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    Eagle Financial Services (EFSI)

    Market Price (10/9/2026): $45.72 | Market Cap: $247.4 MilSector: Financials | Industry: Regional Banks

    Eagle Financial Services (EFSI)

    Market Price (10/9/2026): $45.72
    Market Cap: $247.4 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%

    Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

    Low stock price volatility
    Vol 12M is 26%

    Megatrend and thematic drivers
    Megatrends include Community Financial Services. Themes include Local Economic Growth Facilitation, Localized Financial Counseling, and Regional Deposit Solutions.

    Trading close to highs
    Dist 52W High is -1.7%, Dist 3Y High is -1.7%

    Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x

    Key risks
    EFSI key risks include [1] uncertainty over the stability of $151.7 million in new deposits, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%
    2 Strong revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51%
    3 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
    4 Low stock price volatility
    Vol 12M is 26%
    5 Megatrend and thematic drivers
    Megatrends include Community Financial Services. Themes include Local Economic Growth Facilitation, Localized Financial Counseling, and Regional Deposit Solutions.
    6 Trading close to highs
    Dist 52W High is -1.7%, Dist 3Y High is -1.7%
    7 Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x
    8 Key risks
    EFSI key risks include [1] uncertainty over the stability of $151.7 million in new deposits, Show more.

    EFSI in ETFs

    Weight = EFSI's share of each fund

    VTI0.00%
    IWM0.01%
    AVUV0.01%
    VTWO0.01%
    IWN0.00%
    DFAS0.00%
    DFAC0.00%

    Valuation & Metrics

    FYE: 12/31EFSI [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$87.1 Mil—
    FY 2026 Sales$87.2 Mil—
    FY 2027 Sales$90.5 Mil—
    FY 2026 Sales Growth0.2%—
    FY 2027 Sales Growth3.7%13.1%
    EARNINGS
    LTM Net Income (GAAP) [3]$18.6 Mil—
    FY 2026 Net Income (Non-GAAP)$14.4 Mil—
    FY 2027 Net Income (Non-GAAP)$19.9 Mil—
    FY 2027 Net Income Growth38.5%18.8%
    FY 2026 EPS (Non-GAAP)$2.83—
    FY 2027 EPS (Non-GAAP)$3.36—
    FY 2027 EPS Growth18.9%—
    VALUATION
    FY 2026 P/S2.81.7
    FY 2027 P/S2.7—
    FY 2026 P/E17.27.8
    FY 2027 P/E12.4—

    [1] EFSI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 10/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    EFSIS&P 500
    REVENUE GROWTHVERY GOOD
    Rev LTM ($ Bil)0.1
    Rev Chg Q25.0%9.3%
    Rev Chg LTM50.9%8.3%
    Rev Chg 3Y Avg14.2%5.8%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM10.5%21.9%
    Net Inc Mgn21.4%13.2%
    VALUATIONLOW
    P/S2.83.0
    P/CFO27.014.4
    P/FCF30.718.6
    P/E13.321.5

    AI Analysis | Feedback

    MetricValueDateSource
    Net Interest Margin3.58%9302025Link
    Efficiency Ratio64.06%9302025Link
    Annualized Return on Average Equity12.20%9302025Link
    Annualized Return on Average Assets1.10%9302025Link
    Nonperforming Assets to Total Assets0.74%9302025Link
    Book Value Per Share$34.529302025Link
    Core Deposits as a Percentage of Total Deposits79%9302025Link

    Price Chart

    Upcoming
    10/22/2026Earnings ReleaseRev: $22 Mil (E)
    EPS: $0.88 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 10/1/2026

    Eagle Financial Services (EFSI) stock has gained about 10% since 6/30/2026 because of the following key factors:

    1. Acquisition by John Marshall Bancorp.

    Eagle Financial Services (EFSI) announced an all-stock merger agreement with John Marshall Bancorp (JMSB) on September 8, 2026. This strategic transaction valued EFSI at approximately $253 million, or $46.72 per share, which represented an 11.5% premium to EFSI's closing stock price of $41.90 on September 4, 2026. This announcement served as a primary catalyst for the stock's appreciation during the specified period.

    2. Expansion of Net Interest Margin.

    In fiscal Q2 2026, which ended in June 2026, Eagle Financial Services reported a substantial improvement in its net interest margin (NIM), which expanded to 3.86%. This represented a 23-basis point increase from fiscal Q1 2026. This expansion was largely attributed to reduced funding costs and a favorable shift in its deposit mix, contributing to a sequential rise of 6.7% in net interest income, reaching $16.9 million. The positive implications of this robust Q2 performance continued to influence investor sentiment in the subsequent period.

    Show more
    Updated on 10/1/2026

    Eagle Financial Services (EFSI) stock has gained about 10% since 6/30/2026 because of the following key factors:

    1. Acquisition by John Marshall Bancorp.

    Eagle Financial Services (EFSI) announced an all-stock merger agreement with John Marshall Bancorp (JMSB) on September 8, 2026. This strategic transaction valued EFSI at approximately $253 million, or $46.72 per share, which represented an 11.5% premium to EFSI's closing stock price of $41.90 on September 4, 2026. This announcement served as a primary catalyst for the stock's appreciation during the specified period.

    2. Expansion of Net Interest Margin.

    In fiscal Q2 2026, which ended in June 2026, Eagle Financial Services reported a substantial improvement in its net interest margin (NIM), which expanded to 3.86%. This represented a 23-basis point increase from fiscal Q1 2026. This expansion was largely attributed to reduced funding costs and a favorable shift in its deposit mix, contributing to a sequential rise of 6.7% in net interest income, reaching $16.9 million. The positive implications of this robust Q2 performance continued to influence investor sentiment in the subsequent period.

    3. Robust Net Loan Growth.

    The company experienced strong net loan growth during fiscal Q2 2026, as highlighted in its Q2 earnings release on July 23, 2026. While specific quantitative details for Q3 2026 were not yet available, the positive momentum from Q2's loan growth continued to be a significant factor in the company's performance and investor perception since the end of June 2026.

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    Stock Movement Drivers

    Fundamental Drivers

    The 11.3% change in EFSI stock from 6/30/2026 to 10/8/2026 was primarily driven by a 13.0% change in the company's P/E Multiple.
    (LTM values as of)630202610082026Change
    Stock Price ($)41.1445.8011.3%
    Change Contribution By: 
    Total Revenues ($ Mil)82876.1%
    Net Income Margin (%)23.1%21.4%-7.2%
    P/E Multiple11.813.313.0%
    Shares Outstanding (Mil)550.0%
    Cumulative Contribution11.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2026 to 10/8/2026
    ReturnCorrelation
    EFSI11.3% 
    Market (SPY)3.6%-10.7%
    Sector (XLF)1.2%-7.3%

    Fundamental Drivers

    The 33.0% change in EFSI stock from 3/31/2026 to 10/8/2026 was primarily driven by a 72.5% change in the company's Net Income Margin (%).
    (LTM values as of)331202610082026Change
    Stock Price ($)34.4345.8033.0%
    Change Contribution By: 
    Total Revenues ($ Mil)668731.6%
    Net Income Margin (%)12.4%21.4%72.5%
    P/E Multiple22.513.3-41.0%
    Shares Outstanding (Mil)55-0.6%
    Cumulative Contribution33.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 10/8/2026
    ReturnCorrelation
    EFSI33.0% 
    Market (SPY)19.3%3.6%
    Sector (XLF)10.2%10.6%

    Fundamental Drivers

    The 25.1% change in EFSI stock from 9/30/2025 to 10/8/2026 was primarily driven by a 56.2% change in the company's Net Income Margin (%).
    (LTM values as of)930202510082026Change
    Stock Price ($)36.6245.8025.1%
    Change Contribution By: 
    Total Revenues ($ Mil)588750.9%
    Net Income Margin (%)13.7%21.4%56.2%
    P/E Multiple24.913.3-46.6%
    Shares Outstanding (Mil)55-0.6%
    Cumulative Contribution25.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2025 to 10/8/2026
    ReturnCorrelation
    EFSI25.1% 
    Market (SPY)17.1%18.5%
    Sector (XLF)1.9%31.9%

    Fundamental Drivers

    The 102.7% change in EFSI stock from 9/30/2023 to 10/8/2026 was primarily driven by a 99.0% change in the company's P/E Multiple.
    (LTM values as of)930202310082026Change
    Stock Price ($)22.5945.80102.7%
    Change Contribution By: 
    Total Revenues ($ Mil)638738.4%
    Net Income Margin (%)18.9%21.4%13.0%
    P/E Multiple6.713.399.0%
    Shares Outstanding (Mil)45-34.8%
    Cumulative Contribution102.7%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2023 to 10/8/2026
    ReturnCorrelation
    EFSI102.7% 
    Market (SPY)87.3%31.8%
    Sector (XLF)70.7%36.2%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    EFSI Return0%0%0%26%36%17%102%
    Peers Return41%1%-15%2%18%26%83%
    S&P 500 Return27%-19%24%23%16%14%108%

    Monthly Win Rates [3]
    EFSI Win Rate0%0%0%8%67%70% 
    Peers Win Rate58%53%45%45%63%70% 
    S&P 500 Win Rate75%42%67%75%67%50% 

    Max Drawdowns [4]
    EFSI Max Drawdown0%0%0%0%-14%-20% 
    Peers Max Drawdown-19%-21%-45%-32%-23%-14% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: BRBS, FVCB, VABK, CFFI, NKSH.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 10/8/2026 (YTD)

    How Low Can It Go

    EventEFSIS&P 500
    2020 COVID-19 Crash
      % Loss-29.7%-33.7%
      % Gain to Breakeven42.3%50.9%
      Time to Breakeven1780 days140 days
    2008-2009 Global Financial Crisis
      % Loss-49.7%-53.4%
      % Gain to Breakeven98.6%114.4%
      Time to Breakeven1164 days1085 days

    Compare to BRBS, FVCB, VABK, CFFI, NKSH

    In The Past

    Eagle Financial Services's stock fell -9.2% during the 2025 US Tariff Shock. Such a loss loss requires a 10.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventEFSIS&P 500
    2020 COVID-19 Crash
      % Loss-29.7%-33.7%
      % Gain to Breakeven42.3%50.9%
      Time to Breakeven1780 days140 days
    2008-2009 Global Financial Crisis
      % Loss-49.7%-53.4%
      % Gain to Breakeven98.6%114.4%
      Time to Breakeven1164 days1085 days

    Compare to BRBS, FVCB, VABK, CFFI, NKSH

    In The Past

    Eagle Financial Services's stock fell -9.2% during the 2025 US Tariff Shock. Such a loss loss requires a 10.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Eagle Financial Services (EFSI)

    Eagle Financial Services, Inc. (EFSI) is a bank holding company that operates Bank of Clarke County, offering a broad spectrum of retail and commercial banking products and services. The company focuses its operations within the Shenandoah Valley and Northern Virginia regions, serving both individual consumers and businesses.

