Evans Bancorp Reports Net Income of $24.5 Million in 2023 [Yahoo! Finance]
Evans Bancorp, Inc. (EVBN)
NASDAQ:AMEX Investor Relations:
snl.com/irw/corporateprofile/100885
Company Research
Source: Yahoo! Finance
services company serving Western New York since 1920, today reported results of operations for the fourth quarter and full year ended December 31, 2023. HIGHLIGHTS Completed the sale of The Evans Agency ("TEA") to Arthur J. Gallagher & Co, netting a pretax gain of $20.2 million in the fourth quarter Repositioned 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 income Total loan balances of $1.7 billion up 1% in the quarter and 3% year-over-year Fourth quarter net interest margin of 2.75% declined 4 basis points sequentially Tangible book value per share increased 25% to $32.07 at December 31, 2023 compared with prior year's fourth quarter Paid dividends of $1.32 per share in 2023, up 5% Net income was $10.2 million, or $1.85 per diluted share, in the fourth quarter of 2023, compared with $3.6 million, or $0.
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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