John Marshall Bancorp, Inc. · NASDAQ:JMSB
John Marshall Bancorp — KBW Summer Bank Conference 2026
24 slides from John Marshall Bancorp's conference presentation, July 2026
Slide 1: John Marshall Bancorp, Inc. KBW Summer Bank Conference
JOHN MARSHALL 5 ANCOR? INC. Be ; SUMMER BANK a ° CONFERENCE JULY
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: Company Overview
Company Overview John Marshall Bank is a growth-oriented commercial bank Celebrated the 20th anniversary in April 2026. Highlights as of June 30, 2026: Assets - $2.4 billion Loans - $2.0 billion Deposits - $2.0 billion Seasoned executive team with decades of in-market banking experienc
Slide 4: Franchise Overview
Franchise Overview Eight full-service, regional banking centers serve as business development hubs. Montgomery County: 11 N. Washington St. Rockville, MD Loudoun County: 540 Fort Evans Road Leesburg, VA Main Office/Reston: 1943 Isaac Newton Reston, VA District of Columbia: 1625 K Street, NW Tysons C
Slide 5: John Marshall Financial Highlights
John Marshall Financial Highlights Financial Highlights ($ in millions, unless otherwise noted) Year Ended December 31, YTD 2017 2018 2019 2020 2021 2022 2023 2024 2025 June 30 Bank 2026 commenced Balance Sheet operations in Total Assets $1,175 $1,395 $1,582 $1,885 $2,149 $2,348 $2,243 $2,235 $2,3
Slide 6: Investment Attributes
Investment Attributes Experienced Rewarding Our Management Shareholders Prime for Attractive Future Market Growth Credit Discipline 6
Slide 7: Leveraging Technology
Leveraging Technology Selective FinTech partnerships provide operating leverage and fuel additional growth FinTech Partnership Benefits Customer Operating Risk Experience Efficiencies Mitigation Various FinTech Partnerships 7
Slide 8: Executive Leadership
Executive Leadership Chris Bergstrom Chris Bergstrom has over 44 years of experience in the banking industry. Before joining John Marshall Bank, Mr. Bergstrom served in a variety of executive positions during 19 years with Cardinal Financial President & CEO Corporation and Cardinal Bank, most recent
Slide 9: Attractive Metro Markets
Attractive Metro Markets Median Household Income $ (2026) Projected Population Growth % (2026-2031) 141,259 7.28 131,627 105,148 102,146 97,107 96,369 2.80 1.21 0.51 (0.67) (0.93) Educational Attainment % (>=Bachelors Degree) Unemployment Rate % (April 2026, NSA) 4.8 4.9 54.5 53.6 4.2 3.8 3.9 3.9 43
Slide 10: 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 11: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights ★ Earnings Growth Momentum o Net income of $7.0 million for the quarter ended June 30, 2026 represented a 15.0% increase over the $6.1 million net income reported for the quarter ended March 31, 2026 or an annualized quarter-over-quarter increase of 60.4%. o The quarte
Slide 12: 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 12
Slide 13: Loan Portfolio Composition
Loan Portfolio Composition Residential Construction CRE & Land 6.0% Development Construction 5.3% • The Company’s loan pipeline remained strong with $113.9 million in new commitments recorded Consumer 1.4% during the quarter ended June 30, 2026. CRE - Owner Occupied 16.5% • 96.7% improvement over th
Slide 14: Bond Portfolio
Bond Portfolio Debt Securities Portfolio as of June 30, 2026 Bond Portfolio Yield Amortized Percentage Estimated (Dollars in thousands) Cost of total Fair Value Available-for-sale 2.46% U.S. Treasuries $ - - $ - 2.32% U.S. government and federal agencies 4,991 2.2% 4,800 2.04% 2.11% 2.10% 2.13% 1.99
Slide 15: Increasing Financial Returns
Increasing Financial Returns Return on Average Assets Return on Average Equity 1.13% 0.93% 0.89% 9.77% 0.76% 8.26% 7.91% 7.16% (1) (2) (1) (2) 2024 2025 1H25 1H26 2024 2025 1H25 1H26 Diluted Earnings Per Share $1.50 $1.20 $0.93 $0.69 (1) Annualized, data as of June 30, 2025. 2024 2025 1H25 1H26 (2)
Slide 16: Per Share Performance
Per Share Performance Book Value Per Share $19.40 $18.69 $17.83 $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 6/30/25 6/30/26 16
Slide 17: Net Interest Margin Expansion
Net Interest Margin Expansion Net Interest Income and Margin Trend Yield and Cost Trends $20,000 (Dollars in thousands) $17,334 3.40% $18,000 $16,509 5.06% 5.07% 5.13% 4.97% 5.01% 4.99% 5.03% 4.99% $15,600 $15,940 4.83% 3.20% 4.85% $16,000 $14,926 $14,066 $14,097 $14,000 $13,156 3.00% 3.81% 3.81% 3.
Slide 18: Prudent Expense Management
Prudent Expense Management Non-Interest Expense ($ in thousands) Year Ended December 31, 2023 2024 2025 1H 25 1H 26 % Change Salaries and employee benefits $ 19,436 $ 19,240 $ 20,729 $ 10,277 $ 11,777 14.6% Occupancy expense of premises 1,811 1,760 1,544 814 802 -1.5% Furniture and equipment expense
Slide 19: Growing Dividends
Growing Dividends Annualized Per Share Cash Dividends $0.45 $0.40 $0.40 $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 de
Slide 20: Decreasing Concentration
Decreasing Concentration Acquisition, Development & Construction Loans Commercial Real Estate (Investor) Loans as a percentage of Total Risk-Based Capital as a percentage of Total Risk-Based Capital $22.5MM of subordinated 148% debt became Bank capital 411% 413% 407% 403% 130% 126% 126% 384% 120% 12
Slide 21: Disciplined Credit Culture
Disciplined Credit Culture Asset Quality Capital Allowance for Credit Losses • Historically, the Bank has exhibited • “Well-Capitalized” under Basel III • Conservative reserve methodology excellent loan quality with low levels of • Stress testing on a quarterly basis • ACL of 1.00% of loans classifi
Slide 22: 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% 0.00% 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 23: Strong Capital Ratios
Strong Capital Ratios Bank Regulatory Capital Ratios 19.0 17.0 16.7% 16.3% 15.6% 15.6% 15.2% 15.2% 15.0 12.9% 13.0 12.5% 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 Threshold
Slide 24: 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
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