Bank of the James Q2 net income up 10% to $2.53M; declares $0.08 dividend

BANK OF THE JAMES FINANCIAL GROUP INC

2023-Q2 EPS reported $0.99 revenue$1,938,000

Q2 net income $2.53M ($0.56 EPS) vs $2.29M ($0.48 EPS) a year ago.
Net interest income after recovery of credit losses $7.60M vs $7.42M.
Noninterest income up 14% to $3.44M, driven by service charges and wealth management.
Asset quality strong: NPLs/loans 0.07%, allowance 1.23%.
Board declared $0.08 per share quarterly dividend, payable Sept 15, record Sept 1.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BANK OF THE JAMES FINANCIAL GROUP INC reported six months ended June 30, 2023 results: net income $4.52 million, EPS $0.99.

Period: six months ended June 30, 2023
Net income: $4.52 million
EPS: $0.99
Result: reported results

Exact text from the filing

Net income for the six months ended June 30, 2023 was $4.52 million or $0.99 per basic and diluted share compared with $4.43 million or $0.93 per basic and diluted share for the six months ended June 30, 2022.

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Source: SEC EDGAR

accession 0001562762-23-000283

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