Evans Bancorp Inc. (EVBN) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE GRIMSBY DRIVE
HAMBURG, NY 14075
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,46723,054244,78597,60438,85739,915
Cash and cash equivalents23,46723,054244,78597,60438,85739,915
Receivables    13,0966,7177,596
Prepaid expense    1,4561,3671,451
Total current assets:23,46723,054244,785112,15646,94148,962
Noncurrent Assets
Operating lease, right-of-use asset3,7814,3924,8265,282 
Property, plant and equipment15,39716,99917,78919,30513,75410,485
Intangible assets, net (including goodwill), including:1,86213,92914,32914,95112,54512,992
Goodwill1,76812,70212,70212,71310,50010,500
Intangible assets, net (excluding goodwill)941,2271,6272,2382,0252,472
Other undisclosed intangible assets, net (including goodwill)     2020
Total noncurrent assets:21,04035,32036,94439,53826,29923,477
Other undisclosed assets2,064,1562,120,1361,928,9111,892,4211,386,9901,315,768
TOTAL ASSETS:2,108,6632,178,5102,210,6402,044,1151,460,2301,388,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt154,552193,59015,93213,1192,4253,142
Total current liabilities:154,552193,59015,93213,1192,4253,142
Noncurrent Liabilities
Liabilities, other than long-term debt    2,2171383,189
Accumulated deferred investment tax credit    2,076 2,996
Other liabilities    141138193
Total noncurrent liabilities:    2,2171383,189
Other undisclosed liabilities1,775,8921,830,9272,010,8161,859,8741,309,2141,250,230
Total liabilities:1,930,4442,024,5172,026,7481,875,2101,311,7771,256,561
Equity
Equity, attributable to parent178,219153,993183,892168,905148,453131,646
Common stock2,8032,7752,7442,7082,4672,429
Treasury stock, value(3,656)(3,891)    
Additional paid in capital82,71281,03178,79576,39463,30261,225
Accumulated other comprehensive loss(42,271)(49,278)(5,671)(719)(2,583)(5,353)
Retained earnings138,631123,356108,02490,52285,26773,345
Total equity:178,219153,993183,892168,905148,453131,646
TOTAL LIABILITIES AND EQUITY:2,108,6632,178,5102,210,6402,044,1151,460,2301,388,207

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues107,11189,93588,03779,44375,42866,977
Net investment income96,85079,48277,58068,83364,74057,612
Cost of revenue(18)     
Provision for loan, lease, and other losses(18)     
Gross profit:107,09389,93588,03779,44375,42866,977
Operating expenses(15,602)(14,790)(15,625)(20,693)(12,776)(10,345)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,7943,0842,8882,5182,3362,106
Operating income:93,28578,22975,30061,26864,98858,738
Nonoperating income21,092707853680656680
Investment income, nonoperating 20,160     
Bank owned life insurance income932707853680656680
Interest and debt expense(35,642)(6,527)(4,795)(9,051)(12,685)(9,505)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (42,857)(39,432)(40,089)(30,717)(31,274)
Income from continuing operations before equity method investments, income taxes:78,73529,55231,92612,80822,24218,639
Other undisclosed loss from continuing operations before income taxes(44,005)     
Income from continuing operations before income taxes:34,73029,55231,92612,80822,24218,639
Income tax expense(10,206)(7,163)(7,883)(1,562)(5,228)(2,283)
Income from continuing operations:24,52422,38924,04311,24617,01416,356
Income before gain (loss) on sale of properties:24,04311,24617,01416,356
Net income available to common stockholders, diluted:24,52422,38924,04311,24617,01416,356

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:24,52422,38924,04311,24617,01416,356
Other comprehensive income (loss)7,007(43,607)(4,952)1,8642,770(1,936)
Comprehensive income (loss), net of tax, attributable to parent:31,531(21,218)19,09113,11019,78414,420

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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