John Marshall Bancorp (JMSB)
Market Price (11/6/2026): $22.89 | Market Cap: $323.0 MilSector: Financials | Industry: Regional Banks
John Marshall Bancorp (JMSB)
Market Price (11/6/2026): $22.89Market Cap: $323.0 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 6.7% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Trading close to highsDist 52W High is -3.7% Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -53% | Key risksJMSB key risks include [1] heavy geographic business concentration in the Washington, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 6.7% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -3.7% |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -53% |
| Key risksJMSB key risks include [1] heavy geographic business concentration in the Washington, Show more. |
Qualitative Assessment
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John Marshall Bancorp (JMSB) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Strong Core Financial Performance in Fiscal Q3 2026.
John Marshall Bancorp reported robust results for fiscal Q3 2026 (ending September 30, 2026), with net income increasing 39.5% year-over-year to $7.5 million and diluted earnings per share (EPS) of $0.53, surpassing the consensus estimate of $0.50. This marked the ninth consecutive quarter of net income growth for the company. The strong performance was further underscored by a 14.0% increase in net interest income to $17.8 million and an expanded net interest margin of 2.91%, reflecting sound operational efficiency and favorable interest rate dynamics.
2. Anticipated Merger with Eagle Financial Services.
The announcement of an all-stock merger agreement with Eagle Financial Services on September 8, 2026, presented both future growth opportunities and near-term balancing factors. While this merger is projected to create a combined entity with approximately $4.3 billion in assets and is expected to close in fiscal Q1 2027, it introduced merger-related expenses of $332 thousand during fiscal Q3 2026. The associated integration complexities and reported investor investigations concerning the fairness of the deal terms likely tempered immediate upward stock momentum despite the strong organic performance.
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John Marshall Bancorp (JMSB) stock has remained largely at the same level since 7/31/2026 because of the following key factors:
1. Strong Core Financial Performance in Fiscal Q3 2026.
John Marshall Bancorp reported robust results for fiscal Q3 2026 (ending September 30, 2026), with net income increasing 39.5% year-over-year to $7.5 million and diluted earnings per share (EPS) of $0.53, surpassing the consensus estimate of $0.50. This marked the ninth consecutive quarter of net income growth for the company. The strong performance was further underscored by a 14.0% increase in net interest income to $17.8 million and an expanded net interest margin of 2.91%, reflecting sound operational efficiency and favorable interest rate dynamics.
2. Anticipated Merger with Eagle Financial Services.
The announcement of an all-stock merger agreement with Eagle Financial Services on September 8, 2026, presented both future growth opportunities and near-term balancing factors. While this merger is projected to create a combined entity with approximately $4.3 billion in assets and is expected to close in fiscal Q1 2027, it introduced merger-related expenses of $332 thousand during fiscal Q3 2026. The associated integration complexities and reported investor investigations concerning the fairness of the deal terms likely tempered immediate upward stock momentum despite the strong organic performance.
3. Balanced Macroeconomic Landscape and Analyst Sentiment.
During fiscal Q3 2026, the broader macroeconomic environment for regional banks was characterized by a stable labor market and healthy bank lending. However, persistent inflation and a hawkish Federal Reserve, which implemented a federal funds rate hike on September 16, 2026 (the first since 2023), contributed to increased long-bond yields. Although John Marshall Bancorp successfully expanded its net interest margin, the overall sector's exposure to higher interest rate dynamics and increased cost of deposits likely moderated investor enthusiasm. Analyst ratings for JMSB generally held a "Moderate Buy" consensus with average price targets ranging from $25.00 to $27.00, suggesting that the company's positive outlook was largely priced into its stable stock valuation.
