Item 2.02 - Results of Operations and Financial Condition

On Friday, July 22, 2022, Bank of the James Financial Group, Inc. (the "Company") issued a press release announcing financial results for the quarter and year-to-date periods ended June 30, 2022 (the "Press Release"). A copy of the Press Release is attached hereto as Exhibit 99.1.

Item 8.01 - Other Events

On July 19, 2022, the Board of Directors of the Company declared a quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid on or about September 16, 2022, to stockholders of record as of the close of business on September 2, 2022. The Company announced the declaration of the dividend in the Press Release, a copy of which is attached hereto as Exhibit 99.1.

On July 19, 2022, the Company's Board of Directors approved a stock repurchase plan to purchase up to $500,000 of the Company's common stock, par value $2.14, through July 18, 2023 (the "Stock Repurchase Program"). The shares may be purchased pursuant to the Stock Repurchase Program from time to time in open market transactions at prevailing market prices or in privately negotiated transactions, all in accordance with Rule 10b5-1 and 10b-18 under the Securities Exchange Act of 1934. A copy of the Press Release announcing the Stock Repurchase Program 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 July
            22, 2022
104         The cover page from this Current Report on Form 8-K, formatted in
            Inline XBRL



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