Eagle Financial Services, Inc. (EFSI) 10-Year Financial Performance & Capital Metrics

EFSI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutEagle Financial Services, Inc. operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits. Its loan portfolio comprises one-to-four-family residential real estate, commercial real estate, construction and land development, and commercial and industrial loans, as well as secured and unsecured consumer loans, which include personal installment loans, personal lines of credit, automobile loans, and credit card loans. The company also offers personal and retirement plan services; investment services comprising tax-deferred annuities, IRAs and rollovers, mutual funds, retirement plans, college savings plans, life insurance, long term care insurance, fixed income investing, brokerage CDs, and full service or discount brokerage services; non-deposit investment products; and title insurance products. In addition, it provides ATM and debit cards; and telephone, internet, and mobile banking services, as well as other commercial deposit account services, such as ACH origination and remote deposit capture services. The company operates through twelve full-service branches, two loan production offices, one wealth management office, and one drive-through only facility, as well as 13 ATM locations in the Virginia communities of Berryville, Winchester, Boyce, Stephens City, Purcellville, Warrenton, Leesburg, Ashburn, and Fairfax. Eagle Financial Services, Inc. was founded in 1881 and is headquartered in Berryville, Virginia.Show more

Net Interest Income $51M +1.7%
Total Revenue $106M +10.4%
Net Income $15M +64.0%
Return on Equity 13.5% +51.5%
Net Interest Margin 2.71% -0.5%
Efficiency Ratio 41.9% -20.9%
ROA 0.83% +52.9%
Equity / Assets 6.38% +7.4%
Book Value per Share 33.48 +8.8%
Tangible BV/Share 33.48 +9.0%
Debt/Equity 1.26 -30.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 41.9% efficiency ratio
✓23 consecutive years of dividend growth
✓Healthy dividend yield of 3.0%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.16%

