EAGLE FINANCIAL SERVICES, INC. ANNOUNCES 2026 SECOND QUARTER FINANCIAL RESULTS AND QUARTERLY DIVIDEND
Rhea-AI Summary
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.
Positive
- Quarterly dividend of $0.31 per share payable August 14, 2026
- Reported net income $5.0 million, up from $3.7 million in Q1 2026
- Net interest income $16.9 million, up 6.7% QoQ and 8.1% YoY
- Net loans grew $39.5 million, an increase of 2.74% in the quarter
- Net interest margin improved to 3.86% from 3.63% in Q1 2026
- Pre-tax gain of $3.5 million from sale of Bearing Insurance Group interest
- Wealth management fees rose 23.3% QoQ and 33.2% YoY; AUM to $599 million
- Annualized return on average equity of 10.35% and return on assets of 1.08%
Negative
- Adjusted net income $2.2 million, down 40.5% QoQ and 57.7% YoY
- Total noninterest expenses rose to $15.5 million, up 9.3% QoQ and 15.9% YoY
- Salaries and employee benefits increased $983,000 QoQ and $1.37 million YoY
- Gain on sale of loans held for sale down 36.2% QoQ and 41.5% YoY
- Small business investment company income decreased 58.6% QoQ and 17.3% YoY
News Market Reaction – EFSI
In the Jul 24 session, EFSI declined 2.34%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Dividends,earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 23 | First-quarter earnings | Positive | -3.1% | Reported Q1 earnings and declared a $0.31 quarterly dividend. |
| Oct 23 | Third-quarter earnings | Positive | +0.9% | Reported higher earnings, EPS, net interest income, and quarterly dividend. |
| Jul 24 | Second-quarter earnings | Positive | -0.4% | Reported record net income, higher margin, and declared a quarterly dividend. |
| Apr 25 | First-quarter earnings | Negative | -5.9% | Reported a net loss alongside securities-sale losses and higher nonperforming assets. |
| Jan 24 | Fourth-quarter earnings | Positive | -0.0% | Reported higher net income, EPS, deposits, and lower borrowings. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
EFSI's tag-specific earnings-and-dividend announcements produced four negative reactions out of five, including the most recent two events.
Key Terms
non-gaap financial measure financial
net interest margin financial
tax equivalent net interest income financial
nonaccrual loans financial
allowance for credit losses financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Three Months Ended | |||||||||||||||
June 30, | March 31, | June 30, | |||||||||||||
2026 | 2026 | 2025 | |||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||
As adjusted (1) | |||||||||||||||
Consolidated net income | $ | 4,981 | $ | 2,227 | $ | 3,740 | $ | 5,270 | |||||||
Consolidated noninterest income | $ | 8,590 | $ | 5,104 | $ | 4,928 | $ | 4,917 | |||||||
Earnings per share - basic and diluted | $ | 0.92 | $ | 0.41 | $ | 0.69 | $ | 0.98 | |||||||
Annualized return on average equity | 10.35 | % | 4.63 | % | 7.98 | % | 11.93 | % | |||||||
Annualized return on average assets | 1.08 | % | 0.48 | % | 0.81 | % | 1.09 | % | |||||||
Net interest margin(2) | 3.86 | % | 3.86 | % | 3.63 | % | 3.42 | % | |||||||
(1) Non-GAAP financial measure - Excluding the tax effected impact of the gain on sale of other assets during the quarter ended June 30, 2026. See the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for a reconciliation of these measures to comparable measures calculated in accordance with GAAP. |
(2) Non-GAAP financial measure - The annualized net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is |
Additional key highlights for the second quarter of 2026 are as follows:
- Net loans increased by
$39.5 million 2.74% . - Net interest margin increased from
3.63% for the quarter ended March 31, 2026 to3.86% for the quarter ended June 30, 2026. Net interest spread increased from2.80% for the quarter ended March 31, 2026 to3.01% for the quarter ended June 30, 2026.
Brandon Lorey, President and CEO, stated, "Our second quarter results reflect continued progress in the core operating performance of the franchise. Meaningful loan growth, improved net interest income, and a net interest margin of
Summary
Total net income for the quarters ended June 30, 2026 and March 31, 2026 was
For the quarter ending June 30, 2026, adjusted net income decreased
Interest Income
Total loan interest income was
Interest and dividend income from the investment portfolio was
Interest Expense
Total interest expense was
Net Interest Income
Net interest income for the quarter ended June 30, 2026 was
The net interest margin was
The Company's net interest margin is not a measurement under accounting principles generally accepted in
Noninterest Income and Expense
Total noninterest income was
For The Three Months Ended | ||||||||||||||||||||||||||
(Dollars in thousands) | 6/30/2026 | 3/31/2026 | $ | % | 6/30/2025 | $ | % | |||||||||||||||||||
Noninterest Income | ||||||||||||||||||||||||||
Wealth management fees | $ | 2,197 | $ | 1,782 | $ | 415 | 23.3 | % | $ | 1,650 | $ | 547 | 33.2 | % | ||||||||||||
Service charges on deposit accounts | 563 | 556 | 7 | 1.3 | % | 517 | 46 | 8.9 | % | |||||||||||||||||
Other service charges and fees | 1,028 | 921 | 107 | 11.6 | % | 1,060 | (32) | -3.0 | % | |||||||||||||||||
(Loss) on the sale and disposal of bank premises and equipment | (4) | — | (4) | NA | — | (4) | NA | |||||||||||||||||||
Gain on sale of loans held for sale | 646 | 1,012 | (366) | -36.2 | % | 1,104 | (458) | -41.5 | % | |||||||||||||||||
Gain on sale of other assets | 3,486 | — | 3,486 | NA | — | 3,486 | NA | |||||||||||||||||||
Small business investment company income | 110 | 266 | (156) | -58.6 | % | 133 | (23) | -17.3 | % | |||||||||||||||||
Bank owned life insurance income | 289 | 284 | 5 | 1.8 | % | 278 | 11 | 4.0 | % | |||||||||||||||||
