Evans Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2023
October 26, 2023 at 04:26 pm EDT
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Evans Bancorp, Inc. reported earnings results for the third quarter ended September 30, 2023. For the third quarter, the company reported net interest income was USD 14.26 million compared to USD 19.19 million a year ago. Net income was USD 3.62 million compared to USD 5.86 million a year ago.
Diluted earnings per share from continuing operations was USD 0.66 compared to USD 1.06 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.