5Y20.62%

3Y26.23%

TTM-

Profit (Net Income) CAGR

10Y7.95%

5Y9.47%

3Y11.66%

TTM-61.2%

EPS CAGR

10Y7.63%

5Y8.75%

3Y10.52%

TTM-31.6%

ROCE

10Y Avg9.14%

5Y Avg8.11%

3Y Avg6.02%

Latest6.69%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	23.05M	24.64M	27.14M	29.35M	31.14M	35.55M	40.95M	49.1M	49.73M	50.6M
NII Growth %	0.01%	0.07%	0.1%	0.08%	0.06%	0.14%	0.15%	0.2%	0.01%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	24.39M	25.7M	28.29M	31.86M	35.38M	38.83M	42.63M	54.58M	82.57M	90.69M
Interest Expense	1.35M	1.07M	1.15M	2.52M	4.24M	3.28M	1.68M	5.47M	32.84M	40.09M
Loan Loss Provision	-227K	-188K	-625K	777K	629K	1.46M	1.48M	1.83M	1.65M	2.55M
Non-Interest Income+	5.36M	5.77M	6.04M	5.16M	6.11M	7.78M	10.03M	12.15M	13.35M	15.23M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	29.75M	31.47M	34.33M	37.03M	41.49M	46.62M	52.66M	66.73M	95.92M	105.92M
Revenue Growth %	-0.03%	0.06%	0.09%	0.08%	0.12%	0.12%	0.13%	0.27%	0.44%	0.1%
Non-Interest Expense	19.3M	21.67M	22.39M	23.42M	25.05M	28.57M	36.71M	41.76M	50.8M	44.38M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.33M	8.92M	11.41M	10.31M	11.57M	13.31M	12.79M	17.67M	10.63M	18.9M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.01%	-0.04%	0.28%	-0.1%	0.12%	0.15%	-0.04%	0.38%	-0.4%	0.78%
Pretax Income+	9.33M	8.92M	11.41M	10.31M	11.57M	13.31M	12.79M	17.67M	10.63M	18.9M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.43M	2.55M	3.63M	1.31M	1.81M	2.14M	1.77M	3.15M	1.28M	3.56M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.9M	6.37M	7.79M	9M	9.76M	11.17M	11.02M	14.52M	9.36M	15.34M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	-0.08%	0.22%	0.16%	0.08%	0.14%	-0.01%	0.32%	-0.36%	0.64%
Net Income (Continuing)	6.9M	6.37M	7.79M	9M	9.76M	11.17M	11.02M	14.52M	9.36M	15.34M
EPS (Diluted)+	1.97	1.81	2.24	2.60	2.84	3.27	3.20	4.17	2.66	4.32
EPS Growth %	-0.05%	-0.08%	0.24%	0.16%	0.09%	0.15%	-0.02%	0.3%	-0.36%	0.62%
EPS (Basic)	1.97	1.81	2.24	2.60	2.84	3.27	3.20	4.17	2.66	4.32
Diluted Shares Outstanding	3.5M	3.52M	3.48M	3.46M	3.44M	3.42M	3.44M	3.48M	3.52M	3.55M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	23.22M	35.13M	32.67M	18.35M	33.41M	79.7M	63.84M	66.53M	112.07M	175.72M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	994K
Total Investments+	596.44M	631.7M	696.97M	745.67M	804.79M	994.19M	1.17B	1.46B	1.59B	1.58B
Investments Growth %	0.07%	0.06%	0.1%	0.07%	0.08%	0.24%	0.18%	0.25%	0.09%	-0.01%
Long-Term Investments	490.61M	512.44M	564.41M	601.37M	639.79M	829.24M	977.81M	1.31B	1.45B	1.58B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	684K	153K	0
PP&E (Net)	20.96M	20.17M	19.58M	19.08M	19.3M	18.73M	18.25M	18.06M	18.11M	14.34M
Other Assets	12.65M	13.16M	16.53M	16.51M	19.83M	37.54M	50.82M	70.25M	107.97M	100.14M
Total Current Assets	129.04M	154.54M	165.24M	162.65M	199.61M	244.65M	256.16M	216.05M	249.51M	176.72M
Total Non-Current Assets	524.23M	545.61M	597.34M	636.97M	678.91M	885.5M	1.05B	1.4B	1.58B	1.69B
Total Assets+	651.65M	700.15M	765.75M	799.62M	877.32M	1.13B	1.3B	1.62B	1.83B	1.87B
Asset Growth %	0.04%	0.07%	0.09%	0.04%	0.1%	0.29%	0.15%	0.24%	0.13%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	20M	0	0	1.87M	3.68M	4.11M	0	237.36M	194.44M	149.51M
