Bank of the James Financial Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 21, 2023 at 12:00 pm
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Bank of the James Financial Group, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 7.64 million compared to USD 6.39 million a year ago. Net income was USD 1.98 million compared to USD 2.14 million a year ago.
Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.45 a year ago.
Bank of the James (the Bank) is a full-service commercial and retail bank. The Bank is a wholly owned subsidiary of Bank of the James Financial Group, Inc. The Bank is engaged in a general retail and commercial banking business. The Bankâs services include personal, business and online banking, loans, and investments. The Bank serves individuals, small and medium-sized businesses and professionals of the Central Virginia area from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. It also provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. It also provides investment advisory services through its wholly owned subsidiary, Pettyjohn, Wood & White, Inc.