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Stock impact report

Bank of the James Announces First Quarter 2020 Financial Results and Declaration of Dividend

Bank of the James Financial Group, Inc. (BOTJ) 
US:NASDAQ Investor Relations: bankofthejames.bank/investor-relations
Company Research Source: GlobeNewswire
LYNCHBURG, Va., April 24, 2020 (GLOBE NEWSWIRE) -- Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and retail bank serving Region 2000 (Greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia markets, today announced unaudited results for the three months ended March 31, 2020. First Quarter 2020 Highlights Net income for the three months ended March 31, 2020 was $995,000 or $0.23 per diluted share, compared with $1.23 million or $0.28 per diluted share for the three months ended March 31, 2019.  This decrease was due primarily to an increase in loan loss provision related to uncertainty surrounding the COVID-19 pandemic.Weighted average shares outstanding (diluted) were 4,348,040 at March 31, 2020 compared with 4,380,959 a year earlier, reflecting a repurchase of 39,000 shares of stock since March 31, 2019.  The Company has temporarily s Show less Read more
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