Net Debt	-3.22M	-35.13M	-32.67M	-16.48M	-29.73M	-75.58M	-63.84M	170.83M	82.38M	-26.21M
Long-Term Debt	20M	0	0	0	0	0	0	204.38M	174.44M	124.51M
Short-Term Debt	0	0	0	1.87M	0	0	0	32.98M	20M	25M
Other Liabilities	4.33M	16.86M	18.52M	7.04M	5.77M	7.87M	15.52M	13.56M	16.45M	22.56M
Total Current Liabilities	550.72M	603.88M	663.41M	704.98M	771.54M	1.01B	1.18B	1.3B	1.53B	1.6B
Total Non-Current Liabilities	24.33M	16.86M	18.52M	7.04M	9.45M	11.98M	15.52M	217.93M	190.9M	147.07M
Total Liabilities	573.43M	620.73M	681.93M	712.02M	780.99M	1.03B	1.19B	1.51B	1.72B	1.75B
Total Equity+	78.22M	79.42M	83.82M	87.6M	96.33M	105.07M	110.28M	101.73M	108.38M	118.99M
Equity Growth %	0.07%	0.02%	0.06%	0.05%	0.1%	0.09%	0.05%	-0.08%	0.07%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.08%	0.1%	0.11%	0.11%	0.11%	0.1%	0.14%	0.09%	0.13%
Book Value per Share	22.34	22.57	24.11	25.30	28.01	30.75	32.06	29.21	30.76	33.48
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	8.76M	8.63M	8.59M	8.57M	8.53M	8.46M	8.56M	8.63M	8.66M	8.71M
Additional Paid-in Capital	13.73M	12.64M	12.07M	11.99M	11.41M	10.81M	12.12M	13.27M	14.28M	14.9M
Retained Earnings	54.68M	58.16M	62.9M	68.59M	74.91M	82.52M	89.76M	100.28M	103.44M	114.01M
Accumulated OCI	1.05M	-24K	310K	-1.55M	1.48M	3.28M	-155K	-20.45M	-18.01M	-18.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.16M	9.7M	9.37M	-1.52M	11.35M	11.01M	16.46M	13.81M	6.88M	18.76M
Operating CF Growth %	-0.02%	0.35%	-0.03%	-1.16%	8.45%	-0.03%	0.5%	-0.16%	-0.5%	1.73%
Net Income	6.9M	6.37M	7.79M	9M	9.76M	11.17M	11.02M	14.52M	9.36M	15.34M
Depreciation & Amortization	1.04M	1.12M	946K	925K	1.31M	1.03M	996K	979K	1M	979K
Deferred Taxes	432K	207K	532K	-399K	516K	-471K	-1.44M	-86K	-1.51M	600K
Other Non-Cash Items	-2.1M	48K	45K	2.31M	1.48M	1.53M	1.15M	2.83M	60K	-3.2M
Working Capital Changes	564K	1.64M	-324K	-13.88M	-2.28M	-2.86M	3.88M	-5.45M	-3.25M	4.13M
Cash from Investing+	-38.74M	-26.38M	-64.29M	-53.66M	-57.98M	-201.47M	-193.22M	-331.34M	-130.28M	16.75M
Purchase of Investments	-33.45M	-40.42M	-43.8M	-36.53M	-54.31M	-78.44M	-100.82M	-26.82M	0	-4.98M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-23.43M	-20.6M	-51.12M	-38.67M	-39.31M	-203.26M	-159.77M	-346.68M	-197.67M	2.7M
Cash from Financing+	20.23M	28.74M	55.49M	37.69M	61.94M	236.73M	160.91M	320.35M	194.87M	19.3M
Dividends Paid	-2.06M	-2.35M	-2.65M	-2.78M	-3M	-3.2M	-3.26M	-3.81M	-4.23M	-4.3M
Share Repurchases	0	-2.14M	-1.56M	-1.26M	-1.77M	-1.85M	-149K	-154K	-302K	-237K
Stock Issued	187K	81K	166K	163K	138K	227K	179K	164K	132K	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	0	0	0	0	0	1000K	-1000K	-1000K
Other Financing	46.9M	53.16M	59.54M	41.56M	66.57M	241.55M	164.14M	119.82M	209.27M	68.83M
Net Change in Cash+	-11.34M	12.06M	567K	-17.5M	15.31M	46.26M	-15.85M	2.83M	71.46M	54.81M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	34.56M	23.22M	35.28M	35.85M	18.35M	33.66M	79.92M	64.07M	66.89M	138.35M
Cash at End	23.22M	35.28M	35.85M	18.35M	33.66M	79.92M	64.07M	66.89M	138.35M	193.16M
Interest Paid	1.44M	0	1.14M	2.46M	0	3.35M	1.68M	4.56M	31.33M	40.14M
Income Taxes Paid	583K	0	2.74M	2.16M	0	2.62M	2.82M	4.37M	2.07M	80K
Free Cash Flow+	4.29M	9.44M	9M	-1.96M	10.03M	10.55M	15.94M	12.98M	5.8M	17.74M