Other operating income | 275 | 107 | 168 | 157.0 | % | 175 | 100 | 57.1 | % | |||||||||||||||||
Total noninterest income | $ | 8,590 | $ | 4,928 | $ | 3,662 | 74.3 | % | $ | 4,917 | $ | 3,673 | 74.7 | % | ||||||||||||
Total noninterest income increased in the second quarter of 2026 compared to the first quarter of 2026, primarily due to a gain on the sale of other assets. During the quarter, the Company sold its membership interest in Bearing to an unaffiliated third party and recognized a pre-tax gain of
Noninterest income, as adjusted to exclude the one-time effect of the gain on the sale, was
Compared to both the first quarter of 2026 and the second quarter of 2025, adjusted noninterest income increased primarily due to higher wealth management fee income. Assets under management increased from
Noninterest expense increased
For The Three Months Ended | ||||||||||||||||||||||||||
(Dollars in thousands) | 6/30/2026 | 3/31/2026 | $ | % | 6/30/2025 | $ | % | |||||||||||||||||||
Noninterest Expenses | ||||||||||||||||||||||||||
Salaries and employee benefits | $ | 9,212 | $ | 8,229 | $ | 983 | 11.9 | % | $ | 7,845 | $ | 1,367 | 17.4 | % | ||||||||||||
Occupancy expenses | 613 | 666 | (53) | -8.0 | % | 598 | 15 | 2.5 | % | |||||||||||||||||
Equipment expenses | 451 | 462 | (11) | -2.4 | % | 401 | 50 | 12.5 | % | |||||||||||||||||
Advertising and marketing expenses | 295 | 191 | 104 | 54.5 | % | 152 | 143 | 94.1 | % | |||||||||||||||||
Stationery and supplies | 30 | 46 | (16) | -34.8 | % | 35 | (5) | -14.3 | % | |||||||||||||||||
ATM network fees | 326 | 327 | (1) | -0.3 | % | 332 | (6) | -1.8 | % | |||||||||||||||||
Other real estate owned (gain), net | — | (5) | 5 | NA | — | — | NA | |||||||||||||||||||
Loss of sale of repossessed assets | — | 39 | (39) | -100.0 | % | — | — | NA | ||||||||||||||||||
FDIC assessment | 169 | 227 | (58) | -25.6 | % | 254 | (85) | -33.5 | % | |||||||||||||||||
Computer software expense | 422 | 354 | 68 | 19.2 | % | 325 | 97 | 29.8 | % | |||||||||||||||||
Bank franchise tax | 530 | 481 | 49 | 10.2 | % | 381 | 149 | 39.1 | % | |||||||||||||||||
Professional fees | 551 | 604 | (53) | -8.8 | % | 641 | (90) | -14.0 | % | |||||||||||||||||
Data processing fees | 591 | 486 | 105 | 21.6 | % | 633 | (42) | -6.6 | % | |||||||||||||||||
Other operating expenses | 2,341 | 2,105 | 236 | 11.2 | % | 1,802 | 539 | 29.9 | % | |||||||||||||||||
Total noninterest expenses | $ | 15,531 | $ | 14,212 | $ | 1,319 | 9.3 | % | $ | 13,399 | $ | 2,132 | 15.9 | % | ||||||||||||
Total noninterest expense increased in the second quarter of 2026 compared to the first quarter of 2026, primarily due to higher salaries and benefits expense. The increase was largely attributable to higher incentive compensation accruals as performance metrics reached payout levels during the quarter, as well as increased loan production incentive accruals associated with loan growth. In addition, annual merit increases and compensation adjustments, which were implemented at the end of the first quarter and became effective in the second quarter, contributed to the increase.
Total noninterest expense increased in the second quarter of 2026 compared to the second quarter of 2025, primarily due to higher salaries and employee benefits expense and increased other operating expenses. In addition to the higher incentive compensation accruals discussed above, salaries and employee benefits expense increased as a result of growth in the Company's workforce, with full-time equivalent ("FTE") employees increasing from 245 to 259 during the period. Other operating expenses increased largely due to higher contributions toward charitable activities, primarily driven by the Bank's matching of donations from a very successful "Give with BOC" campaign as well as elevated loan collection costs associated with a single multifamily relationship included in the nonaccrual loan balance discussed below.
Asset Quality and Provision for Credit Losses
As of | ||||||||||||
(dollars in thousands) | June 30, 2026 | March 31, 2026 | June 30, 2025 | |||||||||
Nonaccrual loans | $ | 16,146 | $ | 14,711 | $ | 16,735 | ||||||
Loans past due 90 days or more and accruing interest | 20 | 13 | 593 | |||||||||
Other real estate owned and repossessed assets | 302 | — | 186 | |||||||||
Total nonperforming assets | $ | 16,468 | $ | 14,724 | $ | 17,514 | ||||||
Allowance for credit losses on loans | $ | 18,306 | $ | 17,326 | $ | 15,979 | ||||||
Allowance for credit losses on loans to total gross loans | 1.22 | % | 1.19 | % | 1.11 | % | ||||||
Non-performing assets to total assets | 0.89 | % | 0.80 | % | 0.86 | % | ||||||
Nonperforming assets consist of nonaccrual loans, loans 90 days or more past due and still accruing, other real estate owned (foreclosed properties), and repossessed assets. Nonperforming assets increased by
The majority of all nonaccrual loans are secured by real estate and management evaluates the financial condition of these borrowers and the value of any collateral on these loans. The results of these evaluations are used to estimate the amount of losses which may be realized on the disposition of these nonaccrual loans. Specific reserves on nonaccrual loans totaled
Net charge-offs totaled
The allowance for credit losses as a percentage of total loans was
The provision for credit losses on loans reflects management's ongoing assessment of the adequacy of the allowance for credit losses and the credit risk inherent in the loan portfolio. The Company recorded a provision for credit losses on loans of
Management's judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower's ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. The Company is committed to maintaining an allowance at a level that adequately reflects expected credit losses over the life of the loan portfolio.
Balance Sheet
Total consolidated assets were
Total net loans increased
Total deposits were
Core deposit change for the quarter and twelve months ended June 30, 2026 was an increase of
Liquidity
The objective of the Company's liquidity management is to ensure the continuous availability of funds to satisfy the credit needs of our customers and the demands of our depositors, creditors and investors. Uninsured deposits represent an estimate of amounts above the Federal Deposit Insurance Corporation ("FDIC") insurance coverage limit of
The Company's liquid assets, which include cash and due from banks, interest-bearing deposits at other banks, loans with a maturity less than one year and nonpledged securities available for sale, were
Additional sources of liquidity available to the Company include cash flows from operations, loan payments and payoffs, deposit growth, maturities, calls and sales of securities and the issuance of brokered certificates of deposit.
Capital and Dividends
On July 23, 2026, the Board of Directors announced a quarterly common stock cash dividend of
Total consolidated equity increased
The Company's securities available for sale are fixed income debt securities and their unrealized loss position is a result of increased market interest rates since they were purchased. The Company expects to recover its investments in debt securities through scheduled payments of principal and interest. The accumulated other comprehensive loss related to the Company's securities available for sale increased to
As of June 30, 2026, the most recent notification from the FDIC categorized the Bank of
Explanation of Non-GAAP Financial Measures
This release contains financial information determined by methods other than in accordance with GAAP. Management believes that the supplemental Non-GAAP information provides a better comparison of period-to-period operating performance and the impact of non-recurring transactions on the Bank's results. Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company's results and financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for or more important than financial results in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies.
Second Quarter 2026 Earnings Release Conference Call and Webcast
Eagle Financial Services' Chief Executive Officer, Brandon Lorey, and Chief Financial Officer, Kate Chappell, will hold a listen-only conference call and webcast to discuss second quarter results on Friday, July 24, 2026, at 10 a.m. eastern time. Those wishing to listen to the conference call should call the applicable number below and reference the Conference ID below.
Conference ID – 4519726 and press #
A replay of the call and webcast will be accessible at investors.bankofclarke.bank. Webcast URL: https://events.q4inc.com/attendee/682653491
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statement, except as required by law.
Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to: changes in interest rates and general economic conditions; the legislative and regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and Federal Reserve; the quality or composition of the Company's loan or investment portfolios; the Company's ability to successfully resolve non-performing assets; demand for loan products; liquidity and deposit flows; competition; demand for financial services in the Company's market area; acquisitions and dispositions; the Company's ability to keep pace with new technologies; a failure in or breach of the Company's operational or security systems or infrastructure, or those of third-party vendors or other service providers, including as a result of cyberattacks; the Company's capital and liquidity; changes in tax and accounting rules, principles, policies and guidelines; and other factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the Securities and Exchange Commission.
EAGLE FINANCIAL SERVICES, INC. KEY STATISTICS (unaudited) | ||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||
(Dollars in thousands, except per share data) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | |||||||||||||||
Net income | $ | 4,981 | $ | 3,740 | $ | 4,334 | $ | 5,584 | $ | 5,270 | ||||||||||
Earnings per share, basic | $ | 0.92 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
Earnings per share, diluted | $ | 0.92 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
Return on average total assets (annualized) | 1.08 | % | 0.81 | % | 0.91 | % | 1.10 | % | 1.09 | % | ||||||||||
Return on average total equity (annualized) | 10.35 | % | 7.98 | % | 9.18 | % | 12.20 | % | 11.93 | % | ||||||||||
Dividend payout ratio | 33.70 | % | 44.93 | % | 38.27 | % | 29.81 | % | 31.63 | % | ||||||||||
Fee revenue as a percent of total revenue (1) | 14.82 | % | 15.64 | % | 17.86 | % | 15.81 | % | 15.65 | % | ||||||||||
