secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ)
CIK:        0001275101
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001562762-25-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276225000101/0001562762-25-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276225000101/botj-20250430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-25-000101

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