JMSB earnings analysis
What we found in JMSB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
John Marshall Bancorp, Inc. (JMSB) reported strong Q1 2026 results with revenue of $16.79 million and EPS of $0.43, exceeding estimates and showing significant growth from the previous year. Revenue increased by 15% year-over-year, while EPS rose by 26.5%, underpinned by a solid performance in net interest income despite some declines in non-interest income.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 Revenue Growth of 15% YoY
- Revenue reached $16.79 million, increasing from $14.61 million in Q1 2025.
- EPS Surrounded Consensus by 7.5%
- Reported EPS was $0.43 compared to $0.34 a year earlier, a 26.5% increase.
- Gross Margin Improvement to 55.3%
- Gross margin improved from 50.7% to 55.3% compared to Q1 2025.
- Operating Income Growth to $7.85 Million
- Operating income rose by 26.8% to $7.85 million from $6.18 million in Q1 2025.
- Decrease in Provision for Credit Losses
- Provision for credit losses was just $23,000, down significantly from $170,000 a year earlier.
- Strong Net Interest Income of $16.51 Million
- Net interest income increased by 17.1%, driven by lower costs of interest-bearing deposits.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Non-Interest Income
- Non-interest income decreased by $221 thousand or 43.8% compared to Q1 2025.
- Flat Loan Growth Amid Market Conditions
- Gross loans fell slightly by $1.6 million since December 2025.
- Increased Operating Expenses
- Non-interest expenses rose by 8.2% to $8.92 million from $8.25 million in the previous year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.43
- Gross margin
- 55.3%
- Operating margin
- 46.8%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · March 13, 2026
- John Marshall Bancorp (JMSB) reports accelerating profitability: net income for the twelve months ended December 31, 2025 was $21.2 million, a 24.0% increase vs. 2024, driven by disciplined commercial lending and…
- 10-Q · November 14, 2025
- John Marshall Bancorp reported stronger quarter-over-quarter and year-over-year profitability with net income of $5,404 (in thousands) and diluted EPS of $0.38 for the three months ended September 30, 2025, up from…
- 10-Q · August 12, 2025
- John Marshall Bancorp, Inc. reported a solid Q2 2025 performance with net income reaching $5.103 million and earnings per share (EPS) of $0.36, up from $3.905 million and $0.27 in Q2 2024. Revenue remained flat at…
- 10-Q · November 13, 2024
- John Marshall Bancorp reported Q3 2024 net income of $4,235 (thousands) and diluted EPS of $0.30, reversing a loss of $(10,137) in Q3 2023. Results were driven by higher net interest income of $13,156 (up from $11,979)…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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