Green Touch Builders | Evans Bancorp profits take large 4Q jump
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February 6, 2015 By SEO Admin

Evans Bancorp profits take large 4Q jump

The pay-off of two commercial loans and a year-over-year uptick in lending contributed to a nearly 40 percent surge in fourth-quarter net income at the parent company of Evans Bank N.A.

Evans Bancorp Inc. (NYSE: EVBN) announced net income of $2.3 million for the fourth quarter, up 38.3 percent from the same quarter in 2013 when the company reported net income of $1.7 million. Earnings per share totaled 54 cents, an improvement from 39 cents reported for the fourth quarter of 2013.

The latest quarterly…