Evans Bancorp (EVBN) Tops Q3 EPS by 35c
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Evans Bancorp Reports Record Net Income of $7.0 Million in Third Quarter 2021
October 28, 2021 4:15 PM EDTWILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- Evans Bancorp, Inc. (the Company or Evans) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the third quarter ended September 30, 2021.
THIRD QUARTER 2021 HIGHLIGHTS (compared with prior-year period unless otherwise noted)
Net interest income increased 16% to $18.2 million reflecting accelerated amortization of Paycheck Protection Program (PPP) fees, higher commercial loan prepayment fees and lower interest expense Results include $1.5 million release of allowance for loan losses due to improved credit quality in the... More