Bank of the James Financial Group reports Q3 2023 net income of $2.08M and declares $0.08 dividend

BANK OF THE JAMES FINANCIAL GROUP INC

2023-Q3 EPS reported $1.44 revenue$2,942,000

Net income for Q3 2023 was $2.08 million ($0.46 per share) compared to $2.57 million in Q3 2022.
For nine months ended Sept 30, 2023, net income was $6.60 million ($1.44 per share).
Total deposits grew to $880.20 million as of Sept 30, 2023 from $848.14 million at Dec 31, 2022.
Board declared quarterly cash dividend of $0.08 per share payable Dec 8, 2023 to holders of record Nov 24, 2023.
Nonperforming loans remained low at 0.10% of total loans with no other real estate owned.

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 three and nine month periods ended September 30, 2023 results: net income $6.60 million or $1.44 per basic and diluted share, EPS $1.44 per basic and diluted share.

Period: three and nine month periods ended September 30, 2023
Net income: $6.60 million or $1.44 per basic and diluted share
EPS: $1.44 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three months ended September 30, 2023 was $2. 08 million or $0. 4 6 per basic and diluted share compared with $2. 57 million or $0. 55 per basic and diluted share for the three months ended September 30, 2022. Net income for the nine months ended September 30, 2023 was $ 6.60 million or $ 1.44 per basic and diluted share compared with $ 7.01 million or $ 1.48 per basic and diluted share for the nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001562762-23-000371

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