John Marshall Bancorp (JMSB) investor relations material

Executive summary

• Net income for Q1 2026 was $6.1 million, up 26.8% year-over-year, marking the seventh consecutive quarter of net income growth, with diluted EPS of $0.43, a 26.5% increase from Q1 2025.

• Book value per share increased to $19.00, up 7.2% year-over-year, 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 rose 17.1% year-over-year to $16.5 million, driven by higher loan yields and lower deposit costs.

• Net interest margin improved to 2.87% from 2.58% year-over-year and 2.73% in the prior quarter.

• Total assets reached $2.35 billion, up 3.5% year-over-year; loans net of unearned income were $1.97 billion, and deposits totaled $1.99 billion as of March 31, 2026.

• Non-interest income declined by $221,000, mainly due to lower insurance commissions and SBA loan sale gains.

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

Outlook and guidance

• Management expects continued loan growth supported by robust capital (16.5% total risk-based capital ratio) and focuses on core funding, technology investment, and relationship banking.

• No material changes in risk factors or forward-looking guidance were disclosed for the remainder of 2026.