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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. (Nasdaq: JMSB) ha annunciato un dividendo annuale in contanti di $0,25 per azione, con un incremento del 13,6% rispetto al 2023. Il dividendo ammonta a circa $3,55 milioni nel terzo trimestre del 2024. Il Presidente e CEO della società ha evidenziato una solida posizione finanziaria e un aumento del dividendo come un ritorno di valore per gli azionisti.
John Marshall Bancorp, Inc. (Nasdaq: JMSB) anunció un dividendo anual en efectivo de $0.25 por acción, reflejando un aumento del 13.6% sobre el año 2023. El dividendo ascenderá a aproximadamente $3.55 millones en el tercer trimestre de 2024. El presidente y director ejecutivo de la empresa destacó la sólida posición financiera y el aumento del dividendo como un retorno valioso para los accionistas.
John Marshall Bancorp, Inc. (나스닥: JMSB)는 주당 $0.25의 연간 현금 배당을 발표했습니다. 이는 2023년 대비 13.6% 증가한 수치입니다. 배당금은 2024년 3분기에 약 $3.55백만에 이를 것입니다. 회사의 대표이사는 강력한 재무 상태와 배당금 증가를 주주들에게 가치 있는 수익으로 강조했습니다.
John Marshall Bancorp, Inc. (Nasdaq : JMSB) a annoncé un dividende annuel en espèces de 0,25 $ par action, ce qui représente une augmentation de 13,6 % par rapport à 2023. Le dividende s'élèvera à environ 3,55 millions de dollars au troisième trimestre 2024. Le président et directeur général de la société a souligné la solide position financière et l'augmentation du dividende comme un rendement précieux pour les actionnaires.
John Marshall Bancorp, Inc. (Nasdaq: JMSB) kündigte eine jährliche Bardividende von $0,25 pro Aktie an, was einer Steigerung von 13,6% gegenüber 2023 entspricht. Die Dividende wird sich im dritten Quartal 2024 auf etwa $3,55 Millionen belaufen. Der Präsident und CEO des Unternehmens hob die starke finanzielle Position und die erhöhte Dividende als wertvolle Rückkehr für die Aktionäre hervor.
Positive
Annual cash dividend increased by 13.6% over 2023
25% increase compared to the initial cash dividend in 2022
Approximately $3.55 million in aggregate dividend payments in Q3 2024
Company's strong capital, asset quality, and liquidity positions highlighted
President and CEO emphasizes the increased dividend as a valuable return for shareholders
Negative
None.
RESTON, Va.--(BUSINESS WIRE)--
The Board of Directors of John Marshall Bancorp, Inc. (Nasdaq: JMSB) (the “Company”) declared an annual cash dividend of $0.25 per outstanding share of common stock on April 24, 2024, payable on July 8, 2024, to shareholders of record as of the close of business on June 28, 2024. This per share amount reflects a 13.6% increase over the annual cash dividend paid in 2023 and 25% increase over the initial cash dividend paid in 2022. The 2024 cash dividend will result in aggregate dividend payments of approximately $3.55 million to the Company’s shareholders in the third quarter of 2024.
Chris Bergstrom, President and CEO commented, “With our strong capital, pristine asset quality and sound liquidity positions maintained throughout 2023 and the first quarter of 2024, we are pleased to be able to increase our annual cash dividend for shareholders and provide a valuable return on their investments.”
About John Marshall Bancorp, Inc.
John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. The Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, D.C. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington D.C. Metro area. The Bank offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals. Dedicated Relationship Managers serve as direct points-of-contact, providing subject matter expertise in a variety of niche industries including Charter and Private Schools, Government Contractors, Health Services, Nonprofits and Associations, Professional Services, Property Management Companies and Title Companies. Learn more at www.johnmarshallbank.com.
In addition to historical information, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “will,” “should,” “may,” “view,” “opportunity,” “potential,” or similar expressions or expressions of confidence. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the Bank include, but are not limited to, the following: the concentration of our business in the Washington, D.C. metropolitan area and the effect of changes in the economic, political and environmental conditions on this market; adequacy of our allowance for loan credit losses; allowance for unfunded commitments credit losses, and allowance for credit losses associated with our held-to-maturity and available-for-sale securities portfolio; deterioration of our asset quality; future performance of our loan portfolio with respect to recently originated loans; the level of prepayments on loans and mortgage-backed securities; liquidity, interest rate and operational risks associated with our business; changes in our financial condition or results of operations that reduce capital; our ability to maintain existing deposit relationships or attract new deposit relationships; changes in consumer spending, borrowing and savings habits; inflation and changes in interest rates that may reduce our margins or reduce the fair value of financial instruments; changes in the monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; additional risks related to new lines of business, products, product enhancements or services; increased competition with other financial institutions and fintech companies; adverse changes in the securities markets; changes in the financial condition or future prospects of issuers of securities that we own; our ability to maintain an effective risk management framework; changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory structure and in regulatory fees and capital requirements; compliance with legislative or regulatory requirements; results of examination of us by our regulators, including the possibility that our regulators may require us to increase our allowance for credit losses or to write-down assets or take similar actions; potential claims, damages, and fines related to litigation or government actions; the effectiveness of our internal controls over financial reporting and our ability to remediate any future material weakness in our internal controls over financial reporting; geopolitical conditions, including acts or threats of terrorism and/or military conflicts, or actions taken by the U.S. or other governments in response to acts or threats of terrorism and/or military conflicts, negatively impacting business and economic conditions in the U.S. and abroad; the effects of weather-related or natural disasters, which may negatively affect our operations and/or our loan portfolio and increase our cost of conducting business; public health events (such as the COVID-19 pandemic), and of governmental and societal responses thereto; technological risks and developments, and cyber threats, attacks, or events; the additional requirements of being a public company; changes in accounting policies and practices; our ability to successfully capitalize on growth opportunities; our ability to retain key employees; deteriorating economic conditions, either nationally or in our market area, including higher unemployment and lower real estate values; implications of our status as a smaller reporting company and as an emerging growth company; and other factors discussed in the Company’s reports (such as our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
