John Marshall Bancorp (JMSB) Q1 2026 earnings summary

Executive summary

• Net income rose 26.8% year-over-year to $6.1 million for Q1 2026, marking the seventh consecutive quarter of net income growth.

• Diluted EPS increased 26.5% to $0.43 year-over-year and 2.4% sequentially.

• Book value per share grew 7.2% to $19.00, and a quarterly dividend of $0.09 per share was declared, up 20% from the prior year.

• Asset quality remains strong with only one non-accrual loan, fully guaranteed by the SBA.

Financial highlights

• Net interest income increased 17.1% year-over-year to $16.5 million.

• Net interest margin expanded to 2.87% from 2.58% a year ago and 2.73% in the prior quarter.

• Total assets reached $2.35 billion, up 3.5% year-over-year.

• Total deposits grew 3.4% year-over-year to $1.99 billion; non-interest bearing deposits rose 4.7%.

• Gross loans increased 5.5% year-over-year to $1.97 billion.

• Efficiency ratio improved to 53.1% from 56.5% year-over-year.

• Return on average assets was 1.06% and return on average equity was 9.19%, both up from the prior year.

Outlook and guidance

• Management expects continued loan growth supported by robust capital (16.5% total risk-based capital ratio).

• Focus remains on core funding, technology investment, and relationship banking to drive further growth.