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JMSB

John Marshall Bancorp, Inc.

JMSB

John Marshall Bancorp, Inc. • NASDAQ
$20.00 ▲ 0.10% (+0.02)
Market Cap $284.77 M
52w High $23.46
52w Low $13.81
Dividend Yield 0.30%
P/E 14.29
Volume 6.89K
Outstanding Shares 14.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $1.1K ▲ $0 ▼
Q2-2025 $28.35M ▲ $8.313M ▲ $5.103M ▲ 18% ▲ $0.36 ▲ $6.792M ▲
Q1-2025 $27.81M ▼ $8.248M ▲ $4.81M ▲ 17.296% ▲ $0.34 $6.569M ▲
Q4-2024 $28.276M ▼ $7.946M ▼ $4.777M ▲ 16.894% ▲ $0.34 ▲ $6.563M ▲
Q3-2024 $29.045M $8.031M $4.235M 14.581% $0.3 $5.735M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $83M ▼ $280M ▼ $60M ▼ $220M ▼
Q2-2025 $190.524M ▼ $2.268B ▼ $2.014B ▼ $253.732M ▲
Q1-2025 $244.329M ▲ $2.272B ▲ $2.019B ▲ $252.958M ▲
Q4-2024 $143.267M ▼ $2.235B ▼ $1.988B ▼ $246.614M ▲
Q3-2024 $321.876M $2.274B $2.031B $243.118M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.404M ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $5.103M ▲ $7.534M ▲ $-45.671M ▼ $-13.997M ▼ $-52.134M ▼ $7.373M ▲
Q1-2025 $4.81M ▲ $6.959M ▲ $9.853M ▲ $29.779M ▲ $46.591M ▲ $6.617M ▲
Q4-2024 $4.776M ▲ $5.498M ▲ $-16.519M ▼ $-43.737M ▼ $-54.758M ▼ $5.246M ▲
Q3-2024 $4.235M $1.416M $-9.169M $2.375M $-5.378M $1.31M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Account Service Fees
Account Service Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Insurance Commissions
Insurance Commissions
 $0 ▲$0 ▲$0 ▲$0 ▲
Interchange income
Interchange income
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Charges and Fees
Other Charges and Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Operating Income
Other Operating Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Overdrawn Account Fees
Overdrawn Account Fees
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing a bank that has been able to expand its business base. Profitability dipped in the middle of the period, suggesting some pressure on margins or higher costs, but has recovered more recently with earnings rebounding. The swing in earnings per share, especially the weaker year before the latest one, points to some volatility in performance, likely tied to the interest rate and credit environment rather than a broken business model. Overall, the income statement shows a profitable regional bank with generally improving revenues but earnings that can fluctuate from year to year.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets have risen over time and then leveled off, indicating measured growth rather than aggressive expansion. Cash balances move around but remain meaningful, giving the bank flexibility and a cushion. Debt levels are relatively modest compared with the size of the balance sheet, while equity has built up steadily, which supports the view of a well‑capitalized institution. The overall picture is of a bank that is not overleveraged and has preserved balance sheet strength as it grows.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, which is important for any bank and suggests that core lending and deposit activities are generating cash rather than consuming it. Free cash flow tracks very closely with operating cash flow, reflecting limited spending on traditional capital expenditures and a business that does not require heavy investment in physical assets to grow. This pattern points to a relatively cash‑generative model, giving management room to support lending growth, absorb shocks, and fund dividends or buybacks when appropriate, as long as credit quality holds up.

Competitive Edge

Competitive Edge JMSB competes as a focused community and commercial bank in the Washington, D.C. metro area, targeting government contractors, nonprofits, real estate players, and other specialized segments. Its edge comes from deep local knowledge, tailored lending structures, and relationship managers who understand the nuances of these clients. On top of that, it offers treasury and cash‑management capabilities that look more like those of a larger bank. The main competitive risks are its concentration in one region and a few industries, plus ongoing competition from national banks and fintechs that can undercut on price or digital convenience if JMSB doesn’t keep pace.

Innovation and R&D

Innovation and R&D The bank’s innovation is practical rather than flashy. It leans on modern digital tools—such as an escrow management platform, strong online and mobile business banking, accounting integrations, and early use of real‑time payment rails—to make life easier for busy commercial clients. Instead of building lots of proprietary technology, it integrates available systems and wraps them in high‑touch service. Planned enhancements in real‑time payments and recent leadership hires focused on deposits signal a continued push to upgrade capabilities. The trade‑off is that its moat comes more from execution and relationships than from unique technology that rivals cannot copy.

Summary

JMSB looks like a disciplined, niche‑focused regional bank: revenues have grown, earnings have recovered after a softer period, and the balance sheet appears conservatively managed with rising equity and manageable debt. Cash generation is steady, and the business does not rely on heavy capital spending. Strategically, the bank leans into specific client types in the D.C. region and combines that specialization with solid digital tools and hands‑on service, which can support loyalty and pricing power. The main things to watch are credit conditions in its targeted sectors, the health of the local economy, interest rate shifts that affect margins, and its ability to keep investing in technology and deposits so that it can compete effectively with much larger players over time.

NEWS

October 29, 2025 · 9:00 AM UTC

John Marshall Bancorp, Inc. Reports Continuing Strong Momentum and Growth in Margin, Core Deposits and Loan Demand Drives 28% Increase in Net Income. Asset Quality Remains Pristine.

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