EFSI on Nasdaq

EAGLE FINANCIAL SERVICES INC

Eagle Financial Services, Inc. is a bank holding company that was incorporated in 1991.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerEFSI on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersBerryville, Virginia1
  • Incorporated inVA2
  • Business address2 E Main St, Berryville, Va 226112
  • Filer categoryAccelerated filer, Smaller reporting company2
  • Legal formCorporation

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Eagle Financial Services, Inc. is a bank holding company that was incorporated in 1991. The company is headquartered in Berryville, Virginia and conducts its operations through its subsidiary, Bank of Clarke (the “Bank”). The Bank is chartered under Virginia law. For purposes of this annual report on Form 10-K, the terms the "Company," "our," "us" and "we" refer to Eagle Financial Services, Inc. and our subsidiary as a combined entity, unless this report otherwise indicates or the context otherwise requires.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-100.0%Revenue growth, 20234
8.6%Return on equity5
$5.8MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Asset Management brought in 44% of the revenue EAGLE FINANCIAL SERVICES INC broke down this way in fiscal 2025.

  1. Asset Management$6.0M544%up 40% from 2024
  2. Interchange Fees$3.5M526%up 4% from 2024
  3. Overdrawn Account Fees$1.6M512%up 8% from 2024
  4. Brokerage Commissions$1.4M510%up 9% from 2024
  5. Monthlyand Other Service Fees$517.0K54%up 19% from 2024
  6. ATM Fees$397.0K53%up 10% from 2024
  7. Other Chargesand Fees$258.0K52%down 38% from 2024
Products and services by year
Products and services20242025
Asset Management$4.3M$6.0M
Interchange Fees$3.4M$3.5M
Overdrawn Account Fees$1.5M$1.6M
Brokerage Commissions$1.3M$1.4M
Monthlyand Other Service Fees$436.0K$517.0K
ATM Fees$361.0K$397.0K
Other Chargesand Fees$416.0K$258.0K

Financial statements

Revenue74$0 in 2023
0$100.0K$200.0K$300.0K2021: $236.0K$236.0K20212022: $3.0K$3.0K2022−99%2023: $0$02023
Net income89746$9.4M in 2023−4% since 2019
0$5.0M$10.0M$15.0M2019: $9.8M$9.8M20192020: $11.2M$11.2M2020+14%2021: $11.0M$11.0M2021−1%2022: $14.5M$14.5M2022+32%2023: $9.4M$9.4M2023−36%

Every line of the income statement as filed: the last 2 fiscal years (annual) or 8 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-31
Interest and fees on loans$82.4M$81.8M
Taxable interest income$4.4M$2.9M
Interest income exempt from federal income taxes$3.0K$16.0K
Dividends$388.0K$630.0K
Interest on deposits in banks$11.6M$5.9M
Interest on federal funds sold$235.0K$123.0K
Total interest and dividend income$99.0M$91.3M
Interest on deposits$32.2M$31.9M
Interest on Federal Home Loan Bank advances$2.8M$6.8M
Interest on subordinated debt$1.4M$1.4M
Total interest expense$36.4M$40.1M
Net interest income$62.6M$51.2M
Provision for credit losses$3.7M$2.6M
Net interest income after provision for credit losses$58.9M$48.7M
Wealth management fees$7.5M$5.6M
Service charges on deposit accounts$2.1M$1.9M
Other service charges and fees$4.2M$4.2M
(Loss) gain on the sale and disposal of bank premises and equipment-$19.0K$3.9M
(Loss) on sale of securities-$12.4M$0
Gain on sale of loans$3.4M$2.1M
Small business investment company income$251.0K$1.4M
Bank owned life insurance income$1.1M$2.0M
Other operating income$812.0K$476.0K
Total noninterest income$6.9M$21.6M
Salaries and employee benefits$33.2M$30.1M
Occupancy expenses$2.6M$2.1M
Equipment expenses$1.7M$1.7M
Advertising and marketing expenses$861.0K$1.0M
Stationery and supplies$134.0K$145.0K
ATM network fees$1.3M$1.5M
Other real estate owned expense$20.0K$0
Loss on sale of other real estate owned$51.0K$0
Loss on the sale of repossessed assets$302.0K$204.0K
FDIC assessment$948.0K$1.4M
Computer software expense$1.4M$1.1M
Bank franchise tax$1.5M$1.4M
Professional fees$2.4M$2.1M
Data processing fees$2.2M$2.4M
Loan servicing expense$1.1M$1.1M
Other operating expenses$6.1M$5.2M
Total noninterest expenses$55.9M$51.3M
Income before income taxes$9.9M$18.9M
Income Tax Expense$1.7M$3.6M
Net Income (Loss)$8.2M$15.3M
Net income per common share, basic$1.59$4.32
Net income per common share, diluted$1.59$4.32

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Leadership

Who has led EAGLE FINANCIAL SERVICES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John R. Milleson2006–2014

President

  1. John R. Milleson2006–2014

Chief financial officer

  1. James W. McCarty Jr.2006–2013
  2. Kathleen J. Chappell2009–2014

Chief operating officer

  1. James W. McCarty Jr.2013–2014
2010201520202025
Board members and other officers (41)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorCary R. Nelson named Apr 15, 202256
  • DirectorThomas T. Gilpen named Apr 15, 202256

