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Last Updated

2021/05/15 22:51 UTC

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Company Financials +

Executive Summary

Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. More Details

Snowflake Analysis

Excellent balance sheet average dividend payer.

Similar Companies

Share Price & News

How has Evans Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: EVBN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EVBN's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: EVBN underperformed the US Banks industry which returned 99% over the past year.

Return vs Market: EVBN exceeded the US Market which returned 50.5% over the past year.

Shareholder returns

7 Day3.0%1.0%-1.7%
30 Day5.8%7.9%-1.2%
90 Day27.4%21.2%0.4%
1 Year64.1%57.3%105.1%99.1%53.3%50.8%
3 Year-13.2%-21.5%31.9%20.6%61.5%51.4%
5 Year81.4%56.9%115.1%88.0%125.9%100.7%

Long-Term Price Volatility Vs. Market

How volatile is Evans Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Evans Bancorp undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EVBN ($36.86) is trading below our estimate of fair value ($40.46)

Significantly Below Fair Value: EVBN is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: EVBN is poor value based on its PE Ratio (12.4x) compared to the US Banks industry average (12.1x).

PE vs Market: EVBN is good value based on its PE Ratio (12.4x) compared to the US market (19.9x).

Price to Earnings Growth Ratio

PEG Ratio: EVBN is poor value based on its PEG Ratio (1.7x)

Price to Book Ratio

PB vs Industry: EVBN's PB Ratio (1.2x) is in line with the US Banks industry average.

Future Growth

How is Evans Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVBN's forecast earnings growth (7.3% per year) is above the savings rate (2%).

Earnings vs Market: EVBN's earnings (7.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: EVBN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EVBN's revenue (3.5% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: EVBN's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if EVBN's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Evans Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EVBN has a large one-off loss of $5.5M impacting its March 31 2021 financial results.

Growing Profit Margin: EVBN's current net profit margins (19.8%) are lower than last year (20.8%).

Past Earnings Growth Analysis

Earnings Trend: EVBN's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: EVBN's earnings growth over the past year (17.8%) exceeds its 5-year average (10.7% per year).

Earnings vs Industry: EVBN earnings growth over the past year (17.8%) underperformed the Banks industry 18%.

Return on Equity

High ROE: EVBN's Return on Equity (9.5%) is considered low.

Financial Health

How is Evans Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: EVBN's Assets to Equity ratio (12.8x) is moderate.

Allowance for Bad Loans: EVBN has a low allowance for bad loans (71%).

Low Risk Liabilities: 95% of EVBN's liabilities are made up of primarily low risk sources of funding.

Loan Level: EVBN has an appropriate level of Loans to Assets ratio (81%).

Low Risk Deposits: EVBN's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: EVBN has an appropriate level of bad loans (1.7%).


What is Evans Bancorp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EVBN's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: EVBN's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (3.42%).

Stability and Growth of Payments

Stable Dividend: EVBN's dividends per share have been stable in the past 10 years.

Growing Dividend: EVBN's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.7%), EVBN's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


David Nasca (62 yo)





Mr. David John Nasca has been the Chief Executive Officer of Evans BanCorp, Inc. and Evans Bank NA (Evans Bank, National Association) since April 1, 2007 and its Chief Financial Officer since November 5, 2...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD986.16K) is about average for companies of similar size in the US market ($USD1.06M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: EVBN's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Experienced Board: EVBN's board of directors are considered experienced (7.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Evans Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Evans Bancorp, Inc.
  • Ticker: EVBN
  • Exchange: NYSEAM
  • Founded: 1920
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$198.518m
  • Shares outstanding: 5.39m
  • Website:

Number of Employees


  • Evans Bancorp, Inc.
  • 6460 Main Street
  • Williamsville
  • New York
  • 14221
  • United States



Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/15 22:51
End of Day Share Price2021/05/14 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.