EVBN - Earnings announcements

NORWICH, N.Y. and WILLIAMSVILLE, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. ("NBT") (NASDAQ:NBTB) and Evans Bancorp, Inc. ("Evans") (NYSE:EVBN) today announced they have entered into a definitive agreement pursuant to which Evans will merge with and into NBT. This merger will bring together two highly respected banking companies and extend NBT's growing footprint into Western New York. "We are enthusiastic about this opportunity to partner with Evans and are confident it is a high quality and incredibly impactful way to expand NBT's presence into Western New York," said NBT President and Chief Executive Officer Scott A. Kingsley. "Adding the greater Buffalo and Rochester co

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the second quarter ended June 30, 2024. The prior-year period includes business activity relating to The Evans Agency (TEA) prior to the sale to Arthur J. Gallagher & Co. on November 30, 2023. HIGHLIGHTS Net income per share was $0.53 in the second quarter, which was up 26% sequentially on higher revenue and lower expenses Second quarter net interest margin of 2.71% was above expectations due to balance sheet adjustments in the first quarter and ongoing deposit pricing strategy Total loan balances of $1.77

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its second quarter 2024 results after the close of financial markets on Tuesday, July 30, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2024 Conference Call Tuesday, July 30, 2024 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET on the day of the teleconference unt

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its first quarter 2024 results after the close of financial markets on Tuesday, April 30, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2024 Conference Call Tuesday, April 30, 2024 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET on the day of the teleconference unt

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the fourth quarter and full year ended December 31, 2023. HIGHLIGHTS Completed the sale of The Evans Agency ("TEA") to Arthur J. Gallagher & Co, netting a pretax gain of $20.2 million in the fourth quarter Repositioned balance sheet with sale of $78 million of investment securities – proceeds used to reduce short-term borrowings; resulted in recognized pretax loss of $5.0 million in the quarter but improves forward net interest income Total loan balances of $1.7 billion up 1% in the quarter and 3% year-ove

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its fourth quarter and full year 2023 results after the close of financial markets on Thursday, February 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2023 Conference Call Thursday, February 1, 2024 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the third quarter ended September 30, 2023. HIGHLIGHTS Total loan balances of $1.7 billion up 2% in the quarter and 5% year-over-year Net income of $3.6 million reflected continued net interest margin pressure, partially offset by prudent expense management Total non-interest expense declined 9% to $14.4 million over last year's third quarter Net interest margin of 2.79% declined 31 basis points sequentially, of which 8 basis points was attributable to the reversal of interest income from one non-accrua

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its third quarter 2023 results after the close of financial markets on Thursday, October 26, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2023 Conference Call Thursday, October 26, 2023 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET on the day of the teleconferen

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the second quarter ended June 30, 2023. SECOND QUARTER 2023 REVIEW (compared with prior-year period unless otherwise noted) Net income of $4.9 million reflected continued net interest margin pressure, partially offset by non-interest income growth and prudent expense management Total non-interest income of $4.7 million increased 2% year-over-year and up 14% sequentially Total non-interest expense declined 4% to $14.2 million, down 2% sequentially Total loan balances of $1.67 billion up 3.5% year-over-ye

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its second quarter 2023 results after the close of financial markets on Thursday, July 27, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2023 Conference Call Thursday, July 27, 2023 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET on the day of the teleconference u

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the first quarter ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Net income increased 22% to $5.8 million, or $1.06 per diluted share Results included $0.7 million provision release due to changes in loan balances and qualitative factors Total non-interest expense of $14.5 million was flat with last year and down 3% sequentially Average loan balances of $1.64 billion up 5% year-over-year and up 1% sequentially Average total deposits of $1.

