John Marshall Bancorp, Inc. - JMSB STOCK NEWS

John Marshall Bancorp (Nasdaq: JMSB) reported net income of $4.2 million ($0.30 per diluted share) for Q3 2024, up from $3.9 million in Q2 2024. Key highlights include: 11.1% increase in diluted earnings per share, 11 basis points increase in net interest margin, and $40.0 million growth in core customer funding. The company maintained pristine asset quality with no non-performing loans for the twentieth consecutive quarter. Total assets were $2.27 billion with total loans of $1.84 billion. Book value per share increased 9.4% year-over-year to $17.07.

John Marshall Bank (JMB), a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has hired Rodney Francisque as Vice President, Branch Manager of its Alexandria Branch. Francisque brings over 24 years of bank leadership and customer relationship development experience to the role. He previously served as a Branch Leader for Truist Bank in the Greater Washington DC area.

Kelly J. Bell, EVP, Chief Operating Officer, stated that Francisque's client-centric focus aligns with the Bank's values, and his proven sales and results-driven experience adds to the caliber of the Bank's leadership. Francisque is bilingual in French and English and holds an associate's degree in business administration from Concordia University in Montreal, Canada.

John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has announced the hiring of Robbie Hancock as Vice President, Commercial Real Estate Lender. Hancock will focus on developing commercial real estate relationships in Alexandria and throughout the DC Metro area. With over 13 years of banking experience, including 10 years in commercial real estate lending, Hancock brings expertise and a proven track record to the role.

Previously serving as Vice President, Commercial Lender for Founders Bank in Washington DC, Hancock's knowledge of the DC Metro Area real estate market is expected to advance the Bank's growing commercial real estate efforts. Jason R. McDonough, EVP, Chief Lending Officer, expressed excitement about Hancock joining the team, citing his dedication to customers and wide-reaching knowledge of commercial real estate lending across the Bank's markets.

John Marshall Bancorp (Nasdaq: JMSB) reported a net income of $3.9 million ($0.27 per share) for Q2 2024 and $8.1 million ($0.57 per share) for H1 2024. Pre-tax, pre-provision earnings were $4.7 million for Q2 2024. Key highlights include:

• Margin Expansion: Nine basis point increase in net interest margin compared to Q1 2024.
• Net Interest Income Growth: 11.5% annualized growth in Q2 2024.
• Core Deposit Growth: $32.5 million increase in non-interest-bearing deposits.
• Pristine Asset Quality: Nineteenth consecutive quarter with no non-performing loans or charge-offs.
• Loan Portfolio: High-quality with strong debt service coverage ratios.
• Liquidity: Highly liquid with $796.0 million in liquidity as of June 30, 2024.

However, net income decreased by $0.6 million compared to Q2 2023. Total assets were $2.27 billion, with total loans increased by $57.4 million compared to June 2023. Shareholders’ equity increased by 7.5% year-over-year to $235.3 million. The company's capital ratios remain well above regulatory thresholds.

John Marshall Bank (Nasdaq: JMSB) has appointed Kathryn R. Speakman as Senior Vice President, Commercial Lender for its Alexandria and Washington DC markets. Ms. Speakman brings over 27 years of experience in commercial lending, having previously served as Vice President, Commercial Lending Officer at National Capital Bank. Her expertise includes developing significant loan and deposit relationships and managing extensive commercial loan portfolios. This strategic hire aims to bolster the Bank's growth in these key markets, emphasizing a relationship-centric approach to banking. Ms. Speakman holds a B.Sc. in Finance from The American University and is actively involved in community organizations.

John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), has hired Ross A. Berman as the Senior Vice President, Commercial Team Lead in the Rockville Market. With over 21 years of experience as a community banker, Berman will lead commercial sales and business development efforts in the DC Metro area. His diverse industry lending experience will enhance the Bank's presence in the region. Berman's educational background and community involvement further highlight his fit for this role.

John Marshall Bancorp, Inc. (Nasdaq: JMSB) announced an annual cash dividend of $0.25 per share, reflecting a 13.6% increase over 2023. The dividend will amount to approximately $3.55 million in the third quarter of 2024. The company's President and CEO highlighted strong financial positions and increased dividend as a valuable return for shareholders.

John Marshall Bancorp, Inc. (JMSB) reported strong financial results for the first quarter of 2024 with a pristine asset quality, well-capitalized position, and a 13.6% annual cash dividend increase. The company showcased stable net interest margins, diversified revenue growth, and an expanding digital platform. Despite a slight decrease in total assets and deposits, the company maintained a highly liquid balance sheet and improved its deposit composition. The loan portfolio remained of high quality, and the company's capital ratios exceeded regulatory requirements.

John Marshall Bank (JMSB) announces the hiring of Sean Biehl as Vice President, Commercial Lender, bringing over 16 years of banking experience. Mr. Biehl's expertise will aid in fostering relationships and driving growth in Fairfax, Loudoun, and Prince William County markets.