PR Newswire·Oct 22, 2026, 4:10 PM ET

EAGLE FINANCIAL SERVICES, INC. ANNOUNCES 2026 THIRD QUARTER FINANCIAL RESULTS AND QUARTERLY DIVIDEND

EFSI

Eagle Financial Services, Inc. announced third quarter 2026 financial results with consolidated net income of $4.75 million and adjusted net income of $5.02 million.
The Board of Directors declared a quarterly cash dividend of $0.31 per share, payable on November 13, 2026, to shareholders of record on November 2, 2026.
A proposed strategic merger with John Marshall Bancorp, Inc. was announced to enhance scale, market presence, and shareholder value.
Net loans increased by $32.4 million (2.19%) to $1.51 billion, while deposits rose by $21.3 million (1.33%) to $1.62 billion.
Net interest margin improved to 3.95% from 3.86% in the prior quarter, driven by higher loan yields and reduced funding costs from FHLB advance payoffs.
Noninterest income decreased to $5.3 million due to the absence of a $3.5 million gain on the sale of Bearing Insurance Group recognized in the second quarter.
Noninterest expense increased to $16.1 million, primarily due to higher salaries, employee benefits, and $342,000 in merger-related expenses.
Provision for credit losses on loans was $1.3 million, a decrease from the prior quarter, resulting in net charge-offs of $1.0 million.
Total nonperforming assets declined to $16.0 million, while the allowance for credit losses as a percentage of loans stood at 1.21%.
Total consolidated assets reached $1.87 billion, with total shareholders' equity increasing to $195.3 million.
Earnings per share for the quarter were $0.88 on a GAAP basis and $0.93 on an adjusted non-GAAP basis.
The Company maintains a well-capitalized status with an efficiency ratio of 68.76% and liquid assets exceeding uninsured deposits by approximately $680 million.