John Marshall Bk Fal (JMSB) 16.0510 $JMSB
John Marshall Bank Reports First Quarter Results
BusinessWire - Fri Apr 29, 11:58AM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $560 thousand for the three months ended March 31, 2016, a decrease of $1.5 million or 73.4%, as compared to net income of $2.1 million for the three months ended March 31, 2015. Net income per diluted share was $0.05 per share during the first three months of 2016, compared to $0.20 per diluted share during the same period in 2015. As of March 31, 2016, the Bank's tangible book value per share was $10.99, up 7.5% compared to $10.22 as of March 31, 2015, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. The decrease in year-over-year earnings was attributable to an increased loan loss provision of $2.7 million for 2016 compared to $211 thousand in 2015.
John Marshall Bank Reports Loan Impairment
BusinessWire - Thu Mar 31, 3:30PM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank" reported that it will incur an impairment related to a $4.2 million lending relationship due to the unexpected termination of the borrower's business in March. The lending relationship with the company is made up of three loans. Two of the loans, totaling $1.6 million, are well secured by real estate which is in the process of liquidation. No impairment is expected with respect to these two real estate secured loans. The remaining commercial loan, with a balance of $2.6 million, is secured by receivables, inventory, equipment and intangible assets. Based on a preliminary assessment of the collateral value on this loan, the range of impairment is estimated to be between $1.9 million and $2.6 million. While no specific estimate of impairment can be made as of this date, the Bank's current estimate of impairment is $2.5 million, which will be recognized as a provision to its allowance for loan and lease losses during the first quarter of 2016. As additional information becomes available, and prior to releasing financial results for the quarter ending March 31, 2016, an adjustment to the estimated impairment will be made as indicated by the Bank's ongoing efforts to liquidate collateral.
John Marshall Bank Reports Strong Earnings and Growth for 2015
BusinessWire - Thu Jan 28, 6:12PM CST
John Marshall Bank (OTCQB: JMSB) (the "Bank" reported net income of $8.9 million for the year ended December 31, 2015, an increase of $848 thousand, or 10.6%, as compared to net income of $8.0 million for the year ended December 31, 2014. Net income per diluted share increased 10.4% during 2015 to $0.85 per share, compared to $0.77 per share during 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of December 31, 2015, the Bank's tangible book value per share was $10.91, up 9.1% compared to $10.00 as of December 31, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015.
John Marshall Bank Reports Quarterly Financial Results
BusinessWire - Wed Oct 28, 1:35PM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank" reported net income of $6.6 million for the nine months ended September 30, 2015, an increase of $724 thousand, or 12.4%, as compared to net income of $5.8 million reported for the nine months ended September 30, 2014. Net income per diluted share increased 12.5% to $0.63 per share during the first nine months of 2015, compared to $0.56 per share during the same period in 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of September 30, 2015, the Bank's tangible book value per share was $10.68, up 9.3% compared to $9.77 as of September 30, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015.
John Marshall Bank Reports Mid-Year Financial Results
BusinessWire - Fri Jul 31, 9:11AM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank" reported net income of $4.3 million for the six months ended June 30, 2015, an increase of $531 thousand, or 14.1%, as compared to net income of $3.8 million reported for the six months ended June 30, 2014. Net income per diluted share increased 13.3% to $0.41 per share during the first six months of 2015, compared $0.36 per share during the same period in 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of June 30, 2015, the Bank's tangible book value per share was $10.44, up 9.2% compared to $9.56 as of June 30, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend declared on May 19, 2015 and paid July 1, 2015.
John Marshall Bank Announces 6 for 5 Stock Split
BusinessWire - Tue May 19, 4:16PM CDT
John Marshall Bank (the "Bank" (OTCQB: JMSB) today announced that the Board of Directors of the Bank has approved a 6 for 5 stock split in the form of a 20% stock dividend for shareholders of record on June 1, 2015, payable on July 1, 2015. After the stock split, the number of outstanding shares will increase from 8,316,961 to 9,980,353.
John Marshall Bank Reports Continued Growth and Profitability
BusinessWire - Fri Feb 06, 8:10AM CST
John Marshall Bank (OTCQB: JMSB) (the "Bank" reported net income of $8.0 million for the year ended December 31, 2014, an increase of $930 thousand, or 13.1%, as compared to net income of $7.1 million reported for the year ended December 31, 2013. Net income per diluted share declined 17.9% during 2014 to $0.92 per share, compared to $1.12 per share during 2013. The decline in net income per diluted share is primarily attributed to the dilutive effect of the Bank's November 2013 common stock offering of 2.4 million shares at $13.50 per share. As of December 31, 2014, the Bank's tangible book value per share was $12.00, up 9.7% compared to $10.94 as of December 31, 2013.
