John Marshall Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 24, 2024 at 09:01 am
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John Marshall Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 12.03 million compared to USD 17.51 million a year ago. Net income was USD 4.5 million compared to USD 8.2 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.58 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.58 a year ago.
For the full year, net interest income was USD 50.48 million compared to USD 70.42 million a year ago. Net income was USD 5.16 million compared to USD 31.8 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 2.27 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 2.25 a year ago.
John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank (the Bank). The Bank primarily serves small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals with a range of banking products and financial services. Its products and services include commercial checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, commercial and industrial loans, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. It has approximately eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, D.C., with one loan production office in Arlington, Virginia. It is also providing personalized service and convenience to local businesses and professionals in the Washington, D.C. metropolitan area.