BOTJ delivered its best first quarter in 26 years with strong revenue growth, margin expansion, and cost control. The efficiency ratio improvement from 89% to 74% shows operating leverage is materializing. Monitor Q2 for continued margin expansion and loan growth trajectory — the stock should re-rate higher if these trends persist.
Price Chart
Executive Summary
Bank of the James reported strong Q1 2026 results with net income of $2.77M ($0.61 EPS), up from $0.84M ($0.19 EPS) in Q1 2025, driven by 13.15% net interest income growth, 20.74% noninterest income growth, and a 4.69% decline in noninterest expense. The board also declared a $0.10 quarterly dividend. The combination of revenue growth, margin expansion, and cost control represents a clear positive for this small-cap bank.
Key Financial Metrics
Key Facts
- Q1 2026 net income $2.77M vs $842K in Q1 2025, up 229%
- EPS $0.61 vs $0.19 in Q1 2025, up 221%
- Net interest income $8.73M, up 13.15% YoY
- Net interest margin expanded to 3.57% from 3.25%
- Noninterest expense declined 4.69% YoY to $9.37M
- Efficiency ratio improved to 73.75% from 89.31%
- Quarterly dividend of $0.10 per share declared
- Nonperforming loans declined to $1.45M from $1.70M at year-end
- Total assets reached $1.06B, up 4.89% YoY
- Deposits grew 4.92% YoY to $956.55M
Financial Impact
Net income increased $1.93M YoY; EPS increased $0.42; revenue (NII + noninterest income) grew 15.40%
Risk Factors
- Loan balances declined 1.85% from year-end due to large payoffs and line reductions
- Salaries and employee benefits increased $725K (15.2%) YoY, partially offsetting cost savings
- Accumulated other comprehensive loss widened to -$16.0M from -$14.9M, reflecting higher rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001275101-26-000017 |
| Document: botj-20260428x8k.htm | 0001275101-26-000017 |
| Document: 0001275101-26-000017-index-headers.html | 0001275101-26-000017 |
| Document: 0001275101-26-000017-index.html | 0001275101-26-000017 |
| Document: 0001275101-26-000017.txt | 0001275101-26-000017 |
| 8-K Data (Synthetic) | 0001275101-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 6, 2026 24w ago | Insider Cluster | $23.11 $27.04 | ▲ +17.01% | ▲ +14.94% | $30.31 (+31.16%) |
May 6, 2026 24w ago | Insider Cluster | $23.11 $27.04 | ▲ +17.01% | ▲ +14.94% | $30.31 (+31.16%) |
Apr 30, 2026 25w ago | 8-K | $22.83 $27.75 | ▲ +21.55% | ▲ +18.48% | $30.31 (+32.76%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers