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): $22.89
Market Cap: $323.0 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total 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 cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%

Attractive cash flow generation
CFO/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 volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Trading close to highs
Dist 52W High is -3.7%

Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -53%

Key risks
JMSB key risks include [1] heavy geographic business concentration in the Washington, Show more.

0 Attractive yield
Total 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%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%
2 Attractive cash flow generation
CFO/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%
3 Low stock price volatility
Vol 12M is 26%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Trading close to highs
Dist 52W High is -3.7%
6 Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -53%
7 Key risks
JMSB key risks include [1] heavy geographic business concentration in the Washington, Show more.

JMSB in ETFs

Weight = JMSB's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
AVUV0.00%
IWV0.00%
DFAS0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

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.

Show more
Updated on 11/1/2026

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)731202611052026Change
Stock Price ($)23.1022.90-0.9%
Change Contribution By: 
Total Revenues ($ Mil)65685.2%
Net Income Margin (%)34.7%35.8%3.2%
P/E Multiple14.613.2-9.6%
Shares Outstanding (Mil)14141.1%
Cumulative Contribution-0.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
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)430202611052026Change
Stock Price ($)20.8222.9010.0%
Change Contribution By: 
Total Revenues ($ Mil)63688.8%
Net Income Margin (%)33.9%35.8%5.8%
P/E Multiple14.113.2-6.5%
Shares Outstanding (Mil)14142.2%
Cumulative Contribution10.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
JMSB10.0% 
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)1031202511052026Change
Stock Price ($)18.8522.9021.5%
Change Contribution By: 
Total Revenues ($ Mil)586817.2%
Net Income Margin (%)32.5%35.8%10.2%
P/E Multiple14.213.2-7.1%
Shares Outstanding (Mil)14141.3%
Cumulative Contribution21.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
JMSB21.5% 
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)1031202311052026Change
Stock Price ($)17.6022.9030.1%
Change Contribution By: 
Total Revenues ($ Mil)64686.4%
Net Income Margin (%)42.2%35.8%-15.0%
P/E Multiple9.213.243.6%
Shares Outstanding (Mil)14140.2%
Cumulative Contribution30.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
JMSB30.1% 
Market (SPY)81.3%32.1%
Sector (XLF)85.5%40.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
JMSB Return0%137%-21%-10%1%16%99%
Peers Return31%-7%-9%-3%6%25%42%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
JMSB Win Rate0%42%50%58%50%64% 
Peers Win Rate65%35%43%42%52%51% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
JMSB Max Drawdown0%-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

EventJMSBS&P 500
2025 US Tariff Shock
  % Loss-26.5%-18.8%
  % Gain to Breakeven36.0%23.1%
  Time to Breakeven78 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.4%-9.5%
  % Gain to Breakeven22.6%10.5%
  Time to Breakeven22 days24 days
2020 COVID-19 Crash
  % Loss-44.4%-33.7%
  % Gain to Breakeven80.0%50.9%
  Time to Breakeven765 days140 days

Compare to EGBN, BHRB, FVCB, FRST, UBSI

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.

EventJMSBS&P 500
2025 US Tariff Shock
  % Loss-26.5%-18.8%
  % Gain to Breakeven36.0%23.1%
  Time to Breakeven78 days79 days
2020 COVID-19 Crash
  % Loss-44.4%-33.7%
  % Gain to Breakeven80.0%50.9%
  Time to Breakeven765 days140 days

Compare to EGBN, BHRB, FVCB, FRST, UBSI

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.

AI Analysis | Feedback

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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AI Analysis | Feedback

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:

  1. 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.
  2. 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):

  1. 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.
  2. 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.
  3. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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

JMSB has outperformed 83% of its 262 Regional Banks peers over 5Y. Among the peers that beat it is FCNCA. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that JMSB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
36%
of 281 industry peers · 23.7% return
3Y
10%
of 273 industry peers · 31.2% return
5Y
83%
of 262 industry peers · 99.0% return
Regional Banks peers with revenue growth within 4pp of JMSB's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 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
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is JMSB's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y 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%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

JMSBEGBNBHRBFVCBFRSTUBSIMedian
NameJohn Mar.Eagle Ba.Burke & .FVCBankc.Primis F.United B. 
Mkt Price22.8933.6169.8916.2914.6648.3828.25
Mkt Cap0.31.01.30.30.46.70.7
Rev LTM68301359721721,280236
Op Inc LTM-------
FCF LTM22538632-4353442
FCF 3Y Avg209870231147247
CFO LTM22619732-4355646
CFO 3Y Avg2010180231248852

