Bank of the James Financial Group, Inc. (BOTJ) reported a significant first-quarter 2026 net income of $2.77 million, a 229.45% increase from $842,000 in the same period last year. The company’s earnings per share rose to 61 cents, up from 19 cents. Total revenues grew 15.40% year over year to $12.69 million, driven by a 13.15% increase in net interest income to $8.73 million and a 20.74% rise in non-interest income to $3.96 million.
The bank’s total assets reached $1.06 billion, a 4.89% year-over-year increase, while deposits rose 4.92% to $956.55 million. The net interest margin improved to 3.57% from 3.25%, and non-performing loans decreased to $1.45 million, representing 0.22% of total loans. The company also declared a quarterly cash dividend of 10 cents per share, payable in June 2026 to shareholders of record as of May 22, 2026.
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