BOTJ

BOTJ is a small Lynchburg, VA bank holding company that keeps doing the unglamorous things well. Net income has compounded from $7.59M (FY2021) to $9.02M (FY2025), diluted EPS rose 13.7% to $1.99, and operating cash flow jumped 37% to $11.7M. With the share count flat at 4.54M, that earnings growth flows straight through to per-share value. At $24.70 the stock trades at just 12.4x earnings and ~1.40x book (equity of $80.0M / 4.54M shares = ~$17.62/share), an undemanding multiple for a bank growing EPS in the low-teens. Note the data's 'revenue' of $4.27M and resulting P/S of 26.3 and 211% 'net margin' are artifacts: that XBRL tag captures only fee/contract income (wealth management via PWW, mortgage, deposit fees), not net interest income — for a bank the figures that matter are EPS, ROE, P/E and P/B, and those look fine.

The balance sheet is sound and improving. Total assets reached $1.04B (+6.1%), equity grew 23.4% to $80.0M — outpacing the 4.9% rise in liabilities — and cash climbed 15.2% to $84.5M. Retained earnings rose 16.8% to $50.0M, evidence the franchise is self-funding its growth while still paying a steady ~$0.40/share dividend (~1.6% yield) and historically buying back stock. The 11.98x liabilities/equity ratio is normal for a deposit-funded bank, not leverage stress. The 10-K narrative reinforces a deliberate, conservative growth story: 19 full-service offices with a multi-year geographic push into Charlottesville, Roanoke, Harrisonburg and newer Buchanan/Nellysford branches explicitly framed as diversifying away from concentration in the Lynchburg/Region 2000 market.