John Marshall Bancorp, Inc. · NASDAQ:JMSB
John Marshall Bancorp — Shareholder Meeting (June 2026)
23 slides from John Marshall Bancorp's shareholder meeting presentation, Jun 16, 2026
Slide 1: Annual Meeting of Shareholders
JOHN MARSHALL 54. CORD, INC. r) ene eee estat, annual meeting of shareholders
Slide 2: Forward Looking Statements
Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on certain assumptions and describe future plans, strategies and expectations of the Compa
Slide 3: Franchise Overview
Franchise Overview • Celebrated our 20th Montgomery County: anniversary in April 2026. 11 N. Washington St. Loudoun County: Rockville, MD 540 Fort Evans Road • Highlights: (1) Leesburg, VA Main Office/Reston: • Assets - $2.4 billion 1943 Isaac Newton Reston, VA • Loans - $2.0 billion District of Col
Slide 4: Bank Recognition
Bank Recognition Prince William Chamber Ranked Top 1% Bank Director Magazine Business Partnership Award Top 200 Best US Banks ($1 - $5 Billion) Loudoun Mirror Prince William Living Magazine Best Loan Officer Best Places to Work Arlington Magazine Alexandria Chamber of Commerce Top Vote Getter 2 Staf
Slide 5: Market Growth + Consolidation = Unique Opportunity
Market Growth + Consolidation = Unique Opportunity Data as of: 6/30/2013 Data as of: 6/30/2025 Market Deposit Market Deposit Deposits Market Deposits Market Company ($000) Share (%) Company ($000) Share (%) 1 Wells Fargo & Co. (CA) 23,769,182 15.3% 1 Capital One Financial Corp. (VA) 73,187,547 23.3%
Slide 6: Our Shareholder Value Proposition
Our Shareholder Value Proposition Experienced Rewarding Our Management Shareholders Prime for Attractive Future Market Growth Credit Discipline 6
Slide 7: Financial Performance & Condition
Financial Performance & Condition Continued Net Interest Margin Growth Accelerating Earnings Momentum Fortress Balance Sheet Expanding Financial Returns Robust Capitalization Strong Asset Quality Prudent Expense Management 7
Slide 8: Net Interest Margin Growth
Net Interest Margin Growth Net Interest Margin (annualized) 3.00% 2.90% 2.87% 2.80% 2.73% 2.72% 2.69% 2.70% 2.58% 2.60% 2.52% 2.50% 2.40% 2.30% 2.30% 2.19% 2.20% 2.11% 2.10% 2.00% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Net Interest Margin grew 0.76% from the first quarter of 2024 to
Slide 9: Net Income Expansion
Net Income Expansion Net Income (Dollars in thousands) $6,101 $5,916 $5,404 $5,103 $4,810 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 The quarter ended March 31, 2026, marked the 7th consecutive quarter of net income growth. 9
Slide 10: Balance Sheet Growth
Balance Sheet Growth 2017-2025 Compound Annual Growth Rates (CAGR) 12.0% 10.3% 9.0% 8.8% Assets Loans, net of Deposits Non-Interest unearned income Bearing Deposits 10
Slide 11: Increasing Financial Returns
Increasing Financial Returns Return on Average Assets Return on Average Equity 1.06% 9.19% 8.26% 0.93% 7.16% 0.76% (1) (1) 2024 2025 2026 2024 2025 2026 (1) Annualized, data as of March 31, 2026. 11
Slide 12: Per Share Performance
Per Share Performance Book Value Per Share $18.69 $19.00 $17.28 $16.25 $15.17 $15.09 $13.68 $12.34 $11.01 $10.05 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q2026 12
Slide 13: Strong Capital Position
Strong Capital Position Bank Regulatory Capital Ratios 19.0 17.0 16.3% 16.5% 15.2% 15.4% 15.2% 15.4% 15.0 13.0 12.5% 12.6% Ratios (%) 11.0 10.0% 9.0 8.0% 7.0 6.5% 5.0% 5.0 3.0 Leverage ratio Common equity Tier 1 risk-based capital Total risk-based tier 1 ratio capital ratio Well-Capitalized Threshol
Slide 14: Growing Dividends
Growing Dividends Annualized Per Share Cash Dividends $0.40 $0.36 $0.35 $0.30 $0.30 $0.25 $0.25 $0.22 $0.20 $0.20 $0.15 (1) 2022 2023 2024 2025 2026 On January 28, 2026, the Company initiated a quarterly cash dividend. During the first and second quarters of 2026, the Board of Directors declared
Slide 15: Capital Management: Share Repurchases
Capital Management: Share Repurchases The Company announced an extension of the share repurchase authorization of 700,000 shares. The Company repurchased over 240,000 shares at a weighted average price of $18.59. The Company may selectively continue repurchasing shares subject to market condit
Slide 16: Exceptional Asset Quality
Exceptional Asset Quality Non-Accruing Assets¹ / Assets (%) 2.00% 1.50% 1.00% 0.50% 0.32% 0.01% 0.09% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% (2) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 At March 31, 2026, the FDIC peer loans and leases 30 days or more past d
Slide 17: Liquid Balance Sheet
Liquid Balance Sheet Cash, unencumbered securities (at fair value), and secured borrowing capacity as a percentage of total assets. 37.5% $881.0 Million Amounts noted above are as of March 31, 2026. 17
Slide 18: Prudent Expense Management
Prudent Expense Management 4.0% Non-Interest Expense to Average Assets 3.5% 3.0% 2.5% 2.2% 2.0% 2.0% 1.7% 1.5% 1.5% 1.4% 1.4% 1.5% 1.3% 1.3% 1.0% 0.5% 0.0% (2) 2018 2019 2020 2021 2022 2023 2024 2025 2026 As of March 31, 2026, the average bank non-interest expense to average assets (1) was 2.6%.
Slide 19: Competitive Shareholder Returns
Competitive Shareholder Returns Increased 2025 annual cash dividend 20.0% to $0.30 per share. Book-value 8.1% 9.9 appreciation increase #REF! Dividend 1.8% #REF! Measurement period noted above reflects the year-ended December 31, 2025. 19
Slide 20: Recent Stock Price Performance vs. Bank Index
Recent Stock Price Performance vs. Bank Index March 2026 Stock Price Change (%) JMSB Outperforms Nasdaq Bank Index 35.0 30.0 25.0 22.8% 20.0 15.0 10.7% 10.0 5.0 - (5.0) (10.0) (15.0) (20.0) JMSB NASDAQ BANK Index JMSB stock price outperformed publicly traded banks listed on the NASDAQ during the 1
Slide 21: JMSB Has Outperformed Over Time
JMSB Has Outperformed Over Time JMSB vs. NASDAQ BANK Index as of March 31, 2026 9.0% 8.8% 8.0% 7.8% 6.9% Annual Return 7.0% 6.8% 6.0% 5.2% 5.0% 4.6% 4.0% June 2008 June 2011 November 2013 JMSB Equity Offerings JMSB NASDAQ BANK Index Information sourced from Yahoo! Finance with share price data as of
Slide 22: Equity Research Coverage
Equity Research Coverage Keefe, Bruyette & Woods and Raymond James initiated coverage of JMSB stock. Coverage provides additional visibility, trading volume, and overall value for shareholders. 22
Slide 23: Outlook
Outlook Remain focused on delivering tailored banking services and exceptional client services Maintain conservative strategy by emphasizing exceptional asset quality, robust capital position, and ample liquidity to strengthen the balance sheet Focus on core deposit growth and funding composit
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