secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE FINANCIAL SERVICES INC (EFSI)
CIK:        0000880641
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000950170-24-086795
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Financial Q2 net income $3.2M, EPS $0.89; declares $0.30 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880641/000095017024086795/0000950170-24-086795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880641/000095017024086795/efsi-20240726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086795

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