In the Q2, Eagle Financial Services Inc 's corporate clients experienced a decline by -13.75 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.73 %. During the corresponding time, Eagle Financial Services Inc recorded a revenue increase by 10.58 % year on year, sequentially revenue grew by 16.89 %. While revenue at the Eagle Financial Services Inc 's corporate clients recorded rose by 1.73 % year on year, sequentially revenue grew by 19.99 %.
Customers of Eagle Financial Services Inc saw their costs of revenue decline by -13.75 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.73 %, for the same period Eagle Financial Services Inc recorded revenue increase by 10.58 % year on year, sequentially revenue grew by 16.89 %.
Eagle Financial Services Inc's Comment on Sales, Marketing and Customers
The Bank serves consumer and commercial customers by offering products including ATM cards, telephone banking, internet banking with online bill payment, mobile banking, and commercial deposit account services such as ACH origination and remote deposit capture. Its Wealth Management Division provides fiduciary services including trust management, guardianship, conservatorship, estate settlement, and investment advisory services. Investment products offered include individual retirement accounts, mutual funds, tax-deferred annuities, 529 college savings plans, life insurance, long-term care insurance, and brokerage certificates of deposit. Non-deposit investment products are provided through a third-party provider. The Bank is a member of Bankers Title Shenandoah, LLC, which sells title insurance, and an investor in Bearing Insurance Group, LLC, which brokers insurance sales through member banks. Additionally, the Bank invests in qualified affordable housing projects in Virginia to support low-income residential rental properties and provide tax benefits to investors.
Eagle Financial Services Inc’s Comment on Sales, Marketing and Customers
The Bank serves consumer and commercial customers by offering products including ATM cards, telephone banking, internet banking with online bill payment, mobile banking, and commercial deposit account services such as ACH origination and remote deposit capture. Its Wealth Management Division provides fiduciary services including trust management, guardianship, conservatorship, estate settlement, and investment advisory services. Investment products offered include individual retirement accounts, mutual funds, tax-deferred annuities, 529 college savings plans, life insurance, long-term care insurance, and brokerage certificates of deposit. Non-deposit investment products are provided through a third-party provider. The Bank is a member of Bankers Title Shenandoah, LLC, which sells title insurance, and an investor in Bearing Insurance Group, LLC, which brokers insurance sales through member banks. Additionally, the Bank invests in qualified affordable housing projects in Virginia to support low-income residential rental properties and provide tax benefits to investors.
Sources:
Eagle Financial Services Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Eagle Financial Services Inc’s corporate clients.
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