JMSB FY 2021 Earnings Report — John Marshall Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

John Marshall Bancorp, Inc.JMSB

FY 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$76M	—	$74M	—	2.4%
Op. Income	$32M	—	$23M	—	39.8%
Gross Margin	85.1%	—	70.5%	—	14.5pp
Net Margin	33.6%	—	25.0%	—	8.6pp
EPS (Diluted)	$1.83	—	$1.35	—	35.6%
Free Cash Flow	$32M	—	$24M	—	34.2%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$11M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$395.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$10M
Operating Expenses	$32M
Cost & Expenses	$44M
OPERATING INCOME	$32M
Interest Income	$74M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$7M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$25M
D&A	$2M
EBIT	$32M
EBITDA	$34M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$11M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$395.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$10M
Operating Expenses	$32M
Cost & Expenses	$44M
OPERATING INCOME	$32M
Interest Income	$74M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$7M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$25M
D&A	$2M
EBIT	$32M
EBITDA	$34M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$2M
Stock-Based Compensation	$560.0K
Deferred Income Tax	-$678.0K
Other Non-Cash Items	$3M
Change in Working Capital	$2M
OPERATING CASH FLOW	$32M
Capital Expenditure	-$353.0K
Acquisitions (Net)	$0
Purchases of Investments	-$243M
Sales/Maturities of Investments	$44M
Other Investing Activities	-$103M
NET CASH FROM INVESTING	-$303M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$162.0K
Common Dividends Paid	$0
Other Financing Activities	$241M
NET CASH FROM FINANCING	$238M
FREE CASH FLOW	$32M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$239M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$350M
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.1B
Account Payables	$843.0K
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$43M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$58M
TOTAL LIABILITIES	$1.9B
Common Stock	$137.0K
Additional Paid-In Capital	$91M
Retained Earnings	$118M
Treasury Stock	$0
Accum. Other Comp. Income	-$400.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$208M
Minority Interest	$0
TOTAL EQUITY	$208M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$48M
Net Debt	-$58M