John Marshall Bancorp rises on upbeat Q2 earnings

John Marshall Bancorp

20/07/2022 17:31

** Shares of regional lender John Marshall Bancorp  JMSB.O 
up ~1.7% at $24.60 in afternoon trading
    ** Co posts Q2 profit of 56 cents/shr vs 44 cents last year 
    ** "Our balance sheet remains well-capitalized with stellar
asset quality, ample liquidity, and is primed for continued
growth" - CEO Chris Bergstrom
    ** Net interest income in Q2 rose 5.5%, driven by growth in
co's investment portfolio 
    ** JMSB also benefited from non-interest expense declining
$1.4 mln, or 15.3%, in the quarter 
    ** Shares up ~23% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))