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Evans Bancorp

AMEX:EVBN
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVBN
AMEX
$173M
Market Cap
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Last updated 2019/07/15 23:37
Company description

Evans Bancorp, Inc. operates as the financial holding company for Evans Bank, N.A. The last earnings update was 74 days ago. More info.

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EVBN Share Price and Events
7 Day Returns
-0.1%
AMEX:EVBN
0.3%
US Banks
0.8%
US Market
1 Year Returns
-22.7%
AMEX:EVBN
-2.5%
US Banks
4.8%
US Market
EVBN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evans Bancorp (EVBN) -0.1% 2.1% -0.4% -22.7% 42.3% 52.9%
US Banks 0.3% 4% 2.2% -2.5% 47.8% 48.2%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • EVBN underperformed the Banks industry which returned -2.5% over the past year.
  • EVBN underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
EVBN
Industry
5yr Volatility vs Market

Value

 Is Evans Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evans Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evans Bancorp.

AMEX:EVBN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $31.10 * 8.9% 		$2.77
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $31.10
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:EVBN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (16.38%)) 		0.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) 		7.5%

Discounted Cash Flow Calculation for AMEX:EVBN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Evans Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:EVBN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 7.5%) * $31.10) 		$0.44
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.44 / (7.5% - 2.73%) 		$9.26
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.10 + $9.26 		$40.36
AMEX:EVBN Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.36
Current discount Discount to share price of $35.78
= -1 x ($35.78 - $40.36) / $40.36 		11.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Evans Bancorp is available for.
Intrinsic value
11%
Share price is $35.78 vs Future cash flow value of $40.36
Current Discount Checks
For Evans Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evans Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Evans Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evans Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evans Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:EVBN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.47
AMEX:EVBN Share Price ** AMEX (2019-07-15) in USD $35.78
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.88x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evans Bancorp.

AMEX:EVBN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:EVBN Share Price ÷ EPS (both in USD)

= 35.78 ÷ 3.47

 10.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evans Bancorp is good value based on earnings compared to the US Banks industry average.
  • Evans Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Evans Bancorp's expected growth come at a high price?
Raw Data
AMEX:EVBN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 6.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

AMEX:EVBN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.32x ÷ 6.3%

 1.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evans Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evans Bancorp's assets?
Raw Data
AMEX:EVBN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.74
AMEX:EVBN Share Price * AMEX (2019-07-15) in USD $35.78
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
AMEX:EVBN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:EVBN Share Price ÷ Book Value per Share (both in USD)

