Eagle Financial Q3 EPS Slips to $0.88; NIM Rises to 3.95%, Dividend Held at $0.31
EFSI sits 48% above its 52-week low of $31.44 on elevated volume (2.3× avg).
Summary
Eagle Financial earned $4.75M, or $0.88 per share, in Q3 2026, down from $1.04 a year ago, but adjusted EPS of $0.93 beat last year after excluding merger costs. Net interest margin widened to 3.95% and the dividend held at $0.31 ahead of the November 19 merger vote.
Updates
· Reuters — Eagle Financial Services Inc reported quarterly adjusted earnings of 93 cents per share for the quarter ended September 30, versus the mean estimate of 88 cents per share.
- Reported EPS for the quarter was 88 cents.
- Revenue rose 2.5% to $22.93 million; analysts expected $22.11 million.
- Adjusted EPS of 93 cents for the quarter ended September 30 was lower than the same quarter last year, when EPS was $1.04.
Key Events · Earnings and Guidance · EFSI
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Q3 EPS Falls to $0.88
Net income was $4.75 million, or $0.88 per share, versus $5.58 million and $1.04 in Q3 2025. Adjusted for $342 thousand of pre-tax merger expenses, net income was $5.02 million, or $0.93 per share.
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Margin Widens to 3.95%
Net interest margin rose from 3.86% in Q2 2026 and 3.58% in Q3 2025, helped by paying off FHLB advances and the runoff of higher-cost time deposits. Net interest income was $17.6 million, up 3.9% from the linked quarter.
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Provision Drops to $1.3M
The provision for credit losses fell from $3.2 million in Q2 2026 to $1.3 million, with net charge-offs of $1.0 million. Nonperforming assets of $16.0 million are still up 12.1% from a year ago.
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Expenses Up 12.4% Year Over Year
Noninterest expense rose to $16.1 million from $14.3 million, driven by salaries and benefits as full-time employees grew from 249 to 262.
Analysis · EFSI · Finance
The headline earnings decline masks a cleaner quarter: adjusted net income of $5.02M, or $0.93 per share, strips out $342 thousand of merger costs and tops last year's $5.58M GAAP figure. Margin did the heavy lifting, widening to 3.95% from 3.58% a year ago as FHLB advances were paid off and high-cost time deposits ran off, while the credit-loss provision dropped to $1.3 million from $3.2 million in the linked quarter. Against that, noninterest expense rose 12.4% year over year to $16.1 million on higher salaries and headcount (249 to 262 FTEs), and nonperforming assets of $16.0 million are up 12.1% from a year ago. The $0.31 dividend is unchanged. All of this lands five weeks before the November 19 shareholder vote on the $253 million all-stock merger with John Marshall Bancorp, making it the last full quarter investors see before that decision.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EFSI was trading at $46.51 on NASDAQ in the Finance sector, with a market capitalization of approximately $251.8M. The 52-week trading range was $31.44 to $48.17. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.