Evans Bancorp reports Q3 EPS 53c, one estimate 40c
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Third Quarter Performance: Evans Bancorp, Inc. reported solid performance in the third quarter, attributed to growth in lending and deposits, an expanded net interest margin, and effective expense management.
Non-Interest Income Boost: The company benefited from the sale of an OREO property, which increased non-interest income and helped mitigate merger-related costs of $0.6 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