= 35.78 ÷ 27.74

 1.29x

* Primary Listing of Evans Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evans Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Evans Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. Evans Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evans Bancorp expected to grow at an attractive rate?
  • Evans Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Evans Bancorp's earnings growth is positive but not above the United States of America market average.
  • Evans Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:EVBN Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:EVBN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.3%
AMEX:EVBN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:EVBN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:EVBN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 73 18 2
2019-12-31 69 16 2
AMEX:EVBN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 62 25 17
2018-12-31 60 25 16
2018-09-30 57 18 13
2018-06-30 55 18 12
2018-03-31 52 15 11
2017-12-31 51 13 10
2017-09-30 52 16 12
2017-06-30 48 11 10
2017-03-31 46 11 10
2016-12-31 43 12 8
2016-09-30 43 7 8
2016-06-30 43 10 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evans Bancorp's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Evans Bancorp's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:EVBN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Evans Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVBN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.70 3.77 3.63 2.00
2019-12-31 3.33 3.34 3.31 2.00
AMEX:EVBN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.47
2018-12-31 3.40
2018-09-30 2.69
2018-06-30 2.47
2018-03-31 2.23
2017-12-31 2.21
2017-09-30 2.56
2017-06-30 2.30
2017-03-31 2.22
2016-12-31 1.93
2016-09-30 1.80
2016-06-30 1.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Evans Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Evans Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evans Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Evans Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evans Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evans Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Evans Bancorp's 1-year earnings growth exceeds its 5-year average (57.3% vs 15.1%)
  • Evans Bancorp's earnings growth has exceeded the US Banks industry average in the past year (57.3% vs 40.7%).
Earnings and Revenue History
Evans Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evans Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVBN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 61.64 16.76 38.51
2018-12-31 59.95 16.36 37.63
2018-09-30 56.99 12.90 36.74
2018-06-30 55.34 11.83 35.77
2018-03-31 52.31 10.65 34.79
2017-12-31 51.44 10.48 33.68
2017-09-30 51.76 11.83 32.82
2017-06-30 48.22 10.32 31.59
2017-03-31 45.73 9.70 30.89
2016-12-31 43.17 8.27 30.39
2016-09-30 43.26 7.69 29.91
2016-06-30 43.13 7.98 29.65
2016-03-31 44.17 7.65 28.97
2015-12-31 43.57 7.84 28.59
2015-09-30 43.20 8.40 27.10
2015-06-30 42.79 8.18 26.30
2015-03-31 42.65 8.08 25.60
2014-12-31 40.14 8.19 25.61
2014-09-30 40.53 7.55 25.58
2014-06-30 40.25 7.71 25.61
2014-03-31 39.82 8.05 25.30
2013-12-31 39.81 7.86 24.80
2013-09-30 40.91 8.31 24.19
2013-06-30 40.49 8.00 24.10
2013-03-31 39.97 7.57 24.21
2012-12-31 40.67 8.13 23.48
2012-09-30 39.08 7.35 23.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evans Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Evans Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Evans Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Show me more strong past performing companies in the Banks industry
X
Past performance checks
We assess Evans Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evans Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Evans Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evans Bancorp Company Filings, last reported 3 months ago.

AMEX:EVBN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 134.44 23.81 68.52
2018-12-31 131.65 24.47 39.92
2018-09-30 125.66 24.31 28.12
2018-06-30 123.58 25.35 16.77
2018-03-31 119.87 83.11 20.44
2017-12-31 118.34 108.87 21.33
2017-09-30 117.49 54.31 18.06
2017-06-30 115.56 35.41 15.65
2017-03-31 112.63 33.01 30.24
2016-12-31 96.75 49.69 13.08
2016-09-30 95.20 74.14 19.23
2016-06-30 94.79 41.84 11.53
2016-03-31 92.16 34.22 33.39
2015-12-31 91.26 32.15 22.62
2015-09-30 89.67 32.64 40.42
2015-06-30 88.20 32.34 48.57
2015-03-31 86.70 22.00 60.69
2014-12-31 85.79 38.81 10.90
2014-09-30 83.97 34.98 12.22
2014-06-30 82.95 30.45 20.43
2014-03-31 80.52 31.70 46.85
2013-12-31 80.71 33.68 41.95
2013-09-30 78.64 34.51 63.44
2013-06-30 77.29 34.87 72.58
2013-03-31 76.50 37.11 100.60
2012-12-31 74.83 42.44 90.48
2012-09-30 73.98 39.41 64.98
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Evans Bancorp has an acceptable proportion of non-loan assets held.
  • Evans Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Evans Bancorp are broadly funded by customer deposits.
  • Evans Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Evans Bancorp has a low allowance for bad loans.
  • Evans Bancorp has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess Evans Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Evans Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.91%
Current annual income from Evans Bancorp dividends. Estimated to be 2.93% next year.
If you bought $2,000 of Evans Bancorp shares you are expected to receive $58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evans Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Evans Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:EVBN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:EVBN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.06 2.00
2019-12-31 1.04 2.00
AMEX:EVBN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 1.040 2.907
2019-01-31 0.920 2.610
2018-08-09 0.920 2.259
2018-08-01 0.920 1.949
2018-02-20 0.920 2.006
2018-02-01 0.800 1.916
2017-08-16 0.800 1.893
2017-08-03 0.800 1.954
2017-02-22 0.800 2.032
2017-02-06 0.760 1.940
2016-08-17 0.760 2.517
2016-08-04 0.760 2.969
2016-02-17 0.760 3.086
2016-02-04 0.720 2.933
2015-08-19 0.720 2.951
2015-08-03 0.720 3.117
2015-02-18 0.720 2.973
2015-02-05 0.680 2.820
2014-08-20 0.680 2.894
2014-08-05 0.620 2.658
2014-05-02 0.620 2.689
2014-04-28 0.620 2.731
2014-03-03 0.520 2.278
2014-02-06 0.520 2.308
2013-09-03 0.520 2.496
2013-08-02 0.480 2.542
2012-12-12 0.480 2.764
2012-08-27 0.440 2.752
2012-08-03 0.440 2.819
2012-02-22 0.440 2.876
2012-02-09 0.400 2.910
2011-08-22 0.400 3.315
2011-08-05 0.400 3.019
2011-02-18 0.400 2.863
2011-02-10 0.400 2.790
2010-08-17 0.400 2.907
2010-08-04 0.400 3.100
2010-03-17 0.400 2.967
2010-03-05 0.610 3.976
2010-02-11 0.610 4.501
2009-09-01 0.400 3.353
2009-08-14 0.820 6.556
2009-08-13 0.820 6.363
2009-05-13 0.820 6.165
2009-04-22 0.820 6.022
2009-03-16 0.820 6.556
2009-02-05 0.820 6.879
2008-08-29 0.820 5.212
2008-08-13 0.740 4.560
2008-07-30 0.740 4.855

