Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend

Rhea-AI Summary

Evans Bancorp, Inc. (NYSE American: EVBN) has declared a cash dividend of $0.60 per share on its outstanding common stock, payable on October 5, 2021 to shareholders of record by September 14, 2021. With around 5.5 million shares outstanding, the move reflects the company's ongoing commitment to returning value to shareholders. Evans Bancorp operates as a financial holding company with $2.2 billion in assets and $1.9 billion in deposits as of June 30, 2021, serving Western New York through its various financial services.

Positive

• Declaration of $0.60 dividend per share indicates strong financial health.
• Approx. 5.5 million shares outstanding suggests a manageable shareholder base.

Negative

• None.

Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that its Board of Directors has declared a cash dividend of $0.60 per share on its outstanding common stock. The dividend is payable on October 5, 2021 to shareholders of record as of September 14, 2021. The Company has approximately 5.5 million shares outstanding.

About Evans Bancorp, Inc.

Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $2.2 billion in assets and $1.9 billion in deposits at June 30, 2021. Evans is a full-service community bank with 20 financial centers providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Insurance Agency, a wholly owned subsidiary, provides life insurance, employee benefits, and property and casualty insurance through ten offices in the Western New York region. Evans Investment Services provides non-deposit investment products, such as annuities and mutual funds.

Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their websites, at www.evansbancorp.com and www.evansbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210817005662/en/

FAQ

What is the dividend amount declared by Evans Bancorp, Inc. (EVBN)?

Evans Bancorp, Inc. has declared a cash dividend of $0.60 per share.

When is the dividend payable for Evans Bancorp, Inc. (EVBN)?

The dividend is payable on October 5, 2021.

What is the record date for the dividend of Evans Bancorp, Inc. (EVBN)?

The record date for the dividend is September 14, 2021.

How many shares are outstanding for Evans Bancorp, Inc. (EVBN)?

Evans Bancorp, Inc. has approximately 5.5 million shares outstanding.

What are the total assets of Evans Bancorp, Inc. (EVBN)?

Evans Bancorp, Inc. has total assets of $2.2 billion.