Net interest margin (annualized) (2) | 3.86 | % | 3.63 | % | 3.61 | % | 3.58 | % | 3.42 | % | ||||||||||
Yield on average earning assets (annualized) | 5.54 | % | 5.44 | % | 5.45 | % | 5.39 | % | 5.41 | % | ||||||||||
Rate on average interest-bearing liabilities (annualized) | 2.53 | % | 2.64 | % | 2.71 | % | 2.82 | % | 2.90 | % | ||||||||||
Net interest spread | 3.01 | % | 2.80 | % | 2.74 | % | 2.57 | % | 2.51 | % | ||||||||||
Tax equivalent adjustment to net interest income | $ | 18 | $ | 20 | $ | 26 | $ | 25 | $ | 26 | ||||||||||
Non-interest income to average assets | 1.86 | % | 1.07 | % | 1.12 | % | 1.02 | % | 1.02 | % | ||||||||||
Non-interest expense to average assets | 3.37 | % | 3.09 | % | 3.24 | % | 2.83 | % | 2.78 | % | ||||||||||
Efficiency ratio(3) | 70.29 | % | 67.97 | % | 70.39 | % | 64.06 | % | 64.91 | % | ||||||||||
(1) Fee revenue as a percentage of total revenue is calculated by dividing the sum of wealth management fees, service charges on deposit accounts and other service charges and fees by the sum of net interest income and non-interest income. |
(2) Non-GAAP financial measure - The annualized net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is |
(3) Non-GAAP financial measure - The efficiency ratio is not a measurement under accounting principles generally accepted in |
EAGLE FINANCIAL SERVICES, INC. SELECTED FINANCIAL DATA BY QUARTER (unaudited) | ||||||||||||||||||||
(Dollars in thousands, except per share data) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | |||||||||||||||
BALANCE SHEET RATIOS | ||||||||||||||||||||
Loans to deposits | 93.60 | % | 91.28 | % | 91.65 | % | 88.21 | % | 81.44 | % | ||||||||||
Average interest-earning assets to average-interest bearing liabilities | 150.25 | % | 146.04 | % | 147.54 | % | 155.33 | % | 146.08 | % | ||||||||||
PER SHARE DATA | ||||||||||||||||||||
Dividends | $ | 0.31 | $ | 0.31 | $ | 0.31 | $ | 0.31 | $ | 0.31 | ||||||||||
Book value | 35.83 | 35.16 | 35.14 | 34.52 | 33.41 | |||||||||||||||
Tangible book value | 35.83 | 35.16 | 35.14 | 34.52 | 33.41 | |||||||||||||||
SHARE PRICE DATA | ||||||||||||||||||||
Closing price | $ | 41.46 | $ | 34.98 | $ | 39.80 | $ | 37.83 | $ | 30.62 | ||||||||||
Diluted earnings multiple(1) | 11.27 | 12.67 | 12.28 | 9.09 | 7.81 | |||||||||||||||
Book value multiple(2) | 1.16 | 0.99 | 1.13 | 1.10 | 0.92 | |||||||||||||||
COMMON STOCK DATA | ||||||||||||||||||||
Outstanding shares at end of period | 5,411,615 | 5,412,376 | 5,374,205 | 5,376,346 | 5,376,346 | |||||||||||||||
Weighted average shares outstanding | 5,412,016 | 5,412,021 | 5,376,088 | 5,376,346 | 5,378,214 | |||||||||||||||
Weighted average shares outstanding, diluted | 5,412,016 | 5,412,021 | 5,376,088 | 5,376,346 | 5,378,214 | |||||||||||||||
CREDIT QUALITY | ||||||||||||||||||||
Net charge-offs (recoveries) to average loans | 0.15 | % | (0.00) | % | 0.02 | % | 0.16 | % | 0.01 | % | ||||||||||
Total non-performing loans to total loans (3) | 1.08 | % | 1.01 | % | 0.98 | % | 0.91 | % | 1.20 | % | ||||||||||
Total non-performing assets to total assets (4) | 0.89 | % | 0.80 | % | 0.77 | % | 0.74 | % | 0.86 | % | ||||||||||
Non-accrual loans to: | ||||||||||||||||||||
Total loans | 1.08 | % | 1.01 | % | 0.98 | % | 0.90 | % | 1.16 | % | ||||||||||
Total assets | 0.87 | % | 0.80 | % | 0.76 | % | 0.68 | % | 0.82 | % | ||||||||||
Allowance for credit losses to: | ||||||||||||||||||||
Total loans | 1.22 | % | 1.19 | % | 1.04 | % | 1.01 | % | 1.11 | % | ||||||||||
Non-performing assets (4) | 111.16 | % | 117.67 | % | 104.98 | % | 103.81 | % | 91.24 | % | ||||||||||
Non-accrual loans | 113.38 | % | 117.78 | % | 106.40 | % | 112.48 | % | 95.48 | % | ||||||||||
NON-PERFORMING ASSETS: | ||||||||||||||||||||
Loans delinquent over 90 days and still accruing | $ | 20 | $ | 13 | $ | 60 | $ | 91 | $ | 593 | ||||||||||
Non-accrual loans | 16,146 | 14,711 | 14,398 | 13,167 | 16,735 | |||||||||||||||
Other real estate owned and repossessed assets | 302 | — | 135 | 1,009 | 186 | |||||||||||||||
NET LOAN CHARGE-OFFS (RECOVERIES): | ||||||||||||||||||||
Loans charged off | $ | 2,269 | $ | 155 | $ | 318 | $ | 2,417 | $ | 335 | ||||||||||
(Recoveries) | (42) | (189) | (81) | (117) | (176) | |||||||||||||||
Net charge-offs (recoveries) | 2,227 | (34) | 237 | 2,300 | 159 | |||||||||||||||
PROVISION FOR CREDIT LOSSES ON LOANS | $ | 3,207 | $ | 1,972 | $ | 747 | $ | 1,131 | $ | 856 | ||||||||||
ALLOWANCE FOR CREDIT LOSSES ON LOANS | $ | 18,306 | $ | 17,326 | $ | 15,320 | $ | 14,810 | $ | 15,979 | ||||||||||
(1) The diluted earnings multiple (or price earnings ratio) is calculated by dividing the period-end closing market price per share by annualized diluted earnings per share for the quarter. The diluted earnings multiple is a measure of how much an investor may be willing to pay for |
