secwatch.observer — SEC 8-K summary
======================================

Issuer:     EVANS BANCORP INC (—)
CIK:        0000842518
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000842518-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842518/000084251824000024/0000842518-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842518/000084251824000024/evbn-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0000842518-24-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer