Welcome to our dedicated page for Eagle Financial Services news (Ticker: EFSI), a resource for investors and traders seeking the latest updates and insights on Eagle Financial Services stock.
Eagle Financial Services, Inc. reports recurring developments for its role as the holding company for Bank of Clarke, a Virginia-chartered community bank offering commercial banking, retail banking, lending, trust and investment services, and Bank of Clarke Wealth Management.
Company news commonly covers quarterly financial results, net interest income and margin trends, common stock cash dividends, mortgage and SBA loan activity, branch expansion, board composition, and capital actions tied to its Nasdaq-listed common stock. Updates also describe Bank of Clarke’s community banking footprint across Virginia markets and related wealth management and loan production activities.
John Marshall Bancorp (JMSB) and Eagle Financial Services (EFSI) agreed to an all-stock merger valued at about $253 million.
Each share of EFSI common stock will be converted into 2.0 shares of John Marshall common stock, implying $46.72 per EFSI share based on John Marshall’s September 4, 2026, closing price of $23.36, an approximately 11.5% premium to EFSI’s $41.90 close. The combined company is expected to have about $4.4 billion in assets and 23 banking offices spanning the Shenandoah Valley, Northern Virginia, adjacent Montgomery County, Maryland and Washington, D.C. The holding company will remain John Marshall Bancorp, headquartered in Reston, Virginia, with the bank headquartered in Berryville and continuing to use the John Marshall Bank and Bank of Clarke brands. Closing is targeted for early Q1 2027, subject to regulatory and shareholder approvals, after which John Marshall plans to increase its quarterly dividend to $0.155 per share.
Eagle Financial Services (NASDAQ:EFSI), holding company for Bank of Clarke, reported second quarter 2026 net income of $5.0 million, or $0.92 per share, versus $3.7 million in first quarter 2026 and $5.3 million a year earlier. The board declared a quarterly cash dividend of $0.31 per share, payable August 14, 2026 to shareholders of record on August 3, 2026.
According to the company, results included a $3.5 million pre-tax gain from the sale of its membership interest in Bearing Insurance Group. Excluding this one-time gain, adjusted net income was $2.2 million, down 40.5% sequentially and 57.7% year over year, mainly due to a higher provision for credit losses. Net loans grew $39.5 million (2.74%), net interest income rose to $16.9 million, and net interest margin improved to 3.86% from 3.63% in Q1 2026 and 3.42% in Q2 2025.
Eagle Financial Services (NASDAQ: EFSI) reported Q1 2026 net income $3.74M and EPS $0.69. The Board declared a $0.31 per share quarterly cash dividend payable May 15, 2026 (record date May 4, 2026). Net interest income was $15.9M and net interest margin was 3.63%. Net income decreased 13.7% sequentially and improved 153.6% year-over-year, driven by lower 2025 one-time loss and higher loan sales and yields.
Eagle Financial Services (NASDAQ: EFSI) reported Q4 2025 results: consolidated net income of $4.3M versus $5.6M in Q3 2025 and $6.2M in Q4 2024. Net interest income was $16.4M (down 4.8% QoQ, up 21.3% YoY) and net interest margin rose to 3.61%. Wealth management fee income increased 25.8% QoQ to $2.3M and noninterest income to average assets reached 1.12%. Noninterest expense increased to $15.5M with salaries and benefits rising. Nonperforming assets were $14.6M (0.77% of assets), including three relationships totaling $9.7M.
Eagle Financial Services (NASDAQ: EFSI) declared a regular cash dividend of $0.31 per common share on January 21, 2026, payable February 13, 2026, to shareholders of record on February 2, 2026. The company will release financial results for the quarter and year ended December 31, 2025, after market close on January 26, 2026, and will host a listen-only conference call and webcast on January 27, 2026 to discuss fourth quarter results.
The company is the holding company for Bank of Clarke, which operates 14 branches across northern Virginia and a loan production office in Frederick, Maryland.
Eagle Financial Services (NASDAQ: EFSI) reported third quarter 2025 results and declared a quarterly cash dividend of $0.31 per share payable Nov 14, 2025 to holders of record on Nov 3, 2025.
Key third-quarter metrics: net income $5.584M (Q/Q +6.0%, Y/Y +63.1%), EPS $1.04, net interest income $17.2M (Q/Q +9.6%, Y/Y +30.7%), net interest margin 3.58%, efficiency ratio 64.06%, and loans (net of ACL) increased by $22.5M during the quarter. The company recorded a $1.1M provision for credit losses and $2.3M net charge-offs in the quarter.
Bank of Clarke (EFSI) has announced the opening of a new full-service branch in McLean, VA, marking its first retail location in Fairfax County. The branch, located at 1313 Dolley Madison Boulevard, represents the bank's second branch opening since 2022.
The new location will be managed by Sunbo Lagbaja and incorporates the bank's existing commercial loan team from Tysons Corner, led by Alex Saidii. The branch will offer a complete range of services including retail and business banking, lending, and wealth management solutions.
Eagle Financial Services (NASDAQ: EFSI) reported strong Q2 2025 financial results, with record net income of $5.3 million and earnings per share of $0.98. The company announced a quarterly dividend of $0.31 per share, payable August 15, 2025.
Key highlights include a 17.7% increase in net interest income to $15.7 million, improved net interest margin of 3.42% (up 44 basis points), and successful sales of $17.1 million in mortgage loans and $8.4 million in SBA loans. The efficiency ratio improved from 72.20% to 64.91%.
Asset quality metrics showed some pressure with nonperforming assets at $17.5 million (0.86% of total assets), primarily due to two large relationships placed in nonaccrual status. The allowance for credit losses to total loans ratio stood at 1.11%, with a provision of $856,000 for Q2 2025.
Eagle Financial Services, Inc. (EFSI) has appointed Karthik Shyamsunder to its Board of Directors. Shyamsunder, a Distinguished Engineer/Fellow/VP at a leading internet technology company, brings extensive expertise in Artificial Intelligence, Cloud Computing, Security, and Big Data.
Currently serving as adjunct faculty at Johns Hopkins University, Shyamsunder holds multiple accolades including the Sun Oracle JavaOne Technology Conference Rock Star Speaker awards and Faculty of the Year awards. He possesses over 15 patents and is expected to contribute significantly to the bank's technological modernization efforts and platform development.
Eagle Financial Services (NASDAQ: EFSI) reported first quarter 2025 results with a net loss of $7.0 million, compared to net income of $6.2 million in Q4 2024. The loss was primarily due to a $12.4 million pre-tax loss from securities sales during balance sheet repositioning.
Key Q1 2025 highlights include: completion of a $53.5 million public offering of 1,796,875 shares at $32.00 per share, core deposit growth of $42.2 million (3.3%), reduction in FHLB borrowings by $55.0 million to $65.0 million, and Wealth Management fee income increase of 21.8% to $1.7 million.
The company's net interest margin was 2.98%, with nonperforming assets increasing to $16.4 million (0.86% of total assets) from $3.0 million in Q4 2024. The Board declared a quarterly dividend of $0.31 per share, payable May 16, 2025.