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Evans Bancorp Inc   (EVBN)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $29.0500 $-0.88 -2.940%
Day's High: $29.85 Week Perf: 0.17 %
Day's Low: $ 29.02 30 Day Perf: -0.68 %
Volume (M): 14 52 Wk High: $ 36.20
Volume (M$): $ 401 52 Wk Avg: $28.31
Open: $29.71 52 Wk Low: $23.20



 Market Capitalization (Millions $) 159
 Shares Outstanding (Millions) 5
 Employees 258
 Revenues (TTM) (Millions $) 94
 Net Income (TTM) (Millions $) 25
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1

Evans Bancorp Inc

Evans Bancorp, Inc. is a New York business corporation which is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHCA”). The principal office of the Company is located at One Grimsby Drive, Hamburg, NY 14075 and its telephone number is (716) 926-2000. This facility is occupied by the Office of the President and Chief Executive Officer of the Company, as well as the Administrative and Loan Divisions of Evans Bank. The Company was incorporated on October 28, 1988, but the continuity of its banking business is traced to the organization of the Evans National Bank of Angola on January 20, 1920. Except as the context otherwise requires, the Company and its direct and indirect subsidiaries are collectively referred to in this report as the “Company.” The Company’s common stock is traded on the NYSE MKT under the symbol “EVBN.”


Evans National Holding Corp. (“ENHC”). ENHC, a wholly-owned subsidiary of the Bank, operates as a real estate investment trust that holds commercial real estate loans and residential mortgages, providing additional flexibility and planning opportunities for the business of the Bank.

Evans National Financial Services, LLC (“ENFS”). ENFS is a wholly-owned subsidiary of the Company. ENFSs primary business is to own the business and assets of the Company’s non-banking financial services subsidiaries.

Frontier Claims Services, Inc. (“FCS”). FCS is a wholly-owned subsidiary of TEA and provides claims adjusting services to various insurance companies.

Evans National Leasing, Inc. (“ENL”). ENL, a wholly-owned subsidiary of the Bank, provided direct financing leasing of commercial small-ticket general business equipment to companies located throughout the contiguous 48 United States. The Company exited the leasing business in 2009 and currently has only minimal activity, primarily collecting recoveries of previously charged off leases.

The Company also has two special purpose entities: Evans Capital Trust I, a statutory trust formed in September 2004 under the Delaware Statutory Trust Act, solely for the purpose of issuing and selling certain securities representing undivided beneficial interests in the assets of the trust, investing the proceeds thereof in certain debentures of the Company and engaging in those activities necessary, advisable or incidental thereto; and ENB Employers Insurance Trust, a Delaware trust company formed in February 2003 for the sole purpose of holding life insurance policies under the Bank’s bank-owned life insurance (“BOLI”) program.



   Company Address: 6460 Main Street Williamsville 14221 NY
   Company Phone Number: 926-2000   Stock Exchange / Ticker: NYSEAMER EVBN
   


Customers Net Income fell by EVBN's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
PNC   -0.91%    
WFC        0.28% 
• View Complete Report
   



Evans Bancorp Inc

Evans Bancorp Inc Surges Ahead with Impressive Financial Results for Fiscal Period Ending December 31, 2023

Evans Bancorp Inc has recently reported impressive financial results for its most recent fiscal period, showcasing significant growth in both revenue and income per share. The company saw income per share surge by 72.29% to $1.87 per share compared to a year ago, driven by a notable increase in revenue of 41.596% to $32.22 million. This performance has come as a new revelation, as the Commercial Banks sector as a whole has experienced a -0.19% decrease in top-line revenue.
In the prior reporting period, Evans Bancorp Inc realized revenue of $19.31 million and $0.66 per share in earnings. However, in the most recent fiscal period, the company's net earnings increased by a significant 68.36% to $10.174 million, compared to $6.043 million reported in the same period a year ago. The company also highlighted its improving profit margins, with net margin rising to 31.58% and operating margin edging up to 49.4%. Operating earnings saw a notable increase of 102.69% to $15.915 million.

Evans Bancorp Inc

Evans Bancorp Inc Faces Severe Revenue Decline in Q3 2023, Signaling Troubling Times Ahead

Evans Bancorp Inc (EVBN) reported soft financial results in the third quarter of 2023, with both the top and bottom line showing a decline compared to the same period last year. The company's EPS dropped by -37.74%, while revenue decreased by -18.288% on a year-on-year basis.
During the third quarter of 2023, Evans Bancorp Inc generated revenue of $19.31 million, down from $23.63 million in the third quarter of 2022. The EPS for the current quarter stood at $0.66, a decrease from $1.06 in the same quarter of the previous year.

Evans Bancorp Inc

Evans Bancorp Inc. Sees Substantial Revenue and Profit Drops in Q2 2023

A Promising Outlook for the Stock Market: Evans Bancorp Inc
The stock market has been known to be a dynamic and unpredictable entity, but it's important to remember that even in the face of occasional setbacks, there are opportunities for growth. One such opportunity lies with Evans Bancorp Inc, a company that has weathered some challenges in the second quarter of 2023 earnings season but shows immense promise for the future.
Although Evans Bancorp Inc faced a decline in income and profits this year, with a decrease of -12.62% and -15.09% respectively, it's essential to consider the broader context. These figures are in comparison to strong performance figures from the same period a year ago. Despite these declines, the company still reported a solid earnings figure of $0.90 per share in the second quarter of 2023.

Evans Bancorp Inc

Evans Bancorp Inc disclosed a moderate 6.668%, rise in their revenue, all along the fiscal three months closing Mar 31 2023

Evans Bancorp Inc, a financial holding company, has reported an increase in revenue for the first quarter of 2023, with a 6.668% increase to $22.09 million compared to $20.71 million in the prior year reporting season. Similarly, the company has reported an increase in earnings by 23.26% to $1.06 per share as compared to $0.86 per share in the prior year reporting season.
However, the revenue for the prior period decreased by -2.901% from $22.75 million, and earnings per share decreased by -2.51% from $1.09 per share. Despite this, the net income for the first quarter of 2023 increased by 22.16% to $5.800 million, compared to net earnings of $4.748 million reported in the first quarter of 2022.
The company has also highlighted its improving profit margins, with a net margin rising to 26.25% in the first quarter of 2023, while operating margin edged up to 34.36%. However, operating earnings have improved just 21.42% to $7.59 million.
The results show a positive trend for the company, with an increase in revenue and earnings. The net income has also increased significantly, indicating that the company is performing well. The company's focus on improving profit margins is a positive sign for investors.
It is important to note that while the company has reported positive results for the first quarter of 2023, the revenue for the prior period has decreased by 2.901%, and earnings per share have also decreased by 2.51%. These figures should be taken into consideration by investors while analyzing the company's performance.






 

Evans Bancorp Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Evans Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Evans Bancorp Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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