Eagle Finl Svcs Inc Stock Price, News & Analysis

Eagle Financial Services, Inc. (OTCQX: EFSI) announced a quarterly cash dividend of $0.30 per common share on January 25, 2023. This dividend will be payable on February 17, 2023, to shareholders who are on record by February 6, 2023. The Bank of Clarke, the primary subsidiary, provides a variety of banking services across several counties in Virginia and Maryland, with a strong presence through its branches and loan production offices. This dividend declaration highlights the company's commitment to returning value to its shareholders and indicates financial stability within the current economic landscape.

Eagle Financial Services, Inc. (OTCQX: EFSI) reported record earnings for Q3 2022, with net income reaching $4.1 million, a 42.1% increase year-over-year. Basic and diluted earnings per share (EPS) stood at $1.17, the highest in the company's history. Total assets grew to $1.47 billion, up 5.03% from the previous quarter, driven by significant loan growth of $80.1 million. The Board declared a quarterly dividend of $0.30 per share, payable on November 21, 2022. However, noninterest income decreased by 17.8% to $3.2 million, affected by a loss on securities.

Eagle Financial Services, Inc. (EFSI) reported strong second quarter 2022 results with a net income of $4.0 million, a 22.8% increase from Q1 and a 32.9% increase YoY. The company announced a quarterly dividend of $0.29 per share, payable on August 19, 2022. Net interest income rose 7% to $11.9 million thanks to robust loan growth, with total loans increasing by $98.8 million. Noninterest income also saw an 18.7% rise to $3.8 million. However, total assets reached $1.40 billion, and the book value per share is at $28.58, reflecting ongoing growth and commitment to shareholders.

Eagle Financial Services, Inc. (EFSI) reported first quarter 2022 net income of $3.3 million, a 42.4% increase from Q4 2021. Basic and diluted earnings per share were $0.94. Loan portfolio surpassed $1 billion with a net growth of $35.2 million, despite a $7.5 million reduction from PPP loans. Total deposits grew by $54.1 million to $1.23 billion. The company achieved annualized earnings per share of $3.80.

Shareholders' equity decreased to $102.1 million due to unrealized losses. The company declared a cash dividend of $0.28 per share payable on May 18, 2022.

Eagle Financial Services, Inc. (EFSI) has completed a private placement offering of $30 million in 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032. The proceeds will primarily contribute to the Bank of Clarke County's growth and will qualify as Tier 2 capital. The Notes bear a fixed interest rate of 4.50% until April 2027, after which the rate will adjust quarterly based on the SOFR plus 235 basis points. The offering was arranged for accredited institutional investors and is not registered under federal securities laws.

Eagle Financial Services (OTCQX: EFSI) reported fourth quarter 2021 net income of $2.3 million, down 20.7% sequentially and 8.9% year-over-year, amid rising legal expenses. Deposit growth stood at $46.6 million, totaling $1.18 billion. Basic and diluted earnings per share were $0.66. Total loans grew by $62.6 million, with net interest income reaching $11.1 million, driven by a rising loan portfolio. Despite challenges, the bank's noninterest income increased by 16.7% to $3.4 million. The total consolidated assets rose to $1.30 billion, reflecting a 4.0% increase from the previous quarter.

Eagle Financial Services (OTCQX: EFSI) declared a cash dividend of $0.28 per common share on January 26, 2022. This dividend is payable on February 18, 2022, to shareholders of record by February 7, 2022. The company operates the Bank of Clarke County with 12 bank branches, providing various commercial and retail banking services across Clarke and Frederick Counties, as well as the City of Winchester and nearby towns in Virginia.

Eagle Financial Services, Inc. (EFSI) reported third-quarter 2021 net income of $2.9 million, a 4.3% decline from Q2 2021 and 15.6% from Q3 2020. Notable highlights include a deposit increase of $31.3 million and earnings per share of $0.83. The company experienced record loan growth of $45.8 million, alongside a 11% annualized growth in core deposits. Net interest income rose to $10.4 million due to portfolio growth, while noninterest expenses increased by 9.1%. A cash dividend of $0.28 per share was declared, payable on November 19, 2021.

Eagle Financial Services, Inc. (EFSI) reported a second quarter 2021 net income of $3.0 million, a 4.9% increase from the previous quarter. Basic earnings per share stood at $0.87. Total deposits grew by $31.4 million to $1.10 billion. Loan production reached a record $122.0 million. The company declared a quarterly dividend of $0.28, payable on August 20, 2021. Nonperforming assets increased slightly by 0.03% to 0.44% of total assets. Shareholders' equity rose to $107.6 million, with book value at $31.59 per share.