
Overview
John Marshall Bancorp Q2 net income rises 30.7% yr/yr to $5.1 mln
Diluted EPS for Q2 increases 33.3% yr/yr, driven by loan growth
Net interest income for Q2 grows 23.5% yr/yr, reflecting margin expansion
Outlook
Company anticipates continued growth in loan commitments
Company sees potential for net interest income growth
John Marshall Bancorp highlights strong asset quality for future performance
Result Drivers
LOAN GROWTH - Co attributes 10% annualized loan growth as key driver for earnings increase
MARGIN EXPANSION - Net interest margin grew for fifth consecutive qtr, boosting net interest income
ASSET QUALITY - Co reports no loans past due or classified as substandard, supporting stable earnings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.36 |
|
Q2 Net Income |
| $5.10 mln |
|
Q2 Net Interest Income |
| $14.90 mln |
|
Q2 Net Interest Margin |
| 50.0% |
|
Press Release: ID:nBw2fXBGKa