This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Evans Bancorp Past Earnings Performance

Past criteria checks 2/6

Evans Bancorp has been growing earnings at an average annual rate of 6.9%, while the Banks industry saw earnings growing at 5.4% annually. Revenues have been growing at an average rate of 3.8% per year. Evans Bancorp's return on equity is 6.5%, and it has net margins of 17.5%.

Key information

6.89%

Earnings growth rate

5.33%

EPS growth rate

Banks Industry Growth	11.18%
Revenue growth rate	3.78%
Return on equity	6.53%
Net Margin	17.47%
Last Earnings Update	31 Dec 2024

Recent past performance updates

Recent updates

Analysis Article • Apr 28

Here's Why It's Unlikely That Evans Bancorp, Inc.'s (NYSEMKT:EVBN) CEO Will See A Pay Rise This Year

Shareholders will probably not be too impressed with the underwhelming results at Evans Bancorp, Inc. ( NYSEMKT:EVBN...

Revenue & Expenses Breakdown

How Evans Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSEAM:EVBN Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 24	68	12	46
30 Sep 24	82	18	48
30 Jun 24	84	19	50
31 Mar 24	88	21	51
31 Dec 23	94	25	53
30 Sep 23	85	20	51
30 Jun 23	89	23	53
31 Mar 23	91	23	54
31 Dec 22	89	22	54
30 Sep 22	91	22	54
30 Jun 22	92	23	54
31 Mar 22	93	24	54
31 Dec 21	93	24	54
30 Sep 21	91	24	53
30 Jun 21	85	22	51
31 Mar 21	80	16	49
31 Dec 20	71	11	47
30 Sep 20	66	9	45
30 Jun 20	66	10	44
31 Mar 20	65	13	43
31 Dec 19	70	17	42
30 Sep 19	67	18	41
30 Jun 19	64	17	40
31 Mar 19	62	17	39
31 Dec 18	60	16	38
30 Sep 18	57	13	36
30 Jun 18	55	12	35
31 Mar 18	52	11	35
31 Dec 17	51	10	34
30 Sep 17	52	12	33
30 Jun 17	48	10	32
31 Mar 17	46	10	31
31 Dec 16	43	8	30
30 Sep 16	43	8	30
30 Jun 16	43	8	30
31 Mar 16	44	8	29
31 Dec 15	44	8	29
30 Sep 15	43	8	27
30 Jun 15	43	8	26
31 Mar 15	43	8	26
31 Dec 14	40	8	26
30 Sep 14	41	8	26
30 Jun 14	40	8	26

Quality Earnings: EVBN has high quality earnings.

Growing Profit Margin: EVBN's current net profit margins (17.5%) are lower than last year (26.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: EVBN's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: EVBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EVBN had negative earnings growth (-51.3%) over the past year, making it difficult to compare to the Banks industry average (4.6%).

Return on Equity

High ROE: EVBN's Return on Equity (6.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/06 07:24
End of Day Share Price	2025/05/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Evans Bancorp, Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher McGratty	Keefe, Bruyette, & Woods
Christopher O'Connell	Keefe, Bruyette, & Woods
Alexander Roberts Twerdahl	Piper Sandler Companies

This company has been acquired

Evans Bancorp Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q2, 2024 Results on Jul 30, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Recent updates

Evans Bancorp No Longer Fulfills the Listing Requirements of the New York Stock Exchange

NBT Bancorp Inc. (NasdaqGS:NBTB) completed the acquisition of Evans Bancorp, Inc. (NYSEAM:EVBN).

CEO, President & Director exercised options to buy US$305k worth of stock.

Price target decreased by 9.1% to US$45.50

CEO, President & Director notifies of intention to sell stock

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Final dividend of US$0.66 announced

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on April 10, 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Treasurer exercised options and sold US$74k worth of stock

Consensus EPS estimates increase by 13%

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 43% to US$42.32

NBT Bancorp Inc. (NasdaqGS:NBTB) entered into an agreement and plan of merger to acquire Evans Bancorp, Inc. (NYSEAM:EVBN) for approximately $230 million.

Upcoming dividend of US$0.66 per share

First half dividend of US$0.66 announced

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on October 10, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Investor sentiment improves as stock rises 16%

Evans Bancorp, Inc.(NYSEAM:EVBN) dropped from Russell Small Cap Comp Value Index

Price target decreased by 9.8% to US$26.75

First quarter 2024 earnings: EPS exceeds analyst expectations

Evans Bancorp, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Evans Bancorp, Inc., Annual General Meeting, May 07, 2024

Price target decreased by 8.2% to US$29.67

Treasurer recently sold US$92k worth of stock

CEO, President & Director exercised options to buy US$107k worth of stock.

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.66 per share

Final dividend of US$0.66 announced

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on April 9, 2024

Consensus EPS estimates fall by 24%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q4, 2023 Results on Feb 01, 2024

Price target increased by 9.6% to US$32.33

Price target increased by 14% to US$31.50

Consensus EPS estimates increase by 24%

Independent Chairman of the Board recently bought US$109k worth of stock

Evans Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Evans Bancorp, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.66 per share at 4.8% yield

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on October 18, 2023

Price target increased by 7.4% to US$31.33

Evans Bancorp, Inc. Reports Net Charge Off for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Evans Bancorp, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment deteriorates as stock falls 17%

Evans Bancorp, Inc. Announces Board Changes

Consensus revenue estimates fall by 11%

Price target decreased by 7.9% to US$34.75

Price target decreased by 9.0% to US$37.75

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.66 per share at 3.3% yield

Treasurer exercised options and sold US$73k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Evans Bancorp, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2022

Evans Bancorp, Inc. to Report Q4, 2022 Results on Feb 02, 2023

Insider recently sold US$51k worth of stock

Evans Bancorp, Inc. Reports Net Charge-Offs for the Quarter Ended September 30, 2022

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Evans Bancorp, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.64 per share

Evans Bancorp, Inc. Declares Semi-Annual Cash Dividend, Payable on October 4, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Price target decreased to US$42.00