the greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia markets, today announced unaudited results for the three and nine month periods ended September 30, 2021.
Net income for the three months ended September 30, 2021 was
Robert R. Chapman III, CEO, Bank of the James and President of the Holding Company, commented: “The Company’s quarterly and year-to-date financial performance reflected continued success in providing efficient and effective service to customers which again resulted in solid earnings. A focus on interest expense management and maintaining strong asset quality have supported the Company’s positive financial performance.
“Working closely with customers to meet their banking needs, manage their finances and maintain credit quality during challenging times has contributed to low levels of nonperforming loans. The Company has not needed to make any provision for loan losses in 2021, which has had a positive impact on net interest income after provision for loan losses and reflects the continuing financial and economic health of our customer base.
“We actively participated in the Payroll Protection Program (PPP), which has been a significant element of our 2021 operations as our team dedicated considerable time and energy to working with customers to secure loans, and processing and managing these loans. As the program is in the final stages of winding down, we believe it has provided meaningful support for the hundreds of commercial customers who participated. We assisted existing customers and welcomed many businesses who were working with Bank of the James for the first time. We look forward to retaining many of these businesses as clients.
“Throughout the communities we serve, the signs of economic recovery are very encouraging. While it is too early to declare victory over COVID-19, the Delta variant and the lingering impact of the pandemic, all signs point to continuing normalization of life and activities. Consistent with our Company’s safe, secure operating philosophy, we are maintaining significant cash reserves and an adequate allowance for loan loss given the risks and uncertainties in the current environment. While we maintain a prudent, cautious stance, we are moving forward with confidence.”
Highlights
- Net income in the third quarter and nine months of 2021 reflected significant noninterest income contributions from mortgage loan processing fees, gains on the sale of originated residential mortgages to the secondary market and continuing growth in the Bank’s fee-based corporate electronic treasury services.
- Total interest income was
$7.32 million in the third quarter of 2021 compared with$7.34 million a year earlier, and$21.91 million in the nine months of 2021 compared with$21.91 million a year earlier. Interest income from loans in the third quarter of 2021 reflected increasing organic commercial loan activity offset by declining income related to PPP loans as the program continues to wind down. - Net interest income after provision for loan losses was
$6.82 million in the third quarter of 2021 and$20.28 million in the nine months of 2021, up24% and28% , respectively, compared with the 2020 periods. Net interest income in the three and nine-month periods ended September 30, 2021 reflected57% and55% year-over-year reductions respectively of interest expense and no provision for loan losses in both periods of 2021. - Noninterest income in the third quarter and nine months of 2021 primarily reflected income from residential mortgage loan processing fees and gains on the sale of originated mortgage loans as the Bank’s mortgage lending maintained brisk activity.
- Loans, net of the allowance for loan losses, were
$583.6 million at September 30, 2021, compared with$601.9 million at December 31, 2020, primarily reflecting ongoing paydowns of PPP loans. - Commercial real estate loans (owner occupied and non-owner occupied) increased in the third quarter of 2021 from the second quarter of 2021 and have grown by
$24.3 million since September 30, 2020. - Asset quality was sound with a
0.32% ratio of nonperforming loans to total loans, reflecting customers’ strong credit quality, and nonperforming loans remained at low levels. The allowance for loan losses to total loans was1.23% at September 30, 2021 (approximately1.27% excluding government-guaranteed PPP loans). - Total deposits increased to
$853.8 million at September 30, 2021 compared with$765.0 million at December 31, 2020, reflecting continued core deposit growth (noninterest-bearing demand, NOW, savings and money market accounts) and continued trimming of time deposits. Growth has reflected factors including increased market presence and new and expanded commercial and retail banking relationships. - Total stockholders’ equity was
$68.9 million at September 30, 2021 compared with$66.7 million at December 31, 2020. Book value per share was$14.53 at September 30, 2021 compared with$15.38 per share at December 31, 2020, primarily reflecting the10% stock dividend declared in the second quarter of 2021. - On October 19, 2021 the Company’s board of directors approved a quarterly
$0.07 per share dividend payable to stockholders of record on November 26, 2021, to be paid on December 10, 2021. - The Company’s current stock repurchase plan remains in effect through January 20, 2022. Although the Company did not repurchase any stock pursuant to this program during the third quarter of 2021, the Company continues to look for opportunities to repurchase shares within the safe harbor and when consistent with the Company’s goals.
- In October 2021 Michael A. Syrek was named President of the Bank. He has served as Executive Vice President and Chief Loan Officer since joining the Bank in 2012 and continues to head commercial banking operations and a growing team of bankers. Robert Chapman continues to serve as the CEO of the Bank and President of the Company.