Growth & Margins

JMSBEGBNBHRBFVCBFRSTUBSIMedian
NameJohn Mar.Eagle Ba.Burke & .FVCBankc.Primis F.United B. 
Rev Chg LTM17.2%-0.3%8.6%16.3%0.9%14.6%11.6%
Rev Chg 3Y Avg15.0%-3.9%52.9%10.0%6.7%6.3%8.4%
Rev Chg Q21.7%-1.5%23.0%20.9%54.9%5.8%21.3%
QoQ Delta Rev Chg LTM5.2%-0.4%5.8%5.0%12.9%1.4%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 LTM31.7%20.3%27.1%43.9%-24.8%43.4%29.4%
CFO/Rev 3Y Avg40.9%33.2%21.0%39.1%11.8%42.6%36.1%
FCF/Rev LTM31.7%17.6%24.1%43.8%-25.1%41.7%27.9%
FCF/Rev 3Y Avg40.1%32.1%16.5%38.8%11.6%41.3%35.5%

Valuation

JMSBEGBNBHRBFVCBFRSTUBSIMedian
NameJohn Mar.Eagle Ba.Burke & .FVCBankc.Primis F.United B. 
Mkt Cap0.31.01.30.30.46.70.7
P/S4.73.43.64.12.15.23.8
P/Op Inc-------
P/EBIT-------
P/E13.2-21.213.311.46.813.012.2
P/CFO14.916.813.39.3-8.512.012.6
Total Yield8.4%-4.1%10.4%10.3%17.5%10.9%10.4%
Dividend Yield0.8%0.6%2.9%1.5%2.8%3.2%2.2%
FCF Yield 3Y Avg7.3%14.3%6.4%8.7%4.0%9.0%8.0%
D/E0.30.20.50.11.20.10.2
Net D/E-0.2-1.1-0.0-0.80.3-0.3-0.2

Returns

JMSBEGBNBHRBFVCBFRSTUBSIMedian
NameJohn Mar.Eagle Ba.Burke & .FVCBankc.Primis F.United B. 
1M Rtn-0.1%19.0%1.0%-7.1%-5.3%5.0%0.5%
3M Rtn-2.0%20.6%-4.5%-12.7%-9.5%0.4%-3.2%
6M Rtn7.5%28.3%11.9%3.9%1.8%13.3%9.7%
12M Rtn23.6%103.7%18.7%34.3%37.8%37.5%35.9%
3Y Rtn31.1%60.0%75.0%47.9%66.0%79.1%63.0%
1M Excs Rtn1.9%21.4%3.4%-4.9%-2.4%8.2%2.6%
3M Excs Rtn-1.0%22.2%-3.2%-10.8%-8.9%1.8%-2.1%
6M Excs Rtn2.7%23.5%7.1%-0.9%-3.0%8.5%4.9%
12M Excs Rtn9.0%92.6%8.5%23.7%26.7%25.8%24.7%
3Y Excs Rtn-53.2%5.6%-8.9%-30.3%-10.3%8.3%-9.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
The Bank6353367268
Total6353367268


Price Behavior

Price Behavior
Market Price$22.90 
Market Cap ($ Bil)0.3 
First Trading Date11/21/2013 
Distance from 52W High-3.7% 
   50 Days200 Days
DMA Price$23.05$21.59
DMA Trendindeterminateup
Distance from DMA-0.6%6.1%
 3M1YR
Volatility16.4%25.8%
Downside Capture7.1418.50
Upside Capture13.5843.01
Correlation (S&P 500)9.7%9.8%
JMSB Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.230.110.210.180.200.84
Up Beta-0.770.010.63-0.18-0.180.91
Down Beta0.380.270.040.110.210.82
Up Capture-37%9%12%33%33%47%
Bmk +ve Days12182862130427
Stock +ve Days11243264128375
Down Capture-51%6%20%25%25%95%
Bmk -ve Days10253664121325
Stock -ve Days10183159117363