    EFSI's main offerings include a variety of deposit products such as checking, savings, money market, and NOW accounts. Its loan portfolio is extensive, featuring residential and commercial real estate loans, construction and land development loans, commercial and industrial loans, and various consumer loans like personal installment loans, auto loans, and credit cards. Beyond traditional banking, the company provides personal and retirement plan services, a range of investment products (including annuities, IRAs, mutual funds, and life insurance), and title insurance products.

    The company's primary customers are individuals and businesses located in its target geographic markets. EFSI facilitates access to its services through a network of twelve full-service branches, two loan production offices, a wealth management office, and 13 ATM locations across key Virginia communities such as Berryville, Winchester, Purcellville, Warrenton, Leesburg, Ashburn, and Fairfax, ensuring a strong local presence for its client base.

    AI Analysis | Feedback

    It's a full-service regional bank for Northern Virginia, similar to a smaller, community-focused version of PNC Bank.

    Imagine a local version of Wells Fargo, offering everything from checking accounts to investment services, but operating exclusively in the Shenandoah Valley and Northern Virginia.

    AI Analysis | Feedback

    • Deposit Services: Facilitating savings and money management through various checking, savings, and time deposit accounts.
    • Lending Services: Providing a wide range of loans including residential, commercial, construction, industrial, and consumer loans.
    • Wealth Management & Investment Services: Offering financial planning, investment products, and insurance solutions for individuals and retirement plans.
    • Title Insurance: Providing insurance coverage to protect against financial loss due to defects in real estate titles.

    AI Analysis | Feedback

    Eagle Financial Services (EFSI), through its subsidiary Bank of Clarke County, serves a diverse customer base, encompassing both individual consumers and various types of businesses. Given the nature of a banking institution, its customer base is best described through categories rather than specific named companies.

    The company's major customers fall into the following categories:

    1. Individual Consumers: This category includes individuals and households in the Shenandoah Valley and Northern Virginia who utilize retail banking products and services. These services include checking, NOW, money market, and regular savings accounts; demand and time deposits; one-to-four-family residential real estate loans; secured and unsecured consumer loans (such as personal installment loans, lines of credit, automobile loans, and credit card loans); personal and retirement plan services; and various investment and insurance products.
    2. Commercial Businesses: This category comprises businesses of varying sizes within its service areas that require commercial banking products and services. This includes commercial deposit accounts (like ACH origination and remote deposit capture), commercial and industrial loans for operational needs, and other financial services tailored for businesses.
    3. Real Estate Developers and Investors: A specialized segment of commercial customers, this category includes entities engaged in real estate development and investment. They are served through specific loan products such as commercial real estate loans and construction and land development loans.

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    Brandon C. Lorey, President and CEO

    Mr. Lorey became President and CEO of Bank of Clarke County on July 8, 2019, and also serves as President and CEO of Eagle Financial Services Inc.. He previously held the position of Executive Vice President / Head of Consumer / Business Banking for United Bank, a $7.3 billion asset bank based in Connecticut, from 2013 to 2019. His prior experience includes leadership roles at H&R Block Bank, Sovereign Bank, and Chevy Chase Federal Savings Bank. With over 28 years in senior leadership within the banking industry, he is recognized as a profit-focused leader, strategist, and turnaround specialist.

    Kathleen J. Chappell, Executive Vice President, Chief Financial Officer

    Mrs. Chappell has served as Executive Vice President and Chief Financial Officer of Eagle Financial Services, Inc. and Senior Vice President and CFO of Bank of Clarke County since January 2009. Before joining Bank of Clarke in 2009, she was Senior Vice President and Chief Financial Officer of Middleburg Financial Corporation from 2005 to 2008.

    Joseph T. Zmitrovich, President and Chief Banking Officer

    Mr. Zmitrovich was appointed President and Chief Banking Officer for Bank of Clarke County on May 31, 2022, and also serves as President and Chief Banking Officer of Eagle Financial Services Inc.'s subsidiary, Bank of Clarke. He joined the Bank in 2016 and advanced through several roles, including Senior Vice President & Chief Lending Officer (2016–2019), Executive Vice President & Chief Revenue Officer (2019–2020), and Executive Vice President & Chief Banking Officer (2021–May 2022). With over 29 years of banking experience, his previous positions include Market President of the Southern Pennsylvania region for BB&T (2015-2016) and Senior Vice President and Commercial Executive for Susquehanna Bank (2008-2015). He is involved in the Bank's merger and acquisition strategy.

    Kaley P. Crosen, Executive Vice President, Chief Human Resources Officer

    Mrs. Crosen serves as Executive Vice President, Chief Human Resources Officer of the Bank and Secretary of the Company. She joined Bank of Clarke in 1998 and previously held the title of Senior Vice President of Human Resources through 2019.

    Nicholas P. Smith, Executive Vice President, Corporate Strategy & Investor Relations

    Mr. Smith is the Executive Vice President, Corporate Strategy & Investor Relations for Eagle Financial Services. He joined Bank of Clarke in 2023. Prior to this role, Mr. Smith was Vice President, Corporate Development & Investor Relations at Equity Bank and an analyst at United Bank in Connecticut.

    AI Analysis | Feedback

    1. Geographic Concentration Risk: Eagle Financial Services, Inc. operates solely in the Shenandoah Valley and Northern Virginia, with all its branches, loan production offices, and ATMs located within specific communities in Virginia. This geographic concentration makes the company highly susceptible to adverse economic, demographic, competitive, or regulatory conditions unique to this specific region, which could disproportionately impact its financial performance and asset quality.

    2. Exposure to Real Estate Market Fluctuations: A significant portion of the company's loan portfolio is concentrated in one-to-four-family residential real estate, commercial real estate, and construction and land development loans. This substantial exposure, particularly within its limited geographic operating area, subjects Eagle Financial Services to considerable risk from downturns, instability, or declines in property values within the regional real estate market. Such fluctuations could lead to increased loan defaults, reduced collateral values, and impaired asset quality.

    AI Analysis | Feedback

    The clear emerging threat for Eagle Financial Services is the continued rise and increasing market penetration of digital-only banks (neobanks) and specialized fintech companies. These competitors leverage technology to offer banking products and services, including checking, savings, loans, and investment services, often with lower fees, higher interest rates, and more user-friendly mobile-first experiences, without the significant overhead associated with a traditional physical branch network. This trend directly challenges EFSI's established branch-based operating model, its ability to attract and retain customers who prefer digital interactions, and its competitive standing across its deposit, lending, and wealth management offerings.

    AI Analysis | Feedback

    Addressable Markets for Eagle Financial Services' Main Products and Services:

    • Commercial Banking: The Commercial Banking industry in Virginia is experiencing growth, with its market size increasing at an average annual rate of 9.2% from 2021 to 2026. Northern Virginia specifically stands out as a significant financial hub, supporting private banking, wealth management, and fintech, with over 3,500 financial firms in Fairfax County alone.
    • Deposits: Banks operating in Virginia collectively held $296 billion in deposits.
    • Real Estate Loans (Residential and Commercial): The broader Real Estate Loans & Collateralized Debt industry in Virginia is projected to reach a market size of $108.4 billion in 2026.
      • Commercial Real Estate Loans: The commercial real estate market in Virginia generated approximately $30 billion in annual transaction volume, with the total commercial real estate lending volume in the state recorded as $19.2 billion in 2024.
      • Residential Real Estate Loans: In 2025, Virginia saw 103,722 home sales with an annual median sales price of $425,000. New home loans booked in Virginia during 2024 amounted to $35.2 billion, encompassing 81,259 loans.
    • Small Business Loans (Commercial and Industrial Loans): Small business loans in Virginia totaled $14 billion, comprising 595.6 thousand loans. The North American commercial lending market is projected to reach USD 2,892.50 billion by 2025.
    • Wealth Management and Investment Services: The Portfolio Management & Investment Advice industry in Virginia is projected to have a market size of $5.7 billion in 2026. Globally, the wealth management platform market was valued at USD 3.73 billion in 2025 and is projected to grow to USD 9.99 billion by 2034. North America held the largest share of this market, valued at USD 1.26 billion in 2025.
    • Title Insurance: The Property, Casualty and Direct Insurance industry in Virginia, which includes title insurance, demonstrated an average annual growth rate of 3.5% from 2020 to 2025. The global title insurance market was valued at $4.01 billion in 2024 and is projected to grow to $5.893 billion by 2035. North America is identified as the largest regional market for title insurance.

    AI Analysis | Feedback

    Eagle Financial Services (NASDAQ: EFSI) is expected to drive future revenue growth over the next two to three years through several strategic initiatives:

    1. Expansion into High-Growth Virginia Counties and New Markets: Eagle Financial Services plans to leverage its existing funding base in traditional markets to capitalize on robust lending opportunities in high-growth Virginia counties. The company has demonstrated this strategy through the opening of new branches and loan production offices in areas such as Loudoun County, Leesburg, Ashburn, Warrenton, and McLean, VA, which is anticipated to increase market share and sustain revenue growth.
    2. Growth in Wealth Management Services: The Wealth Management division has consistently contributed to the company's non-interest income. This segment recorded over $1.3 million in income in 2023 and saw significant growth in assets under management in previous years. Further expansion and optimization of these services, which include investment and asset management, as well as trust and estate administration, are expected to be key revenue drivers.
    3. Enhanced Commercial Lending, including Government Contractor Banking: The company has a historical track record of strong growth in its commercial lending group, which significantly contributes to its overall loan and deposit performance. A specialized focus on Government Contractor Banking in the Greater Washington Region provides tailored lending programs and deposit solutions for businesses with government contracts, presenting a unique avenue for loan portfolio expansion and associated interest income.
    4. Deepening Existing Customer Relationships and Core Deposit Growth: By strengthening relationships with current customers and attracting new core deposits, Eagle Financial Services can secure a more stable and lower-cost funding base. This core deposit growth directly supports the bank's ability to originate more loans, thereby increasing interest income. The company has highlighted growth in core deposits in recent earnings reports, emphasizing its importance in funding operations and expanding lending activities.

