Evans Bancorp: Strong Performer, But Looking Elsewhere For Higher Yield [Seeking Alpha]
Evans Bancorp, Inc. (EVBN)
NASDAQ:AMEX Investor Relations:
snl.com/irw/corporateprofile/100885
Company Research
Source: Seeking Alpha
Evans Bancorp: Strong Performer, But Looking Elsewhere For Higher Yield Summary Evans Bancorp demonstrated strong earnings growth in their last earnings release. Evans Bancorp has a dividend yield of 2.8%, which is below the 4.0% threshold we use for community banks when screening. Evans Bancorp has a payout ratio below 30%, indicating that company has plenty of room to continue their double-digit dividend increases. Evans Bancorp (NYSE: EVBN Financial Review released the third quarter operating results To start, the company's net interest income increased 13% compared to the same reporting period last year. The bank experienced strong loan growth and interest rate increases over the last 12 months, which is the primary driver of this increase. Loans increased by $64,226,000 from $1,155,566,000 to $1,219,792,000, or 5.5%, as of 9/30/18 and 9/30/19, respectively. This percentage didn't jump off the chart when reviewing it, so I was surprised to read that net interest income increased 1
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EVBN
News
- EVANS BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Evans Bancorp, Inc. - EVBNBusiness Wire
- Evans Bancorp Reports Net Income of $2.9 Million In Third Quarter 2024Business Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NAPA, MNTX, SMAR, EVBN on Behalf of ShareholdersPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FYBR, CNOB, EVBN on Behalf of ShareholdersPR Newswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Evans Bancorp Inc. - EVBNPR Newswire
EVBN
Earnings
- 4/30/24 - Miss
EVBN
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- EVBN's page on the SEC website