JMSB 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

JMSB ▲ +1.72% at T+20d

LONG call ✓ call won +1.72% · α vs SPY -3.74% · entry $20.88 → $21.24

Next anchor: T+60d in 6w

Last close $21.58 (close Jun 8) · +3.35% from $20.88 entry

Entry anchored
Apr 28, 03:59 PM ET
via Databento tick

T+1d

+0.57%

call +0.57% · α -0.45%

$21.00

settled 6w ago

T+5d

+3.16%

call +3.16% · α +0.05%

$21.54

settled 5w ago

T+20d

+1.72%

call +1.72% · α -3.74%

$21.24

settled 13d ago

T+60d

—

call — · α —

—

in 6w

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Executive Summary

John Marshall Bancorp reported Q1 2026 diluted EPS of $0.43, beating the $0.40 consensus by 7.5%, on total revenue of $16.8M (NII + non-interest income) that modestly exceeded estimates. Net income rose 26.8% YoY driven by the eighth consecutive quarter of net interest margin expansion (2.87%, +29 bps) and 5.5% loan growth. No forward guidance was provided, but the operating momentum is clear.

Actionable Insight

The beat on EPS and continued NIM expansion confirm the bank's positive operating trajectory. Watch for sustainability of NIM improvement in a rate-cutting environment and monitor the SBA-guaranteed non-accrual loan resolution. The lower non-interest income is a headwind but manageable. The stock may see modest upward drift.

Key Facts

Diluted EPS $0.43 vs consensus $0.40 (beat 7.5%)
Net income $6.1M, +26.8% YoY from $4.8M
Net interest margin 2.87%, eighth consecutive quarterly expansion (up 29 bps YoY)
Net interest income $16.5M, +17.1% YoY
Efficiency ratio improved to 53.1% from 56.5%
Loan growth of 5.5% YoY to $1.97B
Non-interest income down 43.8% YoY to $284K (lower insurance commissions and gain on sale)
No charge-offs in Q1; only one SBA-guaranteed non-accrual loan ($984K)

Financial Impact

EPS beat of $0.03 (7.5%) on consensus $0.40; revenue slight beat of ~$293K (1.8%) on $16.5M estimate

epsnet interest incomenet interest marginnet income

Risk Factors

Non-interest income declined 43.8% YoY, driven by lower insurance commissions and gain on sale
Non-interest expense increased 8.2%, outpacing asset growth
One non-accrual loan ($984K) though fully SBA-guaranteed
Interest rate cuts could pressure NIM if deposit costs don't reprice proportionally

Market Snapshot

Exchange

Nasdaq

Sector

State Commercial Banks

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001104659-26-050955
Document: jmsb-20260429x8k.htm	0001104659-26-050955
Document: 0001104659-26-050955-index-headers.html	0001104659-26-050955
Document: 0001104659-26-050955-index.html	0001104659-26-050955
Document: 0001104659-26-050955.txt	0001104659-26-050955
8-K Data (Synthetic)	0001104659-26-050955

5 reports for JMSB

T+1T+5T+20T+60

Filters

Reports for JMSB — sortable, filterable
	Type				Now
Jun 5, 2026 4d ago	Insider Cluster NEUTRAL ★ 3/10	$21.50 awaiting T+20	awaiting T+20	—	$21.58 (+0.37%)
Apr 29, 2026 5w ago	DEFA14A NEUTRAL ★ 2/10	$20.88 $21.24	▲ +1.72%	▼ −3.74%	$21.58 (+3.35%)
Apr 29, 2026 5w ago	8-K NEUTRAL ★ 2/10	$20.88 $21.24	▲ +1.72%	▼ −3.74%	$21.58 (+3.35%)
Apr 29, 2026 5w ago	8-K BULLISH ★ 6/10	$20.88 $21.24	▲ +1.72%	▼ −3.74%	$21.58 (+3.35%)
Apr 15, 2026 7w ago	8-K NEUTRAL ★ 3/10	$20.76 $20.60	▼ −0.77%	▼ −6.59%	$21.58 (+3.95%)

US Market Status

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