Bank of the James posts record annual net income of $8.96M, EPS $1.91; approves $998K buyback

BANK OF THE JAMES FINANCIAL GROUP INC

2022-FY EPS reported $1.91 revenue$3,591,000

Q4 net income $1.95M ($0.42/sh), up 5% YoY; FY2022 net income $8.96M ($1.91/sh), up 18% YoY.
Net interest margin expanded to 3.67% in Q4; ROAA 0.91% and ROAE 15.59% for FY2022.
Nonperforming loans to total loans improved to 0.10% from 0.16%; allowance for loan losses 1.02%.
Board approved up to $998K stock repurchase plan from Mar 8, 2023 to Mar 7, 2024.
Quarterly dividend of $0.08/sh declared, payable Mar 17, 2023 to holders of record Mar 3, 2023.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANK OF THE JAMES FINANCIAL GROUP INC reported the 12 months ended December 31, 2022 results: net income $ 8.96 million, EPS $ 1. 91 per basic and diluted share.

Period: the 12 months ended December 31, 2022
Net income: $ 8.96 million
EPS: $ 1. 91 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the 12 months ended December 31 , 2022 was a Company record $ 8.96 million or $ 1. 91 per basic and diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BANK OF THE JAMES FINANCIAL GROUP INC reported the three months ended December 31, 2022 results: net income $ 1.95 million, EPS $0. 42 per basic and diluted share.

Period: the three months ended December 31, 2022
Net income: $ 1.95 million
EPS: $0. 42 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three months ended December 3 1 , 2022 was a record $ 1.95 million or $0. 42 per basic and diluted share

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Source: SEC EDGAR

accession 0001562762-23-000035

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