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its first quarter 2023 results after the close of financial markets on Thursday, April 27, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2023 Conference Call Thursday, April 27, 2023 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 8:00 p.m. ET on the day of the teleconference u

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the fourth quarter and full year ended December 31, 2022. FOURTH QUARTER AND FULL YEAR 2022 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Fourth quarter net income of $6.0 million, or $1.10 per diluted share, which was up 3%; Full year 2022 earnings of $22.4 million successfully offset approximately $9 million of nonrecurring PPP fees in last year's earnings of $24.0 million Fourth quarter net interest income was $19.2 million compared with $19.7 in prior-year period, which included $3.9 mi

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its fourth quarter and full year 2022 results after the close of financial markets on Thursday, February 2, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2022 Conference Call Thursday, February 2, 2023 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on t

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the third quarter ended September 30, 2022. THIRD QUARTER 2022 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Achieved third quarter net income of $5.9 million, or $1.06 per diluted share; earnings reflect higher than typical loan loss provision compared with a credit to provision last year Generated net interest income growth of 6% overcoming a $2 million decrease in PPP fees as the program nears conclusion Total loan balances increased $87 million, or 5%, excluding PPP loans Total depo

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its third quarter 2022 results after the close of financial markets on Wednesday, October 26, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2022 Conference Call Wednesday, October 26, 2022 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on the day of the teleconference

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the second quarter ended June 30, 2022. SECOND QUARTER 2022 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Achieved second quarter net income of $5.7 million or $1.03 per diluted share Generated solid net interest income of $18.1 million despite significantly lower PPP fees as the program nears conclusion Total loan balances increased 4%, excluding PPP loans Total deposits of $1.97 billion increased 4% Efficiency ratio improved 142 basis points to 65.2% Net income was $5.7 million, o

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its second quarter 2022 results after the close of financial markets on Wednesday, July 27, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter 2022 Conference Call Wednesday, July 27, 2022 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on the day of the teleconference unt

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the first quarter ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Achieved first quarter net income of $4.7 million, or $0.86 per diluted share Net interest income was $16.5 million and reflected significantly lower PPP fees as the program approaches its conclusion Total loan balances increased 6%, excluding PPP loans Commercial and industrial loans increased $19 million, ex PPP Commercial real estate loans were up $19 million Residential mortg

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its first quarter 2022 results after the close of financial markets on Wednesday, April 27, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter 2022 Conference Call Wednesday, April 27, 2022 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on the day of the teleconference unt

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the fourth quarter and full year ended December 31, 2021. FOURTH QUARTER AND FULL YEAR 2021 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Achieved fourth quarter net income of $5.9 million, or $1.06 per diluted share, and a record $24.0 million, or $4.37 per diluted share, for 2021 Net interest income increased 20% to $19.7 million in the fourth quarter, reflecting accelerated amortization of Paycheck Protection Program ("PPP") fees, higher interest on non-accrual loans that paid off, amort

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its fourth quarter and full year 2021 results after the close of financial markets on Thursday, February 3, 2022. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2021 Conference Call Thursday, February 3, 2022 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on t

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the third quarter ended September 30, 2021. THIRD QUARTER 2021 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Net interest income increased 16% to $18.2 million reflecting accelerated amortization of Paycheck Protection Program ("PPP") fees, higher commercial loan prepayment fees and lower interest expense Results include $1.5 million release of allowance for loan losses due to improved credit quality in the hotel portfolio and lower specific reserves Total deposits of $1.88 billion, incre

Evans Bancorp, Inc. (the "Company") (NYSE:EVBN), a community financial services company serving Western New York since 1920, announced that it will release its third quarter 2021 results after the close of financial markets on Thursday, October 28, 2021. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter 2021 Conference Call Thursday, October 28, 2021 4:45 p.m. Eastern Time Phone: (201) 689-8471 Internet Webcast: www.evansbancorp.com A telephonic replay will be available from 7:45 p.m. ET on the day of the teleconference u

Evans Bancorp, Inc. (the "Company" or "Evans") (NYSE:EVBN), a community financial services company serving Western New York since 1920, today reported results of operations for the second quarter ended June 30, 2021. Results include the acquisition of Fairport Savings Bank ("FSB"), effective May 1, 2020. SECOND QUARTER 2021 HIGHLIGHTS (compared with prior-year period unless otherwise noted) Net interest income increased 23% to $18.4 million reflecting higher interest-earning assets and accelerated amortization of Paycheck Protection Program ("PPP") fees Loan portfolio increased 4%, excluding PPP loans, on solid commercial real estate and residential mortgage originations Results incl