John Marshall Bancorp Q1 net income rises, dividend up 20%

John Marshall Bancorp

29/04/2026 13:42

Overview

U.S. community bank's Q1 net income rose 27% yr/yr, with EPS up 27%

Net interest income grew 17% and net interest margin expanded for eighth straight quarter

Company raised quarterly dividend 20% and repurchased 103,507 shares in Q1

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

NET INTEREST MARGIN - Margin expanded for the eighth consecutive quarter, driven by higher average loan balances, increased loan and securities yields, and lower rates on interest-bearing deposits

LOAN GROWTH - Loan balances rose $103.3 mln or 5.5% yr/yr, mainly from construction & development and residential mortgage lending

ASSET QUALITY - Asset quality remained strong, with only one non-accrual loan fully guaranteed by the SBA and no charge-offs in the quarter

Company press release: ID:nBw5Q7RNQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.43
Q1 Net Income
$6.10 mln
Q1 Net Interest Income
$16.51 mln
Q1 Basic EPS
$0.43
Q1 CET1 Capital Ratio
15.40%
Q1 Net Interest Margin
2.87%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for John Marshall Bancorp Inc is $23.50, about 8.7% above its April 28 closing price of $21.62

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)