Eagle Financial Bancorp, Inc. Announces Fourth Quarter 2021 Results

Rhea-AI Summary

Eagle Financial Bancorp, Inc. (OTCQB: EFBI), the parent company of EAGLE.bank, reported its financial results for the quarter ending December 31, 2021. As of that date, the company held total assets of $174.8 million, total deposits of $141.5 million, and total stockholders’ equity of $30.1 million. The bank operates primarily in Hamilton County, Ohio, providing financial services to individuals and businesses. The release includes forward-looking statements about potential risks, including economic conditions and the impacts of the COVID-19 pandemic.

Positive

• Total assets reported at $174.8 million.
• Total deposits increased to $141.5 million.
• Total stockholders' equity stands at $30.1 million.

Negative

• None.

CINCINNATI--(BUSINESS WIRE)-- Eagle Financial Bancorp, Inc. (the “Company”) (OTCQB: EFBI), the holding company for EAGLE.bank, today announced its results of operations for the quarter ended December 31, 2021. A copy of the announcement can be found on the Company’s website at www.eagle.bank under the heading “Investor Relations – Financial Reports.”

About EAGLE.bank

EAGLE.bank, an Ohio chartered bank headquartered in Cincinnati, Ohio, was originally chartered in 1882. At December 31, 2021 Eagle Financial Bancorp, Inc., our holding company, had $174.8 million of total assets, $141.5 million of total deposits and $30.1 million of total stockholders’ equity. We provide financial services primarily to individuals, families and businesses through our main office and two branch offices located in Hamilton County, Ohio.

Forward-looking statements

This news release may contain certain forward-looking statements, such as statements of the Company’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company to effectively manage its growth, the results of regulatory examinations, and the effect of the Coronavirus Disease 2019 (COVID-19) pandemic on our Company, the communities where we have our branches, the state of Ohio and the United States, including its effect on the economy and overall financial stability. The effects of the COVID-19 pandemic may also exacerbate the effects of the other factors listed herein. The foregoing list of important factors is not exclusive. Other factors, including some of which we are currently unaware may affect our results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220207005840/en/

Gary J. Koester

Chief Executive Officer

(513) 574-0700

gary.koester@eagle.bank

Source: Eagle Financial Bancorp, Inc.

FAQ

What were Eagle Financial Bancorp's total assets as of December 31, 2021?

Eagle Financial Bancorp reported total assets of $174.8 million as of December 31, 2021.

How much were total deposits for EFBI at the end of Q4 2021?

Total deposits for EFBI were $141.5 million at the end of Q4 2021.

What is the stock symbol for Eagle Financial Bancorp?

The stock symbol for Eagle Financial Bancorp is EFBI.

What are some risks mentioned in Eagle Financial Bancorp's press release?

Risks include general economic conditions, interest rate trends, and the impacts of the COVID-19 pandemic.