Evans Bancorp, Inc. (EVBN) Income Statement Analysis

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Complete financial analysis of Evans Bancorp, Inc. (EVBN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Evans Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Evans Bancorp, Inc. (EVBN)

Industry: Banks - Regional

Sector: Financial Services

Website: https://evansbank.com

About Evans Bancorp, Inc.

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. It also provides residential mortgages; commercial and multi-family mortgages and 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, including 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 a total of 21 full-service banking offices in Erie County, Niagara County, Monroe County, and Chautauqua County, New York. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	94.13M	92.23M	91.61M	76.16M	70.02M	61.35M	52.18M	44.38M	45.52M	41.37M	40.51M	40.60M	38.42M	37.13M	3.57M	30.95M	25.52M	25.62M	24.75M	21.17M	18.51M	15.87M	13.64M	12.23M	8.85M	1.37M	1.01M	990.99K
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-33.09M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	94.13M	92.23M	91.61M	76.16M	70.02M	61.35M	52.18M	44.38M	45.52M	41.37M	40.51M	40.60M	38.42M	37.13M	36.66M	30.95M	25.52M	25.62M	24.75M	21.17M	18.51M	15.87M	13.64M	12.23M	8.85M	1.37M	1.01M	990.99K
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	1,027.78%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	38.45M	45.07M	45.12M	39.31M	34.18M	31.83M	28.03M	24.44M	22.27M	20.53M	19.61M	19.02M	18.04M	17.43M	15.48M	11.22M	10.64M	9.68M	9.34M	7.93M	6.81M	5.53M	5.02M	3.95M	3.21M	0.00	0.00	0.00
Selling & Marketing	1.21M	1.16M	1.43M	1.13M	1.03M	1.07M	1.10M	1.02M	857.00K	867.00K	786.00K	814.00K	812.00K	627.00K	575.00K	497.00K	369.00K	442.00K	464.00K	337.00K	262.84K	205.66K	171.25K	147.46K	460.48K	118.02K	127.13K	131.75K
SG&A	39.65M	46.23M	46.55M	40.44M	35.22M	32.90M	29.12M	25.46M	23.13M	21.39M	20.40M	19.84M	18.85M	18.06M	16.05M	11.72M	11.01M	10.12M	9.80M	8.26M	7.08M	5.74M	5.19M	4.10M	3.67M	118.02K	127.13K	131.75K
Other Expenses	0.00	-101.13M	-106.23M	-103.80M	-83.00M	21.10M	15.88M	15.54M	14.88M	14.61M	14.60M	14.16M	17.15M	18.94M	28.95M	22.28M	21.99M	20.88M	17.20M	-18.42M	-15.81M	-11.99M	-8.61M	-5.83M	-4.85M	6.24M	5.98M	4.99M
Operating Expenses	52.58M	-54.90M	-59.69M	-63.35M	-47.78M	54.00M	45.00M	41.00M	38.00M	36.00M	35.00M	34.00M	36.00M	37.00M	45.00M	34.00M	33.00M	31.00M	27.00M	-10.15M	-8.74M	-6.25M	-3.41M	-1.73M	-1.18M	6.35M	6.10M	5.12M
Cost & Expenses	94.13M	-54.90M	-59.69M	-63.35M	-47.78M	54.00M	45.00M	41.00M	38.00M	36.00M	35.00M	34.00M	36.00M	37.00M	11.91M	34.00M	33.00M	31.00M	27.00M	-10.15M	-8.74M	-6.25M	-3.41M	-1.73M	-1.18M	6.35M	6.10M	5.12M
Interest Income	96.85M	79.48M	77.58M	68.83M	64.74M	57.61M	47.75M	39.96M	35.63M	34.72M	32.40M	33.38M	32.72M	31.42M	30.70M	29.15M	28.84M	26.54M	22.88M	17.71M	15.33M	15.21M	15.65M	15.07M	12.55M	11.85M	11.07M	9.80M
Interest Expense	35.64M	6.53M	4.80M	9.05M	12.69M	9.51M	5.73M	4.71M	3.82M	3.62M	4.06M	5.60M	6.73M	6.92M	8.11M	9.88M	12.16M	11.70M	8.57M	5.11M	4.48M	4.82M	6.54M	6.49M	5.04M	4.95M	4.59M	3.91M
