Bank of the James Q2 FY26 net income rises 19.8% to $3.24 million; net interest margin widens 26 basis points to 3.71%
BOTJ•Second-quarter results
- Bank of the James posted net income of $3.24 million, up 19.8% year over year, with EPS of $0.71.
- Net interest income rose 12.17% to $9.25 million, lifting net interest margin 26 basis points to 3.71%.
- Provision for credit losses was $350,000, versus a recovery of $528,000 a year earlier.
- Noninterest income increased 9.84% to $4.48 million on higher wealth management fees; noninterest expense fell 1.52% to $9.31 million.
- Total loans climbed 3.7% from Dec. 31 to $692.68 million, while deposits slipped 0.2% to $935.18 million.
