Eagle Financial Services Inc
eagle.comWhat Do They Do?
Takes deposits and makes commercial, consumer and mortgage loans for individuals and businesses, while offering trust and brokerage services.
10-K for FY2025, filed Mar 16, 2026
How Do They Make Money?
The Bank earns interest from loans and securities funded by deposits, and fees from wealth-management, deposit and card services. Trust-management fees are based on month-end asset values and generally charged to customers’ accounts a few days later; deposit-service and card fees arise when transactions occur or by month-end.
10-K for FY2025, filed Mar 16, 2026The Bank conducts a commercial banking business which consists of attracting deposits from the general public and investing those funds in…View ↗
Trust asset management fee income is primarily comprised of fees earned from the management and administration of trusts and other customer…View ↗
Service charges on deposit accounts are principally comprised of overdrawn account fees, account maintenance charges and other activity…View ↗
The Company earns interchange fees from credit cardholder transactions conducted through the Visa payment network. Interchange fees from…View ↗
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service (Noninterest income) ↗
$99M
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10-K for FY2025, filed Mar 16, 2026
$99M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Trust asset management fees
Recurring
10-K for FY2025, filed Mar 16, 2026 |
44%
FY2022: 103167%
|
Trust asset management fees, FY2025
$6M Sources
|
Recurring |
|
Overdrawn account fees
Usage-based
10-K for FY2025, filed Mar 16, 2026 |
12%
FY2022: 39800%
|
Overdrawn account fees, FY2025
$1.6M Sources
|
Usage-based |
|
Monthly and other service charges
|
3.8%
FY2022: 14133%
|
Monthly and other service charges, FY2025
$517K Sources
|
|
|
Interchange fees
Usage-based
10-K for FY2025, filed Mar 16, 2026 |
26%
FY2022: 12200%
|
Interchange fees, FY2025
$3.5M Sources
|
Usage-based |
|
ATM fees
Usage-based
|
2.9%
FY2022: 103433%
|
ATM fees, FY2025
$397K Sources
|
Usage-based |
|
Brokerage commissions
|
10%
FY2022: 35133%
|
Brokerage commissions, FY2025
$1.4M Sources
|
|
|
Other charges and fees
|
1.9%
FY2022: 15700%
|
Other charges and fees, FY2025
$258K Sources
|
Who Are Their Customers?
Retail customers and businesses use the Bank for deposits, loans and banking services through its branches and digital channels. Wealth-management customers use the Bank’s trust and brokerage division; non-deposit investment products are offered through a third-party provider.
10-K for FY2025, filed Mar 16, 2026The Bank has fifteen full-service branches, one loan production office, one wealth management office and one drive-through only facility.…View ↗
The Bank offers a wide range of retail and commercial banking services, including demand, savings and time deposits and consumer, mortgage…View ↗
The Bank of Clarke Wealth Management Division, a division of the Bank, provides both a full-service trust department and a separate…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 25 cents into free cash flow.
How Are They Changing?
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Sep 7, 2026
Agreed to merge with John Marshall Bancorp
The agreement also provides for Bank of Clarke to merge into John Marshall Bank.
Sources
8-K, filed Sep 8, 2026
On September 7, 2026, Eagle Financial Services, Inc., a Virginia corporation (“EFSI”) and John Marshall Bancorp, Inc., a Virginia…View ↗
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Jul 23, 2026
Sold its stake in Bearing Insurance Group
The sale generated a $3.5 million pretax gain.
Sources
8-K, filed Jul 23, 2026
Total net income for the quarters ended June 30, 2026 and March 31, 2026 was $5.0 million and $3.7 million, respectively. Net income was…View ↗
Growing. Revenue grew 419.5x in 4 years, from $236K in FY2021 to $99M in FY2025, about 353% a year.
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