Eagle Financial Q4 net income $2.4M (-25% YoY); NIM 2.85%; declares $0.30 dividend

EAGLE FINANCIAL SERVICES INC

2023-FY EPS reported $2.66

Net income $2.4M for Q4 2023, down 25.1% from $3.2M in Q4 2022; up 3.3% from Q3 2023.
Net interest margin fell to 2.85% from 3.68% a year ago; total deposits $1.51B, up from $1.26B YoY.
Quarterly dividend of $0.30 per share declared, payable Feb 16 to holders of record Feb 5.
Nonperforming assets $6.1M (0.34% of assets), up from $2.4M at Dec 2022; provision $366K.
Noninterest expenses down 6% QoQ to $13.3M due to sale of marine finance business.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EAGLE FINANCIAL SERVICES INC reported quarter ended December 31, 2023 results: net income $2.4 million.

Period: quarter ended December 31, 2023
Net income: $2.4 million
Result: reported results

Exact text from the filing

On January 26, 2024, the Registrant issued a press release announcing the results for the quarter ended December 31, 2023.

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EAGLE FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-008151

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