Evans Bancorp, Inc. (EVBN)

Evans Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	109.92	87.45	70.56	72.96	64.75
Interest Income on Investments	-	9.4	8.92	4.63	4.08
Total Interest Income	109.92	96.85	79.48	77.58	68.83
Interest Paid on Deposits	50.95	26.48	3.59	2.86	7.72
Interest Paid on Borrowings	-	9.16	2.94	1.93	1.33
Total Interest Expense	50.95	35.64	6.53	4.8	9.05
Net Interest Income	58.97	61.21	72.96	72.79	59.78
Net Interest Income Growth (YoY)	-3.66%	-16.10%	0.23%	21.75%	14.84%
Gain (Loss) on Sale of Assets	-	20.16	-	-	-
Gain (Loss) on Sale of Investments	-0.48	-5.04	-	-0.03	-1.81
Other Non-Interest Income	5.93	15.03	16.32	16.31	15.56
Total Non-Interest Income	10.24	32.92	19.27	18.83	16.38
Non-Interest Income Growth (YoY)	-68.90%	70.84%	2.36%	14.93%	-8.83%
Revenues Before Loan Losses	69.21	94.13	92.23	91.61	76.16
Provision for Loan Losses	2.24	0.02	2.74	-1.51	5.35
Revenue	66.97	94.11	89.49	93.12	70.81
Revenue Growth (YoY)	-28.84%	5.17%	-3.91%	31.51%	1.24%
Salaries and Employee Benefits	30.64	36.37	37.85	37.87	32.41
Federal Deposit Insurance	1.32	1.4	1.03	1.13	1.09
Amortization of Goodwill & Intangibles	0.02	0.37	0.4	0.54	0.53
Selling, General & Administrative	14.81	15.92	15.4	15.84	14.79
Other Non-Interest Expense	4.25	5.03	5.07	5.63	2.93
Total Non-Interest Expense	51.03	59.38	59.94	61.2	52.05
EBT Excluding Unusual Items	15.94	34.73	29.55	31.93	18.77
Pretax Income	14.27	34.73	29.55	31.93	12.81
Income Tax Expense	2.31	10.21	7.16	7.88	1.56
Net Income	11.95	24.52	22.39	24.04	11.25
Net Income to Common	11.95	24.52	22.39	24.04	11.25
Net Income Growth	-51.26%	9.54%	-6.88%	113.79%	-33.90%
Basic Shares Outstanding	6	5	5	5	5
Diluted Shares Outstanding	6	5	6	6	5
Shares Change (YoY)	1.29%	-1.18%	0.63%	4.42%	6.05%
EPS (Basic)	2.16	4.49	4.07	4.41	2.15
EPS (Diluted)	2.16	4.48	4.04	4.37	2.13
EPS Growth	-51.85%	10.89%	-7.55%	105.16%	-37.72%
Dividend Per Share	1.320	1.320	1.260	1.200	1.160
Dividend Growth	0%	4.76%	5.00%	3.45%	11.54%
Effective Tax Rate	16.22%	29.39%	24.24%	24.69%	12.20%

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