Welcome to our dedicated page for Eagle Finl Svcs news (Ticker: EFSI), a resource for investors and traders seeking the latest updates and insights on Eagle Finl Svcs stock.
Eagle Financial Services Inc (EFSI) delivers community-focused banking solutions through retail/commercial services, marine lending, and wealth management across Virginia. This dedicated news hub provides stakeholders with verified updates about EFSI's financial developments and market activities.
Access timely press releases covering earnings reports, regulatory filings, leadership changes, and strategic initiatives. Track updates across core operations including Community Banking expansions, Marine Lending portfolio developments, and Wealth Management service enhancements.
Our curated news collection serves investors analyzing financial performance, businesses monitoring commercial lending rates, and residents tracking local branch developments. All content undergoes strict verification to ensure compliance with financial reporting standards.
Bookmark this page for direct access to EFSI's official communications, including merger/acquisition announcements, dividend declarations, and technology initiatives like mobile banking upgrades. Stay informed about how Virginia's trusted financial institution navigates evolving market conditions.
Eagle Financial Services (OTCQX: EFSI) announced its Q2 2024 financial results on July 26, 2024. Key highlights include a $824K increase in noninterest income, a 25% rise in net income to $3.2M, and a 17 cent boost in EPS to $0.89. Return on average total equity grew from 9.43% to 11.89%, and nonperforming assets decreased from $5.0M to $3.3M. However, net interest income dipped by 2.1% to $12.2M, and interest expense rose slightly to $9.6M, impacted by deposit rate specials. The company also announced a quarterly dividend of $0.30 per common share, payable on August 16, 2024, to shareholders of record as of August 5, 2024. Total consolidated assets stood at $1.79B, up by $7.5M from Q1 2024. Meanwhile, total deposits grew to $1.49B, and shareholders' equity increased to $111.1M. Operations saw a decrease in cash and cash equivalents by $4.0M and net unrealized losses on securities improved by $1.3M. The book value per common share was $31.24.
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