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Evans Bancorp Inc (NYSEAMER: EVBN) |
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Price: $42.6000
$1.28 
3.098%
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| Day's High:
| $42.6
| Week Perf:
| 0.9 %
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| Day's Low: |
$ 41.70 |
30 Day Perf: |
-5.29 % |
| Volume (M): |
37 |
52 Wk High: |
$ 46.21 |
| Volume (M$): |
$ 1,555 |
52 Wk Avg: |
$33.53 |
| Open: |
$41.82 |
52 Wk Low: |
$24.07 |
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| Market Capitalization (Millions $) |
236 |
| Shares
Outstanding (Millions) |
6 |
| Employees |
300 |
| Revenues (TTM) (Millions $) |
82 |
| Net Income (TTM) (Millions $) |
18 |
| Cash Flow (TTM) (Millions $) |
103 |
| Capital Exp. (TTM) (Millions $) |
0 |
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 St. Williamsville 14221 NY
Company Phone Number: 926-2000 Stock Exchange / Ticker: NYSEAMER EVBN
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Customers Net Income fell by |
EVBN's Customers Net Profit Margin fell to |
-25 % |
13.36 %
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| Stock Performances by Major Competitors |
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| Evans Bancorp Inc
Evans Bancorp Inc, a commercial bank based in Buffalo, New York, recently reported a significant decline in revenue for the fiscal first quarter of 2024, which ultimately led to a substantial slump in its bottom-line performance. The company's revenue plummeted by nearly 28% to $15.91 million compared to $22.09 million in the same period a year ago. This decline also resulted in a sharp decrease in earnings per share (eps) from $1.06 to $0.42 per share.
The decrease in business for Evans Bancorp Inc stands in stark contrast to the rest of the Commercial Banks industry which managed to post revenue improvements during the same period. The company's revenue also experienced a significant drop from the previous quarter, with a decline of over 50% from $32.22 million. Similarly, income per share dropped by over 77% from $1.87 per share.
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| Evans Bancorp Inc
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.
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| Evans Bancorp Inc
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.
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| Evans Bancorp Inc
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.
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| Evans Bancorp Inc
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.
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| Per Share |
Current |
| Earnings (TTM) |
3.35 $ |
| Revenues (TTM) |
14.8 $
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| Cash Flow (TTM) |
18.54 $ |
| Cash |
52.69 $
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| Book Value |
33.53 $
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| Dividend (TTM) |
1.32 $ |
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| Per Share |
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| Earnings (TTM) |
3.35 $
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| Revenues (TTM) |
14.8 $ |
| Cash Flow (TTM) |
18.54 $ |
| Cash |
52.69 $
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| Book Value |
33.53 $ |
| Dividend (TTM) |
1.32 $ |
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| Wealth Management And Other Financial Services |
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 1.06 % |
of total Revenue |
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0.33%