AMEX:EVBN

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet established 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

EVBN

1.3%

US Banks

0.5%

US Market


1 Year Return

-32.7%

EVBN

-16.6%

US Banks

18.0%

US Market

Return vs Industry: EVBN underperformed the US Banks industry which returned -16.6% over the past year.

Return vs Market: EVBN underperformed the US Market which returned 18% over the past year.


Shareholder returns

EVBNIndustryMarket
7 Day1.3%1.3%0.5%
30 Day1.0%3.9%4.5%
90 Day0.6%20.1%19.7%
1 Year-30.4%-32.7%-13.7%-16.6%20.5%18.0%
3 Year-38.2%-42.8%-7.2%-14.7%46.3%36.8%
5 Year17.1%2.5%23.2%8.0%87.2%66.8%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVBN ($23.58) is trading below our estimate of fair value ($49.15)

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


Price To Earnings Ratio

PE vs Industry: EVBN is poor value based on its PE Ratio (12.3x) compared to the US Banks industry average (10x).

PE vs Market: EVBN is good value based on its PE Ratio (12.3x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: EVBN is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: EVBN's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

37.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVBN's forecast earnings growth (37.4% per year) is above the savings rate (2.2%).

Earnings vs Market: EVBN's earnings (37.4% per year) are forecast to grow faster than the US market (24.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EVBN's revenue (13.4% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: EVBN's revenue (13.4% 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


Next Steps

Past Performance

How has Evans Bancorp performed over the past 5 years?

15.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVBN has a large one-off loss of $5.6M impacting its June 30 2020 financial results.

Growing Profit Margin: EVBN's current net profit margins (14.6%) are lower than last year (27%).


Past Earnings Growth Analysis

Earnings Trend: EVBN's earnings have grown by 15.7% 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 (-44.8%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: EVBN's Return on Equity (5.9%) is considered low.


Next Steps

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 (94%).

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 (1.2%).


Next Steps

Dividend

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

4.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVBN's dividend (4.92%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: EVBN's dividend (4.92%) is in the top 25% of dividend payers in the US market (4.32%)


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 reasonable payout ratio (57.4%), EVBN's dividend payments are 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?

4.8yrs

Average management tenure


CEO

David Nasca (62 yo)

13.33yrs

Tenure

US$1,226,421

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 ($USD1.23M) is above average for companies of similar size in the US market ($USD589.30K).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Nasca
CEO, President & Director13.33yrsUS$1.23m1.38%
$ 1.7m
John Connerton
CFO, Principal Accounting Officer & Treasurer4.75yrsUS$422.79k0.20%
$ 254.5k
Aaron Whitehouse
President of The Evans Agency0.92yrUS$224.91k0.012%
$ 14.6k
Michelle Baumgarden
Secretaryno datano datano data
Nicholas Snyder
Assistant Secretaryno datano data0.078%
$ 98.5k

4.8yrs

Average Tenure

53yo

Average Age

Experienced Management: EVBN's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Nasca
CEO, President & Director13.33yrsUS$1.23m1.38%
$ 1.7m
Nora Sullivan
Independent Director6.92yrsUS$41.43k0.068%
$ 85.8k
Robert Miller
Director19.58yrsUS$32.85k1.34%
$ 1.7m
Thomas Waring
Independent Director22.58yrsUS$43.50k0.27%
$ 346.0k
James Biddle
Independent Director19.58yrsUS$59.02k0.41%
$ 518.6k
Lee Wortham
Independent Chairman of the Board2.33yrsUS$75.01k0.27%
$ 333.6k
Jody Lomeo
Independent Director3.33yrsUS$40.83k0.039%
$ 49.2k
Michael Rogers
Independent Director9.08yrsUS$50.89k0.11%
$ 132.2k
Michael Battle
Independent Director4.08yrsUS$44.52k0.039%
$ 48.6k
Oliver Sommer
Independent Vice Chairman of the Board2.33yrsUS$53.52k0.061%
$ 77.4k
Kimberley Minkel
Independent Director2.33yrsUS$44.12k0.028%
$ 35.7k
David Pfalzgraf
Independent Director6.25yrsUS$41.99k0.059%
$ 74.3k

6.6yrs

Average Tenure

62yo

Average Age

Experienced Board: EVBN's board of directors are considered experienced (6.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EVBN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.3%.


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: AMEX
  • Founded: 1920
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$125.848m
  • Shares outstanding: 5.34m
  • Website: https://evansbank.com

Number of Employees


Location

  • Evans Bancorp, Inc.
  • One Grimsby Drive
  • Hamburg
  • New York
  • 14075
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVBNAMEX (NYSE MKT LLC)YesCommon SharesUSUSDOct 1997

Biography

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 operat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 05:40
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.