Eagle Financial Services (NASDAQ: EFSI) Q2 profit, loan growth and dividend

Rhea-AI Filing Summary

Eagle Financial Services, Inc. reported second quarter 2026 net income of $4,981 thousand, or $0.92 per share. Results included a $3.5 million pre-tax gain from selling its membership interest in Bearing Insurance Group; excluding this, adjusted net income was $2,227 thousand, down 40.5% from the prior quarter and 57.7% from a year earlier due to higher credit loss provisions.

Net interest income rose to $16,970 thousand as net interest margin expanded to 3.86% from 3.63% in the first quarter and 3.42% a year ago, helped by loan growth and lower funding costs after paying off Federal Home Loan Bank advances and running off higher-cost deposits. Net loans increased $39.5 million, or 2.74%, during the quarter to $1,481,045 thousand, while total deposits were broadly stable at $1,601,935 thousand.

Credit costs increased: the provision for credit losses on loans was $3.2 million, net charge-offs were $2,227 thousand, and nonperforming assets were $16,468 thousand, or 0.89% of total assets, with the allowance for credit losses at 1.22% of loans. Uninsured deposits were $217.3 million, 13.6% of deposits, versus $345.3 million of liquid assets and $618.6 million of borrowing availability. The board declared a quarterly cash dividend of $0.31 per share, and Bank of Clarke remained categorized as well capitalized.

Positive

• Net interest margin expanded to 3.86% in Q2 2026, up from 3.63% in Q1 and 3.42% a year earlier, as Federal Home Loan Bank advances were paid off and higher-cost deposits ran off.
• Total net loans grew $39.5 million, or 2.74%, quarter over quarter to $1.48 billion, while deposits held near $1.60 billion, supporting balance sheet growth.
• Uninsured deposits were $217.3 million, just 13.6% of total deposits, with liquid assets plus borrowing availability exceeding these balances by $746.6 million, providing substantial coverage.

Negative

• Adjusted net income fell to $2,227 thousand in Q2 2026, decreasing 40.5% from Q1 2026 and 57.7% from Q2 2025, mainly because of higher provision for credit losses.
• Provision for credit losses on loans rose to $3.2 million in Q2 2026, versus $2.0 million in Q1 2026 and $856 thousand a year earlier, reflecting higher historical loss factors and specific reserves.
• Net charge-offs increased to $2,227 thousand, compared with net recoveries of $34 thousand in Q1 2026 and $159 thousand of net charge-offs a year earlier, driven largely by a $1.6 million partial write-down on a single multifamily relationship.
• Noninterest expense climbed to $15,531 thousand, up 9.3% sequentially and 15.9% year over year, led by higher salaries, benefits and other operating expenses, pushing the efficiency ratio to 70.29%.

Filing Explained

The quarterly dividend is payable August 14 to shareholders of record August 3; the earnings materials are furnished under Regulation FD items.

Eagle Financial Services’s July 23 Form 8-K furnishes its second-quarter results under Item 2.02 and an investor presentation under Item 7.01; these disclosures are furnished rather than treated as filed for Exchange Act Section 18 liability purposes.

The release also declares a $0.31 quarterly common-stock dividend, payable on August 14, 2026 to shareholders of record on August 3, 2026, establishing the stated record-date condition for receiving that payment.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income Q2 2026: $4,981 thousand Adjusted net income Q2 2026: $2,227 thousand Earnings per share Q2 2026: $0.92 per share +5 more

8 metrics

Net income Q2 2026 $4,981 thousand For the quarter ended June 30, 2026

Adjusted net income Q2 2026 $2,227 thousand Excludes tax-effected $3.486 million gain on sale of other assets

Earnings per share Q2 2026 $0.92 per share Basic and diluted EPS for the quarter ended June 30, 2026

Net interest margin 3.86 % Net interest margin for the quarter ended June 30, 2026

Net loans $1,481,045 thousand Net loans outstanding at June 30, 2026

Total deposits $1,601,935 thousand Total deposits at June 30, 2026

Non-performing assets to total assets 0.89 % Ratio at June 30, 2026

Provision for credit losses on loans $3.2 million Provision for credit losses on loans for Q2 2026

Key Terms

net interest margin, nonperforming assets, allowance for credit losses, efficiency ratio, +2 more

6 terms

net interest margin financial

"The net interest margin was 3.86% for the quarter ended June 30, 2026."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

nonperforming assets financial

"Total nonperforming assets were $16,468 thousand as of June 30, 2026."

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

allowance for credit losses financial

"The allowance for credit losses as a percentage of total loans was 1.22% at June 30, 2026."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

efficiency ratio financial

"The efficiency ratio was 70.29% for the three months ended June 30, 2026."

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

core deposits financial

"Core deposit change for the quarter and twelve months ended June 30, 2026 was an increase of $102 thousand and a decrease of $13.7 million."

Core deposits are the stable, everyday customer balances a bank keeps—like checking and savings accounts and regular business deposits—that are unlikely to be withdrawn suddenly. Think of them as a household’s paycheck direct-deposits: predictable, low-cost funding the bank can rely on. For investors, a larger share of core deposits means steadier cash available, lower borrowing needs and interest expenses, and therefore more predictable earnings and lower risk.

tangible book value financial

"Tangible book value per share was 35.83 at June 30, 2026."

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

Earnings Snapshot

Net income: $4,981 thousand

quarter ended June 30, 2026

Net income $4,981 thousand Increased from $3,740 thousand in Q1 2026 and compared with $5,270 thousand in Q2 2025.

Adjusted net income $2,227 thousand Decreased 40.5% from Q1 2026 and 57.7% from Q2 2025.

Diluted EPS $0.92 Up from $0.69 in Q1 2026 and slightly below $0.98 in Q2 2025.

Net interest margin 3.86 % Rose from 3.63% in Q1 2026 and 3.42% in Q2 2025.

Provision for credit losses on loans $3.2 million Higher than $2.0 million in Q1 2026 and $856 thousand in Q2 2025.

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Available on EDGAR 07/23/2026 - 04:02 PM Accepted by SEC EDGAR 07/23/2026 - 04:01 PM Learn about SEC filing dates

FAQ

What were Eagle Financial Services (EFSI) earnings and EPS for Q2 2026?

Eagle Financial Services reported Q2 2026 net income of $4,981 thousand, or $0.92 per basic and diluted share. This compares with $3,740 thousand and $0.69 per share in Q1 2026 and $5,270 thousand and $0.98 per share in Q2 2025.

How did EFSI’s adjusted earnings perform in Q2 2026?

Adjusted net income for EFSI was $2,227 thousand in Q2 2026, excluding the tax-effected $3.486 million gain on sale of other assets. Adjusted earnings decreased 40.5% from Q1 2026 and 57.7% from Q2 2025, primarily due to a higher provision for credit losses.

What drove Eagle Financial Services (EFSI) net interest margin in Q2 2026?

EFSI’s net interest margin rose to 3.86% in Q2 2026 from 3.63% in Q1 2026 and 3.42% a year earlier. The improvement was mainly attributed to paying off Federal Home Loan Bank advances and the runoff of higher-interest-bearing non-core deposits, alongside loan growth.

What is the asset quality and credit loss picture for EFSI in Q2 2026?

As of June 30, 2026, EFSI’s nonperforming assets were $16,468 thousand, or 0.89% of total assets, and the allowance for credit losses was 1.22% of total loans. The provision for credit losses on loans rose to $3.2 million, with net charge-offs of $2,227 thousand.

How strong is Eagle Financial Services (EFSI) liquidity and uninsured deposit coverage?

Uninsured deposits at EFSI were approximately $217.3 million, or 13.6% of total deposits, at June 30, 2026. Liquid assets of $345.3 million and borrowing availability of $618.6 million together exceeded uninsured deposits by $746.6 million, excluding certain secured and intercompany balances.

What dividend did Eagle Financial Services (EFSI) declare for Q2 2026?

The board declared a quarterly common stock cash dividend of $0.31 per share, payable on August 14, 2026, to shareholders of record on August 3, 2026. This maintains the recent dividend level while earnings and capital continue to support distributions.

What are EFSI’s key balance sheet trends as of June 30, 2026?

Total assets were $1.85 billion, slightly above $1.84 billion at March 31, 2026 but below $2.04 billion a year earlier. Net loans rose to $1.48 billion, total deposits were $1.60 billion, and total outstanding borrowings fell to $29.6 million from $69.7 million year over year.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 23, 2026

EAGLE FINANCIAL SERVICES, INC.

(Exact name of Registrant as Specified in Its Charter)

Virginia			001-42512	54-1601306
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2 East Main Street
Berryville, Virginia				22611
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (540) 955-2510

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $2.50 par value per share		EFSI		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 23, 2026, the Registrant issued a press release announcing the results for the quarter ended June 30, 2026.

A copy of the Company’s press release with respect to the results for the quarter ended June 30, 2026 is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.02. The Registrant also announced in the press release that it will host a conference call for investors and analysts on Friday, April 24, 2026 at 10 a.m. (Eastern Time) to discuss second quarter results.

Item 7.01 Regulation FD Disclosure

Attached as Exhibit 99.2 to this report is the earnings presentation which also may be used in connection with potential meetings with investors and/or analysts.

The information provided pursuant to these Items 2.02 and 7.01 is to be considered “furnished” pursuant to Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, nor shall it be deemed incorporated by reference into any of the Company’s reports or filings under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such report or filing. The filing of this Current Report shall not be deemed an admission as to the materiality of any information in the Current Report that is required to be disclosed solely by reason of Regulation FD.

A cautionary note about forward-looking statements: This Current Report may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can include statements about estimated cost savings, plans and objectives for future operations and expectations about the Company’s financial and business performance as well as economic and market conditions. They often can be identified by the use of words like “expect,” “may,” “could,” “intend,” “project,” “estimate,” “believe” or “anticipate.” By their nature, forward-looking statements are based on assumptions and are subject to risks, uncertainties, and other factors. You are cautioned that actual results may differ materially from those contained in the forward-looking statement.

Any forward-looking statements are intended to speak only as of the date of this Current Report, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the forward-looking statement is made or to reflect the occurrence of unanticipated events.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
99.1 99.2 104		Press release, dated July 23, 2026 Eagle Financial Services, Inc. Investor Presentation Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 23, 2026

Eagle Financial Services, Inc.
By:		/s/ KATHLEEN J. CHAPPELL
		Kathleen J. Chappell
		Executive Vice President and CFO

Exhibit 99.1

EAGLE FINANCIAL SERVICES, INC. ANNOUNCES

2026 SECOND QUARTER FINANCIAL RESULTS AND QUARTERLY DIVIDEND

Contact:	Kathleen J. Chappell, Executive Vice President and CFO	540-955-2510
		kchappell@bankofclarke.com

BERRYVILLE, VIRGINIA (July 23, 2026) – Eagle Financial Services, Inc. (NASDAQ: EFSI) (the "Company"), the holding company for Bank of Clarke, announced its second quarter 2026 results. Also, on July 23, 2026, the Board of Directors announced a quarterly common stock cash dividend of $0.31 per common share, payable on August 14, 2026, to shareholders of record on August 3, 2026. The following table presents selected financial performance highlights for the periods indicated:

	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 21%. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company’s net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of nontaxable interest income due to tax-exempt loan balances, net interest income for the ratio is calculated on a tax equivalent basis as described above.

Additional key highlights for the second quarter of 2026 are as follows:

•Net loans increased by $39.5 million or 2.74%.

•Net interest margin increased from 3.63% for the quarter ended March 31, 2026 to 3.86% for the quarter ended June 30, 2026. Net interest spread increased from 2.80% for the quarter ended March 31, 2026 to 3.01% 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 3.86% demonstrate the benefits of the strategic balance sheet actions taken over the last two years and the disciplined execution of our team. While earnings for the quarter were impacted by a higher provision for credit losses, the underlying performance of the organization remained solid, and we continue to believe our strong capital, liquidity, and balance sheet position us well to support our customers, communities, and shareholders."

Summary

Total net income for the quarters ended June 30, 2026 and March 31, 2026 was $5.0 million and $3.7 million, respectively. Net income was $5.3 million for the quarter ended June 30, 2025. During the second quarter of 2026, the Company sold its membership interest in Bearing Insurance Group, LLC (Bearing) to an unaffiliated third party. A pre-tax gain on the sale in the amount of $3.5 million was recognized in the gain on sale of other assets in the consolidated statements of operations during the second quarter of 2026. Excluding the tax effected impact of the gain, adjusted net income for the quarter ended June 30, 2026, was $2.2 million. This is a non-GAAP financial measure. Please refer to the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for additional information.

For the quarter ending June 30, 2026, adjusted net income decreased $1.5 million or 40.5% from the quarter ended March 31, 2026 and decreased $3.0 million or 57.7% from the quarter ended June 30, 2025. The declines in both periods were primarily driven by a higher provision for credit losses during the quarter ended June 30, 2026. Additional details regarding these changes are provided below.

Interest Income

Total loan interest income was $21.7 million and $20.7 million for the quarters ended June 30, 2026 and March 31, 2026, respectively. Total loan interest income was $20.4 million for the quarter ended June 30, 2025. Total loan interest income increased $1.0 million or 5.0% from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. Average loans increased by $43.9 million or 3.0% from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. Average loans increased $55.4 million or 3.8% between the quarter ended June 30, 2026 and June 30, 2025. The tax equivalent yield on average loans for the quarter ended June 30, 2026 was 5.82%, an increase of five basis points from the 5.77% average yield for the quarter ended March 31, 2026. The tax equivalent yield on average loans increased 15 basis points from the 5.67% average yield for the quarter ended June 30, 2025. Overall, the increase in loan interest income was mainly due to loan growth.

