E
EAGLE FINANCIAL SERVICES INC
Period
FY 2025
Revenue
—
Net Income
$8.21M
Total Assets
$1.89B
Equity
$188.84M
Shares Out
5.41M
Op. Cash Flow
$25.75M
Business
Eagle Financial Services, Inc. is a bank holding company that operates through its subsidiary, Bank of Clarke, a Virginia-chartered commercial bank. The Bank offers retail and commercial banking services including demand, savings and time deposits, consumer mortgage and commercial loans, ATM access, debit cards, and digital banking channels. The Bank operates fifteen full-service branches, a loan production office, a wealth management division, and serves the Shenandoah Valley of Virginia, Northern Virginia, and Frederick, Maryland; the Bank of Clarke Wealth Management Division provides trust, fiduciary, brokerage, and investment advisory services.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans | 82 | 82 | 76 | 51 | 40 | |
| Taxable interest income | 4 | 3 | 3 | 3 | 2 | |
| Interest income exempt from federal income taxes | 3,000 | 16,000 | 16,000 | 221,000 | 419,000 | |
| Dividends | 388,000 | 630,000 | 523,000 | 109,000 | 45,000 | |
| Interest on deposits in banks | 12 | 6 | 4 | 352,000 | 69,000 | |
| Interest on federal funds sold | 235,000 | 123,000 | 160,000 | 30,000 | — | |
| Total interest and dividend income | 99 | 91 | 83 | 55 | 43 | |
| Interest on deposits | 32 | 32 | 24 | 3 | 2 | |
| Interest on Federal Home Loan Bank advances | 3 | 7 | 8 | — | — | |
| Interest on subordinated debt | 1 | 1 | 1 | 1 | — | |
| Total interest expense | 36 | 40 | 33 | — | — | |
| Net interest income | 63 | 51 | 50 | 49 | 41 | |
| Provision for credit losses | 4 | 3 | 2 | — | — | |
| Net interest income after provision for credit losses | 59 | 49 | 49 | 47 | 40 | |
| Wealth management fees | 7 | 6 | 5 | — | — | |
| Service charges on deposit accounts | 2 | 2 | 2 | 2 | 1 | |
| Other service charges and fees | 4 | 4 | 4 | 4 | 4 | |
| (Loss) gain on the sale and disposal of bank premises and equipment | −19,000 | 4 | — | — | — | |
| (Loss) on sale of securities | −12 | 0 | — | — | — | |
| Gain on sale of loans | 3 | 2 | 1 | 2 | 2 | |
| Small business investment company income | 251,000 | 1 | 385,000 | — | — | |
| Bank owned life insurance income | 1 | 2 | 713,000 | 626,000 | 527,000 | |
| Other operating income | 812,000 | 476,000 | 656,000 | 2 | 881,000 | |
| Total noninterest income | 7 | 22 | 15 | 13 | 11 | |
| Salaries and employee benefits | 33 | 30 | 30 | 26 | 22 | |
| Occupancy expenses | 3 | 2 | 2 | 2 | 2 | |
| Equipment expenses | 2 | 2 | 1 | 1 | 959,000 | |
| Advertising and marketing expenses | 861,000 | 1 | 1 | 770,000 | 408,000 | |
| Stationery and supplies | 134,000 | 145,000 | 191,000 | 199,000 | 155,000 | |
| ATM network fees | 1 | 2 | 2 | 1 | 1 | |
| Other real estate owned expense | 20,000 | 0 | 5,000 | 34,000 | 41,000 | |
| Loss on sale of other real estate owned | 51,000 | 0 | −7,000 | 0 | 201,000 | |
| Loss on the sale of repossessed assets | 302,000 | 204,000 | 0 | — | — | |
| FDIC assessment | 948,000 | 1 | 2 | 614,000 | 606,000 | |
| Computer software expense | 1 | 1 | 1 | 960,000 | 996,000 | |
| Bank franchise tax | 2 | 1 | 1 | 886,000 | 781,000 | |
| Professional fees | 2 | 2 | 3 | 2 | 4 | |
| Data processing fees | 2 | 2 | 2 | 2 | 2 | |
| Loan servicing expense | 1 | 1 | — | — | — | |
| Other operating expenses | 6 | 5 | 7 | 6 | 4 | |
| Total noninterest expenses | 56 | 51 | 53 | 43 | 38 | |
| Income before income taxes | 10 | 19 | 11 | 18 | 13 | |