Third Quarter, Nine Months of 2021 Operational Review
Net interest income after provision for loan losses in the third quarter of 2021 was
Total interest income was
In the nine months of 2021, net interest income after provision for loan losses was
Lower interest expense in both periods of 2021 reflected reduced costs of time deposits and borrowings, a retirement of higher-cost debt in 2020, and continued growth of lower-cost core deposits (noninterest-bearing demand, NOW, savings and money market accounts). The rate paid on total interest-bearing liabilities was
In the third quarter of 2021, noninterest income, including gains from the sale of residential mortgages to the secondary market and income from the Bank’s line of treasury management services for commercial customers, was
For the nine months of 2021, noninterest income was
Balance Sheet Review: Asset Quality, Positive Commercial Lending Outlook
Total assets were
Loans, net of allowance for loan losses of
Commercial loans, including outstanding PPP loans, were
Michael A. Syrek, President of the Bank, commented: “Even during the pandemic, we have been very successful generating CRE and construction lending. In particular, the Lynchburg and Harrisonburg markets have been especially active for lending and commercial banking.
“Importantly, we continue to expand banking relationships with a host of customers in our served markets, and are earning new business because of our extensive product capabilities and services that we believe exceed those of our competitors. Electronic commercial treasury services, cash management, and depository products complement lending. We have continued to approve and close a large volume of new commercial loans, although not at a sufficient pace to offset significant PPP forgiveness payoffs combined with normal amortization.
“As a regional community bank with significant scope and scale, our wide range of sophisticated products combined with expertise and personalized financial solutions give us a significant competitive advantage. As a result, we can look beyond transactional banking and focus on establishing and growing full-service banking relationships with business customers. Our commercial loan pipeline is robust, and we are regularly earning new customers. We believe that as the climate for businesses continues to normalize, we will experience even greater momentum.”
Commercial real estate and commercial construction lending have increased modestly during the past year despite the pandemic and economic uncertainties. At September 30, 2021, owner-occupied commercial mortgages were
Consumer loans increased slightly year-over-year. Retained residential mortgage totals declined to
Asset quality has remained strong, with a ratio of nonperforming loans to total loans of
The Company maintained a
Total deposits at September 30, 2021 were
The Company’s measures of shareholder value included total stockholders’ equity of
About the Company
Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Roanoke, and Rustburg. The bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the "Company") undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, the effect of the COVID-19 pandemic, and changes in the value of real estate securing loans made by Bank of the James (the "Bank"), a subsidiary of the Company. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission and previously filed by the Bank (as predecessor of the Company) with the Federal Reserve Board.
CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.
tscruggs@bankofthejames.com
FINANCIAL STATEMENTS FOLLOW
Bank of the James Financial Group, Inc. and Subsidiaries
Dollar amounts in thousands, except per share data
unaudited
