John Marshall Bank announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest and dividend income of $11.21 million against $10.142 million a year ago. Income before income taxes was $3.920 million against $3.6 million a year ago. Net income was $2.702 million or $0.25 per diluted share against $2.314 million or $0.22 per diluted share a year ago. Return on average assets (annualized) was 1.03% against 1.02% a year ago. Return on average equity (annualized) was 9.09% against 8.44% a year ago. Net interest income, the Bank's primary source of revenue, was $36.1 million for the year ended December 31, 2016, up 7.2% from $33.7 million for the year ended December 31, 2015.

For the year, the company reported total interest and dividend income of $42.4 million against $38.9 million a year ago. Income before income taxes was $12.342 million against $13.8 million a year ago. Net income was $8.301 million or $0.79 per diluted share against $8.9 million or $0.85 per diluted share a year ago. Return on average assets (annualized) was 0.85% against 1.04% a year ago. Return on average equity (annualized) was 7.27% against 8.44% a year ago. Tangible book value per share was $11.72 compared to $10.91 a year ago. Net interest income was $9.5 million for the fourth quarter of 2016, compared to $8.7 million for the same period in 2015.

For the fourth quarter of 2016, the company reported net loan charge-offs of $0.77 million against recoveries of $0.48 million a year ago.