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Stock impact report

CORRECTING and REPLACING Evans Bancorp Reports Record Net Income for 2019

Evans Bancorp, Inc. (EVBN) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/100885
Company Research Source: Business Wire
HAMBURG, N.Y.--(BUSINESS WIRE)--In the press release dated Jan. 30, 2020, non-interest income, tax expense, net income, earnings per diluted share, and all related information has been updated to reflect the change in timing of an historic tax credit transaction from the fourth quarter 2019 to the first quarter of 2020. The corrected release reads: EVANS BANCORP REPORTS RECORD NET INCOME FOR 2019Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, today reported its results of operations for the fourth quarter and year ended December 31, 2019.FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTS (compared with prior-year period unless otherwise noted)Record annual net income of $17.0 million, up 4% Net interest income increased 8% to $52 million in 2019 driven by higher loan balancesInsurance service and fee revenue increased 14% to $10.7 million during 2019 Average demand deposits grew 10% in the Show less Read more
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