EVBN

Evans BancorpNYSEAM:EVBN Stock Report

Market Cap

US$201.2m

7D

-2.2%

1Y

67.7%

Updated

22 Sep, 2021

Data

Company Financials +
EVBN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

EVBN Overview

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

Evans Bancorp Competitors

Sterling Bancorp

NYSE:STL

US$4.3b

United Bankshares

NasdaqGS:UBSI

US$4.2b

F.N.B

NYSE:FNB

US$3.5b

Texas Capital Bancshares

NasdaqGS:TCBI

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Evans Bancorp
Historical stock prices
Current Share PriceUS$37.17
52 Week HighUS$21.79
52 Week LowUS$40.45
Beta1.25
1 Month Change-3.95%
3 Month Change-3.18%
1 Year Change67.74%
3 Year Change-20.58%
5 Year Change41.28%
Change since IPO289.48%

Recent News & Updates

Shareholder Returns

EVBNUS BanksUS Market
7D-2.2%-1.0%-1.7%
1Y67.7%75.2%36.2%

Return vs Industry: EVBN matched the US Banks industry which returned 67.8% over the past year.

Return vs Market: EVBN exceeded the US Market which returned 31.5% over the past year.

Price Volatility

Is EVBN's price volatile compared to industry and market?
EVBN volatility
EVBN Beta1.25
Industry Beta1.37
Market Beta1

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

Volatility Over Time: EVBN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920385David Nascahttps://evansbank.com

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 and the Finger Lakes Region of New York State. 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.

Evans Bancorp Fundamentals Summary

How do Evans Bancorp's earnings and revenue compare to its market cap?
EVBN fundamental statistics
Market CapUS$201.21m
Earnings (TTM)US$21.74m
Revenue (TTM)US$85.36m

9.3x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EVBN income statement (TTM)
RevenueUS$85.36m
Cost of RevenueUS$0
Gross ProfitUS$85.36m
ExpensesUS$63.62m
EarningsUS$21.74m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.02
Gross Margin100.00%
Net Profit Margin25.47%
Debt/Equity Ratio43.8%

How did EVBN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

29%

Payout Ratio

Valuation

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

24.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVBN ($37.17) is trading below our estimate of fair value ($49.43)

Significantly Below Fair Value: EVBN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EVBN is good value based on its PE Ratio (9.3x) compared to the US Banks industry average (10.6x).

PE vs Market: EVBN is good value based on its PE Ratio (9.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: EVBN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: EVBN's PB Ratio (1.1x) 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?

-10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVBN's earnings are forecast to decline over the next 3 years (-10% per year).

Earnings vs Market: EVBN's earnings are forecast to decline over the next 3 years (-10% per year).

High Growth Earnings: EVBN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EVBN's revenue (0.5% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: EVBN's revenue (0.5% 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?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVBN has high quality earnings.

Growing Profit Margin: EVBN's current net profit margins (25.5%) are higher than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: EVBN's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: EVBN's earnings growth over the past year (126.8%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: EVBN earnings growth over the past year (126.8%) exceeded the Banks industry 36%.


Return on Equity

High ROE: EVBN's Return on Equity (12.4%) 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 (12.3x) is moderate.

Allowance for Bad Loans: EVBN has a low allowance for bad loans (82%).

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 (78%).

Low Risk Deposits: EVBN's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: EVBN has an appropriate level of bad loans (1.4%).


Dividend

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

3.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVBN's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: EVBN's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (3.67%).


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 (29.4%), 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

Management

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

5.8yrs

Average management tenure


CEO

David Nasca (63 yo)

14.42yrs

Tenure

US$986,164

Compensation

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 ($USD986.16K) is about average for companies of similar size in the US market ($USD1.09M).

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 (5.8 years average tenure).


Board Members

Experienced Board: EVBN's board of directors are considered experienced (7.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EVBN insiders have only sold shares 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 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$201.210m
  • Shares outstanding: 5.41m
  • Website: https://evansbank.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 22:37
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
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.