EAGLE FINANCIAL SERVICES INC EFSI
Eagle Financial Services, Inc. is a bank holding company that was incorporated in 1991. The company is headquartered in Berryville, Virginia and conducts its operations through its subsidiary, Bank of Clarke (the "Bank"). The Bank is chartered under Virginia law. For purposes of this annual report on Form 10-K, the terms the "Company," "our," "us" and "we" refer to Eagle Financial Services, Inc. and our subsidiary as a combined entity, unless this report otherwise indicates or the context otherwise requires.
The Bank has fifteen full-service branches, one loan production office, one wealth management office and one drive-through only facility. The Bank's main office is located at 2 East Main Street in Berryville, Virginia. The Bank opened for business on April 1, 1881. The Bank's market area is located in the Shenandoah Valley of Virginia, Northern Virginia and Frederick, Maryland. The Bank has Virginia offices located in Clarke County, Frederick County, Fauquier County, Loudoun County and Fairfax County, as well as the towns of Leesburg and Purcellville and the City of Winchester. The Bank has a Maryland office located in Frederick.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.0M | $91.3M | $83.1M | $3.0K | $236.0K | $38.9M | $35.5M | $31.9M | $28.4M | $25.8M |
| Interest expense | $62.6M | $51.2M | $50.3M | $5.5M | $1.7M | $3.3M | $4.2M | $2.5M | $1.2M | $1.1M |
| Pre-tax income | $9.9M | $18.9M | $10.6M | $17.7M | $12.8M | $13.3M | $11.6M | $10.3M | $11.4M | $8.9M |
| Income tax | $1.7M | $3.6M | $1.3M | $3.1M | $1.8M | $2.1M | $1.8M | $1.3M | $3.6M | $2.6M |
| Net income | $8.2M | $15.3M | $9.4M | $14.5M | $11.0M | $11.2M | $9.8M | $9.0M | $7.8M | $6.4M |
| EPS, basic | 1.59 | 4.32 | 2.66 | 4.17 | 3.20 | 3.27 | 2.84 | 2.60 | 2.24 | 1.81 |
| EPS, diluted | 1.59 | 4.32 | 2.66 | 4.17 | 3.20 | 3.27 | 2.84 | 2.60 | 2.24 | 1.81 |
| Shares, diluted (wtd. avg.) | $5.2M | $3.6M | $3.5M | $3.5M | $3.4M | $3.4M | $3.4M | $3.5M | $3.5M | $3.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $217.2M | $193.2M | $138.4M | $66.9M | $64.1M | $79.9M | $33.7M | $18.4M | $35.8M | $35.3M |
| Property, plant and equipment | $14.9M | $14.3M | $18.1M | $18.1M | $18.2M | $18.7M | $19.3M | $19.1M | $19.6M | $20.2M |
| Total assets | $1.89B | $1.87B | $1.83B | $1.62B | $1.30B | $1.13B | $877.3M | $799.6M | $765.8M | $700.1M |
| Total liabilities | $1.70B | $1.75B | $1.72B | $1.51B | $1.19B | $1.03B | $781.0M | $712.0M | $681.9M | $620.7M |
| Retained earnings | $116.1M | $114.0M | $103.4M | $100.3M | $89.8M | $82.5M | $74.9M | $68.6M | $62.8M | $58.2M |
| Total equity | $188.8M | $119.0M | $108.4M | $101.7M | $110.3M | $105.1M | $96.3M | $87.6M | $83.8M | $79.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25.8M | $18.8M | $6.9M | $13.8M | $16.5M | $11.0M | $11.3M | -$1.5M | $9.4M | $9.7M |
| Depreciation and amortisation | $780.0K | $979.0K | $1.0M | $979.0K | $996.0K | $1.0M | $957.0K | $925.0K | $946.0K | $932.0K |
| Stock-based compensation | $1.2M | $912.0K | $1.2M | $1.0M | $850.0K | $604.0K | $562.0K | $518.0K | $382.0K | $314.0K |
| Capital expenditure | $1.4M | $1.0M | $1.1M | $838.0K | $520.0K | $456.0K | $1.3M | $432.0K | $368.0K | $257.0K |
| Investing cash flow | -$965.0K | $16.7M | -$130.3M | -$331.3M | -$193.2M | -$201.5M | -$58.0M | -$53.7M | -$64.3M | -$26.4M |
| Financing cash flow | -$754.0K | $19.3M | $194.9M | $320.3M | $160.9M | $236.7M | $61.9M | $37.7M | $55.5M | $28.7M |
| Dividends paid | $6.1M | $4.3M | $4.2M | $3.8M | $3.3M | $3.2M | $3.0M | $2.8M | $2.7M | $2.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000880641-26-000009.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |