Welcome to our dedicated page for Eagle Finl Svcs news (Ticker: EFSI), a resource for investors and traders seeking the latest updates and insights on Eagle Finl Svcs stock.
Eagle Financial Services Inc (EFSI) delivers community-focused banking solutions through retail/commercial services, marine lending, and wealth management across Virginia. This dedicated news hub provides stakeholders with verified updates about EFSI's financial developments and market activities.
Access timely press releases covering earnings reports, regulatory filings, leadership changes, and strategic initiatives. Track updates across core operations including Community Banking expansions, Marine Lending portfolio developments, and Wealth Management service enhancements.
Our curated news collection serves investors analyzing financial performance, businesses monitoring commercial lending rates, and residents tracking local branch developments. All content undergoes strict verification to ensure compliance with financial reporting standards.
Bookmark this page for direct access to EFSI's official communications, including merger/acquisition announcements, dividend declarations, and technology initiatives like mobile banking upgrades. Stay informed about how Virginia's trusted financial institution navigates evolving market conditions.
Eagle Financial Services, Inc. (EFSI) reported its fourth quarter 2022 results with a net income of $3.2 million, a 21.7% decrease from Q3 2022 but a 40% increase from Q4 2021. The company achieved record loan growth of $338 million (25.5%) for the year, with earnings per share reaching a record $4.17. Net interest income rose to $13.3 million, up 2.8% from Q3 2022. Total consolidated assets grew to $1.62 billion, reflecting a 9.75% increase. Despite a $930 thousand provision for loan losses and rising interest expenses totaling $2.9 million, the Trust and Wealth Management division contributed significantly to the company’s after-tax revenue.
Eagle Financial Services, Inc. (OTCQX: EFSI) announced a quarterly cash dividend of $0.30 per common share on January 25, 2023. This dividend will be payable on February 17, 2023, to shareholders who are on record by February 6, 2023. The Bank of Clarke, the primary subsidiary, provides a variety of banking services across several counties in Virginia and Maryland, with a strong presence through its branches and loan production offices. This dividend declaration highlights the company's commitment to returning value to its shareholders and indicates financial stability within the current economic landscape.
Eagle Financial Services, Inc. (OTCQX: EFSI) reported record earnings for Q3 2022, with net income reaching $4.1 million, a 42.1% increase year-over-year. Basic and diluted earnings per share (EPS) stood at $1.17, the highest in the company's history. Total assets grew to $1.47 billion, up 5.03% from the previous quarter, driven by significant loan growth of $80.1 million. The Board declared a quarterly dividend of $0.30 per share, payable on November 21, 2022. However, noninterest income decreased by 17.8% to $3.2 million, affected by a loss on securities.
Eagle Financial Services, Inc. (EFSI) reported strong second quarter 2022 results with a net income of $4.0 million, a 22.8% increase from Q1 and a 32.9% increase YoY. The company announced a quarterly dividend of $0.29 per share, payable on August 19, 2022. Net interest income rose 7% to $11.9 million thanks to robust loan growth, with total loans increasing by $98.8 million. Noninterest income also saw an 18.7% rise to $3.8 million. However, total assets reached $1.40 billion, and the book value per share is at $28.58, reflecting ongoing growth and commitment to shareholders.
