earnings
confidence high
sentiment positive
materiality 0.75
Eagle Financial reports record Q2 net income of $4.0M, raises dividend to $0.29
EAGLE FINANCIAL SERVICES INC
2022-Q2 EPS reported
$2.08
- Net income $4.0M ($1.14 EPS), up 32.9% YoY from $3.0M; ROAA 1.16%, ROAE 15.86%
- Quarterly cash dividend increased to $0.29/share, payable Aug 19 to holders of record Aug 8
- Net loans rose $98.8M to $1.11B; total assets $1.40B, up 2.1% from prior quarter
- Net interest margin expanded to 3.70% from 3.61% in Q1 2022 and 3.56% in Q2 2021
- Nonperforming assets fell to $2.1M (0.15% of assets) from $2.6M at March 31, 2022