Eagle Financial Services Inc. reported a significant improvement in its financial performance for the second quarter of 2025. The company achieved a record net income of $5.3 million, a turnaround from a net loss of $7.0 million in the previous quarter. This improvement was partly due to a strategic repositioning of the securities portfolio, which had previously resulted in a $12.4 million loss on the sale of securities in the first quarter of 2025. Net interest income for the quarter rose by $2.4 million or 17.7%, reaching $15.7 million. The company's funding profile improved as FHLB borrowings decreased by $25.0 million to a total of $40.0 million. During the quarter, Eagle Financial Services executed sales of $17.1 million in mortgage loans and $8.4 million in SBA loans, recognizing a gain on sale of $1.1 million. The efficiency ratio of the company improved from 72.20% to 64.91% over the quarter. President and CEO Brandon Lorey attributed the positive results to post-capital raise execution and strategic actions taken to enhance balance sheet efficiency. Eagle Financial Services' earnings per share for the quarter stood at $0.98, reflecting the company's strong performance in line with expectations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eagle Financial Services Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH37298) on July 24, 2025, and is solely responsible for the information contained therein.
Comments