Bank of the James Q2 net income $2.15M ($0.47 EPS), down 15% YoY; declares $0.10 dividend

BANK OF THE JAMES FINANCIAL GROUP INC

2024-Q2 EPS reported $0.95 revenue$1,939,000

Net income $2.15M ($0.47/share) vs $2.53M ($0.56) YoY; first-half $4.34M ($0.95) vs $4.52M ($0.99).
Net interest income after recovery of credit losses $7.21M (Q2), $14.72M (first half); net interest margin 3.02%.
Total interest income up 14% to $10.94M (Q2) on higher loan yields; noninterest income rose 22% to $4.19M.
Loans net of allowance $616.09M (+2.4% from Dec 2023); deposits $884.90M; nonperforming loans 0.13% of loans.
Quarterly dividend $0.10/share payable Sept 20, 2024 to holders of record Sept 6, 2024; book value $13.58.

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