---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000035"
form_type: "8-K"
ticker: "BOTJ"
cik: "0001275101"
company_name: "BANK OF THE JAMES FINANCIAL GROUP INC"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:54:00.310316+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562762-23-000035
- form_type: 8-K
- ticker: BOTJ
- cik: 0001275101
- company_name: BANK OF THE JAMES FINANCIAL GROUP INC
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/0001562762-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/botj-20230206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000035
- JSON: https://secwatch.observer/filing/0001562762-23-000035.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/0001562762-23-000035-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/0001562762-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.