Evans Bancorp, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 01, 2019 at 02:45 am IST
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Evans Bancorp, Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported net interest income of $12,373,000 against $11,160,000 a year ago. Net interest income after provision was $12,649,000 against $10,558,000 a year ago. Net income was $4,451,000 against $992,000 a year ago. Diluted net income per common share was $0.90 against $0.20 a year ago. Interest income was $15,309,000 against $12,794,000 a year ago.
For the year, the company reported net interest income of $48,107,000 against $42,017,000 a year ago. Net interest income after provision was $46,705,000 against $41,279,000 a year ago. Net income was $16,356,000 against $10,479,000 a year ago. Diluted net income per common share was $3.32 against $2.16 a year ago. Interest income was $57,612,000 against $47,748,000 a year ago.
Evans Bancorp, Inc. is a financial holding company. The Company conducts its business through its two direct, wholly owned subsidiaries: Evans Bank, National Association (the Bank), and the Bankâs subsidiaries, Evans National Leasing, Inc. (ENL), and Evans National Holding Corp. (ENHC); and Evans National Financial Services, LLC (ENFS). The Company operates through banking activities segment. The banking activities segment includes both commercial and consumer banking services, including a range of lending and depository services, as well as offering non-deposit investment products, such as annuities and mutual funds. The Bank operates through approximately eight branches providing financial services to consumer, business and municipal customers throughout Western New York.
EVANS BANCORP, INC. 
