Welcome to our dedicated page for Evans Bancorp news (Ticker: EVBN), a resource for investors and traders seeking the latest updates and insights on Evans Bancorp stock.
Evans Bancorp, Inc. (EVBN) is a community financial services company and financial holding company for Evans Bank, N.A., a commercial bank serving Western New York since 1920. The company’s news flow, as reflected in its Business Wire releases, centers on quarterly and annual financial results, dividend declarations, strategic transactions, and updates on its planned merger with NBT Bancorp Inc.
Investors following EVBN news see regular earnings reports that detail net income, net interest income, net interest margin, loan and deposit growth, asset quality metrics, and non-interest income and expense trends. Management commentary often addresses balance sheet repositioning, liquidity, capital ratios, and the performance of key loan categories such as commercial real estate and commercial and industrial loans.
Evans Bancorp also issues dividend announcements describing semi-annual cash dividends on its common stock, including record dates, payment dates, and share counts. Other notable news items have included the completed sale of The Evans Agency to Arthur J. Gallagher & Co. and the resulting gain, as well as the decision to sell investment securities to reduce short-term borrowings.
More recently, a significant portion of EVBN news has focused on the definitive agreement for Evans to merge with NBT Bancorp Inc., shareholder approval of the transaction, regulatory approvals, and expectations for closing in conjunction with a system conversion. Readers of this page can review these updates in sequence to understand how Evans Bancorp’s financial performance, capital actions, and strategic direction are evolving over time.
Evans Bancorp, Inc. (NYSE American: EVBN) will release its second quarter 2022 financial results after market close on July 27, 2022. The Company, serving Western New York since 1920, will host a conference call at 4:45 p.m. ET to discuss results, corporate strategy, and outlook. The call will be followed by a Q&A session. Evans Bancorp holds approximately $2.2 billion in assets and $2.0 billion in deposits as of March 31, 2022. The webcast replay will be available on their website.
Evans Bancorp, Inc. (NYSE American: EVBN) reported a net income of $4.7 million or $0.86 per diluted share for Q1 2022, down from $5.9 million in Q4 2021. Net interest income decreased to $16.5 million due to lower PPP fees as the program winds down. Total loans rose by 6%, and deposits reached $1.99 billion, marking a 6% increase. The company’s return on equity fell to 10.46%. Despite challenges, management emphasizes solid revenue performance and prospects for loan growth in a rising rate environment.
Evans Bancorp, Inc. (NYSE American: EVBN) will announce its first quarter 2022 financial results on April 27, 2022, after market close. A conference call will take place at 4:45 p.m. ET to discuss the results and corporate strategy, including a Q&A session. The company, a community financial service provider in Western New York, reported $2.2 billion in assets and $1.9 billion in deposits as of December 31, 2021. Information on the call and archival access will be available on their website.
Evans Bancorp (NYSE American: EVBN) has declared a semi-annual cash dividend of $0.62 per share, marking a $0.02 increase from the previous dividend announced in October 2021. The dividend is payable on April 5, 2022 to shareholders of record as of March 11, 2022. With approximately 5.5 million shares outstanding, this increase represents the twelfth dividend rise in the last ten years. The company reported $2.2 billion in assets and $1.9 billion in deposits as of December 31, 2021.
Evans Bancorp (EVBN) reported strong financial results for Q4 and full year 2021, achieving a net income of $5.9 million ($1.06 per diluted share) in Q4 and a record $24 million ($4.37 per diluted share) for the year. Net interest income surged 20% to $19.7 million in Q4 and 22% to $72.8 million for the full year, driven by increased PPP fees and the acquisition of Fairport Savings Bank. Total deposits rose to $1.94 billion, up 3% for Q4 and 9% year-over-year. The net interest margin improved to 3.74% in Q4, reflecting effective management of deposit rates.
Evans Bancorp, Inc. (EVBN) will release its fourth quarter and full year 2021 financial results after the market closes on February 3, 2022. A conference call to discuss the results and the company’s strategy will follow at 4:45 p.m. ET. Evans Bancorp, a community bank in Western New York, has $2.2 billion in assets and $1.9 billion in deposits as of September 30, 2021. Investors can access a replay of the call on their website.
Evans Bancorp, Inc. (NYSE American: EVBN) reported a strong third quarter for 2021, with net income increasing 54% to a record $7.0 million, or $1.27 per diluted share. Net interest income rose 16% to $18.2 million, driven by higher loan fees and a release of $1.5 million in loan loss allowances. Total deposits reached $1.88 billion, up 5%. However, salary expenses increased by $1.9 million due to strategic hires. The bank continues to manage its hotel portfolio proactively, upgrading $20 million of criticized loans.
Evans Bancorp, Inc. (AMEX: EVBN) will release its third-quarter 2021 results after market close on October 28, 2021. The company will hold a conference call at 4:45 p.m. ET to discuss the financial results and corporate strategy, followed by a Q&A session. Investors can access the call via phone or an internet webcast. The company, with $2.2 billion in assets and $1.9 billion in deposits as of June 30, 2021, offers comprehensive financial services in Western New York.
Evans Bancorp, Inc. (NYSE American: EVBN) has declared a cash dividend of $0.60 per share on its outstanding common stock, payable on October 5, 2021 to shareholders of record by September 14, 2021. With around 5.5 million shares outstanding, the move reflects the company's ongoing commitment to returning value to shareholders. Evans Bancorp operates as a financial holding company with $2.2 billion in assets and $1.9 billion in deposits as of June 30, 2021, serving Western New York through its various financial services.
Evans Bancorp, Inc. reported strong second-quarter 2021 results, reflecting a significant rebound from COVID-19 impacts. Net interest income surged 23% to $18.4 million, while net income reached $6.3 million, or $1.15 per diluted share. The loan portfolio rose 4%, excluding PPP loans, and total deposits increased to $1.88 billion. A release of $0.8 million from the loan loss allowance highlighted improved credit quality. Return on average equity improved to 14.72%. The company's financial health is bolstered by a solid capital ratio and book value of $32.28 per share.