John Marshall Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 09:00 am
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John Marshall Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 11.98 million compared to USD 17.69 million a year ago. Net loss was USD 10.14 million compared to net income of USD 8.05 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to basic earnings per share from continuing operations of USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.72 compared to diluted earnings per share from continuing operations of USD 0.57 a year ago.
For the nine months, net interest income was USD 38.46 million compared to USD 52.92 million a year ago. Net income was USD 0.656 million compared to USD 23.6 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 1.67 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.
JOHN MARSHALL BANCORP, INC. 