earnings
confidence high
sentiment neutral
materiality 0.50
Eagle Financial Services Q1 net income $2.5M, EPS $0.72; declares $0.30 dividend
EAGLE FINANCIAL SERVICES INC
2024-Q1 EPS reported
$0.72
- Net income $2.5M, EPS $0.72 for Q1 2024, up 6.4% from Q4 2023 ($2.4M, $0.69).
- Noninterest expenses fell $903K (6.8%) to $12.4M; efficiency ratio improved to 77.73% from 83.01%.
- Net interest margin 2.91%, down from 3.27% in Q1 2023; total assets $1.78B, down 2.34% from Dec 2023.
- Nonperforming assets decreased to $5.0M (0.28% of assets) from $6.1M at Dec 2023; provision for credit losses $475K.
- Board declares $0.30 quarterly dividend, payable May 17, 2024 to shareholders of record May 6, 2024.