    AI Analysis | Feedback

    1. Share Repurchases

    • In 2024, Eagle Financial Services repurchased 7,868 shares of its common stock at an average price of $30.08 per share, totaling approximately $236,654.
    • A buyback plan was authorized on June 18, 2025.
    • As of a "Purchase Plan 2025," there was a remaining authorized repurchase amount of $50.0 million.

    2. Share Issuance

    • In February 2025, Eagle Financial Services completed a public offering of 1,562,500 shares of its common stock at a price of $32.00 per share, with expected net proceeds of approximately $47.0 million.
    • Following this, the underwriters exercised their overallotment option for an additional 234,375 shares of common stock at $32.00 per share.
    • Combined, the public offering and overallotment option resulted in the issuance of 1,796,875 shares, generating a total of $57,500,000 in proceeds (1,796,875 shares multiplied by $32.00 per share). This was part of a $53.5 million public offering of 1,796,875 shares completed in Q1 2025.

    4. Outbound Investments

    • In March 2025, Eagle Financial Services restructured its investment securities portfolio, which involved selling approximately $100 million in securities and purchasing $72 million in higher-yield securities to improve core net income and net interest margin.

    5. Capital Expenditures

    • In September 2025, Eagle Financial Services Inc. expanded its operational footprint by opening a new full-service retail branch in McLean, Virginia. This marked the bank's first branch in Fairfax County and its second new location since 2022.
    • The company also had plans for the opening of a new branch in Tysons Corner by the fourth quarter of 2025.

    Peer Outperformance in Regional Banks

    EFSI has outperformed 84% of its 259 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that EFSI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    53%
    of 283 industry peers · 27.3% return
    3Y
    61%
    of 271 industry peers · 102.7% return
    5Y
    84%
    of 259 industry peers · 102.7% return
    No Regional Banks peer with a comparable growth profile has beaten EFSI by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is EFSI's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 16.6%67.5%115.8% SPNT 166% · RGA 137% · RNR 133%
    Investment Banking & Brokerage 13 -7.3%97.0%93.3% IBKR 396% · SNEX 192% · HOOD 156%
    Diversified Banks 12 28.4%124.1%91.3% CM 133% · RY 121% · JPM 120%
    Life & Health Insurance 20 9.9%52.5%85.6% JXN 508% · UNM 280% · MFC 170%
    Multi-Sector Holdings 4 3.7%52.9%72.0% JONE 362% · BRK-B 80% · VOYA 64%
    Property & Casualty Insurance 42 6.9%71.8%59.5% ASIC 2692900% · HRTG 403% · UVE 322%
    Multi-line Insurance 9 6.4%70.4%52.0% GNW 137% · L 91% · AIZ 83%
    Regional Banks ← 260 25.9%88.4%48.7% GCBC 334% · ESQ 297% · NBN 247%
    Financial Exchanges & Data 15 0.5%18.5%29.5% VIRT 169% · CBOE 149% · CME 69%
    Consumer Finance 30 3.4%86.3%20.6% ENVA 406% · EZPW 278% · FCFS 160%
    Diversified Financial Services 4 -11.9%16.9%15.1% FRHC 160% · EQH 92% · TMS -62%
    Insurance Brokers 16 -22.9%-6.3%10.4% LIFE 307% · ARX 88% · CRD-A 63%
    Asset Management & Custody Banks 82 -10.9%16.8%9.8% WT 339% · SII 262% · VCTR 255%
    Commercial & Residential Mortgage Finance 13 -54.3%14.0%-4.1% FNMA 442% · FMCC 413% · ACT 180%
    Specialized Finance 3 5.8%34.1%-11.7% EFC 16% · CACC -12% · HASI -14%
    Mortgage REITs 33 -16.3%0.9%-29.0% NREF 47% · RITM 29% · DX 17%
    Transaction & Payment Processing Services 17 -5.3%-5.6%-41.1% V 69% · MA 66% · CPAY 53%
    Diversified Capital Markets 20 -49.9%15.6%-61.7% OPY 158% · LPLA 101% · GOLD 45%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