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Evans Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Show me more dividend paying companies in the Banks industry
X
Income/ dividend checks
We assess Evans Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evans Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Evans Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Evans Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Nasca
COMPENSATION $1,098,652
AGE 61
TENURE AS CEO 12.3 years
CEO Bio

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, 2015. Mr. Nasca has been the President of Evans BanCorp. Inc., and Evans Bank NA since December 1, 2006. He has 30 years of experience in the Western New York financial services and banking community. He served as an Executive Vice President of Strategic Initiatives of First Niagara Financial Group ("First Niagara") since June 2004 to July 2005, where he was integrally involved in the development of the strategic plans for the organization, implementation of First Niagara's merger and acquisition efforts and management of its enterprise-wide risk management program. He served as the Chief Operating Officer of LifeStage, LLC, a health care services startup company, from October 2005 to August 2006. Mr. Nasca served as an Executive Vice President of Consumer Banking of First Niagara Financial Group Inc. from June 2002 to May 2004 and its Regional Executive of Central New York from June 2002 to June 2004. From October 2000 to June 2002, Mr. Nasca served as President and CEO of Iroquois Financial, Inc. and Cayuga Bank which were wholly owned by First Niagara Financial Group. From 1994 to 2000, he served as Senior Vice President and Treasurer of First Niagara Bank. He served as the Chair from 2011 to 2012 and Vice-Chair from 2010 to 2011 of the New York Bankers Association Service Corporation. Mr. Nasca served as Chair of Catholic Charities' Annual Diocesan Appeal in 2011 and 2010 Corporate Campaign Chair. He has been a Director of Federal Home Loan Bank of New York since January 1, 2015. He has been a Member of the Board of Directors of the New York Business Development Corporation since 2012. He has extensive community involvement as a Board Member of the Buffalo Niagara Partnership. He serves as a Director of Cayuga Bank, Excellus Health Plan, Inc. and Evans Bank, National Association. He has been a Director of Evans BanCorp. Inc., and Evans Bank NA since September 1, 2006. He has been a Director of Lifetime Healthcare, Inc. since April 2014. He serves as a Member of the Board of Directors of Brothers of Mercy. He serves as a Member of the Advisory Board of Univera Healthcare, Inc. He serves as a Member of the Board of Directors of the Independent Bankers Association of New York State and served as President from 2012 to 2013. He is also active at Canisius College on the Richard J. Wehle School of Business Advisory Board. Mr. Nasca obtained his M.B.A. in Finance from State University of New York at Buffalo and a B.S. in Management/Marketing from Canisius College, also located in Buffalo, New York.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in United States of America.
Management Team

David Nasca

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
61
TENURE
12.3 yrs

John Connerton

TITLE
Principal Financial Officer
COMPENSATION
$390K
AGE
52
TENURE
3.7 yrs

Mickey Baumgarden

TITLE
Secretary

Nick Snyder

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Evans Bancorp board of directors in years:

6.9
Average Tenure
61
Average Age
  • The tenure for the Evans Bancorp board of directors is about average.
Board of Directors

Lee Wortham

TITLE
Chairman of the Board
COMPENSATION
$66K
AGE
61
TENURE
1.3 yrs

David Nasca

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
61
TENURE
12.8 yrs

Ollie Sommer

TITLE
Vice Chairman of the Board
COMPENSATION
$45K
AGE
51
TENURE
1.3 yrs

Thomas Waring

TITLE
Director
COMPENSATION
$33K
AGE
61
TENURE
21.5 yrs

Mike Rogers

TITLE
Director
COMPENSATION
$44K
AGE
62
TENURE
8 yrs

David Pfalzgraf

TITLE
Director
COMPENSATION
$33K
AGE
49
TENURE
5.2 yrs

Bob Miller

TITLE
Director
COMPENSATION
$2M
AGE
62
TENURE
18.5 yrs

James Biddle

TITLE
Director
COMPENSATION
$44K
AGE
57
TENURE
18.5 yrs

Nora Sullivan

TITLE
Director
COMPENSATION
$32K
AGE
61
TENURE
5.8 yrs

Michael Battle

TITLE
Director
COMPENSATION
$34K
AGE
63
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Evans Bancorp individual insiders in the past 3 months, but not in substantial volumes.
Show me more companies with insider buying in the Banks industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. May 19 Buy Oliver Sommer Individual 10. May 19 10. May 19 500 $36.30 $18,150
17. Apr 19 Buy Mark St. George Individual 15. Apr 19 15. Apr 19 7 $35.84 $263
26. Dec 18 Buy Oliver Sommer Individual 20. Dec 18 20. Dec 18 500 $32.09 $16,046
21. Dec 18 Buy David Nasca Individual 20. Dec 18 20. Dec 18 1,195 $32.59 $38,882
21. Dec 18 Sell John Connerton Individual 20. Dec 18 20. Dec 18 -2,250 $32.93 $-74,097
20. Dec 18 Buy Lee Wortham Individual 19. Dec 18 19. Dec 18 2,800 $33.35 $93,387
20. Dec 18 Buy Kimberley Minkel Individual 19. Dec 18 19. Dec 18 75 $32.33 $2,425
03. Dec 18 Buy Kimberley Minkel Individual 03. Dec 18 03. Dec 18 50 $40.72 $2,036
20. Sep 18 Buy Kimberley Minkel Individual 19. Sep 18 19. Sep 18 50 $47.10 $2,355
06. Sep 18 Buy Oliver Sommer Individual 04. Sep 18 04. Sep 18 300 $47.60 $14,280
15. Aug 18 Buy Kimberley Minkel Individual 14. Aug 18 14. Aug 18 100 $47.56 $4,756
X
Management checks
We assess Evans Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Evans Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought Evans Bancorp (NYSEMKT:EVBN) Stock Five Years Ago, You Could Pocket A 53% Gain Today

To wit, the Evans Bancorp share price has climbed 53% in five years, easily topping the market return of 42% (ignoring dividends). … Over half a decade, Evans Bancorp managed to grow its earnings per share at 13% a year. … We note that for Evans Bancorp the TSR over the last 5 years was 75%, which is better than the share price return mentioned above.

Simply Wall St - –

Is Evans Bancorp, Inc.'s (NYSEMKT:EVBN) CEO Paid Enough Relative To Peers?

David Nasca became the CEO of Evans Bancorp, Inc. … See our latest analysis for Evans Bancorp How Does David Nasca's Compensation Compare With Similar Sized Companies? … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Evans Bancorp.

