secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ)
CIK:        0001275101
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001562762-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/0001562762-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276223000035/botj-20230206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000035

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