Eagle Financial Services | 8-K: FY2025 Q2 EPS: USD 0.98

EPS: As of FY2025 Q2, the actual value is USD 0.98.

EBIT: As of FY2025 Q2, the actual value is USD 6.548 M.

Net Income

• Consolidated net income for the quarter ended June 30, 2025 was $5.3 million, compared to - $7.0 million for the quarter ended March 31, 2025, and $3.2 million for the quarter ended June 30, 2024.

Noninterest Income

• Consolidated noninterest income for the quarter ended June 30, 2025 was $4.9 million, compared to - $8.6 million for the quarter ended March 31, 2025, and $4.3 million for the quarter ended June 30, 2024.

Return on Equity and Assets

• Annualized return on average equity was 11.93% for the quarter ended June 30, 2025, compared to - 20.75% for the quarter ended March 31, 2025, and 11.89% for the quarter ended June 30, 2024.
• Annualized return on average assets was 1.09% for the quarter ended June 30, 2025, compared to - 1.48% for the quarter ended March 31, 2025, and 0.72% for the quarter ended June 30, 2024.

Net Interest Margin

• Net interest margin was 3.42% for the quarter ended June 30, 2025, compared to 2.98% for the quarter ended March 31, 2025, and 2.92% for the quarter ended June 30, 2024.

Efficiency Ratio

• Efficiency ratio decreased from 72.20% to 64.91% during the quarter ended June 30, 2025.

Loan and Deposit Growth

• Total net loans decreased $14.3 million from $1.44 billion at March 31, 2025 to $1.42 billion at June 30, 2025.
• Total deposits increased to $1.77 billion as of June 30, 2025, compared to $1.61 billion at March 31, 2025, and $1.49 billion at June 30, 2024.

Asset Quality

• Nonperforming assets increased from $16.4 million or 0.86% of total assets at March 31, 2025 to $17.5 million or 0.86% of total assets at June 30, 2025.

Outlook

• The company expects continued transition from higher-cost borrowings to lower-cost deposits to strengthen its funding profile and position for long-term balance sheet efficiency.
• The strategic repositioning of the securities portfolio contributed to a 44-basis point expansion in net interest margin.
• The company is working to retain large deposits from sales proceeds of two customer’s businesses long-term, but is currently unsure what portion of the funds will remain at the Bank and for how long.