secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000950170-23-056141
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000095017023056141/0000950170-23-056141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000095017023056141/efsi-20231027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056141

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