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Stock Movement Drivers
Fundamental Drivers
The -0.9% change in JMSB stock from 7/31/2026 to 11/5/2026 was primarily driven by a -9.6% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.10 | 22.90 | -0.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 65 | 68 | 5.2% |
| Net Income Margin (%) | 34.7% | 35.8% | 3.2% |
| P/E Multiple | 14.6 | 13.2 | -9.6% |
| Shares Outstanding (Mil) | 14 | 14 | 1.1% |
| Cumulative Contribution | -0.9% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| JMSB | -0.9% | |
| Market (SPY) | -1.9% | 32.3% |
| Sector (XLF) | 1.0% | 47.7% |
Fundamental Drivers
The 10.0% change in JMSB stock from 4/30/2026 to 11/5/2026 was primarily driven by a 8.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.82 | 22.90 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 63 | 68 | 8.8% |
| Net Income Margin (%) | 33.9% | 35.8% | 5.8% |
| P/E Multiple | 14.1 | 13.2 | -6.5% |
| Shares Outstanding (Mil) | 14 | 14 | 2.2% |
| Cumulative Contribution | 10.0% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| JMSB | 10.0% | |
| Market (SPY) | 2.3% | 19.1% |
| Sector (XLF) | 10.7% | 45.0% |
Fundamental Drivers
The 21.5% change in JMSB stock from 10/31/2025 to 11/5/2026 was primarily driven by a 17.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.85 | 22.90 | 21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 58 | 68 | 17.2% |
| Net Income Margin (%) | 32.5% | 35.8% | 10.2% |
| P/E Multiple | 14.2 | 13.2 | -7.1% |
| Shares Outstanding (Mil) | 14 | 14 | 1.3% |
| Cumulative Contribution | 21.5% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| JMSB | 21.5% | |
| Market (SPY) | 8.4% | 12.9% |
| Sector (XLF) | 11.1% | 36.9% |
Fundamental Drivers
The 30.1% change in JMSB stock from 10/31/2023 to 11/5/2026 was primarily driven by a 43.6% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.60 | 22.90 | 30.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 64 | 68 | 6.4% |
| Net Income Margin (%) | 42.2% | 35.8% | -15.0% |
| P/E Multiple | 9.2 | 13.2 | 43.6% |
| Shares Outstanding (Mil) | 14 | 14 | 0.2% |
| Cumulative Contribution | 30.1% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| JMSB | 30.1% | |
| Market (SPY) | 81.3% | 32.1% |
| Sector (XLF) | 85.5% | 40.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JMSB Return | 0% | 137% | -21% | -10% | 1% | 16% | 99% |
| Peers Return | 31% | -7% | -9% | -3% | 6% | 25% | 42% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| JMSB Win Rate | 0% | 42% | 50% | 58% | 50% | 64% | |
| Peers Win Rate | 65% | 35% | 43% | 42% | 52% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| JMSB Max Drawdown | 0% | -24% | -45% | -32% | -29% | -9% | |
| Peers Max Drawdown | -16% | -22% | -47% | -29% | -28% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EGBN, BHRB, FVCB, FRST, UBSI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | JMSB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.5% | -18.8% |
| % Gain to Breakeven | 36.0% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.4% | -9.5% |
| % Gain to Breakeven | 22.6% | 10.5% |
| Time to Breakeven | 22 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.4% | -33.7% |
| % Gain to Breakeven | 80.0% | 50.9% |
| Time to Breakeven | 765 days | 140 days |
In The Past
John Marshall Bancorp's stock fell -26.5% during the 2025 US Tariff Shock. Such a loss loss requires a 36.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | JMSB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.5% | -18.8% |
| % Gain to Breakeven | 36.0% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.4% | -33.7% |
| % Gain to Breakeven | 80.0% | 50.9% |
| Time to Breakeven | 765 days | 140 days |
In The Past
John Marshall Bancorp's stock fell -26.5% during the 2025 US Tariff Shock. Such a loss loss requires a 36.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About John Marshall Bancorp (JMSB)
John Marshall Bancorp, Inc. (JMSB) operates as the bank holding company for John Marshall Bank, providing a comprehensive range of banking products and services. Founded in 2005 and headquartered in Reston, Virginia, the company serves both individual consumers and businesses within its target markets.
The bank's core offerings include various deposit accounts, such as checking, savings, and money market accounts. On the lending side, JMSB provides a diverse array of loan products, including personal term loans, car loans, home equity lines of credit, business loans, and mortgages. Beyond traditional banking, it also offers services like debit and credit cards, insurance products, treasury management solutions, and convenient online and mobile banking platforms.