Depreciation & Amortization	1.56M	1.65M	2.34M	2.13M	1.75M	1.83M	1.31M	1.20M	1.51M	108.00K	221.00K	349.00K	1.47M	1.86M	931.00K	1.69M	1.72M	1.81M	1.90M	1.67M	1.25M	1.06M	1.32M	0.00	0.00	381.12K	356.66K	344.09K
EBITDA	0.00	31.20M	33.19M	14.01M	24.29M	20.46M	17.45M	11.75M	13.12M	10.46M	11.58M	14.00M	10.69M	8.93M	0.00	8.69M	8.25M	0.00	0.00	7.58M	0.00	0.00	0.00	10.49M	7.68M	0.00	0.00	0.00
EBITDA Ratio	0.00%	40.91%	35.44%	17.52%	34.69%	48.85%	44.43%	37.08%	37.23%	34.03%	38.25%	48.00%	43.97%	42.71%	278.19%	60.02%	71.71%	79.14%	68.88%	59.93%	59.54%	67.29%	84.63%	85.83%	86.71%	591.61%	739.22%	651.82%
Operating Income	0.00	37.33M	31.93M	12.81M	22.24M	28.14M	23.07M	14.90M	15.43M	13.97M	15.27M	19.14M	15.42M	14.00M	8.99M	16.88M	16.58M	18.46M	15.15M	11.02M	9.78M	9.62M	10.22M	10.49M	7.68M	7.73M	7.11M	6.12M
Operating Income Ratio	0.00%	40.47%	34.85%	16.82%	31.76%	45.87%	44.21%	33.58%	33.90%	33.77%	37.70%	47.14%	40.14%	37.71%	252.09%	54.55%	64.98%	72.06%	61.20%	52.04%	52.81%	60.59%	74.97%	85.83%	86.71%	563.79%	703.93%	617.10%
Total Other Income/Expenses	34.73M	-6.49M	-7.30M	-10.51M	-5.78M	-3.63M	-2.09M	-2.59M	-3.38M	-5.64M	-5.42M	-1.47M	0.00	0.00	-8.89M	328.00K	-3.83M	0.00	0.00	-1.67M	-4.48M	-4.82M	-6.54M	-9.96M	-7.40M	-4.95M	-4.59M	-3.91M
Income Before Tax	34.73M	29.55M	31.93M	12.81M	22.24M	18.64M	15.69M	10.20M	11.61M	8.89M	9.59M	11.88M	8.70M	7.08M	104.00K	7.00M	4.42M	6.76M	6.58M	5.91M	5.29M	4.80M	3.69M	4.00M	2.63M	2.78M	2.53M	2.20M
Income Before Tax Ratio	36.90%	32.04%	34.85%	16.82%	31.76%	30.38%	30.07%	22.97%	25.50%	21.49%	23.67%	29.26%	22.63%	19.06%	2.92%	22.61%	17.32%	26.40%	26.58%	27.89%	28.59%	30.24%	27.04%	32.75%	29.75%	202.77%	249.96%	222.27%
Income Tax Expense	10.21M	7.16M	7.88M	1.56M	5.23M	2.28M	5.21M	1.92M	3.77M	704.00K	1.73M	3.75M	2.58M	2.24M	-603.00K	2.09M	1.05M	1.84M	1.76M	1.40M	1.22M	1.19M	1.11M	781.25K	607.00K	735.00K	724.00K	588.00K
Net Income	24.52M	22.39M	24.04M	11.25M	17.01M	16.36M	10.48M	8.27M	7.84M	8.19M	7.86M	8.13M	6.11M	4.84M	707.00K	4.91M	3.37M	4.92M	4.82M	4.51M	4.07M	3.61M	2.58M	3.22M	2.03M	2.04M	1.80M	1.61M
Net Income Ratio	26.05%	24.28%	26.24%	14.77%	24.30%	26.66%	20.08%	18.64%	17.23%	19.79%	19.40%	20.03%	15.91%	13.04%	19.82%	15.86%	13.20%	19.21%	19.47%	21.30%	21.98%	22.72%	18.91%	26.36%	22.90%	149.13%	178.33%	162.93%
EPS	4.49	4.07	4.41	2.15	3.47	3.40	2.21	1.93	1.85	1.96	1.88	1.96	1.49	1.34	0.25	1.78	1.23	1.81	1.77	1.66	1.43	1.34	0.92	1.51	0.98	0.99	0.87	0.78
EPS Diluted	4.48	4.04	4.37	2.13	3.42	3.32	2.16	1.90	1.82	1.92	1.85	1.95	1.49	1.34	0.25	1.78	1.23	1.80	1.77	1.66	1.43	1.34	0.92	1.51	0.98	0.99	0.87	0.78
Weighted Avg Shares Out	5.46M	5.50M	5.45M	5.23M	4.90M	4.81M	4.74M	4.28M	4.24M	4.19M	4.19M	4.14M	4.10M	3.61M	2.79M	2.75M	2.74M	2.73M	2.72M	2.73M	2.84M	2.69M	2.81M	2.14M	2.06M	2.06M	2.07M	2.07M
Weighted Avg Shares Out (Dil)	5.47M	5.54M	5.50M	5.27M	4.97M	4.93M	4.86M	4.36M	4.31M	4.26M	4.24M	4.16M	4.10M	3.62M	2.79M	2.76M	2.74M	2.73M	2.72M	2.73M	2.84M	2.69M	2.81M	2.14M	2.06M	2.06M	2.07M	2.07M