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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	95.96	87.45	70.56	72.96	64.75	60.19
Interest Income on Investments	11.14	9.4	8.92	4.63	4.08	4.55
Total Interest Income	107.09	96.85	79.48	77.58	68.83	64.74
Interest Paid on Deposits	40.75	26.48	3.59	2.86	7.72	11.94
Interest Paid on Borrowings	9.13	9.16	2.94	1.93	1.33	0.75
Total Interest Expense	49.88	35.64	6.53	4.8	9.05	12.69
Net Interest Income	57.22	61.21	72.96	72.79	59.78	52.06
Net Interest Income Growth (YoY)	-13.93%	-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	7.6	15.03	16.32	16.31	15.56	15.4
Total Non-Interest Income	26.21	32.92	19.27	18.83	16.38	17.97
Non-Interest Income Growth (YoY)	39.19%	70.84%	2.36%	14.93%	-8.83%	35.65%
Revenues Before Loan Losses	83.43	94.13	92.23	91.61	76.16	70.02
Provision for Loan Losses	1.42	0.02	2.74	-1.51	5.35	0.08
Revenue	82.01	94.11	89.49	93.12	70.81	69.95
Revenue Growth (YoY)	-3.11%	5.17%	-3.91%	31.51%	1.24%	16.68%
Salaries and Employee Benefits	32.14	36.37	37.85	37.87	32.41	28.89
Federal Deposit Insurance	1.32	1.4	1.03	1.13	1.09	0.43
Amortization of Goodwill & Intangibles	0.08	0.37	0.4	0.54	0.53	0.45
Selling, General & Administrative	16.01	15.92	15.4	15.84	14.79	12.83
Other Non-Interest Expense	4.93	5.03	5.07	5.63	2.93	4.67
Total Non-Interest Expense	54.77	59.38	59.94	61.2	52.05	47.47
EBT Excluding Unusual Items	27.24	34.73	29.55	31.93	18.77	22.47
Pretax Income	26.64	34.73	29.55	31.93	12.81	22.24
Income Tax Expense	8.25	10.21	7.16	7.88	1.56	5.23
Net Income	18.4	24.52	22.39	24.04	11.25	17.01
Net Income to Common	18.4	24.52	22.39	24.04	11.25	17.01
Net Income Growth	-9.79%	9.54%	-6.88%	113.79%	-33.90%	4.02%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	6	5	6	6	5	5
Shares Change (YoY)	0.41%	-1.18%	0.63%	4.42%	6.05%	0.70%
EPS (Basic)	3.35	4.49	4.07	4.41	2.15	3.47
EPS (Diluted)	3.34	4.48	4.04	4.37	2.13	3.42
EPS Growth	-10.04%	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	0%	4.76%	5.00%	3.45%	11.54%	13.04%
Effective Tax Rate	30.95%	29.39%	24.24%	24.69%	12.20%	23.50%

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