earnings
confidence high
sentiment positive
materiality 0.60
Eagle Financial Q2 net income $3.2M, EPS $0.89; declares $0.30 dividend
EAGLE FINANCIAL SERVICES INC
2024-Q2 EPS reported
$1.61
- Net income $3.2M, up 25% QoQ and 55% YoY; EPS $0.89 vs $0.72 prior quarter.
- Noninterest income rose 23.7% QoQ to $4.3M, driven by gains on loan sales and BOLI payout.
- Dividend maintained at $0.30/share, payable Aug 16 to holders of record Aug 5.
- Nonperforming assets fell to $3.3M (0.18% of assets) from $5.0M (0.28%) at Q1 end.
- Net interest margin compressed to 2.81% from 2.91% QoQ due to marine loan payoff fee impacts.