Filing Analysis
Bank of the James Financial Group, Inc. announced its quarterly financial results for the periods ended June 30, 2026, and declared a quarterly cash dividend.
📋 Key Facts
- Company issued a press release on July 30, 2026, regarding financial results for the three and six months ended June 30, 2026.
- The Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
- Dividend record date is August 21, 2026.
- Dividend payment date is on or about September 4, 2026.
Bank of the James Financial Group, Inc. announced the voting results from its Annual Meeting of Shareholders held on May 19, 2026. Shareholders approved all proposals, including the election of four Group Two directors, the ratification of Elliott Davis, PLLC as the independent auditor, and an advisory resolution on executive compensation.
📋 Key Facts
- The Annual Meeting of Shareholders was held on May 19, 2026, with 78.65% of outstanding shares (3,573,405 shares) represented.
- Four Group Two directors (Robert R. Chapman III, Julie P. Doyle, Lydia K. Langley, and Augustus A. Petticolas, Jr.) were elected to three-year terms expiring in 2029.
- Shareholders ratified the appointment of Elliott Davis, PLLC as the independent registered public accounting firm for the year ending December 31, 2026, with 3,565,490 votes for, 4,655 against, and 3,260 abstentions.
- The non-binding advisory resolution on executive compensation was approved with 2,403,289 votes for, 31,082 against, and 44,027 abstentions.
Bank of the James Financial Group, Inc. reported its financial results for the first quarter ended March 31, 2026, and declared a quarterly cash dividend of $0.10 per share.
📋 Key Facts
- The Company announced financial results for the three months ended March 31, 2026, via press release on April 30, 2026.
- A quarterly cash dividend of $0.10 per share of common stock was declared by the Board of Directors on April 28, 2026.
- The dividend is payable on June 5, 2026, to stockholders of record as of May 22, 2026.
Bank of the James Financial Group, Inc. filed an 8-K to announce its financial results for the three and twelve months ended December 31, 2025.
📋 Key Facts
- Report date: February 4, 2026
- Reporting period covered: Three and twelve months ended December 31, 2025
- The filing includes a press release (Exhibit 99.1) detailing financial results.
The Board of Directors declared a quarterly cash dividend of $0.10 per share for Bank of the James Financial Group, Inc.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: February 17, 2026.
- Payment date: On or about March 6, 2026.
J. Todd Scruggs has retired from the Board of Directors and his executive roles as Secretary, Treasurer, and Executive Vice President/Chief Investment Officer, effective January 5, 2026.
🚩 Red Flags
- Simultaneous departure from multiple key roles (Director, Secretary, Treasurer, and CIO) can create temporary administrative/governance gaps.
📋 Key Facts
- Effective date of retirement: January 5, 2026.
- Departing individual: J. Todd Scruggs.
- Roles vacated: Director, Secretary, Treasurer, Executive Vice President, and Chief Investment Officer.
- The departure was not due to any disagreement with the Company regarding operations, policies, or practices.
Bank of the James Financial Group, Inc. announced a planned leadership transition effective January 1, 2026. Long-time CFO J. Todd Scruggs will move to a newly created Chief Investment Officer role, and General Counsel Eric J. Sorenson, Jr. will succeed him as CFO.
🚩 Red Flags
- None identified; the filing explicitly states no disagreements and provides a long lead time for the transition (approx. 2 months).
📋 Key Facts
- Effective Date: January 1, 2026
- J. Todd Scruggs (CFO since 1999) is transitioning to the new role of Chief Investment Officer (CIO).
- Eric J. Sorenson, Jr. (General Counsel since 2022) appointed as successor CFO.
- The transition is not due to any disagreement with management or company practices.
- No new individualized compensation agreements were made in connection with these transitions.
Bank of the James Financial Group, Inc. announced its quarterly financial results for the periods ended September 30, 2025, and declared a quarterly cash dividend.
📋 Key Facts
- Company issued press release announcing financial results for the three and nine months ended September 30, 2025.
- Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
- Dividend record date is November 21, 2025.
- Dividend payment date is on or about December 5, 2025.
Bank of the James Financial Group, Inc. has entered into a Second Note Modification Agreement with The National Bank of Blacksburg to amend an existing $8.9 million secured promissory note used for a prior acquisition.
🚩 Red Flags
- Interest rate hike from 3.90% to 5.65% increases the cost of debt.
- The note remains secured by a first-priority lien on nearly 5% of the company's common stock, which could impact equity value in a default scenario.
📋 Key Facts
- The modification is effective as of September 1, 2025.
- Maturity date extended from December 31, 2026, to August 31, 2030.
- Interest rate increased from 3.90% per annum to 5.65% per annum.
- Monthly principal and interest payments reduced from ~$81,000 to ~$61,000.
- A final balloon payment of approximately $7,410,000 is due at maturity in 2030.
- The note remains secured by a first-priority lien on ~4.95% of the Bank's common stock.
- Outstanding principal balance as of August 31, 2025, is approximately $8.9 million.
This is an 8-K/A amendment filed to correct typographical errors in a previously issued earnings press release for the second quarter of 2025. The corrections involve total asset figures and missing descriptors in loan balance references.
🚩 Red Flags
- Typographical errors in material financial metrics (total assets) can sometimes indicate weak internal controls over financial reporting, though these appear to be minor clerical mistakes.
📋 Key Facts
- The filing amends the original 8-K dated August 4, 2025.
- Total assets were incorrectly stated as $1.04 billion; the correct figure is $1.004 billion.
- Omitted the word 'millions' following two references to loan balances in the Balance Sheet section of the press release.
- The amendment specifically targets Item 2.02 (Results of Operations and Financial Condition).
Bank of the James Financial Group, Inc. filed an 8-K to announce its financial results for the three and six months ended June 30, 2025. The filing serves as a formal notification that a press release containing these results was issued on August 4, 2025.
📋 Key Facts
- Report date: August 4, 2025
- Reporting period: Three and six months ended June 30, 2025
- The filing includes a press release as Exhibit 99.1 regarding financial results.
The Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: September 12, 2025.
- Payment date: On or about September 26, 2025.
Bank of the James Financial Group, Inc. held its Annual Meeting of Shareholders on May 20, 2025. The meeting resulted in the election of three directors and the ratification of the company's independent auditor.
🚩 Red Flags
- High number of 'Broker Non-Votes' noted in director elections (1,346,463 shares), though this is common in institutional holdings and does not inherently indicate a negative event.
📋 Key Facts
- Annual Meeting held on May 20, 2025.
- Quorum reached with 3,560,503 shares (approx. 78.37%) represented in person or by proxy out of 4,543,338 total eligible shares.
- Elected A. Douglas Dalton III, Watt R. Foster, Jr., and Phillip C. Jamerson to the Board of Directors for three-year terms expiring in 2028.
- Ratified Elliott Davis, PLLC as independent registered public accounting firm for fiscal year ending Dec 31, 2025.
- Approved non-binding advisory resolution on executive compensation (Say-on-Pay).
- Record date for meeting was March 25, 2025.
Bank of the James Financial Group, Inc. filed an 8-K to announce its quarterly financial results for the period ending March 31, 2025. The filing serves as a formal announcement of the release of earnings via press release.
📋 Key Facts
- Reporting date: April 30, 2025
- Period covered: Three months ended March 31, 2025
- The company issued a press release (Exhibit 99.1) containing financial results.
- No business acquisitions or shell company transactions were reported in this filing.
The Board of Directors declared a quarterly cash dividend of $0.10 per share for Bank of the James Financial Group, Inc.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: June 6, 2025.
- Payment date: On or about June 20, 2025.
Two long-standing directors, Thomas W. Pettyjohn, Jr. and James F. Daly, have announced their intention to retire at the conclusion of the Annual Meeting on May 20, 2025. The company has decided not to fill these vacancies, resulting in a reduction of the Board size from 13 to 11 members.
🚩 Red Flags
- Reduction in board size (from 13 to 11) may impact oversight capacity, though common in organizational streamlining.
