John Marshall Bancorp, Inc. reported net income of $7.5 million for the quarter ended September 30, 2026, a 39.5% increase compared to the same period in 2025. Diluted earnings per common share rose to $0.53 for the third quarter of 2026, up from $0.38 in the prior year. The company achieved an annualized return on average assets (ROAA) of 1.23% and an annualized return on average equity (ROAE) of 10.78% for the quarter.
Net interest income for the three months ended September 30, 2026, totaled $17.8 million, representing a 10.4% increase over the linked quarter and a 14.0% increase over the prior-year quarter. Net interest margin grew to 2.91% from 2.72% in the third quarter of 2025. Total deposits increased $71.3 million, or 14.2% annualized, during the most recent quarter, while total assets stood at $2.44 billion as of September 30, 2026.
The company announced a pending merger agreement with Eagle Financial Services, Inc. Under the terms of the all-stock agreement, Eagle will merge with and into John Marshall Bancorp. The combined entity is projected to have approximately $4.3 billion in assets and 23 banking offices, with the transaction expected to close during the first quarter of 2027 subject to regulatory and shareholder approvals.
John Marshall Bancorp declared a quarterly cash dividend of $0.10 per share on October 27, 2026. The dividend is payable on December 2, 2026, to shareholders of record on November 10, 2026. Book value per share increased to $19.64 as of September 30, 2026, from $18.27 a year earlier.
