secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950170-24-048729
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Financial Services Q1 net income $2.5M, EPS $0.72; declares $0.30 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000095017024048729/0000950170-24-048729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000095017024048729/efsi-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048729

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