Interest and dividend income from the investment portfolio was $1.3 million for the quarters ended June 30, 2026 and March 31, 2026. Interest and dividend income from the investment portfolio was also $1.3 million for the quarter ended June 30, 2025. The tax equivalent yield on average investments for the quarter ended June 30, 2026 was 4.34%, with no change from the quarter ended March 31, 2026 and down three basis points from 4.37% for the quarter ended June 30, 2025. The slight decrease in yield compared with the quarter ended June 30, 2025 reflects normal portfolio activity, including modest securities paydowns and purchases, and was not indicative of a significant change in investment portfolio performance.

Interest Expense

Total interest expense was $7.4 million and $7.9 million for the three months ended June 30, 2026 and March 31, 2026, respectively, and $9.1 million for three months ended June 30, 2025. The decrease in interest expense between the quarter ended March 31, 2026 and the quarter ended June 30, 2026 was mainly due to lower interest expense on Federal Home Loan Bank of Atlanta ("FHLB") advances. The average balance of FHLB advances decreased $28.4 million from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. All FHLB advances were paid off in March. The decrease in interest expense between the quarter ended June 30, 2025 and the quarter ended June 30, 2026 was largely due to a $1.2 million decrease in interest expense on deposits. The average balance of interest-bearing deposits decreased by $46.3 million during the period, while the average yield paid on these deposits declined by 31 basis points. The decrease was primarily driven by a reduction in higher-cost time deposits. The decrease was also attributable to lower interest expense on FHLB advances by $499 thousand for the same comparative periods. The average balance of FHLB advances decreased $40.8 million from the quarter ended June 30, 2025 to the same period in 2026.

Net Interest Income

Net interest income for the quarter ended June 30, 2026 was $16.9 million reflecting an increase of $1.1 million or 6.7% from the quarter ended March 31, 2026 and an increase of $1.3 million or 8.1% from the quarter ended June 30, 2025. Net interest income was $15.9 million and $15.7 million, respectively, for the quarters ended March 31, 2026 and June 30, 2025.

The net interest margin was 3.86% for the quarter ended June 30, 2026. For the quarters ended March 31, 2026 and June 30, 2025, the net interest margin was 3.63% and 3.42%, respectively. The increase in the net interest margin from March 31, 2026 and June 30, 2025 can primarily be attributed to two main factors. FHLB advances paid off in the first quarter of 2026 and there was no FHLB interest expense in the second quarter of 2026. In addition, the run off of higher interest bearing non core deposits during the periods had a positive impact to the net interest margin. The net interest spread increased to 3.01% for the quarter ended June 30, 2026 from 2.80% for the quarter ended March 31, 2026 and from 2.51% from the quarter ended June 30, 2025.

The Company’s net interest margin is not a measurement under accounting principles generally accepted in the United States, but it is a common measure used by the financial services industry to determine how profitable earning assets are funded. The Company’s net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent net 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 tax rate utilized is 21%. This is a non-GAAP financial measure. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for additional information.

Noninterest Income and Expense

Total noninterest income was $8.6 million and $4.9 million for the quarters ended June 30, 2026 and March 31, 2026 respectively. Total noninterest income was $4.9 million for the quarter ended June 30, 2025.

		For The Three Months Ended
(Dollars in thousands)		6/30/2026				3/31/2026				$ Change				% Change			6/30/2025			$ Change				% Change
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 $3.5 million, which was recorded in gain on sale of other assets.

Noninterest income, as adjusted to exclude the one-time effect of the gain on the sale, was $5.1 million for the quarter ended June 30, 2026. This adjusted amount is a non-GAAP financial measure. See the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for additional information.

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 $544 million at June 30, 2025 to $599 million at June 30, 2026. The second quarter of 2026 benefited from elevated transaction-based revenues related to estates and other client services. The increase was partially offset by lower sales volume of loans held for sale, primarily within the Small Business Administration ("SBA") portfolio.

Noninterest expense increased $1.3 million, or 9.3%, to $15.5 million for the quarter ended June 30, 2026 from $14.2 million for the quarter ended March 31, 2026 and increased $2.1 million or 15.9% compared to the quarter ended June 30, 2026.

