BANK OF THE JAMES FINANCIAL GROUP INC BOTJ
Bank of the James Financial Group, Inc. ("Financial" or the "Company") is a bank holding company headquartered in Lynchburg, Virginia. Financial was incorporated on October 3, 2003 to serve as the bank holding company for Bank of the James (the "Bank" or "Bank of the James") and acquired all of the outstanding shares of the Bank in a statutory share exchange on a one-for-one basis effective January 1, 2004.
The Bank is a Virginia banking corporation headquartered in Lynchburg, Virginia. It was incorporated under the laws of the Commonwealth of Virginia as a state-chartered bank in 1998 and began banking operations in July 1999. The Bank engages in general retail and commercial banking activities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3M | $4.0M | $3.9M | $3.6M | $2.5M | $2.0M | $1.8M | $1.9M | $1.8M | $21.6M |
| Interest expense | $32.8M | $29.2M | $29.7M | $2.1M | $2.1M | $4.5M | $5.3M | $3.8M | $3.0M | $2.3M |
| Pre-tax income | $11.1M | $9.9M | $10.3M | $11.1M | $9.5M | $6.2M | $6.9M | $6.6M | $5.4M | $4.8M |
| Income tax | $2.1M | $2.0M | $1.6M | $2.2M | $1.9M | $1.2M | $1.3M | $1.3M | $2.4M | $1.5M |
| Net income | $9.0M | $7.9M | $8.7M | $9.0M | $7.6M | $5.0M | $5.6M | $5.3M | $2.9M | $3.3M |
| EPS, basic | 1.99 | 1.75 | 1.91 | 1.91 | 1.60 | 1.04 | 1.28 | 1.21 | 0.67 | 0.75 |
| EPS, diluted | 1.99 | 1.75 | 1.91 | 1.91 | 1.60 | 1.04 | 1.28 | 1.21 | 0.67 | 0.75 |
| Shares, diluted (wtd. avg.) | $4.5M | $4.5M | $4.6M | $4.7M | $4.7M | $4.8M | $4.4M | $4.4M | $4.4M | $4.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $84.5M | $73.3M | $74.8M | $61.8M | $183.2M | $100.9M | $39.1M | $50.3M | $37.0M | $28.7M |
| Property, plant and equipment | $19.1M | $19.3M | $18.1M | $18.0M | $18.4M | $17.0M | $16.7M | $13.4M | $12.1M | $10.9M |
| Goodwill | $2.1M | $2.1M | $2.1M | $2.1M | $3.0M | — | — | — | — | — |
| Other intangibles | $6.2M | $6.7M | $7.3M | $7.8M | $8.4M | — | — | — | — | — |
| Total assets | $1.04B | $979.2M | $969.4M | $928.6M | $987.6M | $851.4M | $725.4M | $674.9M | $626.3M | $574.2M |
| Total liabilities | $959.0M | $914.4M | $909.3M | $878.3M | $918.2M | $784.7M | $663.9M | $619.8M | $574.7M | $524.8M |
| Retained earnings | $50.0M | $42.8M | $36.7M | $31.0M | $23.4M | $24.7M | $20.9M | $16.5M | $12.3M | $10.2M |
| Total equity | $80.0M | $64.9M | $60.0M | $50.2M | $69.4M | $66.7M | $61.4M | $55.1M | $51.7M | $49.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.7M | $8.5M | $9.5M | $9.3M | $16.3M | $5.2M | $5.6M | $8.6M | $6.7M | $2.8M |
| Depreciation and amortisation | $1.3M | $1.4M | $1.4M | $2.0M | $2.1M | $2.0M | $1.7M | $930.0K | $811.0K | $767.0K |
| Stock-based compensation | — | — | — | — | $106.0K | $106.0K | $106.0K | — | — | — |
| Capital expenditure | $1.2M | $2.5M | $1.6M | $1.2M | $2.9M | $1.8M | $4.4M | $2.3M | $1.9M | $1.7M |
| Investing cash flow | -$42.4M | -$11.2M | -$23.3M | -$88.1M | -$65.0M | -$62.1M | -$52.5M | -$38.8M | -$46.7M | -$47.2M |
| Financing cash flow | $41.9M | $1.1M | $26.9M | -$42.6M | $130.9M | $118.6M | $35.7M | $43.5M | $48.3M | $44.5M |
| Dividends paid | $1.8M | $1.8M | $1.5M | $1.4M | $1.3M | $1.2M | $1.2M | $1.1M | $1.1M | $1.1M |
| Buybacks | — | — | $997.0K | $1.4M | $427.0K | $275.0K | $315.0K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001275101-26-000013.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |