Evans Bancorp Reports Record Net Income for 2019
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Evans Bancorp (EVBN) Tops Q4 EPS by 11c
January 30, 2020 4:28 PM ESTEvans Bancorp (NYSE: EVBN) reported Q4 EPS of $0.93, $0.11 better than the analyst estimate of $0.82.
FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTS (compared with prior-year period unless otherwise noted)
Record annual net income of $17.9 million, up 9%Net interest income increased 8% to $52 million in 2019 driven by higher loan balancesInsurance service and fee revenue increased 14% to $10.7 million during 2019Average demand deposits grew 10% in the fourth quarterEntered into an agreement to acquire Fairport Savings Bank2019 was an outstanding year for the organization. Our performance demonstrated solid growth... More
