Eagle Financial Services Declares $0.31 Quarterly Dividend
Eagle Financial Services, Inc. (NASDAQ: EFSI), the holding company for Bank of Clarke, announced a quarterly cash dividend of $0.31 per common share. The dividend is payable May 15 to shareholders of record on May 4.
Eagle Financial Services, Inc. (NASDAQ: EFSI), the holding company for Bank of Clarke, a community bank operating in Virginia, declared a quarterly cash dividend of $0.31 per common share. The board of directors approved the dividend on April 23, 2026. Read more dividend announcements.
Shareholders of record on May 4, 2026 will receive the payment on May 15, 2026.
| Dividend Details | |
|---|---|
| Amount | $0.31 per share |
| Record Date | May 4, 2026 |
| Payment Date | May 15, 2026 |
| Frequency | Quarterly |
First Quarter Performance
The dividend announcement accompanied the company's first quarter 2026 results. Eagle Financial reported net income of $3.7 million for the quarter ended March 31, 2026, compared to a net loss of $7.0 million in the same period last year. Earnings per share reached $0.69, up from a loss of $1.53 per share in the prior year quarter.
Net interest margin improved to 3.63% for the first quarter of 2026 from 2.98% a year earlier. The metric also ticked up from 3.61% in the fourth quarter of 2025. Net interest spread widened to 2.80% from 2.74% in the prior quarter.
Return on average equity stood at 7.98% for the quarter, while return on average assets reached 0.81%. Both metrics improved from the prior year period, which reflected losses from balance sheet repositioning transactions.
Capital Position
Total consolidated equity increased $13.9 million to $190.3 million at March 31, 2026 compared to the same date in 2025. The increase came primarily from retained earnings generated by net income.
Bank of Clarke maintained its status as well capitalized under FDIC regulatory standards as of March 31, 2026. The company's accumulated other comprehensive loss related to securities available for sale stood at $6.0 million, reflecting unrealized losses on fixed income debt securities due to higher market interest rates.
Total outstanding borrowings decreased to $29.6 million at March 31, 2026 from $94.5 million a year earlier, primarily due to the paydown of Federal Home Loan Bank advances.