John Marshall Bancorp (JMSB) AGM 2026 presentation summary

Franchise overview and market position

• Operates eight regional banking centers in the Washington, D.C. metropolitan area, serving as business development hubs.

• Celebrated 20th anniversary in April 2026, with $2.4 billion in assets, $2.0 billion in loans, and $2.0 billion in deposits as of March 31, 2026.

• Ranked among the top 1% of US banks ($1–$5 billion) and received multiple local business and workplace awards.

• Market share in the Washington, D.C. MSA has grown, with deposits reaching $1.9 billion and a 0.6% share as of June 2025.

Financial performance and shareholder value

• Net interest margin increased by 0.76% from Q1 2024 to Q1 2026, adding $19.5 million in annualized revenues.

• Achieved seven consecutive quarters of net income growth, with Q1 2026 net income at $6.1 million.

• Compound annual growth rates (2017–2025): assets 9.0%, loans 8.8%, deposits 10.3%, non-interest bearing deposits 12.0%.

• Return on average assets rose to 1.06% and return on average equity to 9.19% as of March 31, 2026.

• Book value per share increased steadily, reaching $19.00 in Q1 2026.

Capital management and shareholder returns

• Maintained strong capital ratios, with common equity tier 1 at 15.4% and leverage ratio at 12.6% as of March 31, 2026.

• Annualized per share cash dividend increased 20% to $0.36 in 2026, with a 4-year CAGR of 15.8%.

• Repurchased over 240,000 shares at an average price of $18.59 through May 2026, with authorization for up to 700,000 shares.

• Delivered 9.9% book value appreciation and 8.1% dividend increase for 2025.