Evans Bancorp Reports Net Income of $24.5 Million in 2023
Evans Bancorp, Inc. (EVBN)
NASDAQ:AMEX Investor Relations:
snl.com/irw/corporateprofile/100885
Company Research
Source: Business Wire
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)--Evans Bancorp, Inc. (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the fourth quarter and full year ended December 31, 2023.HIGHLIGHTSCompleted the sale of The Evans Agency (“TEA”) to Arthur J. Gallagher & Co, netting a pretax gain of $20.2 million in the fourth quarterRepositioned balance sheet with sale of $78 million of investment securities – proceeds used to reduce short-term borrowings; resulted in recognized pretax loss of $5.0 million in the quarter but improves forward net interest incomeTotal loan balances of $1.7 billion up 1% in the quarter and 3% year-over-yearFourth quarter net interest margin of 2.75% declined 4 basis points sequentiallyTangible book value per share increased 25% to $32.07 at December 31, 2023 compared with prior year’s fourth quarterPaid dividends of $1.32 per share in 2023, up 5%Net income wa
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EVBN
News
- Evans Bancorp, Inc. (AMEX:EVBN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Evans Bancorp Reports Net Income of $2.3 Million In First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Evans Bancorp Reports Net Income of $2.3 Million In First Quarter 2024Business Wire
- Evans Bancorp Announces First Quarter 2024 Conference Call and WebcastBusiness Wire
- Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend [Yahoo! Finance]Yahoo! Finance
EVBN
Earnings
- 4/30/24 - Miss
EVBN
Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/18/24 - Form 3
- EVBN's page on the SEC website