John Marshall Bancorp, Inc. (JMSB) SEC Filings & Earnings Calls

Regulatory approval risk; integration risk; shareholder approval risk.

“Forward-looking statements caution about required regulatory, shareholder approvals and integration challenges.”

No new risk introduced; program extension is neutral.

“Repurchase Program does not obligate the Company to repurchase any dollar amount or number of shares.” · word for word

Expense Growth

“Non-interest expense increased $1.2 million or 14.2% during the second quarter of 2026 compared to the second quarter of 2025” · word for word

Concentration in Construction & Development

“origination volume in the construction & development and residential mortgage loan portfolios” · word for word

Concentration in commercial real estate loans, particularly non-owner occupied office

“Non-owner occupied office portfolio $115.6M; weighted average LTV 45.4%, DSCR 1.7x”

Geographic concentration in Virginia, Maryland, DC

“65.3% of non-owner occupied office in Virginia”

No new risk signals; forward-looking statements are standard boilerplate.

“Presentation contains standard risk factors related to market concentration, interest rates, credit quality, etc.”

Uninsured deposit concentration

“Deposits that were not insured or not collateralized represented 36.5% of total deposits at March 31, 2026.” · word for word

Non-accrual loan emergence

“During the most recent quarter, management placed one SBA 7(a) loan in the total amount of $984 thousand on non-accrual status.” · word for word

One SBA 7(a) loan on non-accrual status ($984k), but fully guaranteed by SBA; no other non-accrual loans since Q3 2019

“one U.S. Small Business Administration (SBA) 7(a) loan in the total amount of $984 thousand on non-accrual status... fully guaranteed by the SBA” · word for word

No material risk disclosed; event is informational.

Deposit Concentration Risk

“Our 10 largest depositor relationships accounted for approximately 16.7% of our deposits at December 31, 2025.” · word for word

Uninsured Deposit Risk

“Deposits that were not insured or not collateralized by securities represented 35.1% of our total deposits as of December 31, 2025.” · word for word

Loan Portfolio Seasoning Risk

“approximately $738.6 million, or 37.5%, of the loans in our loan portfolio were first originated during the past three years.” · word for word

Commercial Real Estate Concentration Risk

“commercial real estate (both owner-occupied and non-owner occupied) – 59.6%” · word for word

Interest Rate Sensitivity Risk

“a one percent increase or decrease in market rates is projected to negatively or positively impact the market value of the AFS securities portfolio by approximately $3.2 million” · word for word

Concentration in construction & development and residential mortgage loans; potential sensitivity to interest rate changes.

“Increase in loans from September 30, 2025, was primarily attributable to growth in construction & development loans and residential mortgage loans.” · word for word

Net interest margin expansion dependent on further Fed rate cuts; if rates remain higher for longer, funding costs may not decline as expected.

“Management commentary: 'We believe that additional Federal Open Market Committee rate reductions and a continuing normalization of the yield curve could enhance our profitability.'”

Credit loss provision increase

“The Company recorded a $1.1 million provision for credit losses for the nine months ended September 30, 2025 compared to a $0.7 million recovery of credit losses for the nine months ended September 30, 2024.” · word for word

Potential rate sensitivity if yield curve normalization slows.

“Management notes additional FOMC rate reductions and yield curve normalization could enhance performance.”