CSIMarket
 

Eastern Virginia Bankshares Inc  (EVBS)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Eastern Virginia Bankshares Inc's

Competitiveness


 

EVBS Sales vs. its Competitors Q1 2017



Comparing the current results to its competitors, Eastern Virginia Bankshares Inc reported Revenue increase in the 1 quarter 2017 by 7.64 % year on year.
The sales growth was above Eastern Virginia Bankshares Inc's competitors' average revenue growth of 5.69 %, achieved in the same quarter.

List of EVBS Competitors

With a net margin of 13.18 % Eastern Virginia Bankshares Inc achieved higher profitability than its competitors.

More on EVBS Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Eastern Virginia Bankshares IncNet Income in the 1 quarter 2017 fell year on year by -20.07%, slower than its competitors' income growth of 18.47 %

<<  EVBS Stock Performance Comparisons


Eastern Virginia Bankshares Inc's Comment on Competitors and Industry Peers


The Bank encounters strong competition for its banking services within its primary market areas. The sources of competition vary based on the particular market of operation, which can range from a small rural town to part of a large urban market. The Bank competes with large national and regional financial institutions, savings associations and other independent community banks, as well as credit unions, mutual funds and life insurance companies. The banking business in the Bank’s primary market areas is highly competitive for both loans and deposits, and is dominated by a relatively small number of large banks with many offices operating over a wide geographic area. Among the advantages such large banks have over the Bank are their ability to offer banking products and services at large branch networks, to launch and finance wide-ranging advertising campaigns and, by virtue of their greater total capitalization, to have substantially higher lending limits than the Bank. In addition, large banks may more easily comply with certain regulations applicable to banking activities and consumer financial products and services.

Factors such as interest rates offered, the number and location of branches and the types of products offered, as well as the reputation of the institution, affect competition for deposits and loans. The Bank competes by emphasizing customer service and technology, establishing long-term customer relationships, building customer loyalty, and providing products and services to address the specific needs of its customers. The Bank targets individuals and small to medium sized business customers. No material part of the Bank’s business is dependent upon a single or a few customers, and the loss of any single customer would not have a material adverse effect upon the Bank’s business.

Because federal regulation of financial institutions changes regularly and is the subject of constant legislative debate, we cannot foresee how federal regulation of financial institutions may change in the future. However, it is possible that current and future governmental regulatory and economic initiatives could impact the competitive landscape in the Bank’s markets.