John Marshall Bancorp, Inc. Reports 3rd Quarter Net Income Increases 39.5% Versus Year Ago Quarter - Funding, Asset Quality, and Capital Position Company for Anticipated Growth
Key Highlights
- ➤Net income $7.5M, up 39.5% year over year; diluted EPS rose to $0.53
- ➤All-stock Eagle merger projects combined entity at approximately $4.3B assets
- ➤Core net income $7.8M, up 22.7% sequentially excluding non-recurring items
- ➤Core deposits increased $83.3M, or 19.8% annualized, during the quarter
- ➤Efficiency ratio improved to 48.1% from 55.6% year over year
Expert Statements
Chris Bergstrom, President and Chief Executive Officer of John Marshall Bancorp, Inc.
“The Company continues to deliver strong, accelerating financial results quarter after quarter. This past quarter marked the ninth consecutive quarter of increased net income and earnings per diluted common share, including a 23% increase in both core net income and core earnings per diluted common share over the second quarter of 2026. Furthermore, we increased our core returns on assets and equity to their highest levels in nearly four years at 1.27% and 11.15%, respectively. As a continued expression of the soundness of our balance sheet and confidence in the outlook for our financial performance, the Board of Directors, once again, declared a quarterly cash dividend of $0.10 per common share. That marks a total of $0.38 per common share throughout 2026, a 27% increase over 2025. Asset quality remains exemplary and the Bank is very well-capitalized. As such, we believe that we are well-positioned to grow the balance sheet, profits and shareholder value.”
John Marshall Bancorp, Inc. Reports 3(rd) Quarter Net Income Increases 39.5% Versus Year Ago Quarter - Funding, Asset Quality, and Capital Position Company for Anticipated Growth
John Marshall Bancorp, Inc. (Nasdaq: JMSB) (the “Company”), parent company of John Marshall Bank (the “Bank”), reported net income of $7.5 million for the quarter ended September 30, 2026, compared to $5.4 million for the quarter ended September 30, 2025, an increase of $2.1 million or 39.5%. Diluted earnings per common share were $0.53 for the quarter ended September 30, 2026, compared to $0.38 for the quarter ended September 30, 2025, also an increase of 39.5%. Annualized return on average assets (“ROAA”) was 1.23% for the quarter ended September 30, 2026, compared to 0.94% for the quarter ended September 30, 2025. Annualized return on average equity (“ROAE”) was 10.78% for the quarter ended September 30, 2026, compared to 8.31% for the quarter ended September 30, 2025.
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