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
John Marshall Bancorp reported Q3 2026 net income of $7.5 million, up 39.5% from $5.4 million a year ago, with diluted EPS of $0.53 versus $0.38 and its ninth consecutive quarter of earnings growth. Net interest income rose 14.0% YoY to $17.8 million as NIM expanded 19 bps to 2.91%, while deposits grew 14.2% annualized and the efficiency ratio improved to 48.1% from 55.6%. Core (non-GAAP) net income was $7.8 million, up 44.4% YoY after adjusting for $332 thousand of Eagle merger expenses.
Key figures
- Eps
- 0.53
- Revenue
- $18.1 million total revenues (net interest income of $17.8 million)
- Guidance
- No forward guidance provided; dividend of $0.10 per share declared payable December 2, 2026
- Roaa
- 1.23% vs 0.94% year-ago
- Roae
- 10.78% vs 8.31% year-ago
- Net income
- $7.5 million Q3 2026 vs $5.4 million year-ago quarter (+39.5%)
- Total loans
- $2.01 billion, +3.8% YoY
- Total assets
- $2.44 billion
- Net income yoy
- 39.5%
- Total deposits
- $2.06 billion, +14.2% annualized in the quarter
- Efficiency ratio
- 48.1% vs 55.6% year-ago
- Core eps non gaap
- 0.55
- Net interest income
- $17.8 million, +14.0% YoY
- Net interest margin
- 2.91% vs 2.72% year-ago
- Book value per share
- $19.64, +7.5% YoY
- Core net income non gaap
- $7.8 million, +22.7% linked-quarter, +44.4% YoY
- Combined pro forma assets
- approximately $4.3 billion (pending Eagle merger)
- Total risk based capital ratio
- 17.1%
AI analysis
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