Business Context and Reporting Period
Company: Bank of the James Financial Group, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 19, 2021
Reporting Period Referenced: Quarter and year-to-date ended December 31, 2020
Key Financial Metrics
This filing serves as a notification of a press release regarding financial results for the period ended December 31, 2020. The specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not contained within the text of this 8-K filing; they are referenced in the attached Exhibit 99.1 (Press Release).
Material Changes and Corporate Actions
- Dividend Declaration: The Board of Directors declared a quarterly cash dividend of $0.07 per share of common stock.
- Dividend Schedule: Payable on or about March 19, 2021, to stockholders of record as of March 5, 2021.
- Stock Repurchase Program: Authorized the repurchase of up to 47,000 shares of common stock (announced January 22, 2021).
Guidance, Outlook, and Risks
The filing does not provide specific management commentary, forward-looking guidance, or a detailed risk assessment. It directs investors to the press release (Exhibit 99.1) for the announcement of financial results and the stock repurchase program details.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) for specific Q4 and full-year 2020 financial figures (revenue, net income, EPS).
- Confirm the record date (March 5, 2021) and payment date (March 19, 2021) for the $0.07 dividend.
- Monitor future filings for execution details regarding the 47,000-share stock repurchase authorization.