JMSB primarily serves customers in the greater Washington D.C. metropolitan area. As of early 2021, the company maintained eight full-service branches located in key areas such as Alexandria, Arlington, Loudoun, Prince William, Reston, Rockville, Tysons, and Washington, D.C., complemented by a loan production office in Arlington, Virginia. This regional focus allows John Marshall Bank to cater to the specific financial needs of the communities within this dynamic corridor.
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John Marshall Bancorp is:
- A community bank version of Bank of America, specifically serving the Washington D.C. metro area.
- A local bank for Northern Virginia and D.C., similar to how a neighborhood branch of Wells Fargo operates.
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- Deposit Accounts: The company offers checking, savings, and money market accounts for individuals and businesses.
- Loan Products: A comprehensive suite of loan products includes personal, auto, home equity, business, overdraft lines of credit, certificate of deposit secured loans, and mortgages.
- Card Services: Customers are provided with both debit and credit cards for various payment and transaction needs.
- Insurance Products: The bank also offers various insurance products to help customers manage their financial risks.
- Treasury Management Services: Services designed for businesses to optimize their cash flow, manage payments, and enhance liquidity.
- Digital Banking: This includes online and mobile banking services, providing convenient access to accounts and transactions.
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John Marshall Bancorp (JMSB), operating as John Marshall Bank, primarily serves customers within its local geographic footprint, which includes the Greater Washington D.C. metropolitan area (Northern Virginia, Maryland, and Washington D.C.). As a bank, its customer base consists of a broad range of individuals and businesses, rather than a few identifiable "major customer companies" in the traditional sense.
Based on the banking products and services offered, John Marshall Bancorp serves the following categories of customers:
- Individual Consumers: This category includes residents within the bank's service areas who utilize personal banking products such as checking, savings, and money market accounts, as well as various loan products like car loans, personal term loans, home equity lines of credit, and mortgages. They also use debit and credit cards and online/mobile banking services.
- Small to Medium-Sized Businesses: Businesses operating in the bank's geographic region are a key customer segment. They leverage commercial banking products including business loans, lines of credit, business checking and savings accounts, treasury management services, and online banking solutions tailored for businesses.
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Christopher W. Bergstrom, President & Chief Executive Officer
Mr. Bergstrom has over 43 years of experience in banking. He joined John Marshall Bancorp in 2018. Prior to his current role, he was the Founder, President, and CEO of Cardinal Bank. He later served as President of United Bank after Cardinal Bank was acquired.
Kent D. Carstater, Senior Executive Vice President, Principal Accounting Officer and Chief Financial Officer
Mr. Carstater possesses over 26 years of financial services experience, including roles as a commercial banker and investment banker. He joined John Marshall Bancorp in 2016 and has been the CFO of John Marshall Bank since June 2017. Previously, he served as SVP and Treasurer at the Bank of Georgetown. He also advised community bank executives on strategic matters, including capital offerings and mergers and acquisitions, as an investment banker. Notably, he founded a private equity firm focused on investing in community and regional banks.
Andrew J. Peden, Senior Executive Vice President and Chief Banking Officer
Mr. Peden has over 24 years of banking experience, all within the Washington, D.C. Metropolitan Statistical Area. He joined John Marshall Bancorp in 2018.
Kelly Bell, Executive Vice President & Chief Operating Officer
Ms. Bell serves as the Executive Vice President and Chief Operating Officer.
Charles Kapur, Senior Vice President, Director of Deposit Services
Mr. Kapur joined John Marshall Bank as Senior Vice President, Director of Deposit Services. He has over 18 years of banking experience and previously served as the President and CEO of the Greater Reston Chamber of Commerce for nearly six years, where he developed strong community ties and leadership capabilities.
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Key Risks to John Marshall Bancorp (JMSB):
- Concentration in the Washington, D.C. Metropolitan Area: John Marshall Bancorp's business is highly concentrated within the Washington, D.C. metropolitan area. This geographical concentration exposes the company to significant risks tied to regional economic and political shifts, including potential changes in U.S. government spending and federal workforce adjustments.
