John Marshall Bancorp reports Q3 EPS 38c vs.30c last year

Reports Q3 revenue $5.4M vs. $4.24M last year. Chris Bergstrom, president and CEO, commented, “The Company is on track to produce a significant increase in loan commitments in 2025. These commitments continue to convert into loan balances. Our year-to-date gross loan production is 34% ahead of last year. Rigorous underwriting and prudent growth take precedence over growth for growth’s sake. During the third quarter, we increased the volume and quality of our funding. We believe that additional Federal Open Market Committee rate reductions and a continuing normalization of the yield curve could enhance our performance trend by increasing loan demand, lowering the cost of funds and further improving net interest margin and profitability. John Marshall has the capital, liquidity, market opportunity and team to support growth and, we believe, increasing shareholder value. The strength and preparedness of our balance sheet enabled us to increase earnings 28% this quarter. We believe having an unfettered balance sheet allows us to focus on organic growth, consider mergers and acquisitions, as appropriate, and drive increased growth and returns.”