    Title
    0ARTICLES

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    PCRXPacira BioSciences1.445.5%40.6%
    OPCHOption Care Health4.737.5%-2.5%
    RXORXO4.935.4%128.9%
    PTCPTC22.232.3%11.2%
    PENGPenguin Solutions3.630.2%265.9%
    LWLamb Weston6.820.1%21.0%
    PRMEPrime Medicine0.619.7%3.2%
    QDELQuidelOrtho0.819.6%-56.5%
    SOCSable Offshore0.617.3%-57.2%
    PCVXVaxcyte9.416.0%40.9%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    AVBPArriVent BioPharma0.8-42.2%-16.9%
    ANGOAngioDynamics0.5-25.7%-12.5%
    NUAINew Era Energy & Digital0.5-24.2%64.8%
    BRUNBoost Run0.7-23.9%-42.3%
    SHAZSharonAI0.7-21.7%-57.8%
    EMATEvolution Metals & Technologies1.1-21.1%-92.0%
    ALMRAlamar Biosciences1.5-20.2%17.8%
    APMDApnimed0.7-19.2%-27.1%
    TWSTTwist Bioscience9.5-19.1%379.4%
    STXSeagate Technology174.3-18.1%182.3%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    MYPSPLAYSTUDIOS0.5772.2%548.8%
    KODKodiak Sciences5.9179.0%237.1%
    PACBPacific Biosciences of California0.778.3%23.0%
    GRALGRAIL5.771.2%54.9%
    DNAGinkgo Bioworks0.767.0%36.5%
    IOVAIovance Biotherapeutics6.057.9%387.5%
    BALYBallys0.857.5%-15.4%
    PEverpure50.155.1%124.8%
    PTCPTC22.250.3%11.2%
    SECZSecuritize1.950.2%2.9%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    CTVACorteva9.2-83.8%-79.3%
    LQDALiquidia2.5-59.5%-18.8%
    XNDUXanadu Quantum Technologies1.2-54.5%-64.2%
    QUREuniQure1.5-51.0%-5.8%
    EMATEvolution Metals & Technologies1.1-46.9%-92.0%
    GLASGlass House Brands0.4-45.8%-50.2%
    NKTRNektar Therapeutics1.3-44.4%-3.5%
    AVBPArriVent BioPharma0.8-43.9%-16.9%
    XENEXenon Pharmaceuticals3.6-38.7%-19.3%
    SWRDStewards0.5-38.0%-50.2%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    EFSIBRBSFVCBVABKCFFINKSHMedian
    NameEagle Fi.Blue Rid.FVCBankc.Virginia.C&F Fina.National. 
    Mkt Price45.723.9017.5649.74101.7043.3044.51
    Mkt Cap0.20.30.30.30.30.30.3
    Rev LTM878472591366078
    Op Inc LTM-------
    FCF LTM8213223391822
    FCF 3Y Avg14142316361215
    CFO LTM9233223432023
    CFO 3Y Avg15152317391416

    Growth & Margins

    EFSIBRBSFVCBVABKCFFINKSHMedian
    NameEagle Fi.Blue Rid.FVCBankc.Virginia.C&F Fina.National. 
    Rev Chg LTM50.9%-5.4%16.3%6.0%4.4%20.8%11.2%
    Rev Chg 3Y Avg14.2%-14.6%10.0%-3.7%3.0%3.6%3.3%
    Rev Chg Q25.0%-20.7%20.9%7.2%-10.9%18.3%12.7%
    QoQ Delta Rev Chg LTM6.1%-5.4%5.0%1.7%-2.8%4.2%3.0%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM10.5%27.7%43.9%39.4%31.4%33.2%32.3%
    CFO/Rev 3Y Avg23.7%17.1%39.1%29.9%30.5%26.6%28.3%
    FCF/Rev LTM9.3%25.1%43.8%38.3%28.3%30.5%29.4%
    FCF/Rev 3Y Avg21.9%15.8%38.8%28.5%28.1%22.0%25.1%

    Valuation

    EFSIBRBSFVCBVABKCFFINKSHMedian
    NameEagle Fi.Blue Rid.FVCBankc.Virginia.C&F Fina.National. 
    Mkt Cap0.20.30.30.30.30.30.3
    P/S2.84.14.44.62.44.64.2
    P/Op Inc-------
    P/EBIT-------
    P/E13.336.712.210.911.413.612.8
    P/CFO27.014.810.011.67.713.712.7
    Total Yield10.2%18.1%9.6%12.2%10.7%9.2%10.4%
    Dividend Yield2.7%15.4%1.4%2.9%1.8%1.8%2.3%
    FCF Yield 3Y Avg8.5%7.3%8.7%7.5%15.5%5.9%8.0%
    D/E0.10.50.10.10.40.00.1
    Net D/E-0.30.3-0.7-0.8-0.8-0.3-0.5

