Evans Bancorp Inc - EVBN STOCK NEWS

Evans Bancorp (NYSE American: EVBN) has declared a semi-annual cash dividend of $0.62 per share, marking a $0.02 increase from the previous dividend announced in October 2021. The dividend is payable on April 5, 2022 to shareholders of record as of March 11, 2022. With approximately 5.5 million shares outstanding, this increase represents the twelfth dividend rise in the last ten years. The company reported $2.2 billion in assets and $1.9 billion in deposits as of December 31, 2021.

Evans Bancorp (EVBN) reported strong financial results for Q4 and full year 2021, achieving a net income of $5.9 million ($1.06 per diluted share) in Q4 and a record $24 million ($4.37 per diluted share) for the year. Net interest income surged 20% to $19.7 million in Q4 and 22% to $72.8 million for the full year, driven by increased PPP fees and the acquisition of Fairport Savings Bank. Total deposits rose to $1.94 billion, up 3% for Q4 and 9% year-over-year. The net interest margin improved to 3.74% in Q4, reflecting effective management of deposit rates.

Evans Bancorp, Inc. (EVBN) will release its fourth quarter and full year 2021 financial results after the market closes on February 3, 2022. A conference call to discuss the results and the company’s strategy will follow at 4:45 p.m. ET. Evans Bancorp, a community bank in Western New York, has $2.2 billion in assets and $1.9 billion in deposits as of September 30, 2021. Investors can access a replay of the call on their website.

Evans Bancorp, Inc. (NYSE American: EVBN) reported a strong third quarter for 2021, with net income increasing 54% to a record $7.0 million, or $1.27 per diluted share. Net interest income rose 16% to $18.2 million, driven by higher loan fees and a release of $1.5 million in loan loss allowances. Total deposits reached $1.88 billion, up 5%. However, salary expenses increased by $1.9 million due to strategic hires. The bank continues to manage its hotel portfolio proactively, upgrading $20 million of criticized loans.

Evans Bancorp, Inc. (AMEX: EVBN) will release its third-quarter 2021 results after market close on October 28, 2021. The company will hold a conference call at 4:45 p.m. ET to discuss the financial results and corporate strategy, followed by a Q&A session. Investors can access the call via phone or an internet webcast. The company, with $2.2 billion in assets and $1.9 billion in deposits as of June 30, 2021, offers comprehensive financial services in Western New York.

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

Evans Bancorp, Inc. reported strong second-quarter 2021 results, reflecting a significant rebound from COVID-19 impacts. Net interest income surged 23% to $18.4 million, while net income reached $6.3 million, or $1.15 per diluted share. The loan portfolio rose 4%, excluding PPP loans, and total deposits increased to $1.88 billion. A release of $0.8 million from the loan loss allowance highlighted improved credit quality. Return on average equity improved to 14.72%. The company's financial health is bolstered by a solid capital ratio and book value of $32.28 per share.

Evans Bancorp, Inc. (NYSE American: EVBN) will announce its second quarter 2021 results on July 29, 2021, after market close. A conference call will be held at 4:45 p.m. ET to discuss financial results, corporate strategy, and outlook, followed by a Q&A session. As of March 31, 2021, Evans Bancorp reported $2.1 billion in assets and $1.9 billion in deposits. The company offers a range of financial services through its 20 centers across Western New York, and its subsidiaries provide insurance and investment services.

Evans Bancorp reported a solid performance for Q1 2021, with net income of $4.9 million ($0.89 per diluted share), reflecting a significant growth compared to the prior year. The company originated $89 million in PPP loans and $90 million in other commercial loans. Net interest income surged 30% to $16.6 million due to the acquisition of Fairport Savings Bank and PPP fees. Total deposits climbed 41% to $1.87 billion. However, there was a provision for loan loss of $0.3 million related to a single commercial loan. The company’s return on equity was 11.48%, down from 14.51% in the previous quarter.