(2) The book value multiple (or price to book ratio) is calculated by dividing the period's closing market price per share by the period's book value per share. The book value multiple is a measure used to compare the Company's market value per share to its book value per share. |
(3) Non-performing loans include non-accrual loans and loans 90 days or more past due and still accruing interest. |
(4) Non-performing assets include non-accrual loans, loans 90 days or more past due and still accruing interest, repossessed assets and other real estate owned (OREO) acquired through foreclosure. |
EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS | ||||||||||||||||||||
As of: | ||||||||||||||||||||
(Dollars in thousands) | Unaudited | Unaudited | * | Unaudited | Unaudited | |||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | 18,281 | $ | 14,500 | $ | 13,942 | $ | 15,558 | $ | 17,401 | ||||||||||
Interest-bearing deposits with other institutions | 71,169 | 94,974 | 103,984 | 189,119 | 260,568 | |||||||||||||||
Federal funds sold | 54,542 | 80,293 | 99,268 | 63,452 | 118,033 | |||||||||||||||
Securities available for sale, at fair value | 114,341 | 117,245 | 123,329 | 125,165 | 124,693 | |||||||||||||||
Loans held for sale | 5,974 | 5,214 | 4,786 | 3,479 | 3,302 | |||||||||||||||
Loans, net of allowance for credit losses | 1,481,045 | 1,441,533 | 1,457,757 | 1,445,118 | 1,422,653 | |||||||||||||||
Bank premises and equipment, net | 14,974 | 14,911 | 14,906 | 14,878 | 14,693 | |||||||||||||||
Bank owned life insurance | 32,293 | 32,004 | 31,720 | 31,440 | 31,172 | |||||||||||||||
Other assets | 54,746 | 37,686 | 38,934 | 44,264 | 42,565 | |||||||||||||||
Total assets | $ | 1,847,365 | $ | 1,838,360 | $ | 1,888,626 | $ | 1,932,473 | $ | 2,035,080 | ||||||||||
Liabilities and Shareholders' Equity | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Noninterest bearing demand deposits | $ | 463,086 | $ | 455,107 | $ | 432,171 | $ | 521,149 | $ | 574,596 | ||||||||||
Savings and interest bearing demand deposits | 720,714 | 728,322 | 728,545 | 687,530 | 728,370 | |||||||||||||||
Time deposits | 418,135 | 414,790 | 446,644 | 446,369 | 463,558 | |||||||||||||||
Total deposits | $ | 1,601,935 | $ | 1,598,219 | $ | 1,607,360 | $ | 1,655,048 | $ | 1,766,524 | ||||||||||
Federal funds purchased | 11 | — | — | 101 | 172 | |||||||||||||||
Federal Home Loan Bank advances, long-term | — | — | 40,000 | 40,000 | 40,000 | |||||||||||||||
Subordinated debt, net | 29,613 | 29,596 | 29,579 | 29,562 | 29,545 | |||||||||||||||
Other liabilities | 21,901 | 20,219 | 22,848 | 22,181 | 19,191 | |||||||||||||||
Total liabilities | $ | 1,653,460 | $ | 1,648,034 | $ | 1,699,787 | $ | 1,746,892 | $ | 1,855,432 | ||||||||||
Commitments and contingent liabilities | ||||||||||||||||||||
Shareholders' Equity | ||||||||||||||||||||
Preferred stock, | — | — | — | — | — | |||||||||||||||
Common stock, | 13,311 | 13,311 | 13,264 | 13,260 | 13,260 | |||||||||||||||
Surplus | 65,189 | 64,802 | 64,720 | 64,458 | 64,154 | |||||||||||||||
Retained earnings | 121,481 | 118,178 | 116,115 | 113,448 | 109,530 | |||||||||||||||
Accumulated other comprehensive (loss) | (6,076) | (5,965) | (5,260) | (5,585) | (7,296) | |||||||||||||||
Total shareholders' equity | $ | 193,905 | $ | 190,326 | $ | 188,839 | $ | 185,581 | $ | 179,648 | ||||||||||
Total liabilities and shareholders' equity | $ | 1,847,365 | $ | 1,838,360 | $ | 1,888,626 | $ | 1,932,473 | $ | 2,035,080 | ||||||||||
* Derived from audited consolidated financial statements. | ||||||||||||||||||||
EAGLE FINANCIAL SERVICES, INC. LOAN DATA (unaudited) | ||||||||||||||||||||
As of: | ||||||||||||||||||||
(Dollars in thousands) | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | |||||||||||||||
Mortgage real estate loans: | ||||||||||||||||||||
Construction & Secured by Farmland | $ | 95,454 | $ | 82,594 | $ | 82,336 | $ | 84,467 | $ | 76,060 | ||||||||||
HELOCs | 59,973 | 58,784 | 58,640 | 54,549 | 52,032 | |||||||||||||||
Residential First Lien - Investment | 107,456 | 107,084 | 107,308 | 103,942 | 106,493 | |||||||||||||||
Residential First Lien - Owner Occupied | 177,739 | 176,378 | 178,806 | 178,725 | 177,000 | |||||||||||||||
Residential Junior Liens | 10,117 | 10,775 | 10,724 | 10,497 | 10,865 | |||||||||||||||
Commercial - Owner Occupied | 329,817 | 313,161 | 298,853 | 290,931 | 288,821 | |||||||||||||||
Commercial - Non-Owner Occupied & Multifamily | 397,617 | 389,878 | 398,926 | 398,076 | 372,833 | |||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||
BHG loans | 1,713 | 2,118 | 2,344 | 2,637 | 2,928 | |||||||||||||||
SBA PPP loans | — | — | 4 | 10 | 16 | |||||||||||||||
Other commercial and industrial loans | 116,346 | 99,170 | 110,876 | 100,777 | 103,571 | |||||||||||||||
Marine loans | 159,246 | 170,217 | 175,639 | 185,938 | 196,434 | |||||||||||||||
