Eagle Financial Q3 net income $2.3M, up 12.6% QoQ; sells marine finance unit; $0.30 dividend

EAGLE FINANCIAL SERVICES INC

2023-Q3 EPS reported $1.98

Net income of $2.3M ($0.65 diluted EPS) vs. $2.1M in Q2 and $4.1M in Q3 2022.
Sold marine finance business (LaVictoire Finance) to Axos Bank; $52.8M in dealer floor plan loans sold; gain of $913K.
Quarterly cash dividend of $0.30 per share declared, payable Nov 17, 2023 to holders of record Nov 6.
Net interest margin fell to 2.93% from 2.99% in Q2 and 3.46% in Q3 2022.
Nonperforming assets rose to $6.1M (0.32% of assets) vs. $3.3M (0.17%) at June 30, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EAGLE FINANCIAL SERVICES INC reported quarter ended September 30, 2023 results: net income $2.3 million, EPS $0.30 per common share.

Period: quarter ended September 30, 2023
Net income: $2.3 million
EPS: $0.30 per common share
Result: reported results

Exact text from the filing

On October 27, 2023, the Registrant issued a press release announcing the results for the quarter ended September 30, 2023.

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EAGLE FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0000950170-23-056141

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