WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a cash dividend of $0.66 per share on its outstanding common stock. The dividend is payable on October 10, 2024, to shareholders of record as of September 12, 2024. The Company has approximately 5.5 million shares outstanding. About Evans Bancorp, Inc. Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $2.3...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (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 second quarter ended June 30, 2024. The prior-year period includes business activity relating to The Evans Agency (TEA) prior to the sale to Arthur J. Gallagher & Co. on November 30, 2023. HIGHLIGHTS Net income per share was $0.53 in the second quarter, which was up 26% sequentially on higher revenue and lower expenses Second quarter net interest margin of 2.71% was above expect...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that it will release its second quarter 2024 results after the close of financial markets on Tuesday, July 30, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2024 Conference Call Tuesday, July 30, 2024 4:45 p.m. Eastern Time Phone: (201) 689-8471 Inte...
WILLIAMSVILLE, 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 first quarter ended March 31, 2024. HIGHLIGHTS First quarter net interest margin of 2.79% expanded 4 basis points sequentially Total loan balances of $1.7 billion up $63 million, or 4%, year-over-year Robust loan pipeline of $95 million Total deposits of $1.9 billion increased $173 million, or 10%, in the quarter, and were up $41 million, or 2%, from the...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that it will release its first quarter 2024 results after the close of financial markets on Tuesday, April 30, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2024 Conference Call Tuesday, April 30, 2024 4:45 p.m. Eastern Time Phone: (201) 689-8471 Inte...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a cash dividend of $0.66 per share on its outstanding common stock. The dividend is payable on April 9, 2024, to shareholders of record as of March 12, 2024. The Company has approximately 5.5 million shares outstanding. About Evans Bancorp, Inc. Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $2.1 billio...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (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 fourth quarter and full year ended December 31, 2023. HIGHLIGHTS Completed the sale of The Evans Agency (“TEA”) to Arthur J. Gallagher & Co, netting a pretax gain of $20.2 million in the fourth quarter Repositioned balance sheet with sale of $78 million of investment securities – proceeds used to reduce short-term borrowings; resulted in recognized pretax loss of $5.0 million in...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that it will release its fourth quarter and full year 2023 results after the close of financial markets on Thursday, February 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2023 Conference Call Thursday, February 1, 2024 4:45 p.m. Eas...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced today that it has entered into a definitive agreement to sell The Evans Agency, LLC (“TEA”) to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”) for $40 million. The transaction is subject to customary closing conditions and is anticipated to be completed in the fourth quarter of 2023. Key Highlights: Evans’ growth of TEA over the years culminates with the capture of a valuation premium, providing capital to strat...
WILLIAMSVILLE, 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, 2023. HIGHLIGHTS Total loan balances of $1.7 billion up 2% in the quarter and 5% year-over-year Net income of $3.6 million reflected continued net interest margin pressure, partially offset by prudent expense management Total non-interest expense declined 9% to $14.4 million over last year’s third quarter Net interest ma...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced that it will release its third quarter 2023 results after the close of financial markets on Thursday, October 26, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2023 Conference Call Thursday, October 26, 2023 4:45 p.m. Eastern Time Phone: (201) 689-847...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (the “Company” or “Evans”) (NYSE American: EVBN), a community financial services company serving Western New York since 1920, announced today that its Board of Directors declared a cash dividend of $0.66 per share on its outstanding common stock. The dividend is payable on October 18, 2023, to shareholders of record as of September 19, 2023. The Company has approximately 5.5 million shares outstanding. About Evans Bancorp, Inc. Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank with $2.2...
WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- (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 second quarter ended June 30, 2023. SECOND QUARTER 2023 REVIEW (compared with prior-year period unless otherwise noted) Net income of $4.9 million reflected continued net interest margin pressure, partially offset by non-interest income growth and prudent expense management Total non-interest income of $4.7 million increased 2% year-over-year and up 14% sequentially Total non...
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