Evans Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 01, 2024 at 04:32 pm EST
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Evans Bancorp, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 61.21 million compared to USD 72.96 million a year ago. Net income was USD 24.52 million compared to USD 22.39 million a year ago.
Diluted earnings per share from continuing operations was USD 4.48 compared to USD 4.04 a year ago.
Evans Bancorp, Inc. is a financial holding company. The Company conducts its business through its two direct, wholly owned subsidiaries: Evans Bank, National Association (the Bank), and the Bankâs subsidiaries, Evans National Leasing, Inc. (ENL), and Evans National Holding Corp. (ENHC); and Evans National Financial Services, LLC (ENFS). The Company operates through banking activities segment. The banking activities segment includes both commercial and consumer banking services, including a range of lending and depository services, as well as offering non-deposit investment products, such as annuities and mutual funds. The Bank operates through approximately eight branches providing financial services to consumer, business and municipal customers throughout Western New York.