- Highly Competitive Banking Market: The banking market in the Washington, D.C. region is intensely competitive, characterized by the presence of numerous local, regional, national, and non-bank financial institutions, as well as fintech companies. This competitive landscape makes it challenging for John Marshall Bancorp to differentiate its services, maintain existing deposit relationships, attract new deposits, and compete effectively with larger financial entities.
- Interest Rate and Liquidity Risks: The company faces inherent interest rate risks, particularly in environments with rising rates or economic downturns, which can lead to reduced net interest margins or decreased fair value of financial instruments. Additionally, John Marshall Bancorp is exposed to liquidity risks, which are crucial for maintaining stable operations and meeting financial obligations.
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The clear emerging threats for John Marshall Bancorp are digital-only banks (neobanks) and specialized fintech companies. These entities leverage technology and new business models to offer core banking services, such as deposit accounts, lending, and payment solutions, primarily through online and mobile platforms. This challenges John Marshall Bancorp's traditional branch-based model by providing consumers with more convenient, often lower-cost, and digitally seamless alternatives that can attract customers away from established regional banks.
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For John Marshall Bancorp (symbol: JMSB), the addressable markets for its main products and services are primarily within the Washington D.C. Metropolitan Area, which includes Northern Virginia, and parts of Maryland.
Here are the estimated market sizes for their main product categories:
- Deposits (Checking, Savings, Money Market Accounts): The total deposits across Virginia were approximately $296 billion in 2024. John Marshall Bank itself reported $1.98 billion in deposits in its latest filing.
- Mortgage Loans (Residential Mortgages, Home Equity Lines of Credit):
- In the Washington-Arlington-Alexandria, DC-VA-MD-WV core-based statistical area, the mortgage market is projected to have over $40 billion in purchase loan volume from nearly 70,000 purchase loan originations in 2025.
- Across Virginia, new home loans booked in 2024 amounted to $35.2 billion, comprising 81,259 loans, with a median new home loan size of $375,000.
- Commercial/Business Loans (Business Loans, Commercial Real Estate Loans, Commercial and Industrial Loans, Construction and Development Loans):
- The Commercial Banking industry in Washington (D.C. metropolitan area) experienced an average annual growth rate of 8.6% from 2020 to 2025, indicating a substantial and expanding market.
- In Virginia, small business loans totaled $14 billion in 2024, with 595.6 thousand loans issued.
- Northern Virginia is noted as having the deepest lender pool in the state for commercial lending, with strong demand for industrial, multifamily, and government-adjacent assets.
- Consumer Loans (Personal Term Loans and Lines of Credit, Car Loans, Overdraft Lines of Credit): The North American consumer credit market, which includes these types of loans, was valued at $11.8 billion in 2022 and is projected to reach $24.3 billion by 2032. This represents a broader market, as specific regional data for consumer loans within John Marshall Bancorp's immediate operating area is not readily available.
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Here are 3-5 expected drivers of future revenue growth for John Marshall Bancorp (JMSB) over the next 2-3 years:
- Sustained Loan Portfolio Growth: John Marshall Bancorp has demonstrated strong loan demand and growth, with its loan portfolio increasing by $103.2 million, or 5.5%, in 2025. This momentum continued into Q4 2025 with an annualized growth of 7.6% and a robust loan pipeline of $139.7 million in new commitments, which is expected to provide a tailwind for 2026. The company is committed to disciplined growth in its loan portfolio.
- Net Interest Margin Expansion: The company has experienced growth in its net interest income, driven by margin expansion. In Q4 2025, net interest income increased by 13.3% from the previous year, and the net interest margin expanded to 2.73% from 2.52% in Q4 2024. Management anticipates that potential Federal Open Market Committee (FOMC) rate reductions and a normalization of the yield curve could further enhance profitability.
- Market Share Expansion in a Growing Regional Economy: John Marshall Bancorp operates in the Washington, D.C. metropolitan area, a region characterized by considerable population and economic growth. The company expects the continued economic strength of its market to enable it to grow its customer base and increase its market share.
