Apr. 25 at 8:19 PM
$EFSI reports Q1 2025 net loss of
$7M driven by
$12.4M securities repositioning hit. Adjusted net income
$2.8M (+11.5% YoY). Core deposits up 3.3%, dividend maintained at
$0.31. CEO touts 'transformation' post-NASDAQ uplist and capital raise, but nonperforming assets spike to 0.86% of total assets. Credit loss provisions up 5x QoQ. The balance sheet surgery hurts now - will the higher-yielding securities payoff materialize?
https://www.prnewswire.com/news-releases/eagle-financial-services-inc-announces-2025-first-quarter-financial-results-and-quarterly-dividend-302438645.html