| Income Tax Expense | 2 | 4 | 1 | 3 | 2 | |
| Net Income (Loss) | 8 | 15 | 9 | 15 | 11 | |
| Net income per common share, basic | 1.59 | 4.32 | 2.66 | 4.17 | 3.2 | |
| Net income per common share, diluted | 1.59 | 4.32 | 2.66 | 4.17 | 3.2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 14 | 13 | 15 | 17 | 15 | |
| Interest-bearing deposits with other institutions | 104 | 163 | 97 | 50 | 49 | |
| Federal funds sold | 99 | 17 | 26 | 363,000 | 228,000 | |
| Total cash and cash equivalents | 217 | 193 | 138 | 67 | 64 | |
| Securities available for sale, at fair value | 120 | 121 | 137 | 149 | 192 | |
| Restricted investments | 4 | 8 | 10 | 9 | 1 | |
| Loans held for sale | 5 | 3 | 2 | 153,000 | 876,000 | |
| Loans | 1,473 | 1,467 | 1,463 | — | — | |
| Allowance for credit losses | −15 | −15 | −14 | — | — | |
| Net Loans | 1,458 | 1,452 | 1,448 | — | — | |
| Bank premises and equipment, net | 15 | 14 | 18 | 18 | 18 | |
| Bank owned life insurance | 32 | 31 | 30 | 24 | 23 | |
| Other assets | 39 | 45 | 43 | 37 | 26 | |
| Total assets | 1,889 | 1,866 | 1,826 | 1,617 | 1,303 | |
| Noninterest bearing demand deposits | 432 | 406 | 437 | 479 | 470 | |
| Savings and interest bearing demand deposits | 729 | 679 | 656 | 627 | 583 | |
| Time deposits | 447 | 490 | 413 | 158 | 124 | |
| Total deposits | 1,607 | 1,575 | 1,506 | 1,264 | 1,177 | |
| Federal Home Loan Bank advances, short-term | 0 | 25 | 20 | 175 | 0 | |
| Federal Home Loan Bank advances, long-term | 40 | 95 | 145 | 0 | — | |
| Subordinated debt, net of unamortized issuance costs | 30 | 30 | 29 | 29 | 0 | |
| Other Liabilities | 23 | 23 | 16 | 14 | 16 | |
| Total liabilities | 1,700 | 1,747 | 1,717 | 1,515 | 1,193 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $10 par value; 500,000 shares authorized and unissued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2025, 5,374,205 including 68,476 shares of unvested restricted stock; issued and outstanding 2024, 3,549,581 including 64,043 shares of unvested | 13 | 9 | 9 | 9 | 9 | |
| Surplus | 65 | 15 | 14 | 13 | 12 | |
| Retained earnings | 116 | 114 | 103 | 100 | 90 | |
| Accumulated other comprehensive (loss) | −5 | −19 | −18 | −20 | −155,000 | |
| Total shareholders equity | 189 | 119 | 108 | 102 | 110 | |
| Total liabilities and shareholders equity | 1,889 | 1,866 | 1,826 | 1,617 | 1,303 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 780,000 | 979,000 | 1 | 979,000 | 996,000 | |
| Amortization of other assets | 338,000 | 564,000 | 988,000 | 931,000 | 672,000 | |
| Origination of loans held for sale | −95 | −74 | −42 | −14 | −19 | |
| Proceeds from sale of loans held for sale | 96 | 75 | 41 | 15 | 19 | |
| Net (gain) on sales of loans | −3 | −2 | −1 | −2 | −2 | |
| (Gain) on sale of portfolio loans | −5,000 | 0 | — | — | — | |
| Amortization of subordinated debt issuance costs | 67,000 | 67,000 | 67,000 | 51,000 | — | |
| Stock-based compensation expense | 1 | 912,000 | 1 | 1 | 850,000 | |
| (Accretion) amortization of premiums and discounts on debt securities and loans, net | −670,000 | 258,000 | — | — | — | |
| Bank owned life insurance income | −1 | −1 | −713,000 | −626,000 | −527,000 | |
| (Gain) on bank-owed life insurance settlement | 0 | −907,000 | 0 | — | — | |
| Deferred tax accrual | 221,000 | 600,000 | −2 | −86,000 | −1 | |
| Decrease in other assets | 1 | 3 | −5 | −5 | 6,000 | |
| Increase in other liabilities | 1 | 1 | 1 | −706,000 | 4 | |
| Net cash provided by operating activities | 26 | 19 | 7 | 14 | 16 | |
