Eagle Financial Services Inc · NASDAQ:EFSI
Eagle Financial Services — Shareholder Meeting (May 2019)
16 slides from Eagle Financial Services's shareholder meeting presentation, May 16, 2019
Slide 1: Annual Shareholder Meeting May 14, 2019
Annual Shareholder Meeting May 14, 2019 Exhibit 99.1
Slide 2: Forward Looking Statements
The Company makes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include statements regarding profitability, liquidity, adequacy of capital, the allowance for loan losses, interest rate sensitivity, market risk, growth strategy, and financial
Slide 3: Key Value Drivers
Key Value Drivers Key Management Expertise Location in High Growth Markets Profitability at or Above Peers Strong Net Interest Margin Quality Asset Generation Strong Core Deposits Solid Fee Income Strong Capital Base The key values the Company possesses allows it to remain committed to its strategic
Slide 4: Since 1881, Banking Done Right
Since 1881, Banking Done Right… Longer Total Assets $800MM 12 Retail Banking Offices Total Loans $607MM Core Deposits $685MM Trust Assets $158MM * Amounts as of 12/31/2018 Eagle Financial Services, Inc. EFSI Bank of Clarke County Commercial Banking Wealth Management Retail Banking
Slide 5: Management Team
Management Team Executive Position Industry Experience Years in Market John R. Milleson President & CEO 36 years 36 years James W. McCarty, Jr. EVP & CAO 27 years 27 years Kathleen J. Chappell SVP & CFO 30 years 30 years Joe T. Zmitrovich SVP & CLO 26 years 3 years Carl A. Esterhay SVP & Senior Trus
Slide 6: Market
Market The Bank has an East to West market span covering over 50 miles and three Counties.
Slide 7: Earnings & Profitability
Earnings & Profitability The Company has maintained consistent profitability over the past several years, with ROAA near or above 1.0%.
Slide 8: Earnings & Profitability
The Company has maintained a strong net interest margin by managing its loan and deposit pricing. Attention has also been given to overhead costs to return efficiency to a targeted level. Earnings & Profitability
Slide 9: Asset Mix
Asset Mix Segment as a Percentage of Total Assets The Company has maintained a stable mix of its assets over recent years with the majority focused in its loan portfolio, where available funding can be invested back into the communities the Bank serves. 2014 2015 2016 2017 2018 Loan to Deposits 93%
Slide 10: Loan Portfolio Mix
Loan Portfolio Mix (000’s) Gross loans increased by $38.0 million during 2018. Most of that growth was in the commercial real estate category.
Slide 11: Asset Quality
Asset Quality *Non-performing assets are comprised of non-accrual loans, other real estate owned and repossessed assets Consistent, conservative lending and underwriting practices combined with focus on delinquency and other asset quality drivers has resulted in lower levels of non-performing assets
Slide 12: Deposit Mix & Cost of Funds
Deposit Mix & Cost of Funds Total cost of funds at 12/31/2018 was 0.37% - which is among the lowest in the State of Virginia. Total deposits grew by $39.7 million during 2018. The 84% of lower cost non-maturity deposits helps the Company to keep its total cost of funds low, thereby supporting the ne
Slide 13: Revenue
Revenue Net interest income increased $2.2 million from 12/31/2017 while other fee income sources remained consistent with recent year levels. *Wealth Management Fees include income from fiduciary activities and fees from sales of non-deposit investment products
Slide 14: Exchange, ticker and capital information
Exchange OTCQX Ticker SymbolEFSI Market Price $30.99 Common Shares Outstanding3,445,914 Market Capitalization$106.8 million Insider Ownership22.5% Institutional Ownership 1.4% Cash Dividends$0.94 Dividend Yield 3.0% Average Monthly Volume26,450 Fully Diluted EPS $2.60 Tangible Book Value$25.58 Total
Slide 15: Capital
Capital The Company used $1.3 million to purchase 39,333 shares of its common stock during 2018. Since 2011, the Board of Directors has approved a stock repurchase plan. The Company believes the plan increases the stock’s liquidity and assists individual shareholders with selling large blocks of sto
Slide 16: Contacts
Contacts John R. Milleson President & CEO jmilleson@bankofclarke.com 540-955-5247 Jim McCarty EVP & CAO jmccarty@bankofclarke.com 540-955-5237 Kate J. Chappell SVP & CFO kchappell@bankofclarke.com 540-955-5226
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