| Selected Data: | Three months ending Sep 30, 2021 | Three months ending Sep 30, 2020 | Change | Year to date Sep 30, 2021 | Year to date Sep 30, 2020 | Change | ||||||||||||
| Interest income | $ | 7,315 | $ | 7,338 | -0.31 | % | $ | 21,914 | $ | 21,907 | 0.03 | % | ||||||
| Interest expense | 493 | 1,135 | -56.56 | % | 1,634 | 3,650 | -55.23 | % | ||||||||||
| Net interest income | 6,822 | 6,203 | 9.98 | % | 20,280 | 18,257 | 11.08 | % | ||||||||||
| Provision for loan losses | - | 700 | -100.00 | % | - | 2,348 | -100.00 | % | ||||||||||
| Noninterest income | 2,822 | 3,064 | -7.90 | % | 8,305 | 8,039 | 3.31 | % | ||||||||||
| Noninterest expense | 7,298 | 6,744 | 8.21 | % | 21,424 | 19,876 | 7.79 | % | ||||||||||
| Income taxes | 465 | 369 | 26.02 | % | 1,431 | 802 | 78.43 | % | ||||||||||
| Net income | 1,881 | 1,454 | 29.37 | % | 5,730 | 3,270 | 75.23 | % | ||||||||||
| Weighted average shares outstanding - basic (1) | 4,740,657 | 4,773,380 | (32,723 | ) | 4,750,235 | 4,776,523 | (26,288 | ) | ||||||||||
| Weighted average shares outstanding - diluted (1) | 4,740,657 | 4,773,380 | (32,723 | ) | 4,750,235 | 4,776,523 | (26,288 | ) | ||||||||||
| Basic net income per share (1) | $ | 0.40 | $ | 0.30 | $ | 0.10 | $ | 1.21 | $ | 0.68 | $ | 0.53 | ||||||
| Fully diluted net income per share (1) | $ | 0.40 | $ | 0.30 | $ | 0.10 | $ | 1.21 | $ | 0.68 | $ | 0.53 | ||||||
(1) Shares and per share amounts for all periods have been adjusted to reflect a
| Balance Sheet at period end: | Sep 30, 2021 | Dec 31, 2020 | Change | Sep 30, 2020 | Dec 31, 2019 | Change | ||||||||||||
| Loans, net | $ | 583,572 | $ | 601,934 | -3.05 | % | $ | 616,581 | $ | 573,274 | 7.55 | % | ||||||
| Loans held for sale | 6,462 | 7,102 | -9.01 | % | 10,232 | 4,221 | 142.41 | % | ||||||||||
| Total securities | 155,957 | 93,856 | 66.17 | % | 79,303 | 63,343 | 25.20 | % | ||||||||||
| Total deposits | 853,829 | 764,967 | 11.62 | % | 763,933 | 649,459 | 17.63 | % | ||||||||||
| Stockholders' equity | 68,902 | 66,732 | 3.25 | % | 65,782 | 61,445 | 7.06 | % | ||||||||||
| Total assets | 942,631 | 851,386 | 10.72 | % | 849,129 | 725,394 | 17.06 | % | ||||||||||
| Shares outstanding | 4,740,657 | 4,339,436 | 401,221 | 4,339,436 | 4,357,436 | (18,000 | ) | |||||||||||
| Book value per share | $ | 14.53 | $ | 15.38 | $ | (0.85 | ) | $ | 15.16 | $ | 14.10 | $ | 1.06 | |||||
| Daily averages: | Three months ending Sep 30, 2021 | Three months ending Sep 30, 2020 | Change | Year to date Sep 30, 2021 | Year to date Sep 30, 2020 | Change | ||||||||||
| Loans, net | $ | 587,129 | $ | 619,574 | -5.24 | % | $ | 598,135 | $ | 601,382 | -0.54 | % | ||||
| Loans held for sale | 5,638 | 8,881 | -36.52 | % | 5,777 | 6,072 | -4.86 | % | ||||||||
| Total securities | 142,670 | 63,743 | 123.82 | % | 118,662 | 59,358 | 99.91 | % | ||||||||
| Total deposits | 843,452 | 768,618 | 9.74 | % | 820,517 | 720,009 | 13.96 | % | ||||||||
| Stockholders' equity | 67,657 | 62,309 | 8.58 | % | 66,183 | 61,778 | 7.13 | % | ||||||||
| Interest earning assets | 869,899 | 793,709 | 9.60 | % | 847,730 | 744,246 | 13.90 | % | ||||||||
| Interest bearing liabilities | 692,709 | 638,166 | 8.55 | % | 669,535 | 608,968 | 9.95 | % | ||||||||
| Total assets | 930,846 | 849,820 | 9.53 | % | 906,389 | 798,106 | 13.57 | % | ||||||||
| Financial Ratios: | Three months ending Sep 30, 2021 | Three months ending Sep 30, 2020 | Change | Year to date Sep 30, 2021 | Year to date Sep 30, 2020 | Change | ||||||
| Return on average assets | 0.80 | % | 0.68 | % | 0.12 | 0.85 | % | 0.55 | % | 0.30 | ||
| Return on average equity | 11.03 | % | 9.26 | % | 1.77 | 11.58 | % | 7.05 | % | 4.53 | ||
| Net interest margin | 3.11 | % | 3.10 | % | 0.01 | 3.20 | % | 3.27 | % | (0.07 | ) | |