Simply Wall St - –

Have Insiders Been Buying Evans Bancorp, Inc. (NYSEMKT:EVBN) Shares This Year?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Evans Bancorp Evans Bancorp Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Lee Wortham bought US$93k worth of shares at a price of US$33.35 per share. … AMEX:EVBN Recent Insider Trading, May 29th 2019 Evans Bancorp is not the only stock that insiders are buying. … Insiders at Evans Bancorp Have Bought Stock Recently We saw some Evans Bancorp insider buying shares in the last three months.

Simply Wall St - –

Do Directors Own Evans Bancorp, Inc. (NYSEMKT:EVBN) Shares?

Check out our latest analysis for Evans Bancorp AMEX:EVBN Ownership Summary, May 14th 2019 What Does The Institutional Ownership Tell Us About Evans Bancorp? … Insider Ownership Of Evans Bancorp The definition of company insiders can be subjective, and does vary between jurisdictions. … I can report that insiders do own shares in Evans Bancorp, Inc..

Simply Wall St - –

Should You Be Adding Evans Bancorp (NYSEMKT:EVBN) To Your Watchlist Today?

Evans Bancorp's Earnings Per Share Are Growing. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … Evans Bancorp maintained stable EBIT margins over the last year, all while growing revenue 17% to US$60m.

Simply Wall St - –

Do You Like Evans Bancorp, Inc. (NYSEMKT:EVBN) At This P/E Ratio?

To keep it practical, we'll show how Evans Bancorp, Inc.'s (NYSEMKT:EVBN) P/E ratio could help you assess the value on offer. … Evans Bancorp has a P/E ratio of 10.61, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Real Risks To Know Before Investing In Evans Bancorp, Inc. (NYSEMKT:EVBN)

As a small-cap bank with a market capitalisation of US$172m, Evans Bancorp, Inc.’s (NYSEMKT:EVBN) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Evans Bancorp’s bottom line. … Check out our latest analysis for Evans Bancorp

Simply Wall St - –

Does Evans Bancorp's Share Price Gain of 58% Match Its Business Performance?

(NYSEMKT:EVBN) shareholders have enjoyed a 58% share price rise over the last half decade, well in excess of the market return of around 40% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Evans Bancorp managed to grow its earnings per share at 13% a year.

Simply Wall St - –

Have Insiders Been Buying Evans Bancorp, Inc. (NYSEMKT:EVBN) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Evans Bancorp, Inc. … The Last 12 Months Of Insider Transactions At Evans Bancorp. … We generally consider it a positive if insiders have been buying on market, even if the share price has increased a bit since then.

Simply Wall St - –

How Should Investors Feel About Evans Bancorp, Inc.'s (NYSEMKT:EVBN) CEO Pay?

David Nasca has been the CEO of Evans Bancorp, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does David Nasca's Compensation Compare With Similar Sized Companies?

Simply Wall St - –

Company Info

Description

Evans Bancorp, Inc. 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. It operates in two segments, Banking Activities and Insurance Agency Activities. The company offers deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit. It also provides residential mortgages; commercial and multi-family mortgages; commercial construction loans; home equities, such as home equity lines of credit and second mortgage loans; commercial and industrial loans comprising term loans and lines of credit; consumer loans, including direct automobile, recreational vehicle, boat, home improvement, and personal loans; other loans consisting of cash reserves, overdrafts, and loan clearing accounts; and installment loans. In addition, the company sells various premium-based insurance policies consisting of business and personal insurance, employee benefits, surety bonds, risk management, life, disability, and long-term care coverage, as well as provides claims adjusting services to various insurance companies; and non-deposit investment products, such as annuities and mutual funds. It operates through 15 full-service banking offices in Erie County, Niagara County, and Chautauqua County, New York. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Hamburg, New York.

Details
Name: Evans Bancorp, Inc.
EVBN
Exchange: AMEX
Founded: 1920
$173,372,490
4,845,514
Website: http://evansbank.com
Address: Evans Bancorp, Inc.
One Grimsby Drive,
Hamburg,
New York, 14075,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EVBN Common Shares NYSE MKT LLC US USD 15. Oct 1997
Number of employees
Current staff
Staff numbers
308
Evans Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:37
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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