    Returns

    EFSIBRBSFVCBVABKCFFINKSHMedian
    NameEagle Fi.Blue Rid.FVCBankc.Virginia.C&F Fina.National. 
    1M Rtn-1.2%-2.6%-4.5%5.7%9.3%3.6%1.2%
    3M Rtn14.6%13.9%1.8%12.3%28.9%21.5%14.2%
    6M Rtn19.8%-7.9%13.5%26.9%33.9%17.1%18.5%
    12M Rtn27.1%13.9%42.3%33.0%57.1%58.6%37.7%
    3Y Rtn102.4%32.4%51.8%110.3%100.0%108.5%101.2%
    1M Excs Rtn-1.6%-5.3%-5.7%2.9%7.5%1.4%-0.1%
    3M Excs Rtn11.2%11.1%-0.7%9.7%25.2%18.0%11.1%
    6M Excs Rtn6.1%-21.7%-0.3%13.0%20.1%3.3%4.7%
    12M Excs Rtn11.4%-2.0%27.5%19.4%44.2%40.8%23.4%
    3Y Excs Rtn18.9%-21.7%-23.7%15.7%29.2%28.2%17.3%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/10/20265/11/20263/16/202611/13/20258/13/20255/14/20253/31/202511/14/20248/14/20245/15/20243/29/202411/13/2023
    Key Financials Quarterly            
    Total Revenue25202022204161716151517
    Net Income54465-7633322
    EPS0.920.690.811.040.98-1.531.740.970.900.720.680.66
    Key Financials TTM            
    Total Revenue TTM878266625854656463636364
    Net Income TTM1919810861512109910
    Growth Rates Quarterly            
    Total Revenue Growth25.0%371.6%23.4%27.0%25.6%-72.2%4.9%4.6%2.7%-2.8%-3.3%5.5%
    Net Income Growth-5.5%153.6%-29.9%63.1%65.5%-373.7%158.3%47.6%54.8%-1.4%-25.1%-43.2%
    Margins Quarterly            
    Net Income Margin20.0%18.5%21.6%25.4%26.5%-162.8%38.1%19.8%20.1%16.6%15.5%14.0%
    Cash & Debt            
    Total Cash110225146227299217297308191200250197
    Total Debt303070707095150199174184194174
    Net Debt / (Cash)-81-195-77-157-229-123-148-108-16-16-55-23
    Cash Flows Quarterly            
    FCF from Operations-134983668-27-615
    Cash Flows TTM            
    FCF from Operations TTM924262322181961413722
    Returns to Shareholders Quarterly            
    Dividends222221111111
    Share Repurchases-000-000-0000-00
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Community Banking57625151 
    Wealth Management8654 
    Marine Lending67118 
    Eliminations0000 
    All Other-1-1-1-1 
    Single Segment    51
    Total6973656351


    Net Income by Segment
    $ Mil2025202420232022
    Marine Lending5553
    Wealth Management3221
    Community Banking210411
    Eliminations0000
    All Other-1-1-2-1
    Total815915


    Assets by Segment
    $ Mil2025202420232022
    Community Banking1,7051,6451,5631,377
    Marine Lending181218261238
    All Other1210
    Wealth Management1111
    Eliminations0000
    Total1,8891,8661,8261,617


    Price Behavior

    Price Behavior
    Market Price$45.80 
    Market Cap ($ Bil)0.2 
    First Trading Date08/27/2012 
    Distance from 52W High-1.7% 
       50 Days200 Days
    DMA Price$43.67$37.36
    DMA Trendupup
    Distance from DMA4.9%22.6%
     3M1YR
    Volatility28.8%25.8%
    Downside Capture-103.4118.27
    Upside Capture-13.6743.03
    Correlation (SPY)-10.8%18.8%
    EFSI Betas & Captures as of 9/30/2026

     1M2M3M6M1Y3Y
    Beta-0.32-0.27-0.310.080.360.36
    Up Beta-1.280.650.220.390.630.56
    Down Beta-0.590.71-0.14-0.200.300.35
    Up Capture26%-21%-23%29%30%10%
    Bmk +ve Days6162766132424
    Stock +ve Days12213064117196
    Down Capture-121%-167%-102%-46%25%24%
    Bmk -ve Days16263760120328
    Stock -ve Days9203258127203

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EFSI
    EFSI27.3%25.7%0.89-
    Sector ETF (XLF)2.1%14.8%-0.0831.8%
    Equity (SPY)16.7%13.0%0.9118.6%
    Gold (GLD)3.4%29.6%0.11-8.7%
    Commodities (DBC)45.0%20.9%1.67-14.1%
    Real Estate (VNQ)2.8%13.7%-0.0525.6%
    Bitcoin (BTCUSD)-31.7%44.2%-0.730.8%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EFSI
    EFSI7.3%25.8%0.79-
    Sector ETF (XLF)9.4%18.3%0.3839.9%
    Equity (SPY)14.0%17.1%0.6335.9%
    Gold (GLD)18.2%18.9%0.78-7.7%
    Commodities (DBC)10.3%19.6%0.40-1.5%
    Real Estate (VNQ)1.3%18.8%-0.0435.4%
    Bitcoin (BTCUSD)13.7%52.2%0.437.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EFSI
    EFSI2.0%26.5%0.35-
    Sector ETF (XLF)12.9%22.1%0.5327.3%
    Equity (SPY)15.4%17.9%0.7328.4%
    Gold (GLD)11.6%16.4%0.58-3.8%
    Commodities (DBC)8.3%18.1%0.372.9%
    Real Estate (VNQ)4.2%20.7%0.1620.7%
    Bitcoin (BTCUSD)63.6%66.2%1.034.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date9152026
    Short Interest: Shares Quantity0.1 Mil
    Short Interest: % Change Since 831202613.9%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest2.7 days
    Basic Shares Quantity5.4 Mil
    Short % of Basic Shares2.7%

