BOTJLOW SIGNALFINANCIAL10-K

Bank of the James holding company reported solid financial improvements with growing profitability and strengthened capital position.

The company demonstrated healthy operational performance with improved earnings and cash generation. The strengthened balance sheet position with higher cash reserves and equity provides a solid foundation for future growth opportunities.

Comparing 2026-03-27 vs 2025-03-26View on EDGAR →
FINANCIAL ANALYSIS

The bank holding company showed positive momentum across key financial metrics, with net income growing 13.6% to $9.0M and operating cash flow expanding 37% to $11.7M. The balance sheet strengthened notably with cash and equivalents rising 36% to $50.3M and stockholders equity increasing 23% to $80.0M, while the company reduced capital expenditures and maintained modest share repurchase activity. Overall, the financial picture reflects a well-capitalized regional bank with improving profitability and strong liquidity position.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
-54.3%
$2.5M→$1.2M

Capex reduced 54.3% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Operating Cash Flow
Cash Flow
+37%
$8.5M→$11.7M

Operating cash flow surged 37% — exceptional cash generation, highest quality earnings signal.

Cash & Equivalents
Balance Sheet
+35.9%
$37.0M→$50.3M

Cash position surged 35.9% — strong cash generation or capital raise providing significant financial cushion.

Share Buybacks
Cash Flow
-28.9%
$1.4M→$997K

Buyback activity reduced 28.9% — capital being redeployed elsewhere or cash conservation underway.

Stockholders Equity
Balance Sheet
+23.4%
$64.9M→$80.0M

Equity base grew 23.4% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Income
P&L
+13.6%
$7.9M→$9.0M

Net income grew 13.6% — bottom-line growth signals improving overall business health.

LANGUAGE CHANGES
NEW — 2026-03-27
PRIOR — 2025-03-26
ADDED
( Financial or the Company ) is a bank holding company headquartered in Lynchburg, Virginia.
Financial was incorporated on October 3, 2003 to serve as the bank holding company for Bank of the James (the Bank or Bank of the James ) and acquired all of the outstanding shares of the Bank in a statutory share exchange on a one-for-one basis effective January 1, 2004.
The Bank engages in general retail and commercial banking activities.
The operating results of these activities have not materially impacted the Company s financial performance and are not considered principal activities.
(a non-operating subsidiary), and PWW are Financial s only subsidiaries and primary assets.
Management believes the risk associated with this arrangement is acceptable.
Employees As of March 25, 2026, we had approximately 175 employees, 162 of which are full-time and 13 of which are part-time.
Of these, 8 full-time and 2 part-time employees are employed by Pettyjohn, Wood White, Inc., and 149 full-time and 11 part-time employees are employed by the Bank.
The Bank s market area is served by major transportation corridors, including U.S.
Routes 29, 60, 221, 460, and 501, as well as Virginia State Routes 24 and 40, providing access to other regions of the Commonwealth.
REMOVED
( Financial or the Company ) is a bank holding company with its headquarters in Lynchburg, Virginia.
Financial was incorporated at the direction of Bank of the James (the Bank or Bank of the James ) on October 3, 2003 to serve as a bank holding company of the Bank.
Financial acquired all of the shares of the Bank in a statutory share exchange on a one-for-one basis on January 1, 2004.
The Bank was organized to engage in general retail and commercial banking business.
The Bank also maintains a website at www.bankofthejames.bank.
The operating results of these activities have not materially impacted our financial performance and are not considered principal activities of Financial .
The Bank, BOTJ Insurance, BOTJ Investment Group, Inc., a non-operating subsidiary, and PWW are our only subsidiaries and primary assets.
Management believes that there is acceptable risk associated with this arrangement.
Employees As of March 5, 2025, we had approximately 175 employees, 162 of which are full-time and 13 of which are part-time.
Routes 29, 60, 221, 460 and 501 and State Routes 24 and 40 all pass through our market area and provide efficient access to other regions of the state.
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →