Evans Bancorp (EVBN) Posts Q1 EPS of $0.04

Evans Bancorp (NYSE: EVBN) reported Q1 EPS of $0.04, which may not compare to the analyst estimate of $0.74.

• Solid asset growth with loans increasing $20 million in the quarter, or 6%, on an annualized basis
• Net interest income increased 2% to $12.8 million
• Regulatory and FSB shareholder approval received for Fairport Savings Bank acquisition
• An elevated provision for loan loss of $3.0 million reflects the impacts of the COVID-19 pandemic
• The Bank’s capital and liquidity remain strong as total deposits grew $60 million, or 5%, in the quarter

For earnings history and earnings-related data on Evans Bancorp (EVBN) click here.

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