Last $23.18 USD
Change Today -0.052 / -0.22%
Volume 102.0
EVBN On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

evans bancorp inc (EVBN) Snapshot

Open
$23.18
Previous Close
$23.23
Day High
$23.18
Day Low
$23.18
52 Week High
01/23/14 - $24.87
52 Week Low
12/16/13 - $19.85
Market Cap
97.1M
Average Volume 10 Days
357.9
EPS TTM
$1.92
Shares Outstanding
4.2M
EX-Date
09/12/14
P/E TM
12.1x
Dividend
$0.68
Dividend Yield
2.80%
Current Stock Chart for EVANS BANCORP INC (EVBN)

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evans bancorp inc (EVBN) Details

Evans Bancorp, Inc. operates as the financial holding company for Evans Bank, N.A. that provides financial services to consumer, business, and municipal customers in Western New York. It operates in two segments, Banking Activities and Insurance Agency Activities. The company accepts various deposit products, including checking, savings, NOW accounts, certificates of deposit, and jumbo certificates of deposits. It also offers various loan products residential mortgages, commercial and multi-family mortgages, commercial construction loans, home equity lines of credit and second mortgage loans, commercial and industrial loans, direct automobile loans, recreational vehicle loans, boat loans, aircraft loans, home improvement loans, and personal loans, as well as overdrafts and loan clearing accounts. In addition, the company sells various premium-based insurance policies, including business and personal insurance, surety bonds, risk management, life, disability, and long-term care coverage; and provides claims adjusting services to various insurance companies, and annuities and mutual funds, as well as online banking systems, check imaging, item processing, and automated teller machine services. It operates 13 full-service banking offices in Erie County and Chautauqua County, New York. The company was founded in 1920 and is based in Hamburg, New York.

241 Employees
Last Reported Date: 03/3/14
Founded in 1920

evans bancorp inc (EVBN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $313.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $183.9K
Secretary, Director, Executive Vice President...
Total Annual Compensation: $244.7K
Compensation as of Fiscal Year 2013.

evans bancorp inc (EVBN) Key Developments

Evans Bancorp to Fight New York Attorney General on Mortgage Lending

Evans Bancorp announced that it will file a response by November 3 to allegations that it deliberately denied residential mortgage lending products and services to African-Americans on Buffalo's East Side. According to the lawsuit, filed September 2, the company created a map defining its lending area in Buffalo and surrounding communities that excluded the predominantly African-American neighborhoods on Buffalo's East Side. The lawsuit alleges the bank did not solicit customers or market its loan products outside of its lending area and did not locate branches or other facilities within the East Side neighborhood. The lawsuit requests a trial jury and calls for Evans to pay monetary damages and civil fines as well as attorneys' fees and other costs. Because it was filed in federal court, the two sides must attend mandatory mediation before the court process begins.

Evans Bancorp Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Evans Bancorp Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Evans Bancorp Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Evans Bancorp Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of $8,576,000 compared with $8,149,000 for the same period a year ago. Net interest income was $7,677,000 compared with $7,174,000 for the same period a year ago. Income before income taxes was $3,376,000 compared with $1,670,000 for the same period a year ago. Net income was $2,290,000 or $0.54 per common and diluted share compared with $2,449,000 or $0.58 per common and diluted share for the same period a year ago. Return on average total assets was 1.09% compared with 1.20% for the same period a year ago. Return on average total equity was 10.84% compared with 12.50% for the same period a year ago. For the nine months ended September 30, 2014, Evans recorded net income of $5.9 million, or $1.38 per diluted share, down from net income of $6.2 million, or $1.47 per diluted share, in the same period in 2013. The decrease was primarily due to litigation expense of $1.0 million ($0.6 million after tax), or approximately $0.14 per share, that was recorded in the 2014 second quarter. Excluding the litigation expense, net income for the nine months ending September 30, 2014 was $6.5 million or an increase of $0.3 million over the prior-year period. Year-to-date return on average equity was 9.51% compared with 10.65% for the same period in 2013.

 

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EVBN Competitors

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Industry Analysis

EVBN

Industry Average

Valuation EVBN Industry Range
Price/Earnings 13.1x
Price/Sales 2.4x
Price/Book 1.2x
Price/Cash Flow 12.9x
TEV/Sales 1.3x
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