John Marshall - JMSB STOCK NEWS

John Marshall Bancorp, Inc. (NASDAQ: JMSB) announced the passing of founding director Ronald J. Gordon on February 21, 2023. Gordon, who had been on the bank's board since 2006, played a crucial role in the company's growth, helping it reach $2.35 billion in assets and achieve four consecutive years of record earnings. He was also notable for founding ZGS Communications and for his ownership of Hibernian F.C., a Scottish soccer team. CEO Christopher Bergstrom praised Gordon's leadership and influence on the company culture. The bank, headquartered in Reston, Virginia, offers banking services in the Washington D.C. Metro area.

John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (JMSB), has appointed Melanie Williams as Senior Vice President and Director of Human Resources. With over 14 years of HR experience, Williams previously held a similar position at the Harbor Bank of Maryland. She will oversee the bank’s HR strategies, focusing on compensation, benefits, diversity, and talent development. The bank, headquartered in Reston, Virginia, has assets totaling $2.35 billion and aims to provide exceptional service to local businesses and professionals in the Washington D.C. Metro area.

John Marshall Bank (JMB), a subsidiary of John Marshall Bancorp, Inc. (JMSB), has appointed Tamoor Ijaz as Vice President, Commercial Lender in the Arlington Region. Mr. Ijaz, with nearly a decade of commercial lending experience, will focus on Commercial and Industrial loans while pursuing new deposit business development opportunities. Previously, he worked as a Senior Commercial Relationship Manager at Fulton Bank, where he gained valuable leadership and business development skills. Jason McDonough, Chief Lending Officer, highlighted that Mr. Ijaz's hiring reflects the Bank's commitment to attracting relationship-driven market leaders to support ongoing growth.

John Marshall Bancorp, Inc. (Nasdaq: JMSB) announced record earnings for Q4 2022, reporting net income of $8.2 million, marking an 8.7% increase from Q4 2021. For the year, net income reached $31.8 million, a 24.9% rise compared to 2021. Earnings per share for Q4 were $0.58, with a year-end EPS of $2.25, both showing substantial growth. Core loan growth was robust at 11.9% YoY, with total assets increasing to $2.35 billion. The Bank maintained no non-performing loans and strong capital ratios. While the company faced potential challenges from rising deposit costs and a possible recession, it remains confident in its business model and asset quality.

John Marshall Bank has received two Lenders Awards from the Business Finance Group, recognizing its significant achievements in commercial lending. Senior Vice President Pam De Candio received the award for being the top referring individual lender, while the Bank was acknowledged as the second leading referral source. With over 28 years of experience, De Candio's dedication has contributed to the Bank's success in supporting local businesses across Virginia, Maryland, West Virginia, and Washington, D.C. The awards highlight the Bank's commitment to providing tailored financial solutions and fostering community development.

John Marshall Bank's Executive Vice President and Chief Lending Officer, Jason R. McDonough, received the President’s Award from HomeAid National Capital Region for his commitment to ending homelessness. This accolade was presented during their Annual Gala and Auction. McDonough has been part of HomeAid's board for nine years and has played a key role in expanding services throughout the DC Metro area. John Marshall Bancorp, Inc. operates with $2.31 billion in assets and is dedicated to personalized banking services for local businesses.

John Marshall Bancorp (JMSB) reported a net income of $8.0 million ($0.57 per diluted share) for Q3 2022, a 19.0% increase from $6.8 million in Q3 2021. This marks the fifteenth consecutive quarter of record earnings, supported by strong loan growth of 12.8% year-over-year and a 10.0% revenue increase. Core deposits also grew by 15.4%. The Company's efficiency ratio improved to 43.9%. Notably, total assets rose to $2.31 billion, with no non-performing loans reported. The results reflect effective management and growth strategies amidst rising interest rates.

John Marshall Bank, a subsidiary of John Marshall Bancorp, Inc. (NASDAQ: JMSB), announces the appointment of Devika Wimalkantha as Vice President, Sales & Service Officer. With over 19 years in the banking sector and prior experience as a Market Leader for Truist, Wimalkantha will enhance the Bank's business development efforts. Sheila Yosufy, EVP, highlighted her proven leadership and commitment to customer acquisition. John Marshall Bank, headquartered in Reston, Virginia, has eight branches and focuses on providing comprehensive banking services to local businesses.

John Marshall Bancorp, Inc. (Nasdaq: JMSB) reported record net income of $7.9 million ($0.56 per diluted share) for Q2 2022, a 29.7% increase from $6.1 million in Q2 2021. The company achieved its 14th consecutive quarter of record earnings, supported by a 13.7% growth in core loans year-over-year. Total assets rose to $2.32 billion, up 12.1% from last year. Key ratios include a 1.41% return on average assets and 15.28% return on average equity. The Bank maintains a strong balance sheet with no non-performing loans, indicating robust asset quality.