FCF Growth %	-0.01%	1.2%	-0.05%	-1.22%	6.13%	0.05%	0.51%	-0.19%	-0.55%	2.06%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.11%	8.08%	9.54%	10.5%	10.61%	11.09%	10.24%	13.7%	8.91%	13.5%
Return on Assets (ROA)	1.08%	0.94%	1.06%	1.15%	1.16%	1.11%	0.91%	0.99%	0.54%	0.83%
Net Interest Margin	3.54%	3.52%	3.54%	3.67%	3.55%	3.15%	3.14%	3.04%	2.72%	2.71%
Efficiency Ratio	64.88%	68.85%	65.21%	63.25%	60.39%	61.29%	69.72%	62.57%	52.96%	41.9%
Equity / Assets	12%	11.34%	10.95%	10.96%	10.98%	9.3%	8.46%	6.29%	5.94%	6.38%
Book Value / Share	22.34	22.57	24.11	25.3	28.01	30.75	32.06	29.21	30.76	33.48
NII Growth	1.46%	6.9%	10.14%	8.16%	6.12%	14.15%	15.2%	19.9%	1.28%	1.74%
Dividend Payout	29.93%	36.95%	34.06%	30.84%	30.7%	28.63%	29.59%	26.22%	45.2%	28.02%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Asset Management	1.36M	1.38M	1.4M	1.89M	3.1M	3.87M	4.33M
Asset Management Growth	-	1.47%	1.30%	35.26%	63.67%	25.07%	11.93%
Interchange Fees	361K	380K	372K	227K	366K	449K	3.4M
Interchange Fees Growth	-	5.26%	-2.11%	-38.98%	61.23%	22.68%	657.68%
Overdrawn Account Fees	995K	961K	695K	853K	1.19M	1.4M	1.5M
Overdrawn Account Fees Growth	-	-3.42%	-27.68%	22.73%	39.98%	17.17%	7.22%
Brokerage Commissions	-	1.15M	916K	1.16M	1.05M	1.05M	1.29M
Brokerage Commissions Growth	-	-	-20.35%	27.07%	-9.45%	0.09%	22.37%
Monthlyand Other Service Fees	-	-	225K	234K	424K	411K	436K
Monthlyand Other Service Fees Growth	-	-	-	4.00%	81.20%	-3.07%	6.08%
Other Chargesand Fees	-	-	460K	611K	471K	572K	416K
Other Chargesand Fees Growth	-	-	-	32.83%	-22.91%	21.44%	-27.27%
A T M Fees	-	-	2.58M	3.01M	3.1M	3.39M	361K
A T M Fees Growth	-	-	-	16.91%	2.95%	9.31%	-89.36%
Secondary Market Fee Member	-	-	431K	236K	-	-	-
Secondary Market Fee Member Growth	-	-	-	-45.24%	-	-	-
ATM Fees	2.24M	2.43M	-	-	-	-	-
ATM Fees Growth	-	8.53%	-	-	-	-	-
Secondary Market Fee	-	486K	-	-	-	-	-
Secondary Market Fee Growth	-	-	-	-	-	-	-
Other Charges and Fees	671K	412K	-	-	-	-	-
Other Charges and Fees Growth	-	-38.60%	-	-	-	-	-
Monthly and Other Service Fees	223K	226K	-	-	-	-	-
Monthly and Other Service Fees Growth	-	1.35%	-	-	-	-	-
Product and Service, Other	153K	212K	-	-	-	-	-
Product and Service, Other Growth	-	38.56%	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
All Other	-	-	-	-	3.08M	-1.42M	-
All Other Growth	-	-	-	-	-	-145.98%	-

Frequently Asked Questions

Valuation & Price

Eagle Financial Services, Inc. (EFSI) has a price-to-earnings (P/E) ratio of 9.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Eagle Financial Services, Inc. (EFSI) grew revenue by 10.4% over the past year. This is steady growth.

Yes, Eagle Financial Services, Inc. (EFSI) is profitable, generating $4.5M in net income for fiscal year 2024 (14.5% net margin).

Dividend & Returns

Yes, Eagle Financial Services, Inc. (EFSI) pays a dividend with a yield of 3.02%. This makes it attractive for income-focused investors.

Eagle Financial Services, Inc. (EFSI) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.

Industry Metrics

Eagle Financial Services, Inc. (EFSI) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Eagle Financial Services, Inc. (EFSI) has an efficiency ratio of 41.9%. This is excellent, indicating strong cost control.

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