Triad Loans | 20,291 | 20,789 | 21,324 | 21,856 | 22,111 | |||||||||||||||
Consumer loans | 7,761 | 9,707 | 7,418 | 7,566 | 7,628 | |||||||||||||||
Overdrafts | 463 | 343 | 318 | 297 | 240 | |||||||||||||||
Other loans | 11,540 | 12,572 | 13,946 | 13,895 | 15,372 | |||||||||||||||
Total loans | $ | 1,495,533 | $ | 1,453,570 | $ | 1,467,462 | $ | 1,454,163 | $ | 1,432,404 | ||||||||||
Net deferred loan costs and premiums | 3,818 | 5,289 | 5,615 | 5,765 | 6,228 | |||||||||||||||
Allowance for credit losses on loans | (18,306) | (17,326) | (15,320) | (14,810) | (15,979) | |||||||||||||||
Net loans | $ | 1,481,045 | $ | 1,441,533 | $ | 1,457,757 | $ | 1,445,118 | $ | 1,422,653 | ||||||||||
EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) | ||||||||||||||||||||
For The Three Months Ended | ||||||||||||||||||||
(Dollars in thousands, except per share data) | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | |||||||||||||||
Interest and Dividend Income | ||||||||||||||||||||
Interest and fees on loans | $ | 21,744 | $ | 20,713 | $ | 21,268 | $ | 20,722 | $ | 20,409 | ||||||||||
Interest on federal funds sold | 176 | 109 | 54 | 55 | 87 | |||||||||||||||
Interest and dividends on securities available for sale: | ||||||||||||||||||||
Taxable interest income | 1,188 | 1,230 | 1,274 | 1,293 | 1,142 | |||||||||||||||
Dividends | 67 | 76 | 61 | 60 | 117 | |||||||||||||||
Interest on deposits in banks | 1,200 | 1,698 | 2,098 | 3,803 | 3,060 | |||||||||||||||
Total interest and dividend income | $ | 24,375 | $ | 23,826 | $ | 24,755 | $ | 25,933 | $ | 24,815 | ||||||||||
Interest Expense | ||||||||||||||||||||
Interest on deposits | $ | 7,050 | $ | 7,225 | $ | 7,526 | $ | 7,886 | $ | 8,263 | ||||||||||
Interest on Federal Home Loan Bank advances | — | 344 | 494 | 494 | 499 | |||||||||||||||
Interest on subordinated debt | 355 | 354 | 354 | 354 | 355 | |||||||||||||||
Total interest expense | $ | 7,405 | $ | 7,923 | $ | 8,374 | $ | 8,734 | $ | 9,117 | ||||||||||
Net interest income | $ | 16,970 | $ | 15,903 | $ | 16,381 | $ | 17,199 | $ | 15,698 | ||||||||||
Provision For Credit Losses | 3,503 | 1,961 | 688 | 1,112 | 668 | |||||||||||||||
Net interest income after provision for credit losses | $ | 13,467 | $ | 13,942 | $ | 15,693 | $ | 16,087 | $ | 15,030 | ||||||||||
Noninterest Income | ||||||||||||||||||||
Wealth management fees | $ | 2,197 | $ | 1,782 | $ | 2,299 | $ | 1,827 | $ | 1,650 | ||||||||||
Service charges on deposit accounts | 563 | 556 | 574 | 558 | 517 | |||||||||||||||
Other service charges and fees | 1,028 | 921 | 1,009 | 1,151 | 1,060 | |||||||||||||||
(Loss) on the sale and disposal of bank premises and equipment | (4) | — | (1) | (2) | — | |||||||||||||||
Gain on sale of loans held for sale | 646 | 1,012 | 830 | 1,012 | 1,104 | |||||||||||||||
Gain on sale of other assets | 3,486 | — | — | — | — | |||||||||||||||
Small business investment company income | 110 | 266 | 40 | 58 | 133 | |||||||||||||||
Bank owned life insurance income | 289 | 284 | 280 | 268 | 278 | |||||||||||||||
Other operating income | 275 | 107 | 324 | 293 | 175 | |||||||||||||||
Total noninterest income | $ | 8,590 | $ | 4,928 | $ | 5,355 | $ | 5,165 | $ | 4,917 | ||||||||||
Noninterest Expenses | ||||||||||||||||||||
Salaries and employee benefits | $ | 9,212 | $ | 8,229 | $ | 9,462 | $ | 8,717 | $ | 7,845 | ||||||||||
Occupancy expenses | 613 | 666 | 663 | 691 | 598 | |||||||||||||||
Equipment expenses | 451 | 462 | 442 | 437 | 401 | |||||||||||||||
Advertising and marketing expenses | 295 | 191 | 209 | 317 | 152 | |||||||||||||||
Stationery and supplies | 30 | 46 | 20 | 37 | 35 | |||||||||||||||
ATM network fees | 326 | 327 | 324 | 327 | 332 | |||||||||||||||
Other real estate owned expense (gain), net | — | (5) | 20 | — | — | |||||||||||||||
Loss on the sale of other real estate owned | — | — | 51 | — | — | |||||||||||||||
Loss on sale of repossessed assets | — | 39 | 169 | — | — | |||||||||||||||
FDIC assessment | 169 | 227 | 200 | 172 | 254 | |||||||||||||||
Computer software expense | 422 | 354 | 373 | 389 | 325 | |||||||||||||||
Bank franchise tax | 530 | 481 | 388 | 388 | 381 | |||||||||||||||
Professional fees | 551 | 604 | 723 | 493 | 641 | |||||||||||||||
Data processing fees | 591 | 486 | 558 | 469 | 633 | |||||||||||||||
Other operating expenses | 2,341 | 2,105 | 1,937 | 1,907 | 1,802 | |||||||||||||||
Total noninterest expenses | $ | 15,531 | $ | 14,212 | $ | 15,539 | $ | 14,344 | $ | 13,399 | ||||||||||
Income before income taxes | $ | 6,526 | $ | 4,658 | $ | 5,509 | $ | 6,908 | $ | 6,548 | ||||||||||
Income Tax Expense | 1,545 | 918 | 1,175 | 1,324 | 1,278 | |||||||||||||||
Net income | $ | 4,981 | $ | 3,740 | $ | 4,334 | $ | 5,584 | $ | 5,270 | ||||||||||
Earnings Per Share | ||||||||||||||||||||
Net income per common share, basic | $ | 0.92 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
