Bank of the James Reports Record Quarterly Earnings and Margin Expansion
Bank of the James Financial Group reported unaudited financial results for the third quarter and first nine months of 2025. Net interest income for the third quarter was $8.3 million, representing a 10.5% increase compared to the previous period. The net interest margin expanded to 3.4%. Total assets grew to $1.02 billion as of September 30, 2025, up from $979.2 million at December 31, 2024. Stockholders' equity rose to $77.0 million from $64.9 million at the end of 2024, and retained earnings increased to $47.7 million from $42.8 million. Book value per share was $16.9 at the end of the third quarter, compared to $14.3 at the end of the previous year. The company reported a nonperforming loan ratio of 0.3%. The period saw growth in the loan portfolio, primarily in commercial real estate loans, and an increase in securities available-for-sale at fair value. The bank maintained a strong asset quality and reported no brokered deposits at the end of the periods.
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