---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-24-000100"
form_type: "8-K"
ticker: "BOTJ"
cik: "0001275101"
company_name: "BANK OF THE JAMES FINANCIAL GROUP INC"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:18:44.363058+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BOTJ Q1 net income $2.19M ($0.48 EPS) vs $1.98M a year ago; declares $0.10 dividend

## Summary
- Net income of $2.19M, $0.48 per share, vs $1.98M ($0.43) in Q1 2023; earnings per share up 11.6% YoY.
- Net interest margin narrowed to 3.02% from 3.48% YoY; total interest income rose 15.5% to $10.51M.
- Nonperforming loans ratio remained low at 0.09%; recovery of credit losses of $553K vs $140K provision a year ago.
- Total deposits increased to $893.5M at March 31, 2024 from $878.5M at Dec 31, 2023; core deposits >70%.
- Book value per share rose to $13.30 from $13.21 in Dec 2023; quarterly dividend of $0.10 declared.

## SEC filing metadata
- accession: 0001562762-24-000100
- form_type: 8-K
- ticker: BOTJ
- cik: 0001275101
- company_name: BANK OF THE JAMES FINANCIAL GROUP INC
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275101/000156276224000100/0001562762-24-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275101/000156276224000100/botj-20240426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-24-000100
- JSON: https://secwatch.observer/filing/0001562762-24-000100.json
- Plain text: https://secwatch.observer/filing/0001562762-24-000100.txt

## Key facts
- Earnings Releases
  BANK OF THE JAMES FINANCIAL GROUP INC reported for the three months ended March 31, 2024 results: revenue 10.51 million, net income 2.19 million, EPS 0.48.
  - Period: for the three months ended March 31, 2024
  - Revenue: 10.51 million
  - Net income: 2.19 million
  - EPS: 0.48
  - Result: reported results
  source text: 2023. The recovery in 2024 was driven in part by a de cline in loans and continuing evaluation of risks inherent within the loan portfolio . Total interest income increased to $10.51 million in the first quarter of 2024 compared to $9.10 million in the first quarter of 2023 . The year-over-year increase primarily reflected the Company’s ongoing upward adjustments to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275101/000156276224000100/0001562762-24-000100-index.htm

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