This passage is immediately preceded by a description of Pilate's attempt to bring into the temple the emperor's effigies (section 1) and his suppression of those who protested the way he brought water into the city (section 2). It is followed by the account of Tiberius' punishment of priests of Isis's temple in Rome for aiding in an adultery (section 4), and the banishment of four false Jews from Rome by Tiberius (section 5).
Now there was about this time Jesus, a wise man, if it be lawful to call him a man; for he was a doer of wonderful works, a teacher of such men as receive the truth with pleasure. He drew over to him both many of the Jews and many of the Gentiles. He was [the] Christ. And when Pilate, at the suggestion of the principal men amongst us, had condemned him to the cross, those that loved him at the first did not forsake him; for he appeared to them alive again the third day; as the divine prophets had foretold these and ten thousand other wonderful things concerning him. And the tribe of Christians, so named from him, are not extinct at this day.