earnings
confidence high
sentiment positive
materiality 0.65
Eagle Financial Q1 net income $3.3M ($0.94 EPS); loan portfolio tops $1B
EAGLE FINANCIAL SERVICES INC
2022-Q1 EPS reported
$0.94
- Net income $3.3M, up 42.4% QoQ and 13.6% YoY; diluted EPS $0.94, annualized EPS record $3.80.
- Net interest income $11.1M, flat QoQ but up 16.8% YoY; NIM 3.61% vs 3.67% prior quarter.
- Total assets $1.37B (+5.5% QoQ); net loans $1.01B, deposits $1.23B (+$54.1M QoQ).
- Issued $30M of 4.50% Fixed-to-Floating Subordinated Notes due 2032 for general corporate purposes.
- Board declared $0.28/share cash dividend, payable May 18, 2022 to holders of record May 4, 2022.