    Returns Analyses

    Earnings Returns History

    Updated 9/8/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/23/2026-2.3%-1.0%2.9%
    4/23/2026-3.1%-4.1%0.4%
    1/26/2026-0.6%-3.4%-6.0%
    10/23/20250.9%-1.2%-2.0%
    7/24/2025-0.4%-1.4%8.9%
    4/25/2025-5.9%-5.6%0.3%
    1/27/20250.0%0.0%9.2%
    10/25/20240.0%0.0%0.0%
    ...
    SUMMARY STATS   
    # Positive191822
    # Negative562
    Median Positive0.0%0.0%0.0%
    Median Negative-2.3%-2.4%-4.0%
    Max Positive0.9%0.0%9.2%
    Max Negative-5.9%-5.6%-6.0%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/23/2026-2.3%-1.0%2.9%
    4/23/2026-3.1%-4.1%0.4%
    1/26/2026-0.6%-3.4%-6.0%
    10/23/20250.9%-1.2%-2.0%
    7/24/2025-0.4%-1.4%8.9%
    4/25/2025-5.9%-5.6%0.3%
    1/27/20250.0%0.0%9.2%
    10/25/20240.0%0.0%0.0%
    7/26/20240.0%0.0%0.0%
    4/26/20240.0%0.0%0.0%
    1/29/20240.0%0.0%0.0%
    10/30/20230.0%0.0%0.0%
    7/27/20230.0%0.0%0.0%
    5/3/20230.0%0.0%0.0%
    2/1/20230.0%0.0%0.0%
    10/27/20220.0%0.0%0.0%
    7/29/20220.0%0.0%0.0%
    5/3/20220.0%0.0%0.0%
    2/11/20220.0%0.0%0.0%
    10/29/20210.0%0.0%0.0%
    7/29/20210.0%0.0%0.0%
    4/23/20210.0%0.0%0.0%
    1/29/20210.0%0.0%0.0%
    10/23/20200.0%0.0%0.0%
    SUMMARY STATS   
    # Positive191822
    # Negative562
    Median Positive0.0%0.0%0.0%
    Median Negative-2.3%-2.4%-4.0%
    Max Positive0.9%0.0%9.2%
    Max Negative-5.9%-5.6%-6.0%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/10/202610-Q
    03/31/202605/11/202610-Q
    12/31/202503/16/202610-K
    09/30/202511/13/202510-Q
    06/30/202508/13/202510-Q
    03/31/202505/14/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/14/202410-Q
    06/30/202408/14/202410-Q
    03/31/202405/15/202410-Q
    12/31/202303/29/202410-K
    09/30/202311/13/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/15/202310-Q
    12/31/202203/29/202310-K
    09/30/202211/10/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/10/202610-Q
    03/31/202605/11/202610-Q
    12/31/202503/16/202610-K
    09/30/202511/13/202510-Q
    06/30/202508/13/202510-Q
    03/31/202505/14/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/14/202410-Q
    06/30/202408/14/202410-Q
    03/31/202405/15/202410-Q
    12/31/202303/29/202410-K
    09/30/202311/13/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/15/202310-Q
    12/31/202203/29/202310-K
    09/30/202211/10/202210-Q
    06/30/202208/12/202210-Q
    03/31/202205/12/202210-Q
    12/31/202103/30/202210-K
    09/30/202111/12/202110-Q
    06/30/202108/13/202110-Q
    03/31/202105/14/202110-Q
    12/31/202003/30/202110-K
    09/30/202011/06/202010-Q
    06/30/202008/07/202010-Q
    03/31/202005/11/202010-Q
    12/31/201903/13/202010-K
    09/30/201911/08/201910-Q

    Insider Activity

    Updated 5/20/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Schmidt, MarianneEXECUTIVE OFFICERDirectSell501202637.9538814,725142,578Form
    2Hamberger, Scott M DirectBuy312202633.0090929,99784,134Form
    3Hill, Edward Iii DirectBuy306202634.6293932,508193,872Form
    4Lorey, Brandon CraigEXECUTIVE OFFICERDirectBuy303202634.5335012,0861,526,364Form
    5Hamberger, Scott M BY MEGAN MCMULLEN HAMBERGER REVOCABLE LIVING TRUSTBuy303202636.0094534,020396,324Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Schmidt, MarianneEXECUTIVE OFFICERDirectSell501202637.9538814,725142,578Form
    2Hamberger, Scott M DirectBuy312202633.0090929,99784,134Form
    3Hill, Edward Iii DirectBuy306202634.6293932,508193,872Form
    4Lorey, Brandon CraigEXECUTIVE OFFICERDirectBuy303202634.5335012,0861,526,364Form
    5Hamberger, Scott M BY MEGAN MCMULLEN HAMBERGER REVOCABLE LIVING TRUSTBuy303202636.0094534,020396,324Form
    6Hamberger, Scott M BY MEGAN MCMULLEN HAMBERGER REVOCABLE LIVING TRUSTBuy203202637.9959722,680382,331Form
    7Braithwaite, Todd AEXECUTIVE OFFICERDirectSell1204202538.90562,178342,320Form
    8Stokely, John D JR DirectSell1030202536.60782,855489,299Form
    9Stokely, John D JR TRUSTEESell1030202536.605,815  Form
    10Smith, Nicholas PeterEXECUTIVE OFFICERDirectBuy731202533.003039,999132,297Form
    11Hill, Edward Iii DirectBuy612202529.931,00029,932116,737Form
    12Hamberger, Scott M DirectBuy603202531.0077123,901320,593Form
    13Hamberger, Scott M DirectBuy527202531.0084926,319296,692Form

    Industry Resources

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