Eagle Financial Services Inc · NASDAQ:EFSI
Eagle Financial Services — Shareholder Meeting (May 2018)
16 slides from Eagle Financial Services's shareholder meeting presentation, May 16, 2018
Slide 1: Annual Shareholder Meeting May 15, 2018
Annual Shareholder Meeting May 15, 2018 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 Many Peers Strong Net Interest Margin Quality Asset Generation Strong Core Deposits Solid Fee Income Strong Capital Base The Company’s key values allow it to remain committed to its primary strategy
Slide 4: Since 1881, Banking Done Right
Since 1881, Banking Done Right… Longer Total Assets $767MM 12 Retail Banking Offices Total Loans $569MM Core Deposits $643MM Trust Assets $161MM * Amounts as of 12/31/2017 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 35 years 35 years James W. McCarty, Jr. EVP & CAO 26 years 26 years Kathleen J. Chappell SVP & CFO 29 years 29 years Joe T. Zmitrovich SVP & CLO 25 years 2 years Carl A. Esterhay SVP & Senior Trus
Slide 6: Market Presence
Market Presence 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 2013 2014 2015 2016 2017 Loans to Deposits 91% 93% 90% 86% 86% Loans to Total Assets 76% 75% 76% 74% 74% The Company has maintained a stable mix of its assets over recent years with the majority focused in its loan portfolio, where available funding
Slide 10: Loan Portfolio Mix
Loan Portfolio Mix (000’s) Gross loans increased by $52.0 million during 2017. 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 during 2017 was 0.18% - which is among the lowest in the State of Virginia. Total deposits grew by $60.0 million during 2017. The 84% in lower cost non-maturity deposits helps the Company to keep its total cost of funds low, thereby supporting the net
Slide 13: Revenue
Revenue Net interest income increased $2.5 million during 2017 while other fee income categories remained consistent. *Wealth Management Fees include income from fiduciary activities and fees from sales of non-deposit investment products
Slide 14: Exchange OTCQX, Ticker Symbol EFSI
Exchange OTCQX Ticker SymbolEFSI Market Price $32.00 Common Shares Outstanding3,449,027 Market Capitalization$110.4 million Insider Ownership22.3% Institutional Ownership 2.9% Cash Dividends$0.88 Dividend Yield 2.8% Average Monthly Volume19,300 Fully Diluted EPS $2.24 Tangible Book Value$24.40 Total
Slide 15: Capital
Capital The Company used $1.6 million to purchase 52,936 shares of its common stock during 2017. 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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