Eagle Financial Services, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2023
October 27, 2023 at 10:00 pm
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Eagle Financial Services, Inc. reported earnings results for the third quarter ended September 30, 2023. For the third quarter, the company reported net interest income was USD 12.92 million compared to USD 12.9 million a year ago. Net income was USD 2.32 million compared to USD 4.08 million a year ago.
Basic earnings per share from continuing operations was USD 0.66 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 1.17 a year ago.
Eagle Financial Services, Inc. is a bank holding company for Bank of Clarke (the Bank). The Bank offers a range of retail and commercial banking services, including demand, savings and time deposits and consumer, mortgage and commercial loans. The Company operates in three reportable business segments through the Bank: community banking, marine lending and wealth management. The Bank has over 13 full-service branches, two loan production offices, and one drive-through-only facility. The Bank has over 13 automated teller machine (ATM) locations in its trade area, and issues debit cards to deposit customers. The Bank offers telephone banking, Internet banking, and mobile banking to its customers. The Bank offers other commercial deposit account services, such as automated clearing house origination and remote deposit capture. The Bank has Virginia offices located in Clarke County, Frederick County, Fauquier County, Loudoun County, Fairfax County and other locations.