John Marshall Bancorp, Inc. JMSB
John Marshall Bancorp, Inc. was organized as a Virginia corporation in 2016 to serve as the holding company for John Marshall Bank. The Company and the Bank are each headquartered in Reston, Virginia (approximately 20 miles west of Washington, D.C.). The Company commenced operations as a bank holding company on March 1, 2017 following a reorganization transaction in which it became the Bank's holding company. This transaction was treated as an internal reorganization as all shareholders of the Bank became shareholders of the Company. As a bank holding company, the Company is subject to regulation and supervision by the Federal Reserve. The Company has no material operations other than its sole ownership of the Bank. The Bank is a Virginia chartered commercial bank that commenced operations in 2006. The Bank is supervised and regulated by the Federal Reserve and the Bureau of Financial Institutions of the Virginia State Corporation Commission (the "Virginia BFI").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $113.3M | $110.1M | $100.8M | $84.1M | $74.1M | — |
| Interest expense | $60.6M | $51.0M | $50.5M | $13.6M | $8.2M | — |
| Pre-tax income | $27.4M | $21.9M | $8.0M | $40.1M | $32.3M | — |
| Income tax | $6.2M | $4.8M | $2.8M | $8.3M | $6.8M | — |
| Net income | $21.2M | $17.1M | $5.2M | $31.8M | $25.5M | — |
| EPS, basic | 1.49 | 1.20 | 0.37 | 2.27 | 1.87 | — |
| EPS, diluted | 1.49 | 1.20 | 0.36 | 2.25 | 1.83 | — |
| Shares, diluted (wtd. avg.) | $14.2M | $14.2M | $14.1M | $14.1M | $13.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $130.0M | $122.5M | $99.0M | $61.6M | $105.8M | $138.5M |
| Short-term investments | — | — | — | $357.6M | — | — |
| Property, plant and equipment | $1.3M | $1.3M | $1.3M | $1.2M | $1.6M | — |
| Total assets | $2.33B | $2.23B | $2.24B | $2.35B | $2.15B | — |
| Short-term debt | — | — | $54.0M | — | — | — |
| Long-term debt | $80.9M | $80.8M | $24.7M | $24.6M | $42.7M | — |
| Total liabilities | $2.07B | $1.99B | $2.01B | $2.14B | $1.94B | — |
| Retained earnings | $176.9M | $160.0M | $146.4M | $146.6M | $117.6M | — |
| Total equity | $265.6M | $246.6M | $229.9M | $212.8M | $208.5M | $186.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $22.6M | $17.3M | $18.0M | $33.2M | $32.4M | — |
| Depreciation and amortisation | $507.0K | $447.0K | $484.0K | $557.0K | $814.0K | — |
| Stock-based compensation | $527.0K | $555.0K | $596.0K | $573.0K | $560.0K | — |
| Capital expenditure | $554.0K | $483.0K | $612.0K | $156.0K | $353.0K | — |
| Investing cash flow | -$88.7M | $31.0M | $144.8M | -$270.9M | -$303.0M | — |
| Financing cash flow | $73.6M | -$24.8M | -$125.4M | $193.5M | $238.0M | — |
| Dividends paid | $4.3M | $3.6M | $3.1M | $2.8M | — | — |
| Buybacks | $2.4M | $49.0K | — | — | — | — |
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 0001104659-26-027378.
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% |