Eagle Financial Services Q3 net income $2.9M, EPS $0.83; loan growth $45.8M

EAGLE FINANCIAL SERVICES INC

2021-Q3 EPS reported $2.54

Net income of $2.9M down 4.3% from Q2 and 15.6% YoY; diluted EPS $0.83.
Net interest income rose to $10.4M from $10.0M Q2 and $9.5M YoY.
Noninterest expense increased 9.1% to $9.5M driven by higher salaries and benefits.
Total loans grew $45.8M to $924.2M despite $19.3M in PPP forgiveness and $29.8M in sales.
Quarterly dividend declared $0.28/share, payable Nov 19, record Nov 8.

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