- Strategic Recruitment and Relationship-Based Banking: The company emphasizes its ability to recruit and retain talented, customer service-oriented professionals as central to growing and expanding banking relationships. Recent hires, such as a VP, Commercial Lender for the Alexandria market and the expansion of its GovCon Team in Tysons in early 2026, indicate a continued focus on leveraging skilled personnel to attract new customers and deepen existing relationships within its service areas.
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Share Repurchases
- John Marshall Bancorp, Inc. extended a stock repurchase program, originally adopted in 2021, through August 31, 2026.
- The program authorizes the company to repurchase up to 700,000 shares of its common stock, which represents approximately 5% of its outstanding shares.
- As of August 19, 2025, the company had repurchased 93,103 shares, totaling approximately $1.6 million, under this program. For the twelve months ending December 31, 2025, 135,640 shares were repurchased at a weighted average price of $17.80.
Share Issuance
- John Marshall Bancorp, Inc. is authorized to issue 30,000,000 shares of voting common stock, 1,000,000 shares of nonvoting common stock, and 1,000,000 shares of preferred stock, all with a par value of $0.01 per share.
- As of December 31, 2025, the common stock was the only class of its securities registered under Section 12 of the Securities Exchange Act of 1934.
Capital Expenditures
- John Marshall Bancorp, Inc.'s Capital Expenditure was USD -33.0 thousand in 2025.
- Free cash flow, representing cash available after capital expenditures, was $1.2 million in Q3 2025, which was an 83.9% decrease from the prior quarter.
- Capital expenditures for Q3 2025 were $33 thousand.
Peer Outperformance in Regional Banks
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| JMSB | John Marshall Bancorp | 15.0% | 13.2x | 23.7% | 31.2% | 99.0% | — |
| FCNCA | First Citizens BancShares | 18.0% | 11.3x | 28.5% | 63.3% | 175.5% | +77pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 33.1% | 75.7% | 125.1% | SPNT 168% · RGA 162% · RNR 141% |
| Investment Banking & Brokerage | 13 | -3.9% | 89.1% | 93.1% | IBKR 305% · SNEX 152% · GS 141% |
| Diversified Banks | 12 | 30.0% | 140.4% | 90.3% | CM 144% · RY 129% · JPM 127% |
| Life & Health Insurance | 20 | 14.3% | 52.3% | 75.4% | JXN 514% · UNM 224% · FG 188% |
| Property & Casualty Insurance | 42 | 18.9% | 76.8% | 66.8% | TRV 178% · PGR 172% · ACGL 168% |
| Multi-Sector Holdings | 3 | 10.1% | 53.8% | 59.4% | BRK-B 99% · VOYA 59% · JEF 37% |
| Multi-line Insurance | 9 | 9.5% | 71.4% | 59.4% | AIZ 105% · GNW 104% · L 98% |
| Regional Banks ← | 263 | 30.0% | 87.5% | 46.7% | CBC 268% · FCNCA 176% · NIC 136% |
| Insurance Brokers | 15 | 5.5% | 13.4% | 33.4% | LIFE 287% · ARX 89% · WTW 56% |
| Financial Exchanges & Data | 15 | 20.6% | 37.2% | 27.9% | CBOE 183% · VIRT 131% · CME 71% |
| Asset Management & Custody Banks | 83 | -5.9% | 22.8% | 12.3% | VCTR 210% · AAMI 207% · WT 205% |
| Consumer Finance | 30 | 2.9% | 81.0% | 8.1% | ENVA 330% · FCFS 130% · ECPG 111% |
| Commercial & Residential Mortgage Finance | 14 | -46.5% | 36.8% | 2.5% | FNMA 327% · FMCC 293% · ACT 158% |
| Diversified Financial Services | 4 | -1.6% | 20.1% | -1.1% | FRHC 153% · EQH 71% |
| Specialized Finance | 3 | 15.8% | 31.5% | -19.7% | HASI -20% · CACC -24% |