		For The Three Months Ended
(Dollars in thousands)		6/30/2026				3/31/2026				$ Change				% Change			6/30/2025			$ Change				% Change
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 $1.7 million between March 31, 2026 and June 30, 2026. This increase was due to the addition of one $3.6 million multifamily loan to nonaccrual status which was partially offset by the $1.6 million partial write-down to an already existing multi-family relationship. Based on a recent valuation, the Bank has specifically allocated $525 thousand to this new nonaccrual loan. Nonperforming assets decreased slightly as of June 30, 2026 in comparison to June 30, 2025 mainly due to one large loan being paid off during the period. The collateral for this loan (multifamily real estate) was offered for sale on July 8, 2025, for $5.7 million with the Bank agreeing to a short sale of $4.8 million. This decrease was partially offset by four relationships in excess of $1 million being placed in nonaccrual status during the same period.

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 $3.1 million, $2.1 million and $1.5 million as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The increase in the specific reserve as of June 30, 2026 was due to the $525 thousand specific allocation for the recently added nonaccrual multifamily loan discussed above as well as an increase in an existing nonaccrual loan allocation as collateral was liquidated.

Net charge-offs totaled $2.2 million for the quarter ended June 30, 2026, compared to net recoveries of $34 thousand for the linked quarter and net charge-offs of $159 thousand for the second quarter of 2025. The majority of second quarter 2026 charge-offs related to a $1.6 million partial write-down of a single multifamily relationship to the fair value of the underlying collateral, net of estimated selling costs. The remaining charge-offs were attributable to five smaller relationships. The charge-offs reflect the Company's continued efforts to proactively identify and address credit deterioration while maintaining appropriate collateral-based valuations within the loan portfolio.

The allowance for credit losses as a percentage of total loans was 1.22% at June 30, 2026, compared to 1.19% at March 31, 2026 and 1.11% at June 30, 2025. The increase from the linked quarter primarily reflected changes in historical loss factors, most notably within the marine and non-owner-occupied commercial real estate portfolios, as well as higher qualitative factor adjustments in certain portfolios, including commercial and industrial and construction and farmland loans, associated with loan growth and credit quality trends. There were also increased specific reserves during this period. Compared to June 30, 2025, the increase in the allowance ratio was driven primarily by higher specific reserves resulting from updated collateral valuations. The Company's allowance level continues to reflect management's assessment of the credit risk inherent in the loan portfolio and its commitment to maintaining appropriate reserve coverage.

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 $3.2 million for the quarter ended June 30, 2026, compared to $2.0 million for the quarter ended March 31, 2026 and $856 thousand for the quarter ended June 30, 2025. The increase in provision compared to both periods was primarily driven by changes in certain historical loss factors, increases in qualitative factor adjustments, and higher specific reserves, as discussed above. Continued loan growth also contributed to the higher provision levels. The provision reflects management’s disciplined approach to reserve methodology and its commitment to maintaining a strong allowance for credit losses that appropriately reflects portfolio growth, current economic conditions, and identified credit risks.

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 $1.85 billion at June 30, 2026, an increase of $9.0 million, or 0.5%, from $1.84 billion at March 31, 2026. Compared to June 30, 2025, total consolidated assets were down from $2.04 billion. The linked-quarter increase was driven primarily by growth in the loan portfolio, reflecting continued customer demand, and was partially offset by a reduction in cash and cash equivalents as excess liquidity was deployed to support loan growth. The year-over-year decrease in total assets was primarily attributable to the runoff of non-core deposits, which resulted in a corresponding decline in cash and cash equivalents. Despite the reduction in total assets from the prior-year period, the Company continued to maintain a strong balance sheet while strategically deploying capital into higher-yielding earning assets.

Total net loans increased $39.5 million, or 2.7%, to $1.48 billion at June 30, 2026 from $1.44 billion at March 31, 2026, driven by growth across several key lending categories, including construction, commercial real estate, and commercial and industrial loans. Compared to June 30, 2025, total net loans increased $58.4 million, or 4.1%, from $1.42 billion, reflecting continued success in generating new lending opportunities and serving the credit needs of the Company's markets. Year-over-year growth was concentrated in the same core lending segments that contributed to the linked-quarter increase, demonstrating the strength and consistency of the Company's loan production efforts.

Total deposits were $1.60 billion at June 30, 2026, an increase of $3.7 million, or 0.2%, from March 31, 2026. Total deposits were $1.77 billion at June 30, 2025. The modest linked-quarter increase reflects the continued stability of the Company's deposit base. The year-over-year decrease was primarily attributable to the temporary nature of unusually large noninterest-bearing deposit balances received during the second quarter of 2025. Specifically, noninterest-bearing deposits increased by approximately $151.7 million during that period, largely due to business sale proceeds from two customers. As anticipated, the majority of these funds had exited the Bank by the end of 2025. Excluding the impact of these temporary balances, the Company's deposit base has remained relatively stable and continues to provide a solid source of funding for loan growth and other balance sheet initiatives.

