Bank of the James Reports Record Quarterly Earnings and Margin ExpansionLoan Growth, Stable Funding Costs, and Exceptional Asset Quality Drive Record Profitability LYNCHBURG, Va., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations f ...

Core Viewpoint - FS Bancorp, Inc. reported a decrease in net income for the third quarter of 2025, with net income of $9.2 million compared to $10.3 million in the same quarter last year, reflecting challenges in maintaining profitability amidst changing market conditions [1][7]. Financial Performance - The net income for the third quarter of 2025 was $9.2 million, or $1.18 per diluted share, down from $10.3 million, or $1.29 per diluted share, in the same quarter of 2024 [1]. - For the nine months ended September 30, 2025, net income was $24.9 million, or $3.18 per diluted share, compared to $27.6 million, or $3.45 per diluted share, for the same period in 2024 [1]. - Total deposits increased by $133.1 million, or 5.2%, to $2.69 billion at September 30, 2025, compared to $2.55 billion at June 30, 2025, and increased by $259.2 million, or 10.7%, from $2.43 billion at September 30, 2024 [7]. - Loans receivable, net increased by $17.3 million, or 0.7%, to $2.60 billion at September 30, 2025, compared to $2.58 billion at June 30, 2025, and increased by $135.9 million, or 5.5%, from $2.46 billion at September 30, 2024 [7]. Shareholder Returns - The company balanced shareholder returns in the third quarter through share repurchases, a paid special dividend, and the payment of its 50th quarterly dividend [3]. - The Board of Directors approved a cash dividend of $0.28 per common share, marking the 51st consecutive quarterly cash dividend, to be paid on November 20, 2025 [3]. Segment Reporting - The company operates through two segments: Commercial and Consumer Banking, and Home Lending [5]. - In the third quarter of 2025, the Commercial and Consumer Banking segment reported net income of $8.4 million, while the Home Lending segment reported net income of $775,000 [7]. Asset and Liability Management - Total assets increased by $32.8 million, or 1%, to $3.21 billion at September 30, 2025, compared to $3.18 billion at June 30, 2025, and increased by $238.6 million, or 8%, from $2.97 billion at September 30, 2024 [13]. - Borrowings decreased by $105.0 million, or 44.8%, to $129.3 million at September 30, 2025, compared to $234.3 million at June 30, 2025 [7]. Loan Portfolio - Total loans receivable increased to $2.63 billion during the third quarter of 2025, primarily due to growth in commercial and speculative construction and development loans [16]. - The composition of commercial real estate (CRE) loans showed an increase in total CRE loans to $932.7 million, up from $916.1 million in the previous quarter [17].

Group 1 - Beacon Financial Corporation will report its third quarter 2025 earnings on October 29, 2025, with a conference call scheduled for October 30, 2025, at 1:30 PM Eastern Time [1] - The company is the holding entity for Beacon Bank & Trust, formed through a merger between Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. on September 1, 2025 [2] - Beacon Financial Corporation has $23 billion in assets and operates over 145 branches across New England and New York [2] Group 2 - The bank offers a comprehensive range of banking solutions, including commercial, cash management, asset-based lending, retail, consumer, and residential products [2] - Beacon Bank operates through various divisions, including Berkshire Bank, Brookline Bank, BankRI, and PCSB Bank, and provides equipment financing and SBA lending through its subsidiaries [2]

Core Insights - Bank of the James Financial Group, Inc. reported strong financial performance for the second quarter and first half of 2025, with net income increasing to $2.70 million or $0.60 per share, compared to $2.15 million or $0.47 per share in the same period of 2024 [2][3][10] - The company demonstrated growth in commercial lending, mortgage originations, and core deposits, establishing a solid base for continued positive financial performance [3][6] - The net interest margin improved to 3.45% in the second quarter of 2025, the highest in several quarters, reflecting effective management of loan yields and interest expenses [4][15] Financial Performance - Net interest income for the second quarter of 2025 was $8.25 million, up 16% from $7.09 million in the second quarter of 2024, while total interest income rose to $11.64 million, a 6% increase year-over-year [10][11][35] - Total interest expense decreased by 12% to $3.39 million in the second quarter of 2025, contributing to a net interest income after recovery of credit losses of $8.78 million, up 22% from the previous year [13][35] - Noninterest income remained stable at $4.08 million in the second quarter of 2025, with contributions from commercial treasury services and wealth management fees [16][35] Asset Quality and Growth - Loans, net of allowance for credit losses, increased to $649.09 million at June 30, 2025, from $636.55 million at December 31, 2024, driven by growth in commercial real estate loans [10][18][19] - The ratio of nonperforming loans to total loans was 0.28% at June 30, 2025, indicating strong asset quality, with no other real estate owned [22][23] - Total assets reached $1.004 billion at June 30, 2025, up from $979.24 million at December 31, 2024, reflecting increases in securities and loan growth [18][36] Shareholder Value - Stockholders' equity grew to $71.67 million at June 30, 2025, from $64.87 million at December 31, 2024, with a book value per share of $15.77, up from $14.28 [25][36] - The company declared a quarterly dividend of $0.10 per common share, payable on September 26, 2025, to stockholders of record as of September 12, 2025 [10][35] Strategic Initiatives - The company successfully retired approximately $10 million in capital notes, expected to reduce annual interest expenses by approximately $327,000, enhancing financial stability [7][8] - A balanced revenue stream from various sources, including commercial and retail banking, has provided predictable earnings amid economic challenges [6][10]

Core Points - FS Bancorp, Inc. reported a net income of $7.7 million for Q2 2025, a decrease from $9.0 million in Q2 2024, and a net income of $15.7 million for the first half of 2025, down from $17.4 million in the same period last year [1][7][9] - The company experienced a decrease in total deposits by $61.8 million, or 2.4%, to $2.55 billion compared to the previous quarter, but an increase of $170.6 million, or 7.2%, from the same quarter last year [7] - The company’s loan receivable, net increased by $81.2 million, or 3.2%, to $2.58 billion compared to the previous quarter, and increased by $125.1 million, or 5.1%, from the same quarter last year [7] - The company repurchased 132,282 shares of common stock at an average price of $38.92 per share, with a remaining authorization of $725,000 for future purchases [7] - The Board of Directors approved a cash dividend of $0.28 per common share and a special dividend of $0.22 per common share, marking the 50th consecutive quarterly cash dividend [3] Financial Performance - Net interest income for the Commercial and Consumer Banking segment was $29.2 million, while the Home Lending segment reported $2.9 million for Q2 2025 [8] - The provision for credit losses was $(1.8) million for the Commercial and Consumer Banking segment and $(0.2) million for the Home Lending segment [8] - Noninterest income totaled $5.2 million, with noninterest expenses at $25.5 million for the quarter [8] Segment Reporting - The Commercial and Consumer Banking segment generated a net income of $7.4 million, while the Home Lending segment contributed $351,000 for Q2 2025 [7][8] - Total average assets for the Commercial and Consumer Banking segment were $2.47 billion, and for the Home Lending segment, $649.4 million [8] - The company operates through two segments: Commercial and Consumer Banking, and Home Lending, providing a range of financial products and services [5] Asset Summary - Total assets increased by $109.9 million, or 4%, to $3.18 billion compared to the previous quarter, and by $234.6 million, or 8%, from the same period last year [14] - Loans receivable, net increased to $2.58 billion, reflecting a focus on balance sheet growth through loan origination [14][16] - The company’s regulatory capital ratios were 14.1% for total risk-based capital and 11.2% for Tier 1 leverage capital as of June 30, 2025 [7]