| Transaction & Payment Processing Services | 17 | 19.3% | 9.1% | -29.4% | V 103% · MA 94% · CPAY 83% |
| Mortgage REITs | 35 | -18.0% | -6.1% | -37.2% | RITM 36% · DX 17% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.1% | -8.5% | -70.1% | LPLA 83% · TW 38% · RIOT -53% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| John Marshall Bancorp Stock Fell 5.1% in a Month, What Now? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.25 |
| Mkt Cap | 0.7 |
| Rev LTM | 236 |
| Op Inc LTM | - |
| FCF LTM | 42 |
| FCF 3Y Avg | 47 |
| CFO LTM | 46 |
| CFO 3Y Avg | 52 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.6% |
| Rev Chg 3Y Avg | 8.4% |
| Rev Chg Q | 21.3% |
| QoQ Delta Rev Chg LTM | 5.1% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 29.4% |
| CFO/Rev 3Y Avg | 36.1% |
| FCF/Rev LTM | 27.9% |
| FCF/Rev 3Y Avg | 35.5% |
Price Behavior
| Market Price | $22.90 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 11/21/2013 | |
| Distance from 52W High | -3.7% | |
| 50 Days | 200 Days | |
| DMA Price | $23.05 | $21.59 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -0.6% | 6.1% |
| 3M | 1YR | |
| Volatility | 16.4% | 25.8% |
| Downside Capture | 7.14 | 18.50 |
| Upside Capture | 13.58 | 43.01 |
| Correlation (S&P 500) | 9.7% | 9.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.23 | 0.11 | 0.21 | 0.18 | 0.20 | 0.84 |
| Up Beta | -0.77 | 0.01 | 0.63 | -0.18 | -0.18 | 0.91 |
| Down Beta | 0.38 | 0.27 | 0.04 | 0.11 | 0.21 | 0.82 |
| Up Capture | -37% | 9% | 12% | 33% | 33% | 47% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 11 | 24 | 32 | 64 | 128 | 375 |
| Down Capture | -51% | 6% | 20% | 25% | 25% | 95% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 18 | 31 | 59 | 117 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JMSB | |
|---|---|---|---|---|
| JMSB | 22.7% | 25.8% | 0.75 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 37.0% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 12.8% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | -1.3% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -22.2% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 31.5% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 4.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JMSB | |
|---|---|---|---|---|
| JMSB | 1.7% | 42.1% | 0.16 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 35.6% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 29.3% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 1.7% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 1.8% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 27.4% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 12.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JMSB | |
|---|---|---|---|---|
| JMSB | -2.3% | 42.6% | 0.02 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 42.9% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 37.9% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 4.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 9.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 37.3% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 1.1% | 7.5% | 4.7% |
| 4/29/2026 | -3.4% | -0.4% | -1.4% |
| 1/28/2026 | 0.1% | 5.1% | 0.5% |
| 10/29/2025 | -2.8% | -1.3% | 4.2% |
| 7/23/2025 | 1.1% | -1.7% | 0.8% |
| 4/23/2025 | 3.3% | 11.9% | 17.3% |
| 1/29/2025 | 2.4% | 2.4% | -2.9% |
| 10/23/2024 | 1.5% | 0.5% | 3.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 12 |