Core deposit change for the quarter and twelve months ended June 30, 2026 was an increase of $102 thousand and a decrease of $13.7 million, respectively. Core deposits consist of checking accounts, NOW accounts, money market accounts, regular savings accounts and time deposits less than $250 thousand.

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 $250,000. As of June 30, 2026, the Company’s uninsured deposits were approximately $217.3 million or 13.6% of total deposits.

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 $345.3 million and borrowing availability was $618.6 million as of June 30, 2026, which in total exceed uninsured deposits, excluding intercompany cash holdings and secured municipal deposits, by $746.6 million. Liquid assets decreased by $83.9 million during the second quarter of 2026 due mainly to loan growth. In addition to deposits, the Company utilizes short-term and long-term borrowings as sources of funds. Short-term borrowings from the Federal Reserve Bank and the FHLB as well as federal funds purchased from Community Bankers Bank may be used to fund the Company’s day-to-day operations. Long-term borrowings include FHLB advances as well as subordinated debt. Total outstanding borrowings decreased to $29.6 million at June 30, 2026 from $69.7 million at June 30, 2025. The decrease was primarily due to the paydown of outstanding FHLB advances. Borrowings remained stable from March 31, 2026 to June 30, 2026.

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 $0.31 per common share, payable on August 14 2026, to shareholders of record on August 3, 2026. The Board of Directors of the Company regularly reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.

Total consolidated equity increased $14.3 million to $193.9 million at June 30, 2026 compared to June 30, 2025 and increased $3.6 million compared to March 31, 2026. The increases are primarily due to increased retained earnings from net income.

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 $6.1 million at June 30, 2026 compared to $6.0 million at March 31, 2026 and decreased from $7.3 million at June 30, 2025.

As of June 30, 2026, the most recent notification from the FDIC categorized the Bank of Clarke as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized under regulations applicable at June 30, 2026, Bank of Clarke was required to maintain minimum total risk-based, Tier 1 risk-based, CET1 risk-based and Tier 1 leverage ratios. In addition to the regulatory risk-based capital requirements, Bank of Clarke must maintain a capital conservation buffer of additional capital of 2.5 percent of risk-weighted assets as required by the Basel III capital rules. The Bank of Clarke exceeded these ratios at June 30, 2026.

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.

USA / International – (Toll) - +1.646.968.2525

USA – (Toll-Free) +1.888.596.4144

Canada – (Toronto) +1.647.495.7514

Canada – (Toll-Free) +1.888.596.4144

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 21%. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company’s net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of nontaxable interest income due to tax-exempt loan balances, net interest income for the ratio is calculated on a tax equivalent basis as described above.

(3) Non-GAAP financial measure - The efficiency ratio is not a measurement under accounting principles generally accepted in the United States. It is calculated by dividing non-interest expense less gain/loss on other real estate owned and gain/loss on repossessed assets by the sum of tax equivalent net interest income and non-interest income excluding gains and losses on the investment portfolio, loss on sale of other bank premises and equipment and gain on sale of other assets. The tax rate utilized is 21%. The Company calculates this ratio in order to evaluate its overhead structure or how effectively it is operating. An increase in the ratio from period to period indicates the Company is losing a larger percentage of its income to expenses. The Company believes that the efficiency ratio is a reasonable measure of profitability. Please refer to the "Reconciliation of Efficiency Ratio" table for additional information.

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 $1.00 of the Company’s earnings.

(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 06/30/2026				Unaudited 03/31/2026				* 12/31/2025				Unaudited 09/30/2025				Unaudited 06/30/2025
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, $10 par value			—				—				—				—				—
Common stock, $2.50 par value			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:
$250,000 and more			169,195				1,589				3.77	%			172,241				1,646				3.88	%			174,030				1,911				4.41	%
Less than $250,000			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 21%. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for additional information.

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 21%.

