Eagle Financial Services Inc (PK:EFSI)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 2 E MAIN ST
BERRYVILLE VA 22611
Tel: 1-540-9555226
Website: https://www.eagle.com
IR: See website
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Key People
Brandon C. Lorey
President, Chief Executive Officer, Director
Kathleen J. Chappell
Chief Financial Officer, Executive Vice President
Joseph T. Zmitrovich
President and Chief Banking Officer
Kaley P. Crosen
Secretary, Executive Vice President, Chief Human Resources Officer of the bank
   
Business Overview
Eagle Financial Services, Inc. is a bank holding company for Bank of Clarke (the Bank). The Bank offers a range of retail and commercial banking services, including demand, savings and time deposits and consumer, mortgage and commercial loans. It operates through two segments, including community banking and marine lending. The Bank has over 13 full-service branches, two loan production offices, and one drive-through-only facility. The Bank has over 13 automated teller machine (ATM) locations in its trade area, and issues debit cards to deposit customers. The Bank offers telephone banking, Internet banking, and mobile banking to its customers. The Bank offers other commercial deposit account services, such as automated clearing house origination and remote deposit capture. The Bank has Virginia offices located in Clarke County, Frederick County, Fauquier County, Loudoun County, and Fairfax County, as well as the Towns of Leesburg, Ashburn and Purcellville, and the City of Winchester.
Financial Overview
For the fiscal year ended 31 December 2023, Eagle Financial Services Inc interest income increased 52% to $83.1M. Net interest income after loan loss provision increased 3% to $48.6M. Net income decreased 36% to $9.4M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 49% to $75.5M, Interest on deposits in banks increase from $352K to $3.8M, Dividends increase from $109K to $523K.
Employees: 245 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $22.30M as of Dec 31, 2023
Annual revenue (TTM): $83.13M as of Dec 31, 2023
EBITDA (TTM): $16.76M as of Dec 31, 2023
Net annual income (TTM): $9.36M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 3,520,894 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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