---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-25-000101"
form_type: "8-K"
ticker: "BOTJ"
cik: "0001275101"
company_name: "BANK OF THE JAMES FINANCIAL GROUP INC"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:02:36.934617+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562762-25-000101
- form_type: 8-K
- ticker: BOTJ
- cik: 0001275101
- company_name: BANK OF THE JAMES FINANCIAL GROUP INC
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275101/000156276225000101/0001562762-25-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275101/000156276225000101/botj-20250430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-25-000101
- JSON: https://secwatch.observer/filing/0001562762-25-000101.json
- Plain text: https://secwatch.observer/filing/0001562762-25-000101.txt

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