Item 2.02 - Results of Operations and Financial Condition

On Friday, April 21, 2023, Bank of the James Financial Group, Inc. (the "Company") issued a press release announcing financial results for the quarter ended March 31, 2023 (the "Press Release"). A copy of the Press Release is attached hereto as Exhibit 99.1.

Item 8.01 - Other Events

On April 18, 2023, the Board of Directors of the Company declared a quarterly cash dividend of $0.08 per share of common stock. The dividend will be paid on or about June 16, 2023, to stockholders of record as of the close of business on June 2, 2023.

On April 18, 2023, the Company announced that pursuant to the stock repurchase plan that the Company adopted on February 6, 2023 the Company repurchased 68,619 shares of common stock in the quarter ended March 31, 2023 and an additional 16,700 shares since that time. Because those repurchases exhausted substantially all of the funds allocated under the plan, the Company's board of directors terminated the stock repurchase plan on April 18, 2023. A copy of the Press Release announcing the repurchases and the termination of the stock repurchase plan is attached hereto as Exhibit 99.1.

Item 9.01 - Financial Statements and Exhibits

(a) Financial statements of businesses acquired - not applicable

(b) Pro forma financial information - not applicable

(c) Shell company transactions - not applicable

(d) Exhibits



Exhibit No. Exhibit Description
99.1          Bank of the James Financial Group, Inc. Press Release dated April
            21, 2023
104         The cover page from this Current Report on Form 8-K, formatted in
            Inline XBRL



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