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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

14 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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
29 Jul 21 Brandon Craig Lorey Common Stock, $2.50 Par Value Payment of exercise Dispose F No No 34 1,175 39.95K 19,788
1 Jul 21 Brandon Craig Lorey Common Stock, $2.50 Par Value Grant Aquire A No No 0 5,866 0 20,963
25 Jun 21 Deborah E Addo Common Stock, $2.50 Par Value Grant Aquire A No No 0 500 0 1,155
25 Jun 21 Thomas T BYRD Common Stock, $2.50 Par Value Grant Aquire A Yes No 0 500 0 61,469
25 Jun 21 Cary R Claytor Common Stock, $2.50 Par Value Grant Aquire A No No 0 500 0 2,506.144

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 the three months ended March 31, 2021 was $2.9 million, an increase of 17.2% or $421 thousand when compared to the same period in 2020.  Earnings per share, basic and diluted were $0.84 and $0.71 for the three months ended March 31, 2021 and 2020, 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, for the three months ended March 31, 2021 and 2020 was 1.02% and 1.10%, 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 shareholders. The ROE of the Company, on an annualized basis, for the three months ended March 31, 2021 and 2020 was 11.04% and 10.02%, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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