Evans Bancorp, Inc. (EVBN)

Evans Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	92.5	87.45	70.56	72.96	64.75	60.19
Interest Income on Investments	10.19	9.4	8.92	4.63	4.08	4.55
Total Interest Income	102.69	96.85	79.48	77.58	68.83	64.74
Interest Paid on Deposits	36.8	26.48	3.59	2.86	7.72	11.94
Interest Paid on Borrowings	9.46	9.16	2.94	1.93	1.33	0.75
Total Interest Expense	46.26	35.64	6.53	4.8	9.05	12.69
Net Interest Income	56.43	61.21	72.96	72.79	59.78	52.06
Net Interest Income Growth (YoY)	-20.98%	-16.10%	0.23%	21.75%	14.84%	8.21%
Gain (Loss) on Sale of Assets	20.16	20.16	-	-	-	-
Gain (Loss) on Sale of Investments	-5.04	-5.04	-	-0.03	-1.81	-0.16
Other Non-Interest Income	10.8	15.03	16.32	16.31	15.56	15.4
Total Non-Interest Income	28.78	32.92	19.27	18.83	16.38	17.97
Non-Interest Income Growth (YoY)	51.11%	70.84%	2.36%	14.93%	-8.83%	35.65%
Revenues Before Loan Losses	85.2	94.13	92.23	91.61	76.16	70.02
Provision for Loan Losses	1.35	0.02	2.74	-1.51	5.35	0.08
Revenue	83.85	94.11	89.49	93.12	70.81	69.95
Revenue Growth (YoY)	-5.75%	5.17%	-3.91%	31.51%	1.24%	16.68%
Salaries and Employee Benefits	33.39	36.37	37.85	37.87	32.41	28.89
Federal Deposit Insurance	1.33	1.4	1.03	1.13	1.09	0.43
Amortization of Goodwill & Intangibles	0.18	0.37	0.4	0.54	0.53	0.45
Selling, General & Administrative	15.97	15.92	15.4	15.84	14.79	12.83
Other Non-Interest Expense	5.04	5.03	5.07	5.63	2.93	4.67
Total Non-Interest Expense	56.19	59.38	59.94	61.2	52.05	47.47
EBT Excluding Unusual Items	27.66	34.73	29.55	31.93	18.77	22.47
Pretax Income	27.66	34.73	29.55	31.93	12.81	22.24
Income Tax Expense	8.59	10.21	7.16	7.88	1.56	5.23
Net Income	19.07	24.52	22.39	24.04	11.25	17.01
Net Income to Common	19.07	24.52	22.39	24.04	11.25	17.01
Net Income Growth	-15.76%	9.54%	-6.88%	113.79%	-33.90%	4.02%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	6	6	5	5
Shares Change (YoY)	-0.09%	-1.18%	0.63%	4.42%	6.05%	0.70%
EPS (Basic)	3.48	4.49	4.07	4.41	2.15	3.47
EPS (Diluted)	3.47	4.48	4.04	4.37	2.13	3.42
EPS Growth	-15.55%	10.89%	-7.55%	105.16%	-37.72%	3.01%
Dividend Per Share	1.320	1.320	1.260	1.200	1.160	1.040
Dividend Growth	1.54%	4.76%	5.00%	3.45%	11.54%	13.04%
Effective Tax Rate	31.05%	29.39%	24.24%	24.69%	12.20%	23.50%

Source: S&P Capital IQ. Banks template. Financial Sources.