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EFSI Eagle Financial Services

Eagle Financial Services Inc. (the “Company”) is a bank holding company that was incorporated in 1991. The company is headquartered in Berryville, Virginia and conducts its operations through its subsidiary, Bank of Clarke County (the “Bank”). The Bank is chartered under Virginia law. The Bank has twelve full-service branches and one drive-through only facility. The Bank’s main office is located at 2 East Main Street in Berryville, Virginia. The Bank opened for business on April 1, 1881. The Bank has offices located in Clarke County, Frederick County, and Loudoun County, as well as the Towns of Leesburg and Purcellville and the City of Winchester. This market area is located in the Shenandoah Valley and Northern Virginia.

Company profile

Ticker
EFSI
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
541601306

Calendar

30 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Mar 21 Rinker Douglas Clay Common Stock, $2.50 Par Value Grant Aquire A No No 31.8 300 9.54K 16,910.809
11 Mar 21 Rinker Douglas Clay Common Stock, $2.50 Par Value Grant Aquire A No No 31.36 1,239 38.86K 16,610.809
8 Mar 21 Hamberger Scott M Common Stock, $2.50 Par Value Sell Dispose S No No 30.38 200 6.08K 816
8 Mar 21 Hamberger Scott M Common Stock, $2.50 Par Value Sell Dispose S No No 30.35 470 14.26K 1,016
2 Mar 21 Milleson John R Common Stock, $2.50 Par Value Buy Aquire P No No 30.15 100 3.02K 130,923.096
19 Feb 21 Wilkins James R JR Common Stock, $2.50 Par Value Buy Aquire P No No 29 179 5.19K 183,793
18 Feb 21 Wilkins James R JR Common Stock, $2.50 Par Value Buy Aquire P No No 29 35 1.02K 183,614
4 Jan 21 Brandon Craig Lorey Common Stock, $2.50 Par Value Grant Aquire A No No 0 2,600 0 15,738

Financial report summary

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Risks
  • The ongoing COVID-19 pandemic and measures intended to prevent its spread may adversely affect our business, financial condition and operations; the extent of such impacts are highly uncertain and difficult to predict.
  • The Company’s operations may be adversely affected by cyber security risks.
  • Failure to keep pace with technological change could adversely affect our business.
  • The Company’s concentration in loans secured by real estate may increase its credit losses, which would negatively affect our financial results.
  • The Company’s success depends upon its ability to manage interest rate risk.
  • The Company’s success depends upon its ability to compete effectively in the banking industry.
  • The Company could be adversely affected by economic conditions in its market area.
  • The soundness of other financial institutions could adversely affect us.
  • The Company may not be able to successfully manage its growth or implement its growth strategy, which may adversely affect results of operations and financial condition.
  • The Company relies heavily on its senior management team and the unexpected loss of key officers could adversely affect operations.
  • Government measures to regulate the financial industry, including the Dodd-Frank Act, subject us to increased regulation and could adversely affect us.
  • The Bank is subject to more stringent capital and liquidity requirements as a result of the Basel III regulatory capital reforms and the Dodd-Frank Act.
  • There can be no assurances concerning continuing dividend payments.
  • The stock market can be volatile, and fluctuations in our operating results and other factors could cause our stock price to decline.
Management Discussion
  • Net income for 2020 was $11.2 million, an increase of $1.4 million or 14.48% from 2019’s net income of $9.8 million. Basic and diluted earnings per share were $3.27 and $2.84 for 2020 and 2019, respectively.
  • Return on average assets (ROA) measures how efficiently the Company uses its assets to produce net income. Some issues reflected within this efficiency include the Company’s asset mix, funding sources, pricing, fee generation, and cost control. The ROA of the Company, on an annualized basis, was 1.11%, 1.18%, and 1.16% for 2020, 2019, and 2018, respectively.
  • Return on average equity (ROE) measures the utilization of shareholders’ equity in generating net income. This measurement is affected by the same factors as ROA with consideration to how much of the Company’s assets are funded by the shareholders. The ROE for the Company was 11.03%, 10.60%, and 10.67% for 2020, 2019, and 2018, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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