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Evans Bancorp Inc - EVBN STOCK NEWS

Welcome to our dedicated news page for Evans Bancorp (Ticker: EVBN), a resource for investors and traders seeking the latest updates and insights on Evans Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Evans Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Evans Bancorp's position in the market.

News
Evans Bancorp Announces First Quarter 2024 Conference Call and Webcast
Rhea-AI Summary
Evans Bancorp, Inc. (EVBN) announced its first-quarter 2024 conference call and webcast to review financial results and corporate strategy. The call will take place on April 30, 2024, at 4:45 p.m. ET, with a question-and-answer session to follow. Investors can access the call via phone or internet, with a replay available until May 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
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News
Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend
Rhea-AI Summary
Evans Bancorp, Inc. declares a cash dividend of $0.66 per share on its outstanding common stock, payable on April 9, 2024, to shareholders of record as of March 12, 2024. The Company has approximately 5.5 million shares outstanding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
dividends
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News
Evans Bancorp Reports Net Income of $24.5 Million in 2023
Rhea-AI Summary
Evans Bancorp, Inc. reported a pretax gain of $20.2 million in the fourth quarter of 2023, with a net income of $10.2 million. The company repositioned its balance sheet, resulting in a 25% increase in tangible book value per share. Total loan balances increased by 1% in the quarter and 3% year-over-year. However, the net interest margin declined 4 basis points sequentially. The Company's GAAP efficiency ratio was 50.2% in the fourth quarter of 2023. The Company's provision for credit loss was less than $0.1 million, reflecting improving economic conditions, and the ratio of non-performing loans to total loans was 1.59% compared with 1.48% in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
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none
News
Evans Bancorp Announces Fourth Quarter and Full Year 2023 Conference Call and Webcast
Rhea-AI Summary
Evans Bancorp, Inc. will release its fourth quarter and full year 2023 results on February 1, 2024, followed by a conference call and webcast to discuss the financial and operating results, corporate strategy, and outlook. The telephonic replay will be available until February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
none
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News
Arthur J. Gallagher & Co. Completes Acquisition of The Evans Agency, LLC
Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE:AJG) has completed the acquisition of The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc. The global insurance brokerage, risk management, and consulting services firm operates in approximately 130 countries worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
acquisition
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News
Evans Bancorp, Inc. Announces Agreement to Sell the Insurance Operations of The Evans Agency, LLC to Arthur J. Gallagher & Co.
Rhea-AI Summary
Evans Bancorp, Inc. (EVBN) announced the sale of The Evans Agency, LLC (TEA) to Arthur J. Gallagher & Co. (AJG) for $40 million. The sale is expected to be completed in Q4 2023, with a net gain on sale of approximately $15.1 million. The transaction is financially compelling, with significant improvements in capital and tangible book value. The sale provides potential net income and earnings per share enhancements as generated capital is deployed through strategic and franchise growth initiatives over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
News
Arthur J. Gallagher & Co. Signs Agreement to Acquire The Evans Agency, LLC
Rhea-AI Summary
Arthur J. Gallagher & Co. (NYSE:AJG) has signed a definitive agreement to acquire The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc. The acquisition is expected to close in Q4 2023. The Evans Agency is a commercial property/casualty insurance broker with expertise in public entity and scholastic services, operating in Western New York. The agency also offers personal lines and employee benefits services. This acquisition is expected to enhance Gallagher's capabilities in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
acquisition
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News
Evans Bancorp Reports Net Income of $3.6 Million in Third Quarter 2023
Rhea-AI Summary
Evans Bancorp reports Q3 2023 results, with total loan balances up 2% and net income of $3.6 million. Net interest margin declined 31 basis points sequentially. Return on average equity was 9.06% in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.02%
Tags
earnings
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News
Evans Bancorp Announces Third Quarter 2023 Conference Call and Webcast
Rhea-AI Summary
Evans Bancorp, Inc. to release Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
earnings
News
Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend
Rhea-AI Summary
Evans Bancorp, Inc. declares cash dividend of $0.66 per share on outstanding common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
dividends
Stock EVBN logo
Evans Bancorp Inc

NYSE:EVBN

EVBN Rankings

#3998 Ranked by Market Cap
#3825 Ranked by Stock Gains
#641 Ranked by Dividends

EVBN Stock Data

148.95M
4.12M
4.94%
64.83%
1%
Commercial Banking
Finance and Insurance
Link
United States
Williamsville

About EVBN

evans is a full-service financial institution that provides comprehensive community banking services to consumer, business, and municipal customers throughout western new york. with fourteen neighborhood banking offices and nearly 100 years of local management, our values are rooted in the community and relationships you can trust. through our wholly-owned subsidiary, the evans agency, llc provides property and casualty insurance for you and your business through seven insurance offices. our affiliate, evans investment services, inc. provides non-deposit investment and wealth management services. evans is here to help you find a better way for your personal or business banking, insurance, and wealth management needs. contact us or visit any of our locations for more information on our products and services.