)
Overview
<ul>
<li>U.S. community bank’s Q1 net income rose 27% yr/yr, with EPS up 27%</li>
<li>Net interest income grew 17% and net interest margin expanded for eighth straight quarter</li>
<li>Company raised quarterly dividend 20% and repurchased 103,507 shares in Q1</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific financial guidance for future quarters or the full year</li>
</ul>
Result Drivers
<ul>
<li>NET INTEREST MARGIN - Margin expanded for the eighth consecutive quarter, driven by higher average loan balances, increased loan and securities yields, and lower rates on interest-bearing deposits</li>
<li>LOAN GROWTH - Loan balances rose $103.3 mln or 5.5% yr/yr, mainly from construction &amp; development and residential mortgage lending</li>
<li>ASSET QUALITY - Asset quality remained strong, with only one non-accrual loan fully guaranteed by the SBA and no charge-offs in the quarter Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 EPS $0.43</h3>
Q1 Net $6.10
Income mln
Q1 Net $16.51
Interest mln
Income
Q1 Basic $0.43
<h3>EPS</h3>
<h3>Q1 CET1 15.40%</h3>
Capital
Ratio
Q1 Net 2.87%
Interest
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “strong buy” and the breakdown of recommendations is 2 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for John Marshall Bancorp Inc is $23.50, about 8.7% above its April 28 closing price of $21.62</li>
<li>The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

JMSB

John Marshall Bancorp Q1 net income rises, dividend up 20%