📋 Key Facts
- Thomas W. Pettyjohn, Jr. and James F. Daly will retire effective at the conclusion of the Annual Meeting on May 20, 2025.
- The company has elected not to fill the resulting vacancies.
- Board size will decrease from 13 members to 11 members.
Bank of the James Financial Group, Inc. filed an 8-K to announce its financial results for the three and twelve months ended December 31, 2025. The filing serves as a formal announcement of the earnings press release issued on January 31, 2025.
📋 Key Facts
- Report date: January 31, 2025
- Reporting period covered: Three and twelve months ended December 31, 2025
- The filing includes an earnings press release as Exhibit 99.1
The Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: March 7, 2025.
- Payment date: On or about March 21, 2025.
Bank of the James Financial Group, Inc. filed an 8-K to announce its quarterly financial results for the three and nine months ended September 30, 2024.
📋 Key Facts
- The filing is a routine announcement of earnings results (Item 2.02).
- Reporting period covers the three and nine months ended September 30, 2024.
- The company issued a press release on October 25, 2024, as an exhibit to this filing.
The Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: November 22, 2024.
- Payment date: On or about December 6, 2024.
Bank of the James Financial Group, Inc. filed an 8-K to announce its quarterly financial results for the three and six months ended June 30, 2024.
📋 Key Facts
- Report date: July 26, 2024
- Reporting period: Three and six months ended June 30, 2024
- The filing serves to accompany the company's press release regarding financial results (Exhibit 99.1).
Bank of the James Financial Group, Inc. announced a quarterly cash dividend declaration of $0.10 per share.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: September 6, 2024.
- Payment date: On or about September 20, 2024.
Bank of the James Financial Group, Inc. held its Annual Meeting of Shareholders on May 21, 2024. The meeting resulted in the election of four directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual Meeting of Shareholders held on May 21, 2024.
- Quorum achieved with 3,497,635 shares (approx. 76.98%) represented in person or by proxy.
- Four Group Three directors elected: Lewis C. Addison, John R. Alford, Jr., William C. Bryant III, and J. Todd Scruggs.
- Elliott Davis, PLLC ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Non-binding advisory resolution regarding executive compensation was approved.
Bank of the James Financial Group, Inc. filed an 8-K to announce its quarterly financial results for the three months ended March 31, 2024.
📋 Key Facts
- The filing is a standard earnings release announcement (Item 2.02).
- Reporting period: Three months ended March 31, 2024.
- Date of report: April 26, 2024.
The Company's Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock.
📋 Key Facts
- Dividend amount: $0.10 per share of common stock.
- Record date: June 7, 2024.
- Payment date: On or about June 21, 2024.
Bank of the James Financial Group, Inc. announced a change in its independent registered public accounting firm. The company dismissed Yount, Hyde & Barbour, P.C. following the completion of the 2023 audit and appointed Elliott Davis, PLLC for the 2024 fiscal year.
🚩 Red Flags
- None identified; the change is described as a routine transition following an audit completion.
📋 Key Facts
- Dismissed auditor: Yount, Hyde & Barbour, P.C. (YHB) on March 12, 2024.
- New auditor: Elliott Davis, PLLC, appointed for the 2024 fiscal year.
- The change occurred upon completion of the 2023 audit and filing of the FY2023 Form 10-K.
- No disagreements with YHB regarding accounting principles, practices, or auditing scope were reported.
- YHB's previous reports for 2021 and 2022 contained no adverse opinions, disclaimers, or qualifications.
Bank of the James Financial Group, Inc. issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.
📋 Key Facts
- Report date: February 2, 2024
- Reporting period: Three and twelve months ended December 31, 2023
- The filing serves to announce quarterly/annual earnings results via Exhibit 99.1.
Bank of the James Financial Group, Inc. announced a quarterly cash dividend declaration.
📋 Key Facts
- Board declared a quarterly cash dividend of $0.10 per share of common stock.
- Dividend payment date is on or about March 1, 2024.
- Record date for stockholders is the close of business on March 15, 2024.