Evans Bancorp Net Income Increases 8% to a Record $5.2 Million in the 2019 Third Quarter
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Evans Bancorp (EVBN) Tops Q3 EPS by 10c
October 24, 2019 4:45 PM EDTEvans Bancorp (NYSE: EVBN) reported Q3 EPS of $1.02, $0.10 better than the analyst estimate of $0.92.
THIRD QUARTER 2019 HIGHLIGHTS (compared with prior-year period unless otherwise noted)
Achieved record net income of $5.2 million; Earnings per diluted share grew $0.07 to $1.04Net interest income increased 13% to $13.6 millionNon-interest income of $5.2 million increased 8%Loan portfolio of $1.2 billion up 6% since the end of last years third quarterTotal deposits grew $43 million year-over-year, including 15% growth of average core demand depositsEfficiency ratio improvement to 64.8% from 66.9%Net income was $5.2... More
