Eagle Financial Services posted Q2 GAAP net income of USD 4.98 million, down 5% year over year, with GAAP EPS of USD 0.92.
Net interest income rose 8% to USD 16.97 million, while the provision for credit losses jumped to USD 3.5 million from USD 668,000.
Noninterest income climbed 75% to USD 8.59 million on a USD 3.5 million pre-tax gain from selling its Bearing Insurance Group interest.
Noninterest expense increased 16% to USD 15.53 million, while the efficiency ratio widened to 70.29% from 64.91%.
Balance sheet and funding
Management said March 2026 marked full payoff of remaining FHLB borrowings, cutting wholesale funding reliance; assets were USD 1.85 billion at June 30.
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