BOTJ Q1 net income down 61% to $842k ($0.19 EPS) on $1M one-time consultant fee

BANK OF THE JAMES FINANCIAL GROUP INC

2025-Q1 EPS reported $0.19 revenue$981,000

Net income $842k ($0.19 EPS) vs $2.19M ($0.48) Q1 2024; revenue (NII after provision) $7.58M vs $7.50M.
Noninterest expense rose to $9.83M from $8.09M, including ~$1M one-time fee for core contract renegotiation.
Net interest margin improved to 3.25% (Q1 2024: 3.02%); loans net of ACL grew to $642.4M from $636.6M (Dec 2024).
Company plans to repay $10M capital notes in June, saving ~$327k annually; dividend of $0.10/share declared.
Nonperforming loans/total loans low at 0.28%; book value per share $15.04, up from $14.28 at Dec 2024.

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