Bank of the James Financial Group, Inc.

Bank of the James Financial Group, Inc. reported net income of $9.0 million for fiscal year 2025, an increase from $7.9 million in 2024. Total revenue, comprising net interest income of $32.8 million and noninterest income of $15.9 million, grew to $48.7 million from $44.4 million in the prior year. Key profit drivers included a $3.6 million increase in net interest income, driven by higher loan interest income, and a $0.7 million rise in noninterest income, primarily from wealth management fees. Noninterest expenses increased by $2.4 million to $37.5 million, largely due to higher salaries and employee benefits. The company ended the year with total assets of $1.04 billion, total deposits of $937.1 million, and stockholders' equity of $80.0 million. The forward-looking significance includes continued growth in loans and deposits, expansion of wealth management assets under management to $1.03 billion, and maintenance of strong regulatory capital ratios, with the bank categorized as well capitalized.

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