Bank of the James Announces Second Quarter of 2026 and First Half of 2026 Financial Results and Declaration of Dividend
Bank of the James reported Q2 2026 net income of $3.24 million, or $0.71 per share, up 20% and 18% year-over-year respectively, driven by higher net interest income and noninterest income. First-half net income jumped 70% to $6.01 million, representing record results for the company. Operational efficiency improved markedly, with the efficiency ratio dropping to 67.82% from 76.71% in the prior year, while the net interest margin expanded to 3.71%. Total assets reached $1.041 billion and nonperforming loans decreased to $1.09 million.
Key figures
- Eps
- 0.71
- Net income
- $3.24 million
- Total assets
- $1.041 billion
- Efficiency ratio
- 67.82%
- Dividend per share
- $0.10
- Net interest income
- $8.90 million
- Net interest margin
- 3.71%
AI analysis
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