secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000950170-24-008151
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000095017024008151/0000950170-24-008151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000095017024008151/efsi-20240126.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-008151

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