| Efficiency ratio | 75.67 | % | 72.77 | % | 2.90 | 74.95 | % | 75.59 | % | (0.64 | ) | |
| Average equity to | ||||||||||||
| average assets | 7.27 | % | 7.33 | % | (0.06 | ) | 7.30 | % | 7.74 | % | (0.44 | ) |
| Allowance for loan losses: | Three months ending Sep 30, 2021 | Three months ending Sep 30, 2020 | Change | Year to date Sep 30, 2021 | Year to date Sep 30, 2020 | Change | ||||||||||
| Beginning balance | $ | 7,212 | $ | 6,193 | 16.45 | % | $ | 7,156 | $ | 4,829 | 48.19 | % | ||||
| Provision for losses | - | 700 | -100.00 | % | - | 2,348 | -100.00 | % | ||||||||
| Charge-offs | (16 | ) | (57 | ) | -71.93 | % | (80 | ) | (396 | ) | -79.80 | % | ||||
| Recoveries | 80 | 130 | -38.46 | % | 200 | 185 | 8.11 | % | ||||||||
| Ending balance | 7,276 | 6,966 | 4.45 | % | 7,276 | 6,966 | 4.45 | % | ||||||||
| Nonperforming assets: | Sep 30, 2021 | Dec 31, 2020 | Change | Sep 30, 2020 | Dec 31, 2019 | Change | ||||||||||
| Total nonperforming loans | $ | 1,904 | $ | 2,064 | -7.75 | % | $ | 2,538 | $ | 1,301 | 95.08 | % | ||||
| Other real estate owned | 806 | 1,105 | -27.06 | % | 1,405 | 2,339 | -39.93 | % | ||||||||
| Total nonperforming assets | 2,710 | 3,169 | -14.48 | % | 3,943 | 3,640 | 8.32 | % | ||||||||
| Troubled debt restructurings - (performing portion) | 376 | 392 | -4.08 | % | 397 | 410 | -3.17 | % | ||||||||
| Asset quality ratios: | Sep 30, 2021 | Dec 31, 2020 | Change | Sep 30, 2020 | Dec 31, 2019 | Change | ||||||
| Nonperforming loans to total loans | 0.32 | % | 0.34 | % | (0.02 | ) | 0.41 | % | 0.23 | % | 0.18 | |
| Allowance for loan losses to total loans | 1.23 | % | 1.17 | % | 0.06 | 1.12 | % | 0.84 | % | 0.28 | ||
| Allowance for loan losses to nonperforming loans | 382.14 | % | 346.71 | % | 35.43 | 274.47 | % | 371.18 | % | (96.71 | ) | |
Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Balance Sheets
(dollar amounts in thousands, except per share amounts)
| (unaudited) | |||||||
| Assets | 9/30/2021 | 12/31/2020 | |||||
| Cash and due from banks | $ | 30,340 | $ | 31,683 | |||
| Federal funds sold | 116,956 | 69,203 | |||||
| Total cash and cash equivalents | 147,296 | 100,886 | |||||
| Securities held-to-maturity (fair value of | 3,659 | 3,671 | |||||
| Securities available-for-sale, at fair value | 152,298 | 90,185 | |||||
| Restricted stock, at cost | 1,324 | 1,551 | |||||
| Loans, net of allowance for loan losses of | 583,572 | 601,934 | |||||
| Loans held for sale | 6,462 | 7,102 | |||||
| Premises and equipment, net | 17,030 | 16,621 | |||||
| Software, net | 208 | 361 | |||||
| Interest receivable | 2,106 | 2,350 | |||||
| Cash value - bank owned life insurance | 18,670 | 16,355 | |||||
| Other real estate owned | 806 | 1,105 | |||||
| Income taxes receivable | 312 | - | |||||
| Deferred tax asset | 1,798 | 1,219 | |||||
| Other assets | 7,090 | 8,046 | |||||
| Total assets | $ | 942,631 | $ | 851,386 | |||
| Liabilities and Stockholders' Equity | |||||||
| Deposits | |||||||
| Noninterest bearing demand | 163,510 | 143,345 | |||||
| NOW, money market and savings | 549,989 | 463,506 | |||||
| Time | 140,330 | 158,116 | |||||
| Total deposits | 853,829 | 764,967 | |||||
| Capital notes | 10,031 | 10,027 | |||||
| Income taxes payable | - | 286 | |||||
| Interest payable | 49 | 85 | |||||
| Other liabilities | 9,820 | 9,289 | |||||
| Total liabilities | $ | 873,729 | $ | 784,654 | |||
| Stockholders' equity | |||||||
| Common stock | |||||||
| 4,740,657 and 4,339,436 as of September 30, 2021 and December 31, 2020 | 10,145 | 9,286 | |||||
| Additional paid-in-capital | 37,230 | 30,989 | |||||
| Accumulated other comprehensive (loss) income | (386 | ) | 1,792 | ||||
| Retained earnings | 21,913 | 24,665 | |||||
| Total stockholders' equity | $ | 68,902 | $ | 66,732 | |||
| Total liabilities and stockholders' equity | $ | 942,631 | $ | 851,386 | |||
Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Statements of Income
(dollar amounts in thousands, except per share amounts)
(unaudited)
| For the Three Months | For the Nine Months | ||||||||||||||
| Ended September 30, | Ended September 30, | ||||||||||||||
| Interest Income | 2021 | 2020 | 2021 | 2020 | |||||||||||
| Loans | $ | 6,605 | $ | 6,958 | $ | 20,089 | $ | 20,695 | |||||||
| Securities | |||||||||||||||
| US Government and agency obligations | 230 | 168 | 640 | 506 | |||||||||||
| Mortgage backed securities | 138 | 50 | 299 | 164 | |||||||||||
| Municipals | 243 | 94 | 599 | 249 | |||||||||||
| Dividends | 4 | 15 | 39 | 48 | |||||||||||
| Other (Corporates) | 55 | 25 | 155 | 71 | |||||||||||
| Interest bearing deposits | 7 | 15 | 26 | 85 | |||||||||||
| Federal Funds sold | 33 | 13 | 67 | 89 | |||||||||||
| Total interest income | 7,315 | 7,338 | 21,914 | 21,907 | |||||||||||
| Interest Expense | |||||||||||||||
| Deposits | |||||||||||||||
| NOW, money market savings | 146 | 177 | 419 | 669 | |||||||||||
| Time Deposits | 239 | 798 | 890 | 2,559 | |||||||||||
| Finance leases | 26 | 29 | 80 | 87 | |||||||||||
| Brokered time deposits | - | 46 | - | 143 | |||||||||||
| Capital notes | 82 | 85 | 245 | 192 | |||||||||||
| Total interest expense | 493 | 1,135 | 1,634 | 3,650 | |||||||||||
| Net interest income | 6,822 | 6,203 | 20,280 | 18,257 | |||||||||||
| Provision for loan losses | - | 700 | - | 2,348 | |||||||||||
| Net interest income after provision for loan losses | 6,822 | 5,503 | 20,280 | 15,909 | |||||||||||
| Noninterest income | |||||||||||||||
| Gains on sale of loans held for sale | 2,091 | 2,459 | 6,175 | 5,586 | |||||||||||
| Service charges, fees and commissions | 612 | 498 | 1,803 | 1,500 | |||||||||||
| Life insurance income | 117 | 101 | 315 | 289 | |||||||||||
| Other | 2 | 6 | 12 | 20 | |||||||||||
| Gain on sales of available-for-sale securities | - | - | - | 644 | |||||||||||
| Total noninterest income | 2,822 | 3,064 | 8,305 | 8,039 | |||||||||||
| Noninterest expenses | |||||||||||||||
| Salaries and employee benefits | 4,093 | 3,713 | 11,901 | 11,040 | |||||||||||
| Occupancy | 437 | 419 | 1,270 | 1,237 | |||||||||||
| Equipment | 626 | 560 | 1,883 | 1,738 | |||||||||||
| Supplies | 120 | 120 | 354 | 353 | |||||||||||
| Professional, data processing, and other outside expense | 1,029 | 990 | 2,978 | 2,884 | |||||||||||
| Marketing | 209 | 185 | 720 | 500 | |||||||||||
| Credit expense | 309 | 359 | 869 | 831 | |||||||||||
| Other real estate expenses | 1 | 15 | 74 | 135 | |||||||||||
| FDIC insurance expense | 137 | 76 | 425 | 220 | |||||||||||
| Other | 337 | 307 | 950 | 938 | |||||||||||
| Total noninterest expenses | 7,298 | 6,744 | 21,424 | 19,876 | |||||||||||
| Income before income taxes | 2,346 | 1,823 | 7,161 | 4,072 | |||||||||||
| Income tax expense | 465 | 369 | 1,431 | 802 | |||||||||||
| Net Income | $ | 1,881 | $ | 1,454 | $ | 5,730 | $ | 3,270 | |||||||
| Weighted average shares outstanding - basic (1) | 4,740,657 | 4,773,380 | 4,750,235 | 4,776,523 | |||||||||||
| Weighted average shares outstanding - diluted (1) | 4,740,657 | 4,773,380 | 4,750,235 | 4,776,523 | |||||||||||
| Net income per common share - basic (1) | $ | 0.40 | $ | 0.30 | $ | 1.21 | $ | 0.68 | |||||||
| Net income per common share - diluted (1) | $ | 0.40 | $ | 0.30 | $ | 1.21 | $ | 0.68 | |||||||
(1) Shares and per share amounts for all periods have been adjusted to reflect a
FAQ
What were the earnings for BOTJ in Q3 2021?
How did BOTJ perform in the first nine months of 2021?
What is the current nonperforming loans ratio for BOTJ?
When is the dividend payment for BOTJ stockholders?