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	%

Forward Looking Statements Forward Looking Statements   Certain information contained in this Presentation (together with oral statements made in connection herewith, this “Presentation”) may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future operations of Eagle Financial Services, Inc. (the “Company,” “we,” “us,” or “our”) and are generally identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “believe,” “seek,” “anticipate,” “target,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of operating and financial measures or metrics and projections of growth, the results of the proposed balance sheet restructuring, market opportunity and market share. 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. These forward-looking statements are not intended to serve forward-looking must not be relied on by any prospective or current investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict, are beyond the control of the Company and will differ from assumptions. These forward-looking statements are subject to forward-looking risks and uncertainties. Factors that could have a material adverse effect on the operations and forward-looking of the Company forward-looking are not limited to those factors identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, subsequent quarterly reports on Form 10-Q, other filings with the U.S. Securities and Exchange Commission (the “SEC”) and the prospectus supplement and accompanying base prospectus.   If any of these risks or uncertainties materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company is not aware of or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this Presentation. The Company anticipates that subsequent events and developments may cause its assessments to change; however, the Company has no obligation to update these forward-looking statements, unless required by law. Accordingly, you are cautioned not to place undue reliance upon any such forward-looking statements in this Presentation when deciding whether to make any investment in the Company.   Any forward-looking statements in this Presentation speak only as of the date on which it is made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. Although all information included in this Presentation was obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to its accuracy or completeness. This Presentation contains preliminary information only, is subject to change at any time and is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your investment in the Company. All forward-looking statements, express or implied, herein are qualified in their entirety by this cautionary statement. Use of Unaudited Pro Forma and Non-GAAP Financial Measures   Annualized, pro forma, projected, and estimated financial information included in this Presentation are used for illustrative purposes only, are not forecasts and may not necessarily reflect actual financial results the Company may achieve. This Presentation includes certain non-GAAP measures, which provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. These non-GAAP measures are provided in addition to, and not as substitutes for, measures of our financial performance determined in accordance with GAAP. Our calculation of these non-GAAP measures may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related non-GAAP measures. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this Presentation.  Preliminary Financial Information as of June 30, 2026 Numbers contained in this Presentation as of and for the three-month period ended March 31, 2026, are preliminary and unaudited, and remain subject to further review, change and finalization. Such reviews and subsequent information could result in material changes in accounting estimates and other financial information, particularly with respect to material estimates and assumptions used in preparing this preliminary information. As of the date of this Presentation, our independent registered public accounting form, Yount, Hyde & Barbour, P.C., has not completed its review procedures with respect to this preliminary financial information.   Industry and Market Data   This Presentation includes statistical and other industry and market data that we obtained from government reports and other third-party sources. Our internal data, estimates and forecasts are based on information obtained from government reports, trade and business organizations and other contacts in the markets in which we operate and our management’s understanding of industry conditions. Although we believe that this information (including the industry publications and third-party research, surveys and studies) is accurate and reliable, we have not independently verified such information, and no representations or warranties are made by us of our affiliates as to the accuracy of any such statements or projections. In addition, estimates, forecasts, and assumptions are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. Forward-looking information obtained from these sources is subject to the same qualifications and the additional uncertainties regarding the other forward-looking statements in this Presentation. These and other factors could cause our results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties.    Trademarks and Trade Names   The Company owns or has rights to various trademarks, service marks and trade names that it uses in connection with the operation of its business. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear without the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that the Company will not assert, to the fullest extent under applicable law, its rights to these trademarks, service marks and trade names under applicable law. Other service marks, trademarks and trade names referred to in this Presentation, if any, are the property of their respective owners.

Company Overview The EFSI Story 2nd Quarter 2026 Financial Highlights WASHINGTON DC Arlington Annapolis Baltimore MARYLAND 95 81 EFSI Branches (14) EFSI LPO (1) VIRGINIA Berryville Winchester Eagle Financial Services, Inc. is the parent company for Bank of Clarke, and was established over 140 years ago Commercial focused banking institution operating in several of the country’s most attractive markets Deep management team with experience running larger financial institutions Diversified revenue sources driven primarily by wealth division Source: Company Documents; quarterly data as of or for the three months ended 6/30/2026. QoQ Growth Data represents data as 6/30/2026 compared to 3/31/2026 Note: Nonperforming assets defined as nonaccrual loans, OREO, and repossessed assets; core deposits defined as total deposits less deposits greater than $250,000, brokered deposits, certificates of deposits account registry service, Edward Jones demand deposits, and customer deposits due to business sale. Gross loans includes held for investment and held for sale loans

Experienced Leadership Team Attractive Markets of Operation Deep management team with community and regional banking experience in the Mid Atlantic Insider ownership of ~7% as of 12/31/25 aligns shareholder interest with decision making Operate in 2 of the top 10 highest household income counties in the United States Leverage funding base in legacy markets with robust lending opportunities in high growth Virginia counties Disciplined Organic Growth Organic growth focus by attracting and retaining elite banking professionals Investment Highlights Experienced Leadership Team Attractive Markets of Operation Disciplined Organic Growth Diversified Loan Portfolio Scalable Operating Model Attractive Core Deposit Franchise Diversified Loan Portfolio Scalable Operating Model Attractive Core Deposit Franchise 83% core deposits (1); 1.76% Q2 ’26 cost of total deposits 35% core noninterest-bearing deposits (2) Commercial lending strategy with a focus on generating deposits from all borrowers Portfolio is diversified between C&I, owner-occupied CRE, investment CRE and consumer Invested in technology, infrastructure and people for future growth and profitability enhancement Operating leverage will be realized with further scale Source: Company Documents, US Census; Data as of 12/31/25, unless otherwise indicated Core deposits exclude deposits over $250K, brokered deposits, CDARS, and demand deposits from Edward Jones As a percentage of core deposits

