John Marshall Bancorp (JMSB) investor relations material

Executive summary

• Net income for Q4 2025 was $5.9 million, up 23.9% year-over-year and 9.5% sequentially, marking the sixth consecutive quarter of growth.

• Diluted EPS for Q4 2025 was $0.42, up 27.3% year-over-year and 10.5% sequentially.

• Full-year 2025 net income reached $21.2 million, a 24.0% increase over 2024.

• Book value per share rose 8.2% to $18.70 at year-end, with a 10.0% annual book value return including dividends.

Financial highlights

• Net interest income for Q4 2025 was $15.9 million, up 13.3% year-over-year; full-year net interest income grew 18.6%.

• Net interest margin expanded to 2.73% in Q4 2025 from 2.52% a year earlier; full-year margin was 2.68%.

• Non-interest expense for Q4 2025 was $8.0 million, down 11.8% sequentially; full-year non-interest expense rose 5.5%.

• Efficiency ratio improved to 48.8% in Q4 2025 from 55.4% a year ago; full-year ratio was 53.6%.

• Return on average assets for Q4 2025 was 1.01%, and return on average equity was 8.89%.

Outlook and guidance

• Management expects further profitability enhancement from additional Fed rate cuts and continued yield curve normalization.

• Strong loan pipeline and recent commitments are expected to support growth into 2026.