Bank of the James Lifts Quarterly Dividend 50% to $0.15 After Record Third-Quarter Profit

Bank of the James Financial Group declared a quarterly cash dividend of $0.15 per common share on October 27, 2026, a 50% increase from the $0.10 declared in July 2026, and reported third-quarter net income of $3.32 million. The company announced the results and the dividend in a GlobeNewswire release on October 30, 2026.

Bank of the James Profit and Dividend Details

Bank of The James is the Lynchburg, Virginia-based parent of Bank of the James, a full-service commercial and retail bank, and of Pettyjohn, Wood & White, an SEC-registered investment advisor. Third-quarter earnings per share were $0.73, compared with $0.61 a year earlier. Net income for the first nine months of 2026 was $9.34 million, or $2.05 per share, against $6.30 million, or $1.39 per share, in the first nine months of 2025.

Net interest income after the provision for credit losses rose about 18% to $9.69 million in the quarter from $8.21 million. The tax-equivalent net interest margin was 3.81%, compared with 3.44% a year earlier. Total assets were $1.065 billion at September 30, 2026, and total deposits were $963.60 million. Loans, net of the allowance for credit losses, were $694.03 million.

TradingView reported nine-month net income of $9.34 million and the dividend increase to $0.15 from $0.10, and noted record third-quarter profits and record loans and deposits.

Chief Executive Robert R. Chapman III said: "We are also very pleased to announce a 50% increase in our quarterly cash dividend from $0.10 per share to $0.15 per share." President Mike Syrek said the net loan portfolio increased by $7.95 million during the quarter despite the repayment of one $10.07 million loan.

Bank of the James Scale and Leadership Records

According to akta.pro company records, Bank of The James reported total assets of $1.039 billion as of 2025, growing 6.1% year-over-year, and annual revenue of $47.76 million in a comparative analysis. The same records list net income of $9.02 million for the year with earnings per share of $1.99. The records describe a bank founded in 1999 with 24 branches and a headcount range of 101-250.

Earlier Bank of the James Earnings Reports

Investing.com reported on July 30, 2026 that Bank of the James posted second-quarter net income of $3.24 million, a 20% increase from $2.70 million a year earlier, with earnings per share rising to $0.71 from $0.60. Stock Titan reported the same day that first-half 2026 net income rose 69.5% to $6.01 million, or $1.32 per share, from $3.55 million in the first half of 2025. Markets Daily reported on August 1, 2026 that the company recorded $0.71 in earnings per share with a 14.46% return on equity and a 17.72% net margin for the quarter.

Bank of the James Dividend Payment Date

The dividend is payable December 4, 2026 to stockholders of record as of November 20, 2026.