Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 8599 Erie Road ANGOLA NY 14006 |
Tel: | 1-716-9262000 |
Website: | https://www.evansbank.com |
IR: | See website |
Key People | ||
David J. Nasca President and Chief Executive Officer of the Company and the Bank, Director | John B. Connerton Treasurer of the Company, Chief Financial Officer of the Bank | Kenneth D. Pawlak Executive Vice President and Chief Growth Officer of the Bank |
Business Overview |
Evans Bancorp, Inc. is a financial holding company. The Company conducts its business through its two direct, wholly owned subsidiaries: Evans Bank, National Association (the Bank), and the Bank's subsidiaries, Evans National Leasing, Inc. (ENL), and Evans National Holding Corp. (ENHC); and Evans National Financial Services, LLC (ENFS). The Company operates through banking activities segment. The banking activities segment includes both commercial and consumer banking services, including a range of lending and depository services, as well as offering non-deposit investment products, such as annuities and mutual funds. The Bank operates through approximately eight branches providing financial services to consumer, business and municipal customers throughout Western New York. |
Financial Overview |
For the fiscal year ended 31 December 2023, Evans Bancorp Inc interest income increased 22% to $96.9M. Net interest income after loan loss provision decreased 13% to $61.2M. Net income increased 10% to $24.5M. Net interest income after loan loss provision reflects Banking Activities segment decrease of 13% to $61.2M, Net Interest Margin, Total - % decrease of 14% to 3.02%, Net Interest Spread, Total - % decrease of 28% to 2.45%. |
Employees: | 300 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $165.03M as of Dec 31, 2023 |
Annual revenue (TTM): | $96.85M as of Dec 31, 2023 |
EBITDA (TTM): | $45.45M as of Dec 31, 2023 |
Net annual income (TTM): | $24.52M as of Dec 31, 2023 |
Free cash flow (TTM): | $11.56M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $20.98M as of Dec 31, 2023 |
Shares outstanding: | 5,508,593 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |