---
schema_version: "secwatch.filing_event.v1"
accession: "0000842518-24-000024"
form_type: "8-K"
ticker: null
cik: "0000842518"
company_name: "EVANS BANCORP INC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:08:39.109570+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Evans Bancorp Q1 net income $2.3M ($0.42 EPS); NIM 2.79% up 4bps sequentially

## Summary
- Net income $2.3M ($0.42 diluted EPS) vs $5.8M ($1.06) in Q1 2023 and $10.2M ($1.85) in Q4 2023.
- Net interest margin 2.79%, up 4bps from Q4 2023 but down 67bps YoY.
- Total loans $1.7B (+$63M YoY); loan pipeline $95M; deposits $1.9B (+$173M from Dec 2023).
- NPLs / total loans 1.62%; allowance / loans 1.29%.
- Tier 1 leverage ratio 10.52%; book value per share $31.62; tangible book value $31.29.

## SEC filing metadata
- accession: 0000842518-24-000024
- form_type: 8-K
- cik: 0000842518
- company_name: EVANS BANCORP INC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842518/000084251824000024/0000842518-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842518/000084251824000024/evbn-20240430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842518-24-000024
- JSON: https://secwatch.observer/filing/0000842518-24-000024.json
- Plain text: https://secwatch.observer/filing/0000842518-24-000024.txt

## Key facts
- Earnings Releases
  EVANS BANCORP INC reported first quarter of 2024 results: net income $2.3 million, EPS $0.42 per diluted share.
  - Period: first quarter of 2024
  - Net income: $2.3 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: Net income was $2.3 million, or $0.42 per diluted share, in the first quarter of 2024, compared with $10.2 million, or $1.85 per diluted share, in the fourth quarter of 2023 and $5.8 million, or $1.06 per diluted share, in last year’s first quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842518/000084251824000024/0000842518-24-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.