| # Negative | 7 | 7 | 5 |
| Median Positive | 1.3% | 3.8% | 3.9% |
| Median Negative | -2.9% | -2.9% | -10.7% |
| Max Positive | 3.3% | 11.9% | 17.3% |
| Max Negative | -6.7% | -19.1% | -15.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/22/2026 | 1.1% | 7.5% | 4.7% |
| 4/29/2026 | -3.4% | -0.4% | -1.4% |
| 1/28/2026 | 0.1% | 5.1% | 0.5% |
| 10/29/2025 | -2.8% | -1.3% | 4.2% |
| 7/23/2025 | 1.1% | -1.7% | 0.8% |
| 4/23/2025 | 3.3% | 11.9% | 17.3% |
| 1/29/2025 | 2.4% | 2.4% | -2.9% |
| 10/23/2024 | 1.5% | 0.5% | 3.4% |
| 7/24/2024 | 0.2% | 3.0% | 0.0% |
| 4/25/2024 | 0.0% | 0.1% | 0.0% |
| 1/24/2024 | -1.2% | -2.9% | -12.1% |
| 10/18/2023 | -2.9% | -14.2% | 5.0% |
| 7/21/2023 | -4.3% | -5.1% | -10.7% |
| 4/19/2023 | -6.7% | -19.1% | -15.6% |
| 1/18/2023 | 2.1% | 4.6% | 10.9% |
| 10/19/2022 | -0.3% | 1.8% | 3.6% |
| 7/20/2022 | 1.8% | 8.4% | 14.9% |
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 12 |
| # Negative | 7 | 7 | 5 |
| Median Positive | 1.3% | 3.8% | 3.9% |
| Median Negative | -2.9% | -2.9% | -10.7% |
| Max Positive | 3.3% | 11.9% | 17.3% |
| Max Negative | -6.7% | -19.1% | -15.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/20/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/20/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
| 03/31/2022 | 05/25/2022 | 10-Q |
Insider Activity
Updated 8/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chase, Philip | Direct | Buy | 8282026 | 22.96 | 133 | 3,054 | 744,088 | Form | |
| 2 | Kinney, Jonathan Craig | Direct | Buy | 8282026 | 22.92 | 1,119 | 25,647 | 7,563,623 | Form | |
| 3 | Kinney, Jonathan Craig | See footnote | Buy | 8282026 | 22.92 | 1,238 | 28,375 | 6,415,904 | Form | |
| 4 | Mahan, Oscar Leland | Direct | Buy | 6052026 | 21.03 | 179 | 3,764 | 1,997,450 | Form | |
| 5 | Kinney, Jonathan Craig | Direct | Buy | 6052026 | 21.03 | 1,092 | 22,965 | 6,916,388 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chase, Philip | Direct | Buy | 8282026 | 22.96 | 133 | 3,054 | 744,088 | Form | |
| 2 | Kinney, Jonathan Craig | Direct | Buy | 8282026 | 22.92 | 1,119 | 25,647 | 7,563,623 | Form | |
| 3 | Kinney, Jonathan Craig | See footnote | Buy | 8282026 | 22.92 | 1,238 | 28,375 | 6,415,904 | Form | |
| 4 | Mahan, Oscar Leland | Direct | Buy | 6052026 | 21.03 | 179 | 3,764 | 1,997,450 | Form | |
| 5 | Kinney, Jonathan Craig | Direct | Buy | 6052026 | 21.03 | 1,092 | 22,965 | 6,916,388 | Form | |
| 6 | Kinney, Jonathan Craig | See footnote | Buy | 6052026 | 21.03 | 1,208 | 25,404 | 5,860,809 | Form | |
| 7 | Kinney, Jonathan Craig | Direct | Buy | 12082025 | 19.63 | 500 | 9,815 | 6,392,549 | Form | |
| 8 | Kinney, Jonathan Craig | Direct | Buy | 12042025 | 19.33 | 1,345 | 26,003 | 6,286,191 | Form | |
| 9 | Kinney, Jonathan Craig | Direct | Buy | 11102025 | 18.90 | 500 | 9,450 | 6,119,952 | Form | |
| 10 | Kinney, Jonathan Craig | Direct | Buy | 11062025 | 18.71 | 800 | 14,965 | 6,047,862 | Form | |
| 11 | Kinney, Jonathan Craig | Direct | Buy | 11062025 | 18.95 | 400 | 7,580 | 6,111,508 | Form | |
| 12 | Kinney, Jonathan Craig | Direct | Buy | 11032025 | 18.85 | 500 | 9,425 | 6,071,717 | Form | |
| 13 | Carstater, Kent | CHIEF FINANCIAL OFFICER | Direct | Buy | 8012025 | 18.43 | 5,000 | 92,156 | 979,267 | Form |
| 14 | Garcia, Michael A | Direct | Buy | 7312025 | 19.20 | 6,162 | 118,310 | 659,942 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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