Eagle Financial Services, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 30, 2019 at 09:15 am
Share
Eagle Financial Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest and dividend income of $8,323,000 against $7,323,000 a year ago. Net interest income was $7,512,000 against $6,971,000 a year ago. Net income was $2,081,000 against $1,709,000 a year ago. Basic and diluted net income per common share was $0.60 against $0.49 a year ago.
For the year, the company reported total interest and dividend income of $31,923,000 against $28,531,000 a year ago. Net interest income was $29,408,000 against $27,196,000 a year ago. Net income was $9,001,000 against $7,786,000 a year ago. Basic and diluted net income per common share was $2.60 against $2.24 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.