Net income per common share, diluted | $ | 0.92 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
EAGLE FINANCIAL SERVICES, INC. Average Balances, Income and Expenses, Yields and Rates (unaudited) | ||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
June 30, 2026 | March 31, 2026 | June 30, 2025 | ||||||||||||||||||||||||||||||||||
Interest | Interest | Interest | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Income/ | Average | Average | Income/ | Average | Average | Income/ | Average | |||||||||||||||||||||||||||
Assets: | Balance | Expense | Rate | Balance | Expense | Rate | Balance | Expense | Rate | |||||||||||||||||||||||||||
Securities: | ||||||||||||||||||||||||||||||||||||
Taxable | $ | 116,041 | $ | 1,255 | 4.34 | % | $ | 122,130 | $ | 1,306 | 4.34 | % | $ | 115,712 | $ | 1,260 | 4.37 | % | ||||||||||||||||||
Total Securities | $ | 116,041 | $ | 1,255 | 4.34 | % | $ | 122,130 | $ | 1,306 | 4.34 | % | $ | 115,712 | $ | 1,260 | 4.37 | % | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||||||||||
Taxable | $ | 1,478,699 | $ | 21,675 | 5.88 | % | $ | 1,434,955 | $ | 20,639 | 5.83 | % | $ | 1,419,117 | $ | 20,309 | 5.74 | % | ||||||||||||||||||
Non-accrual | 15,113 | — | — | % | 14,534 | — | — | % | 16,337 | — | — | % | ||||||||||||||||||||||||
Tax-Exempt (1) | 7,002 | 87 | 4.98 | % | 7,448 | 94 | 5.12 | % | 9,999 | 126 | 5.04 | % | ||||||||||||||||||||||||
Total Loans | $ | 1,500,814 | $ | 21,762 | 5.82 | % | $ | 1,456,937 | $ | 20,733 | 5.77 | % | $ | 1,445,453 | $ | 20,435 | 5.67 | % | ||||||||||||||||||
Federal funds sold and interest-bearing deposits in other banks | 147,832 | 1,376 | 3.73 | % | 198,084 | 1,807 | 3.70 | % | 281,749 | 3,146 | 4.48 | % | ||||||||||||||||||||||||
Total earning assets | $ | 1,764,687 | $ | 24,393 | 5.54 | % | $ | 1,777,151 | $ | 23,846 | 5.44 | % | $ | 1,842,914 | $ | 24,841 | 5.41 | % | ||||||||||||||||||
Allowance for credit losses on loans | (17,761) | (15,695) | (15,439) | |||||||||||||||||||||||||||||||||
Total non-earning assets | 103,429 | 105,767 | 105,484 | |||||||||||||||||||||||||||||||||
Total assets | $ | 1,850,355 | $ | 1,867,223 | $ | 1,932,959 | ||||||||||||||||||||||||||||||
Liabilities and Shareholders' Equity: | ||||||||||||||||||||||||||||||||||||
Interest-bearing deposits: | ||||||||||||||||||||||||||||||||||||
NOW accounts | $ | 313,794 | $ | 1,684 | 2.15 | % | $ | 312,314 | $ | 1,667 | 2.16 | % | $ | 303,498 | $ | 1,632 | 2.16 | % | ||||||||||||||||||
Money market accounts | 291,872 | 1,578 | 2.17 | % | 286,953 | 1,515 | 2.14 | % | 273,415 | 1,521 | 2.23 | % | ||||||||||||||||||||||||
Savings accounts | 122,424 | 32 | 0.10 | % | 122,622 | 33 | 0.11 | % | 130,166 | 36 | 0.11 | % | ||||||||||||||||||||||||
Time deposits: | ||||||||||||||||||||||||||||||||||||
169,195 | 1,589 | 3.77 | % | 172,241 | 1,646 | 3.88 | % | 174,030 | 1,911 | 4.41 | % | |||||||||||||||||||||||||
Less than | 247,613 | 2,167 | 3.51 | % | 264,713 | 2,364 | 3.62 | % | 310,108 | 3,163 | 4.09 | % | ||||||||||||||||||||||||
Total interest-bearing deposits | $ | 1,144,898 | $ | 7,050 | 2.47 | % | $ | 1,158,843 | $ | 7,225 | 2.53 | % | $ | 1,191,217 | $ | 8,263 | 2.78 | % | ||||||||||||||||||
Federal funds purchased | — | — | N/M | 7 | — | N/M | 2 | — | N/M | |||||||||||||||||||||||||||
Federal Home Loan Bank advances | — | — | — | % | 28,444 | 344 | 4.90 | % | 40,824 | 499 | 4.90 | % | ||||||||||||||||||||||||
Subordinated debt, net | 29,602 | 355 | 4.81 | % | 29,585 | 354 | 4.85 | % | 29,535 | 355 | 4.82 | % | ||||||||||||||||||||||||
Total interest-bearing liabilities | $ | 1,174,500 | $ | 7,405 | 2.53 | % | $ | 1,216,879 | $ | 7,923 | 2.64 | % | $ | 1,261,578 | $ | 9,117 | 2.90 | % | ||||||||||||||||||
Noninterest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||
Demand deposits | 460,963 | 437,244 | 473,911 | |||||||||||||||||||||||||||||||||
Other Liabilities | 21,852 | 23,092 | 20,286 | |||||||||||||||||||||||||||||||||
Total liabilities | $ | 1,657,315 | $ | 1,677,215 | $ | 1,755,775 | ||||||||||||||||||||||||||||||
Shareholders' equity | 193,040 | 190,008 | 177,184 | |||||||||||||||||||||||||||||||||
Total liabilities and shareholders' equity | $ | 1,850,355 | $ | 1,867,223 | $ | 1,932,959 | ||||||||||||||||||||||||||||||
Net interest income (1) | $ | 16,988 | $ | 15,923 | $ | 15,724 | ||||||||||||||||||||||||||||||
Net interest spread | 3.01 | % | 2.80 | % | 2.51 | % | ||||||||||||||||||||||||||||||
Interest expense as a percent of average earning assets | 1.68 | % | 1.81 | % | 1.98 | % | ||||||||||||||||||||||||||||||
Net interest margin (1) | 3.86 | % | 3.63 | % | 3.42 | % | ||||||||||||||||||||||||||||||
N/M - Not meaningful |
(1) Non-GAAP financial measure - Income and yields are reported on tax-equivalent basis using a federal tax rate of |
