Bank of the James' Q3 profit rises on higher interest income

Bank of James Financial group

30/10/2026 16:11

Overview
US commercial bank's Q3 net income rose yr/yr, EPS increased to $0.73
Earnings growth driven by higher net interest and noninterest income
Board approved 50% increase in quarterly dividend to $0.15 per share

Outlook
Company did not provide specific guidance for future quarters or full-year results in the press release

Result Drivers
NET INTEREST INCOME - Higher net interest income and improved net interest margin, supported by lower deposit costs, drove results
NONINTEREST INCOME - Modest increase in noninterest income, with growth in wealth management fees
LOAN AND DEPOSIT GROWTH - Record levels in loan and deposit portfolios contributed to quarterly performance

Company press release: ID:nGNX40yRQH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$3.32 mln
 
Q3 Net Interest Income
 
$9.72 mln
 
Q3 Basic EPS
 
$0.73
 
Q3 Net Interest Margin
 
3.81%
 
Q3 Pretax Profit
 
$4.17 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)