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…
Earnings analysis · 10-Q
JMSB earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
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%…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.43
What stood out
-
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.
What to watch
-
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.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.