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

> Bank of the James raised its quarterly cash dividend 50% to $0.15 per share after third-quarter net income of $3.32 million and nine-month net income of $9.34 million.

- Published: 2026-10-30T16:15:21+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-30/bank-of-the-james-dividend-increase-third-quarter
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/30/3392487/18728/en/bank-of-the-james-financial-group-announces-third-quarter-of-2026-and-first-nine-months-of-2026-financial-results-and-declaration-of-cash-dividend-increases-quarterly-cash-dividend.html)

## Key takeaways

- Bank of the James Financial Group declared a quarterly dividend of $0.15 per share, up 50% from $0.10, payable December 4, 2026.
- Third-quarter net income was $3.32 million, or $0.73 per share, compared with $2.75 million 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 a year earlier.

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](https://www.globenewswire.com/news-release/2026/10/30/3392487/18728/en/bank-of-the-james-financial-group-announces-third-quarter-of-2026-and-first-nine-months-of-2026-financial-results-and-declaration-of-cash-dividend-increases-quarterly-cash-dividend.html) release on October 30, 2026.

## Bank of the James Profit and Dividend Details

[Bank of The James](https://akta.pro/company-profiles/000pyh4/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](https://akta.pro/company-profiles/002dg24/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](https://www.tradingview.com/news/tradingview:f41d6d4b9f817:0-bank-of-the-james-financial-group-inc-botj-lifts-dividend-50-reports-ytd-net-income-9-34m/) 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](https://akta.pro/company-data), 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.

## Companies in this story

- [Bank of The James company profile](https://akta.pro/company-profiles/000pyh4/bank-of-the-james) · website: https://www.bankofthejames.bank
- [Pettyjohn, Wood & White company profile](https://akta.pro/company-profiles/002dg24/pettyjohn-wood-white) · website: http://www.pwandw.com

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