Eagle Financial Q1 net income falls from prior quarter

Eagle Financial Services

23/04/2026 21:43

Overview

US community bank's Q1 net income fell from prior quarter but rebounded yr/yr

Net interest margin rose to 3.63% from 3.61% in prior quarter

Quarterly dividend maintained at $0.31 per share

Outlook

Company expects results of additional loan appraisals in Q2 2026 may impact provisioning

Result Drivers

LOWER INTEREST INCOME AND HIGHER CREDIT LOSS PROVISION - Co said net income fell from prior qtr due to a decrease in interest and dividend income and a higher provision for credit losses

NET INTEREST MARGIN IMPROVEMENT - Net interest margin rose to 3.63% from 3.61% in prior qtr, mainly due to lower yield paid on interest bearing liabilities

LOWER NONINTEREST INCOME - Noninterest income declined from prior qtr, primarily due to lower wealth management fee income

Company press release: ID:nPn1FQRDta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$3.74 mln
Q1 Basic EPS
$0.69
Q1 Net Interest Margin
3.63%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Eagle Financial Services Inc is $43.00, about 9.9% above its April 22 closing price of $39.12

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)