[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
JMSB22.7%25.8%0.75-
Sector ETF (XLF)11.1%15.2%0.4737.0%
Equity (SPY)9.5%13.6%0.4112.8%
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%0.5531.5%
Bitcoin (BTCUSD)-20.8%43.3%-0.424.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with JMSB
JMSB1.7%42.1%0.16-
Sector ETF (XLF)9.1%18.4%0.3635.6%
Equity (SPY)11.3%17.3%0.4829.3%
Gold (GLD)17.5%19.1%0.741.7%
Commodities (DBC)8.0%19.6%0.291.8%
Real Estate (VNQ)1.2%18.9%-0.0527.4%
Bitcoin (BTCUSD)5.9%51.5%0.2912.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
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%0.5442.9%
Equity (SPY)14.9%18.0%0.7037.9%
Gold (GLD)12.0%16.5%0.594.7%
Commodities (DBC)7.6%18.1%0.339.3%
Real Estate (VNQ)5.7%20.7%0.2337.3%
Bitcoin (BTCUSD)61.3%66.2%1.0116.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 93020268.1%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity14.0 Mil
Short % of Basic Shares2.7%

Earnings Returns History

Updated 9/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20261.1%7.5%4.7%
4/29/2026-3.4%-0.4%-1.4%
1/28/20260.1%5.1%0.5%
10/29/2025-2.8%-1.3%4.2%
7/23/20251.1%-1.7%0.8%
4/23/20253.3%11.9%17.3%
1/29/20252.4%2.4%-2.9%
10/23/20241.5%0.5%3.4%
...
SUMMARY STATS   
# Positive101012
# Negative775
Median Positive1.3%3.8%3.9%
Median Negative-2.9%-2.9%-10.7%
Max Positive3.3%11.9%17.3%
Max Negative-6.7%-19.1%-15.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20261.1%7.5%4.7%
4/29/2026-3.4%-0.4%-1.4%
1/28/20260.1%5.1%0.5%
10/29/2025-2.8%-1.3%4.2%
7/23/20251.1%-1.7%0.8%
4/23/20253.3%11.9%17.3%
1/29/20252.4%2.4%-2.9%
10/23/20241.5%0.5%3.4%
7/24/20240.2%3.0%0.0%
4/25/20240.0%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%
1/18/20232.1%4.6%10.9%
10/19/2022-0.3%1.8%3.6%
7/20/20221.8%8.4%14.9%
SUMMARY STATS   
# Positive101012
# Negative775
Median Positive1.3%3.8%3.9%
Median Negative-2.9%-2.9%-10.7%
Max Positive3.3%11.9%17.3%
Max Negative-6.7%-19.1%-15.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202503/13/202610-K
09/30/202511/14/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/28/202510-K
09/30/202411/13/202410-Q
06/30/202408/13/202410-Q
03/31/202405/14/202410-Q
12/31/202303/20/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/23/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/08/202610-Q
12/31/202503/13/202610-K
09/30/202511/14/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/28/202510-K
09/30/202411/13/202410-Q
06/30/202408/13/202410-Q
03/31/202405/14/202410-Q
12/31/202303/20/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
03/31/202205/25/202210-Q

Insider Activity

Updated 8/28/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chase, PhilipDirectBuy828202622.961333,054744,088Form
2Kinney, Jonathan CraigDirectBuy828202622.921,11925,6477,563,623Form
3Kinney, Jonathan CraigSee footnoteBuy828202622.921,23828,3756,415,904Form
4Mahan, Oscar LelandDirectBuy605202621.031793,7641,997,450Form
5Kinney, Jonathan CraigDirectBuy605202621.031,09222,9656,916,388Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chase, PhilipDirectBuy828202622.961333,054744,088Form
2Kinney, Jonathan CraigDirectBuy828202622.921,11925,6477,563,623Form
3Kinney, Jonathan CraigSee footnoteBuy828202622.921,23828,3756,415,904Form
4Mahan, Oscar LelandDirectBuy605202621.031793,7641,997,450Form
5Kinney, Jonathan CraigDirectBuy605202621.031,09222,9656,916,388Form
6Kinney, Jonathan CraigSee footnoteBuy605202621.031,20825,4045,860,809Form
7Kinney, Jonathan CraigDirectBuy1208202519.635009,8156,392,549Form
8Kinney, Jonathan CraigDirectBuy1204202519.331,34526,0036,286,191Form
9Kinney, Jonathan CraigDirectBuy1110202518.905009,4506,119,952Form
10Kinney, Jonathan CraigDirectBuy1106202518.7180014,9656,047,862Form
11Kinney, Jonathan CraigDirectBuy1106202518.954007,5806,111,508Form
12Kinney, Jonathan CraigDirectBuy1103202518.855009,4256,071,717Form
13Carstater, KentCHIEF FINANCIAL OFFICERDirectBuy801202518.435,00092,156979,267Form
14Garcia, Michael ADirectBuy731202519.206,162118,310659,942Form
Core Cache Last Updated: 11/5/2026