| Proceeds from maturities, calls, and principal payments of securities available for sale | 23 | 20 | 14 | 28 | 52 | |
| Proceeds from the sale of securities available for sale | 87 | 0 | 0 | 15 | 16 | |
| Purchases of securities available for sale | −103 | −5 | 0 | −27 | −101 | |
| Proceeds from the sale of restricted investments | 4 | 4 | 5 | 0 | 222,000 | |
| Purchase of restricted investments | −44,000 | −2 | −5 | −8 | −4,000 | |
| Proceeds from bank-owned life insurance settlement | 0 | 935,000 | 0 | — | — | |
| Proceeds from the sale of bank premises and equipment | 40,000 | 8 | 39,000 | 33,000 | — | |
| Purchases of bank premises and equipment | −1 | −1 | −1 | −838,000 | −520,000 | |
| Proceeds from the sale of other real estate owned | 254,000 | 0 | 115,000 | 0 | 672,000 | |
| Proceeds from the sale of repossessed assets | 1 | 112,000 | 0 | — | — | |
| Changes in collateral posted with other financial institutions, net | 0 | −400,000 | 0 | −700,000 | — | |
| Proceeds from the sale of portfolio loans | 19 | 0 | 52 | 156 | 100 | |
| Origination of loans, net of prinicpal collected | −30 | −7 | −243 | −493 | — | |
| Funding of capital commitments related to other investments | −492,000 | −664,000 | −922,000 | −761,000 | −2 | |
| Net cash (used in) provided by investing activities | −965,000 | 17 | −130 | −331 | −193 | |
| Net increase (decrease) in demand deposits, money market and savings accounts | 75 | −8 | −13 | 53 | 169 | |
| Net (decrease) increase in certificates of deposit | −43 | 76 | 255 | 34 | −5 | |
| Net (decrease) increase in short-term Federal Home Loan Bank advances | −25 | 5 | −155 | — | — | |
| Repayment) of long-term Federal Home Loan Bank advances | −55 | −50 | 145 | — | — | |
| Net proceeds from issuance of common stock in public offering | 54 | 0 | — | — | — | |
| Repurchase and retirement of common stock | −348,000 | −237,000 | −302,000 | −154,000 | −149,000 | |
| Cash dividends paid | −6 | −4 | −4 | −4 | −3 | |
| Net cash (used in) provided by financing activities | −754,000 | 19 | 195 | 320 | 161 | |
| Increase in cash and cash equivalents | 24 | 55 | 71 | 3 | −16 | |
| Interest | 37 | 40 | 31 | 5 | 2 | |
| Income taxes | 2 | 80,000 | 2 | 4 | 3 | |
| Unrealized (loss) gain on securities available for sale | 17 | −791,000 | 3 | −26 | −4 | |
| Minimum postretirement liability adjustment | −10,000 | −11,000 | −8,000 | 0 | — | |
| Real estate and repossessed assets acquired in settlement of loans | 2 | 525,000 | 304,000 | 108,000 | 266,000 | |
| Lease liabilities arising from right-of-use assets | 773,000 | 5 | 0 | — | — |
Filings
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Frequently asked questions
What is EAGLE FINANCIAL SERVICES INC's CIK number?
EAGLE FINANCIAL SERVICES INC's SEC CIK number is 0000880641 (880641). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EAGLE FINANCIAL SERVICES INC's SEC filings?
All of EAGLE FINANCIAL SERVICES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EAGLE FINANCIAL SERVICES INC last report earnings?
EAGLE FINANCIAL SERVICES INC (EFSI) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-173960). This is EAGLE FINANCIAL SERVICES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is EAGLE FINANCIAL SERVICES INC's most recent earnings 8-K?
EAGLE FINANCIAL SERVICES INC's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001193125-26-173960. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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