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John Marshall Bancorp, Inc. (JMSB) is a prominent banking institution based in Reston, Virginia, providing a comprehensive range of financial products and services. Specializing in serving small to medium-sized businesses, professional corporations, non-profits, and individuals, John Marshall Bancorp is committed to offering tailored solutions to meet diverse financial needs.
The company operates five full-service branches located in Reston, Alexandria, Leesburg, Arlington, and Rockville, as well as a limited service commercial branch in Washington, D.C. These strategic locations enable the bank to serve the local business communities and families effectively across the Washington, D.C. metropolitan area.
John Marshall Bancorp's core services include commercial checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, and a variety of loans. Specifically, the bank offers commercial and industrial loans, commercial real estate loans, residential and commercial construction, and development loans. Additionally, the company leverages technology to provide online banking and mobile banking services, ensuring customers have convenient access to their accounts and financial tools.
The bank's dedicated team of business bankers works closely with clients to develop customized banking solutions. From merchant processing to tailored loan products, John Marshall Bancorp aims to help businesses grow and succeed by simplifying financial management and providing strategic support.
With a focus on innovation and customer service, John Marshall Bancorp is poised for continued growth and is a key player in the financial services industry in the region. The company's recent achievements and ongoing projects reflect a commitment to meeting the evolving needs of its clientele through advanced technology and personalized service.
Stay updated with the latest news and developments concerning John Marshall Bancorp, Inc. Common Stock (JMSB) as we continue to enhance our service offerings and support our community's financial well-being.
John Marshall Bank (JMB) has announced a definitive agreement with LendUX, a new SBA 7(a) loan processing platform, aimed at enhancing access to financing for small business customers. This partnership marks JMB's fourth fintech collaboration, focusing on leveraging technology for streamlined loan processing. Following the success of processing over 1,096 Paycheck Protection Program (PPP) applications, JMB adapts its efficiency to SBA loans. JMB continues to pursue fintech partnerships to improve customer experiences and operational efficiencies.
John Marshall Bancorp, Inc. (OTCQB: JMSB) reported robust financial results for the year ended December 31, 2021. Total assets increased by 14.0% to $2.15 billion, with gross loans growing 10.4% and total deposits rising 14.7%. The company achieved a 57.1% rise in net income, reaching $7.5 million for Q4, and a 37.4% increase for the year, totaling $25.5 million. Notably, it marks the twelfth consecutive quarter of record earnings. The bank maintained a strong credit quality, with no non-performing loans and a 1.25% return on average assets for the year.
John Marshall Bancorp, Inc. has applied to list its common stock on the Nasdaq Capital Market. The Company believes it meets all necessary financial and governance standards. A registration statement will be filed with the SEC in Q1 2022 to comply with the Securities Exchange Act of 1934. The application aims to enhance access to capital, increase trading volume, and improve strategic options for shareholders. Currently, shares are traded on the OTCQB Market.
John Marshall Bank has appointed Alice Williams as its new SVP, Commercial Lender. With 39 years of commercial banking experience, Alice previously served as the SVP, Market President at Truist Bank, managing clients with annual revenues up to
John Marshall Bancorp (OTCQB: JMSB) reported Q3 2021 financial results with total assets rising 12.5% year-over-year to $2.10 billion. Gross loans increased 10.3% and total deposits grew 13.3% compared to the previous year. The company achieved record net income of $6.8 million for Q3, up 45.0%, and $17.9 million for the nine months, up 30.5%. The annualized ROAA was 1.30% and ROAE was 13.35%. Operating leverage improved, with revenues at $16.5 million. The company maintained a solid capital position and no non-performing loans for eight consecutive quarters, indicating strong asset quality.
John Marshall Bancorp, Inc. (OTCQB: JMSB) will present at the 2021 Raymond James U.S. Bank Conference on September 8, 2021. The Company has arranged ten virtual one-on-one meetings with institutional bank stock analysts and investors. The presentation for these meetings will be publicly accessible on September 8 via their investor relations website. John Marshall Bank, a community bank based in Reston, Virginia, serves the Washington DC Metro area, providing tailored banking solutions and services.
John Marshall Bancorp (OTCQB: JMSB) has initiated a stock repurchase program, allowing the buyback of up to 675,000 shares, approximately 5% of its total outstanding shares. The decision reflects the company's ten consecutive quarters of record earnings, with management believing the stock price does not currently reflect this performance. The program is set to expire by August 31, 2022, and will enhance liquidity while potentially increasing earnings per share. Repurchased shares will be cancelled, reverting to authorized but unissued status.
John Marshall Bancorp, Inc. (OTCQB: JMSB) reported strong financial results for Q2 2021, marking its tenth consecutive quarter of record earnings. Net income rose 33.3% to $6.1 million, with EPS reaching $0.44. For the first half of 2021, net income was $11.2 million, a 23.1% increase. Total assets grew 14.6% year-over-year, totaling $2.07 billion, while gross loans increased by 3.3%. The bank maintained a pristine asset quality with no non-performing loans. The net interest margin increased to 3.31%.
John Marshall Bank has appointed Jennifer Ferrara as the new Business Development Officer for the Alexandria region. With over 30 years of banking experience, Jennifer previously served as Vice President at M&T, where she excelled in managing business banking relationships. She is a graduate of Marymount University and has held leadership roles in various local organizations, enhancing her community presence. This strategic appointment aims to strengthen the bank's regional operations and customer relations.
John Marshall Bank has appointed Mike Bell as the new Chief Accounting Officer. Previously, Bell was a Senior Manager at Ernst & Young, where he provided strategic consulting and audit services in the banking sector. He holds multiple degrees from Virginia Tech and is a Certified Public Accountant. Bell expressed enthusiasm about supporting JMB's financial operations amid its growth strategy, emphasizing the Bank's strong balance sheet. According to CFO Kent Carstater, Bell's expertise will be crucial for the Bank's future success.
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