Eagle Financial Services, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 01:17 pm
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Eagle Financial Services, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 9.398 million compared to USD 7.950 million a year ago. Net income was USD 2.506 million compared to USD 2.831 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.83 a year ago. For the full year, net interest income was USD 35.627 million compared to USD 31.215 million a year ago. Net income was USD 11.172 million compared to USD 9.759 million a year ago. Basic earnings per share from continuing operations was USD 3.27 compared to USD 2.84 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.
EAGLE FINANCIAL SERVICES, INC. 
