Filing Flows › Bank of the James Financial Group (BOTJ) › Q4 2024
Bank of the James Financial Group (BOTJ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Bank of the James Financial Group (BOTJ) reported revenue of $11.5M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +2% from the quarter before. Operating margin was 18.0%, net earnings $1.6M (14.1% of revenue).
Bank of the James Financial Group, Q4 2024: revenue $11.5M (+9% year over year), operating margin 18.0%, net earnings $1.6M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5M | +2% | +9% |
| Operating profit | $2.1M | -16% | +0.9% |
| Net earnings | $1.6M | -19% | -23% |
| Operating cash flow | $1.9M | -62% | -46% |
| Free cash flow | $1.5M | -54% | -55% |
What changed
Revenue was $11.5M in Q4 2024, up 9% year over year and up 2% from the previous quarter.
Operating profit was $2.1M, a 18.0% margin (down 1.4 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 19% margin then. Total costs grew 11% against revenue growth of 9%. Net earnings were $1.6M, down 23% year over year. The effective tax rate was 21.8%.
Operating cash flow was $1.9M (down 46% year over year), 117% of net earnings. Non-cash charges added back $406K of depreciation and amortization. Working capital and other items used $138K. Capital expenditures of $341K left free cash flow of $1.5M.
Questions
What was Bank of the James Financial Group's revenue in the fourth quarter 2024?
Bank of the James Financial Group (BOTJ) reported revenue of $11.5M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +2% from the quarter before.
Was Bank of the James Financial Group profitable in the fourth quarter 2024?
Operating profit was $2.1M (18.0% of revenue) and net earnings $1.6M.
Source: Bank of the James Financial Group 10-K on SEC EDGAR.