EAGLE FINANCIAL SERVICES, INC. Reconciliation of Tax-Equivalent Net Interest Income (unaudited) | ||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||
(Dollars in thousands) | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | |||||||||||||||
GAAP Financial Measurements: | ||||||||||||||||||||
Interest Income - Loans | $ | 21,744 | $ | 20,713 | $ | 21,268 | $ | 20,722 | $ | 20,409 | ||||||||||
Interest Income - Securities and Other Interest-Earnings Assets | 2,631 | 3,113 | 3,487 | 5,211 | 4,406 | |||||||||||||||
Interest Expense - Deposits | 7,050 | 7,225 | 7,526 | 7,886 | 8,263 | |||||||||||||||
Interest Expense - Other Borrowings | 355 | 698 | 848 | 848 | 854 | |||||||||||||||
Total Net Interest Income (GAAP) | $ | 16,970 | $ | 15,903 | $ | 16,381 | $ | 17,199 | $ | 15,698 | ||||||||||
Non-GAAP Financial Measurements: | ||||||||||||||||||||
Add: Tax Benefit on Tax-Exempt Interest Income - Loans | $ | 18 | $ | 20 | $ | 26 | $ | 25 | $ | 26 | ||||||||||
Total Tax Benefit on Tax-Exempt Interest Income | $ | 18 | $ | 20 | $ | 26 | $ | 25 | $ | 26 | ||||||||||
Tax-Equivalent Net Interest Income (non-GAAP) | $ | 16,988 | $ | 15,923 | $ | 16,407 | $ | 17,224 | $ | 15,724 | ||||||||||
EAGLE FINANCIAL SERVICES, INC. Reconciliation of Efficiency Ratio (unaudited) | ||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||
(Dollars in thousands) | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | |||||||||||||||
Summary of Operating Results: | ||||||||||||||||||||
Noninterest expenses (GAAP) | $ | 15,531 | $ | 14,212 | $ | 15,539 | $ | 14,344 | $ | 13,399 | ||||||||||
Less: Loss on other real estate owned | — | — | 51 | — | — | |||||||||||||||
Less: Loss on sale of repossessed assets | — | 39 | 169 | — | — | |||||||||||||||
Adjusted noninterest expenses (non-GAAP) | $ | 15,531 | $ | 14,173 | $ | 15,319 | $ | 14,344 | $ | 13,399 | ||||||||||
Net interest income | 16,970 | 15,903 | 16,381 | 17,199 | 15,698 | |||||||||||||||
Noninterest income (GAAP) | 8,590 | 4,928 | 5,355 | 5,165 | 4,917 | |||||||||||||||
Add: Loss on the sale and disposal of premises and equipment | (4) | — | (1) | (2) | — | |||||||||||||||
Less: Gain on the sale of other assets | 3,486 | — | — | — | — | |||||||||||||||
Adjusted noninterest income (non-GAAP) | $ | 5,108 | $ | 4,928 | $ | 5,356 | $ | 5,167 | $ | 4,917 | ||||||||||
Tax equivalent adjustment (1) | 18 | 20 | 26 | 25 | 26 | |||||||||||||||
Total net interest income and noninterest income, adjusted (non-GAAP) | $ | 22,096 | $ | 20,851 | $ | 21,763 | $ | 22,391 | $ | 20,641 | ||||||||||
Efficiency ratio | 70.29 | % | 67.97 | % | 70.39 | % | 64.06 | % | 64.91 | % | ||||||||||
(1) Non-GAAP financial measure -Includes tax-equivalent adjustments on loans and securities using the federal statutory tax rate of |
EAGLE FINANCIAL SERVICES, INC. Reconciliation of GAAP to Non-GAAP Performance Highlights (unaudited) | ||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||
(dollars in thousands except for per share data) | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 | |||||||||||||||
GAAP Financial Measurements: | ||||||||||||||||||||
GAAP Net income | $ | 4,981 | $ | 3,740 | $ | 4,334 | $ | 5,584 | $ | 5,270 | ||||||||||
Adjustments to net income: | ||||||||||||||||||||
(Gain) on sale of other assets | (3,486) | — | — | — | — | |||||||||||||||
Tax effect of adjustments to net income | 732 | — | — | — | — | |||||||||||||||
Non-GAAP Adjusted Net income | $ | 2,227 | $ | 3,740 | $ | 4,334 | $ | 5,584 | $ | 5,270 | ||||||||||
GAAP Noninterest income | $ | 8,590 | $ | 4,928 | $ | 5,355 | $ | 5,165 | $ | 4,917 | ||||||||||
Adjustments to noninterest income: | ||||||||||||||||||||
(Gain) on sale of other assets | (3,486) | — | — | — | — | |||||||||||||||
Non-GAAP Adjusted Noninterest income | $ | 5,104 | $ | 4,928 | $ | 5,355 | $ | 5,165 | $ | 4,917 | ||||||||||
Earnings per share, basic and diluted, GAAP | $ | 0.92 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
Effect of adjustments to net income | (0.51) | — | — | — | — | |||||||||||||||
Non-GAAP Adjusted Earnings per share, basic and diluted | $ | 0.41 | $ | 0.69 | $ | 0.81 | $ | 1.04 | $ | 0.98 | ||||||||||
Annualized return on average equity, GAAP | 10.35 | % | 7.98 | % | 9.18 | % | 12.20 | % | 11.93 | % | ||||||||||
Effect of adjustments to net income | (5.72) | % | — | % | — | % | — | % | — | % | ||||||||||
Non-GAAP Adjusted Annualized return on average equity | 4.63 | % | 7.98 | % | 9.18 | % | 12.20 | % | 11.93 | % | ||||||||||
Annualized return on average assets, GAAP | 1.08 | % | 0.81 | % | 0.91 | % | 1.10 | % | 1.09 | % | ||||||||||
Effect of adjustments to net income | (0.60) | % | — | % | — | % | — | % | — | % | ||||||||||
Non-GAAP Adjusted Annualized return on average assets | 0.48 | % | 0.81 | % | 0.91 | % | 1.10 | % | 1.09 | % | ||||||||||
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SOURCE Eagle Financial Services, Inc.