John Marshall Bancorp, Inc.
- Open
- 21.92
- Day high
- 22.29
- Day low
- 21.70
- Prev close
- 21.93
- Volume
- 29K
- Mkt cap
- $308M
- P/E (TTM)
- 13.7
- EPS (TTM)
- $1.59
- P/B
- 1.1
- P/S
- 2.6
- Yield
- 0.82%
- Per share
- $0.18
- ▲Insiders net buying $52K over the last 3 months (3 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
John Marshall Bancorp, Inc. (JMSB) is a Financial Services company listed on NASDAQ. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 0 sales (SEC Form 4).
John Marshall Bancorp, Inc. (JMSB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
JMSB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.40 | $0.43 | +7.5% | $17M | +1.9% |
| Mar 9, 2026 | — | $0.42 | — | $30M | — |
| Oct 29, 2025 | $0.40 | $0.38 | -5.0% | $16M | -1.2% |
| Jul 23, 2025 | $0.35 | $0.36 | +2.9% | $28M | +82.7% |
| Apr 23, 2025 | — | $0.34 | — | $28M | — |
| Mar 28, 2025 | — | $0.34 | — | $28M | — |
| Jul 24, 2024 | — | $0.27 | — | $27M | — |
| Apr 25, 2024 | — | $0.30 | — | $28M | — |
| Mar 20, 2024 | — | $0.32 | — | $27M | — |
| Jul 21, 2023 | — | $0.32 | — | $25M | — |
| Apr 19, 2023 | — | $0.44 | — | $24M | — |
| Mar 23, 2023 | — | $0.58 | — | $24M | — |
JMSB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 5, 2026 | Mahan Oscar Lelanddirector | Buy | 179 | $21.03 |
| Jun 5, 2026 | Kinney Jonathan Craigdirector | Buy | 1,092 | $21.03 |
| Jun 5, 2026 | Kinney Jonathan Craigdirector | Buy | 1,208 | $21.03 |
| Dec 22, 2025 | Bell Kelly Joofficer: CHIEF OPERATING OFFICER | Tax | 37 | $21.36 |
| Dec 18, 2025 | Bell Kelly Joofficer: CHIEF OPERATING OFFICER | Tax | 28 | $21.37 |
| Dec 18, 2025 | Peden Andrewofficer: CHIEF BANKING OFFICER | Grant | 2,376 | — |
| Dec 18, 2025 | Peden Andrewofficer: CHIEF BANKING OFFICER | Tax | 194 | $21.37 |
| Dec 18, 2025 | Carstater Kentofficer: CHIEF FINANCIAL OFFICER | Grant | 3,088 | — |
| Dec 18, 2025 | BERGSTROM CHRISTOPHER Wdirector, officer: CHIEF EXECUTIVE OFFICER | Grant | 9,502 | — |
| Dec 18, 2025 | Garg Subhashdirector | Grant | 1,901 | — |
| Dec 18, 2025 | GARCIA MICHAEL Adirector | Grant | 1,901 | — |
| Dec 18, 2025 | Kinney Jonathan Craigdirector | Grant | 2,138 | — |
| Dec 18, 2025 | Foster Michael Tdirector | Grant | 1,901 | — |
| Dec 18, 2025 | Allin Philip Wdirector | Grant | 1,901 | — |
| Dec 18, 2025 | Mahan Oscar Lelanddirector | Grant | 1,901 | — |
Source: JMSB SEC Form 4 filings, latest Jun 5, 2026. For informational purposes only — not investment advice.
See the full JMSB insider & 13F page →John Marshall Bancorp, Inc. company profile
Overview
John Marshall Bancorp, Inc. (NASDAQ:JMSB) is a regional bank holding company founded in 2005 and headquartered in Reston, Virginia. The company operates through its subsidiary John Marshall Bank, which provides commercial and retail banking services primarily to small and medium-sized businesses, their owners and employees, professional corporations, non-profits, and individual consumers in the Northern Virginia and Washington D.C. metropolitan area. Since going public in March 2017, the company has established itself as a community-focused financial institution serving the affluent Northern Virginia market through eight full-service branches and a loan production office.
Business
John Marshall Bancorp operates in the regional banking industry, providing traditional commercial and retail banking services through its wholly-owned subsidiary, John Marshall Bank. The banking industry serves as a financial intermediary, accepting deposits from customers and using those funds to make loans to borrowers, earning income from the difference between interest paid on deposits and interest earned on loans. The company's core services include deposit products such as checking accounts, demand deposits, NOW accounts (negotiable order of withdrawal accounts that pay interest), savings accounts, money market accounts, and certificates of deposit. These products allow customers to store money safely while earning modest returns, with the bank using these deposits as its primary funding source for lending activities. On the lending side, John Marshall Bank offers commercial lending services including commercial loans for business operations, construction and development financing, commercial term loans, commercial real estate loans, and various commercial lines of credit. The bank also provides mortgage lending for residential real estate purchases and refinancing. Additionally, the company offers treasury and cash management services for business clients, helping them manage their daily financial operations, along with investment services, business and personal insurance products, and modern banking conveniences like remote deposit capture, online banking, and mobile banking applications. The bank primarily serves small to medium-sized businesses and their stakeholders in the Northern Virginia region, an affluent area with a strong economy driven by proximity to Washington D.C. and significant government contracting activity. This geographic focus allows the bank to develop deep relationships within a concentrated, economically robust market.
Revenue model
John Marshall Bancorp generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on customer deposits and borrowed funds. This is the fundamental business model of traditional banking - the bank acts as a financial intermediary, paying depositors a lower rate of interest while charging borrowers a higher rate, capturing the spread as profit. The bank's paying customers include small and medium-sized businesses seeking commercial loans, construction companies requiring development financing, individuals and businesses needing mortgages, and depositors who provide the funding base. The company also generates non-interest income through fees for banking services, treasury management, loan origination fees, and other financial services. Several factors can significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - when rates rise, the bank can potentially earn more on new loans faster than it pays more on deposits, expanding net interest margins. Conversely, falling rates can compress margins. Credit quality directly affects profitability, as loan losses reduce net income and require provisions that impact earnings. The bank's concentration in the Northern Virginia market provides benefits from the region's economic strength but also creates geographic concentration risk. Competition from larger national banks, other regional banks, and non-bank lenders can pressure both loan pricing and deposit rates. Regulatory compliance costs represent a significant expense for regional banks, and changes in banking regulations can materially impact operations and profitability. The bank's relatively small size compared to major institutions can limit economies of scale but allows for more personalized service and faster decision-making in the local market.
Competitive moat
John Marshall Bancorp operates with a limited but meaningful competitive moat based primarily on its local market presence and relationship banking model. The company's strongest defensive characteristic is its deep roots in the affluent Northern Virginia market, where it has built relationships with local businesses and professionals over nearly two decades of operation. The bank's local market knowledge and personalized service provide advantages over larger national banks that may struggle to understand the specific needs of Northern Virginia's government contracting community and professional services sector. This relationship-driven approach allows for faster lending decisions and more flexible terms than what larger institutions typically offer, creating customer loyalty and switching costs. However, the bank's moat is relatively narrow and faces significant challenges. Large national banks have substantial resource advantages, offering comprehensive digital platforms, extensive branch networks, and the ability to provide larger credit facilities that John Marshall cannot match. Fintech disruption continues to threaten traditional banking relationships, particularly in areas like payments, lending, and deposit gathering through high-yield online banks. The bank's geographic concentration, while providing local expertise, also creates vulnerability to regional economic downturns and limits diversification. Additionally, the relatively small scale means higher per-unit operating costs compared to larger competitors. The competitive landscape in banking remains intense, with numerous well-capitalized regional and national players competing for the same customer base, making it challenging to maintain pricing power or market share growth without significant differentiation.
Risks & safety
John Marshall Bancorp demonstrates reasonable financial stability with adequate capitalization but faces some liquidity and operational challenges typical of smaller regional banks. • Liquidity position: Strong cash position with $122.5 million in cash and short-term investments as of Q4 2024, representing about 5.5% of total assets • Debt levels: Moderate debt-to-equity ratio of 0.35, indicating reasonable leverage for a bank • Solvency risk: Low immediate solvency risk given positive earnings and adequate capital ratios • Profitability trends: Declining net income from $31.8 million in 2022 to $17.1 million in 2024, showing pressure on earnings • Valuation metrics: Trading at reasonable multiples with P/E ratio of 16.7x and price-to-book of 1.16x, suggesting fair valuation • Asset quality concerns: Total assets of $2.23 billion with significant loan portfolio exposure requiring ongoing credit monitoring • Regulatory capital: As a regulated bank, subject to minimum capital requirements which appear to be met based on continued operations
Recent development
Based on the available financial data, John Marshall Bancorp has experienced significant operational changes over the past few years, though specific strategic initiatives are not detailed in the earnings summaries provided. The most notable development has been the substantial decline in profitability from 2022 to 2024, with net income falling from $31.8 million in 2022 to $17.1 million in 2024, representing a 46% decrease. The company's revenue performance has been volatile, dropping from $72.1 million in 2022 to $38.8 million in 2023, then recovering partially to $53.3 million in 2024. This suggests the bank has faced challenges in maintaining consistent income generation, likely due to changing interest rate environments and competitive pressures in its market. Balance sheet management has shown some fluctuation, with total assets remaining relatively stable around $2.2-2.3 billion, but cash positions varying significantly quarter to quarter. The bank maintained its branch network of eight full-service locations plus a loan production office, indicating a commitment to its Northern Virginia market presence despite profitability pressures. The company's operational efficiency appears to have been challenged, as evidenced by the declining return on equity from 14.9% in 2022 to 6.9% in 2024. This suggests management has been working to adapt to a more challenging operating environment while maintaining the bank's community-focused business model.
JMSB company profile · for informational purposes only — not investment advice.
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