Bank of the James Q1 FY26 net income more than doubled to $2.77 million

Bank Of The James Financial

Bank Of The James Financial

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  • Bank of the James Financial Group posted net income of $2.77 million for quarter ended March 31, 2026, more than tripling from year-ago levels; EPS rose to $0.61.
  • Net interest income climbed 13.2% to $8.73 million, while net interest margin widened 32 basis points to 3.57%.
  • Credit costs swung to a $146,000 recovery from a provision in the prior-year quarter, while nonperforming loans fell to $1.45 million.
  • Noninterest income rose 20.8% to $3.96 million, led by mortgage loan sale gains of $1.2 million, while noninterest expense slipped 4.7% to $9.37 million.
  • Total assets increased 2.13% to $1.06 billion and deposits grew 2.07% to $956.55 million, while loans eased 1.85% to $655.33 million.


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