John Marshall Bank Reports First Quarter Results
BusinessWire - Fri Apr 29, 11:58AM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $560 thousand for the three months ended March 31, 2016, a decrease of $1.5 million or 73.4%, as compared to net income of $2.1 million for the three months ended March 31, 2015. Net income per diluted share was $0.05 per share during the first three months of 2016, compared to $0.20 per diluted share during the same period in 2015. As of March 31, 2016, the Bank's tangible book value per share was $10.99, up 7.5% compared to $10.22 as of March 31, 2015, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. The decrease in year-over-year earnings was attributable to an increased loan loss provision of $2.7 million for 2016 compared to $211 thousand in 2015. John Marshall Bank Reports Loan Impairment
BusinessWire - Thu Mar 31, 3:30PM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported that it will incur an impairment related to a $4.2 million lending relationship due to the unexpected termination of the borrower's business in March. The lending relationship with the company is made up of three loans. Two of the loans, totaling $1.6 million, are well secured by real estate which is in the process of liquidation. No impairment is expected with respect to these two real estate secured loans. The remaining commercial loan, with a balance of $2.6 million, is secured by receivables, inventory, equipment and intangible assets. Based on a preliminary assessment of the collateral value on this loan, the range of impairment is estimated to be between $1.9 million and $2.6 million. While no specific estimate of impairment can be made as of this date, the Bank's current estimate of impairment is $2.5 million, which will be recognized as a provision to its allowance for loan and lease losses during the first quarter of 2016. As additional information becomes available, and prior to releasing financial results for the quarter ending March 31, 2016, an adjustment to the estimated impairment will be made as indicated by the Bank's ongoing efforts to liquidate collateral. John Marshall Bank Reports Strong Earnings and Growth for 2015
BusinessWire - Thu Jan 28, 6:12PM CST
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $8.9 million for the year ended December 31, 2015, an increase of $848 thousand, or 10.6%, as compared to net income of $8.0 million for the year ended December 31, 2014. Net income per diluted share increased 10.4% during 2015 to $0.85 per share, compared to $0.77 per share during 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of December 31, 2015, the Bank's tangible book value per share was $10.91, up 9.1% compared to $10.00 as of December 31, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. John Marshall Bank Reports Quarterly Financial Results
BusinessWire - Wed Oct 28, 1:35PM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $6.6 million for the nine months ended September 30, 2015, an increase of $724 thousand, or 12.4%, as compared to net income of $5.8 million reported for the nine months ended September 30, 2014. Net income per diluted share increased 12.5% to $0.63 per share during the first nine months of 2015, compared to $0.56 per share during the same period in 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of September 30, 2015, the Bank's tangible book value per share was $10.68, up 9.3% compared to $9.77 as of September 30, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. John Marshall Bank Reports Mid-Year Financial Results
BusinessWire - Fri Jul 31, 9:11AM CDT
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $4.3 million for the six months ended June 30, 2015, an increase of $531 thousand, or 14.1%, as compared to net income of $3.8 million reported for the six months ended June 30, 2014. Net income per diluted share increased 13.3% to $0.41 per share during the first six months of 2015, compared $0.36 per share during the same period in 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend paid July 1, 2015. As of June 30, 2015, the Bank's tangible book value per share was $10.44, up 9.2% compared to $9.56 as of June 30, 2014, as adjusted for the 6 for 5 stock split in the form of a 20% dividend declared on May 19, 2015 and paid July 1, 2015. John Marshall Bank Announces 6 for 5 Stock Split
BusinessWire - Tue May 19, 4:16PM CDT
John Marshall Bank (the "Bank"
(OTCQB: JMSB) today announced that the Board of Directors of the Bank has approved a 6 for 5 stock split in the form of a 20% stock dividend for shareholders of record on June 1, 2015, payable on July 1, 2015. After the stock split, the number of outstanding shares will increase from 8,316,961 to 9,980,353. John Marshall Bank Reports Continued Growth and Profitability
BusinessWire - Fri Feb 06, 8:10AM CST
John Marshall Bank (OTCQB: JMSB) (the "Bank"
reported net income of $8.0 million for the year ended December 31, 2014, an increase of $930 thousand, or 13.1%, as compared to net income of $7.1 million reported for the year ended December 31, 2013. Net income per diluted share declined 17.9% during 2014 to $0.92 per share, compared to $1.12 per share during 2013. The decline in net income per diluted share is primarily attributed to the dilutive effect of the Bank's November 2013 common stock offering of 2.4 million shares at $13.50 per share. As of December 31, 2014, the Bank's tangible book value per share was $12.00, up 9.7% compared to $10.94 as of December 31, 2013. 
