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Eagle Financial Services, Inc. operates as the bank holding company for Bank of Clarke that provides various retail and commercial banking products and services in the United States. It operates through three segments: Community Banking, Marine Lending, and Wealth Management. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits, as well as other commercial deposit account services, such as ACH origination and remote deposit capture services. Its loan portfolio comprises one-to-four-family residential real estate, commercial real estate, construction and land development, and commercial and industrial loans, marine lending, and consumer lending, as well as secured and unsecured consumer loans, including personal installment loans, personal lines of credit, automobile loans, and credit card loans. In addition, the company offers advisory services and investment products, including individual retirement accounts, mutual funds, tax-deferred annuities, 529 college savings plans, life insurance, long term care insurance, brokerage certificates of deposit, and other brokerage services; non-deposit investment products; and title insurance products. Further, it provides debit cards; fiduciary services; online bill payment services; and telephone, internet, and mobile banking services. It operates through full-service branches, loan production offices, wealth management offices, and drive-through only facility. Eagle Financial Services, Inc. was founded in 1881 and is headquartered in Berryville, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $66M | - | $8M | $24M | 4.3% | 2.6% | -46.5% |
| 2024 | $65M | - | $15M | $18M | 12.9% | 2.7% | 64.0% |
| 2023 | $63M | - | $9M | $6M | 8.6% | 3.0% | -35.6% |
| 2022 | $61M | - | $15M | $13M | 14.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 61.26 | 63.08 | 64.77 | 66.45 |
| Pretax Income | 17.67 | 10.63 | 18.90 | 9.93 |
| Tax Provision | 3.15 | 1.28 | 3.56 | 1.71 |
| Net Income | 14.52 | 9.36 | 15.34 | 8.21 |
| Net Income Common Stockholders | 14.52 | 9.36 | 15.34 | 8.21 |
| Interest Expense | 5.47 | 32.84 | 40.09 | 36.39 |
| Interest Income | 54.58 | 82.57 | 90.69 | 98.62 |
| Selling General And Administration | 28.27 | 34.41 | 33.60 | 36.38 |
| Normalized Income | 14.53 | 8.96 | 12.37 | 8.52 |
| Basic EPS | 4.17 | 2.66 | 4.32 | 0 |
| Diluted EPS | 4.17 | 2.66 | 4.32 | 0 |
| Tax Effect Of Unusual Items | 0 | 0.05 | 0.69 | -0.06 |
| Tax Rate For Calcs | 0.18 | 0.12 | 0.19 | 0.17 |
| Total Unusual Items | -0.01 | 0.46 | 3.66 | -0.37 |
| Total Unusual Items Excluding Goodwill | -0.01 | 0.46 | 3.66 | -0.37 |
| Net Income From Continuing Operation Net Minority Interest | 14.52 | 9.36 | 15.34 | 8.21 |
| Reconciled Depreciation | 0.98 | 1 | 0.98 | 0.78 |
| Net Interest Income | 49.10 | 49.73 | 50.60 | 62.23 |
| Net Income From Continuing And Discontinued Operation | 14.52 | 9.36 | 15.34 | 8.21 |
| Diluted Average Shares | 3.48 | 3.52 | 3.55 | 0 |
| Basic Average Shares | 3.48 | 3.52 | 3.55 | 0 |
| Diluted NI Availto Com Stockholders | 14.52 | 9.36 | 15.34 | 8.21 |
| Net Income Including Noncontrolling Interests | 14.52 | 9.36 | 15.34 | 8.21 |
| Net Income Continuous Operations | 14.52 | 9.36 | 15.34 | 8.21 |
| Special Income Charges | -0.01 | 0.01 | 3.86 | -0.02 |
| Other Special Charges | 0.01 | -0.01 | -3.86 | 0.02 |
| Gain On Sale Of Security | -0.74 | 0 | 0 | -12.43 |
| Selling And Marketing Expense | 0.77 | 1.16 | 1.04 | 0.86 |
| General And Administrative Expense | 27.50 | 33.25 | 32.56 | 35.52 |
| Other Gand A | 1.16 | 1.36 | 1.07 | 1.37 |
| Insurance And Claims | 0.61 | 1.58 | 1.43 | 0.95 |
| Salaries And Wages | 25.73 | 30.31 | 30.06 | 33.20 |
| Operating Revenue | 61.26 | 63.08 | 64.77 | 66.45 |
| Occupancy And Equipment | 3.19 | 3.50 | 3.73 | 4.32 |
| Professional Expense And Contract Services Expense | 2.02 | 2.54 | 2.06 | 2.42 |
| Other Non Interest Expense | 8.26 | 10.75 | 9.14 | 9.94 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Eagle Financial Services, Inc.this co. | EFSI | $205M | 9.95↓ discount | 1.06 | 4.3% | - |
| OP Bancorp | OPBK | $215M | 7.89 | 0.94 | 11.2% | - |
| Open Lending Corporation | LPRO | $209M | - | 2.78 | -5.7% | 18.99 |
| Peoples Bancorp of North Carolina, Inc. | PEBK | $208M | 10.76 | 1.32 | 12.6% | - |
| Citizens Community Bancorp, Inc. |
| CZWI |
| $201M |
| 13.61 |
| 1.65 |
| 7.7% |
| - |
| Octave Specialty Group, Inc. | OSG | $199M | - | 0.28 | -24.1% | -35.44 |
| Consumer Portfolio Services, Inc. | CPSS | $198M | 11.40 | 0.64 | 6.2% | - |
| First Internet Bancorp | INBK | $197M | - | 0.55 | -9.8% | - |
| CPI Card Group Inc. | PMTS | $194M | 13.55 | -11.20 | -86.3% | 6.60 |
| Peer Median | - | 11.40 | 0.79 | 0.3% | 6.60 | |