Gross Loans ($M) (1) Balance Sheet Growth Total Assets ($M) Total Deposits ($M) Source: Company documents; quarterly data as of or for the three months ended each period (1) Gross loans includes held for investment and held for sale loans

Deposit Portfolio Cost of Deposits (%) Deposit Composition Over Time ($M) Deposit Composition Core deposits (1) continue to fuel our organic loan growth Continued focus on commercial deposits; recently expanded treasury management product suite Implementing niche deposit gathering opportunities Bankers are incentivized to grow core deposits Minimal dependence on brokered deposits (5.0% of total deposits) Source: Company documents; quarterly data as of or for the three months ended each period Note: Jumbo time deposits defined as all time deposits greater than $250,000 Core deposits exclude deposits over $250K, brokered deposits, CDARS, demand deposits from Edward Jones $1,655 $1,598 $1,602 Q2 ’26 Cost of Deposits: 1.76% Q2 ’26 Total Deposits: $1.6B $1,767 $1,607

Loan Portfolio Loan Composition C&D: 35% CRE: 195% Continued focus on providing credit to small- and medium-sized businesses Currently prioritizing C&I over owner-occupied lending No shared national credit exposure and limited exposure to purchased and participated loans 16 commercial bankers throughout our footprint Continue to build out SBA, mortgage and government contracting Loan Focus Dollars in millions Source: Company documents; quarterly data as of or for the three months ended each period; Loan composition, CRE and C&D ratios bank level Consumer and C&I total includes marine loans (1) (1) (1)

Asset Quality Nonperforming Assets by Type ($M) Reserves / Loans (%) 0.02% (0.00)% 0.15% Comprehensive and conservative underwriting process Highly experienced bankers incentivized with equity ownership Commitment to a diverse loan portfolio while maintaining strong asset quality metrics Proactive approach to managing problem credits Source: Company documents; quarterly data as of or for the three months ended each period Note: Nonperforming assets defined as nonaccrual loans, loans delinquent over 90 days and still accruing, OREO, and other repossessed assets (1) Repossessed assets includes OREO NCOs / Avg. Loans 0.01% 0.16% (1) (1)

Earnings, Book Value and Dividends Earnings per Share ($) Net Income ($M) Dividend per Share ($) Tangible Book Value per Share ($)(1) Source: Company documents; data as of or for the year ended each period See appendix for reconciliation of non-GAAP metrics Core income defined as net income after taxes and before extraordinary items, less net income attributable to noncontrolling interest, gain on the sale of held to maturity and available for sale securities, amortization of intangibles, goodwill and nonrecurring items (1) (2) (1) (2)

Yield and Cost Analysis Source: Company documents; quarterly data for the three months ended each quarter

Profitability Metrics Return on Average Assets (ROAA)(%) Core Noninterest Income / AA and NIE / AA (%) Return on Average Equity (ROAE) (%) Efficiency Ratio (%) (1) Core Noninterest Income / Revenue Source: Company documents; data for the year ended each period; quarterly data for each quarter ended, respectively (1) See appendix for reconciliation of non-GAAP metrics Core income defined as net income after taxes and before extraordinary items, less net income attributable to noncontrolling interest, gain on the sale of held to maturity and available for sale securities, amortization of intangibles, goodwill and nonrecurring items Core noninterest income is defined as noninterest income less extraordinary items. the loss on the sale of securities of $12.425mm is excluded from Q1’25 (1) (1) (2) (2) 23.9% 23.7% 23.7% 23.1% 24.6% (3)

Bank Level Leverage Ratio (%) Tangible Common Equity / Tangible Assets (%) Capital Ratios CET1 Ratio (%) Total Risk-Based Capital Ratio (%) Source: Company documents; quarterly data as of or for the three months ended each period See appendix for reconciliation of non-GAAP metrics (1) Pro Forma (2) 8.4% Pro Forma (2) 10.4% Pro Forma (2) 11.5% Pro Forma (2) 14.4%

Non-GAAP Reconciliation Source: Company documents Note: Numbers may not match due to rounding PTPP income defined as pre-tax, pre-provision income (1)

Non-GAAP Reconciliation Source: Company documents Note: Core net income additions and exclusions assume 21% tax rate for illustrative purposes Note: Quarterly ratios shown on an annualized basis Note: Calculations may not match due to rounding

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.3 KB