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 |
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 |