Timeline

  1. Jan 4, 2006New chief executive John R. Milleson becomes CEO13

Filings

353 filings to the SEC since October 2021: 5 annual reports, 18 quarterly reports, 43 major events, 243 insider forms, 14 large holders, 1 private raises, 29 other. The latest 20:

  1. Sep 8, 2026425 EDGAR
  2. Sep 8, 2026425 EDGAR
  3. Sep 8, 2026425 EDGAR
  4. Sep 8, 2026425 EDGAR
  5. Sep 8, 20268-K EDGAR
  6. Aug 14, 2026SCHEDULE 13G/A EDGAR
  7. Aug 10, 202610-Q EDGAR
  8. Jul 31, 2026SCHEDULE 13G/A EDGAR
  9. Jul 28, 2026SCHEDULE 13G/A EDGAR
  10. Jul 23, 20268-K EDGAR
  11. Jun 30, 2026S-8 EDGAR
  12. May 20, 20264 EDGAR
  13. May 20, 20268-K EDGAR
  14. May 15, 2026SCHEDULE 13G/A EDGAR
  15. May 15, 2026SCHEDULE 13G/A EDGAR
  16. May 11, 202610-Q EDGAR
  17. May 1, 20264 EDGAR
  18. Apr 29, 2026SCHEDULE 13G EDGAR
  19. Apr 23, 20268-K EDGAR
  20. Apr 8, 2026DEFA14A EDGAR

The 353 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 39 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 29, 2026SCHMIDT MARIANNEEXECUTIVE OFFICERSale388$37.95$14.7KForm 4
Mar 11, 2026HAMBERGER SCOTT MDirectorBuy909$33.00$30.0KForm 4
Mar 5, 2026HILL EDWARD IIIDirectorBuy939$34.62$32.5KForm 4
Mar 2, 2026Lorey Brandon CraigEXECUTIVE OFFICERBuy350$34.53$12.1KForm 4
Feb 27, 2026HAMBERGER SCOTT MDirectorBuy945$36.00$34.0KForm 4
Jan 30, 2026HAMBERGER SCOTT MDirectorBuy597$37.99$22.7KForm 4
Dec 3, 2025BRAITHWAITE TODD AEXECUTIVE OFFICERSale56$38.90$2.2KForm 4
Oct 29, 2025STOKELY JOHN D JRDirectorSale5,893$36.60$215.7KForm 4
Jul 31, 2025SMITH NICHOLAS PETEREXECUTIVE OFFICERBuy303$33.00$10.0KForm 4
Jun 12, 2025HILL EDWARD IIIDirectorBuy1,000$29.93$29.9KForm 4
Jun 2, 2025HAMBERGER SCOTT MDirectorBuy771$31.00$23.9KForm 4
May 23, 2025HAMBERGER SCOTT MDirectorBuy849$31.00$26.3KForm 4
Mar 4, 2025SCHMIDT MARIANNEEXECUTIVE OFFICERSale447$32.31$14.4KForm 4
Feb 7, 2025ZMITROVICH JOSEPH TEXECUTIVE OFFICERBuy312$32.00$10.0KForm 4
Feb 7, 2025BRAITHWAITE TODD AEXECUTIVE OFFICERBuy1,249$32.00$40.0KForm 4
Feb 7, 2025GILPIN THOMAS TDirectorBuy1,000$32.00$32.0KForm 4
Feb 7, 2025MATTHEWS TATIANA CDirectorBuy312$32.00$10.0KForm 4
Feb 7, 2025HAMBERGER SCOTT MDirectorBuy5,000$32.00$160.0KForm 4
Feb 7, 2025SMALLEY ROBERT W JRDirectorBuy100$32.00$3.2KForm 4
Feb 7, 2025SMITH NICHOLAS PETEREXECUTIVE OFFICERBuy156$32.00$5.0KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 31, 2022Raised $30 million in a private offering of debt Form D: 20 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 79. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.345,268$14.3M0.0%+64,736
Fourthstone LLC287,575$11.9M8.5%−244,624
Wellington Management Group Llp279,083$11.6M0.0%−1,317
Vanguard Capital Management LLC212,734$8.8M0.0%−31,008
Graham Capital Wealth Management, LLC135,623$5.6M4.3%−1,412
Geode Capital Management, LLC118,250$4.9M0.0%+15,041
State Street Corp90,307$3.7M0.0%+5,700
Alliancebernstein L.P.93,516$3.3M0.0%−10,200
Maltese Capital Management LLC65,700$2.7M0.5%−41,445
Two Sigma Investments, LP62,357$2.6M0.0%+45,944
Choreo, LLC60,400$2.5M0.0%No change
Banc Funds Co LLC56,500$2.3M0.4%−8,500
Marshall Wace, Llp51,423$2.1M0.0%+43,681
Dimensional Fund Advisors LP38,580$1.6M0.0%+14,485
Northern Trust Corp37,063$1.5M0.0%+3,225
Citadel Advisors LLC33,602$1.4M0.0%+26,184
Vanguard Portfolio Management LLC31,927$1.3M0.0%+5,357
Vanguard Fiduciary Trust Co30,455$1.3M0.0%+253
Susquehanna International Group, Llp28,909$1.2M0.0%New
UBS Group AG28,853$1.2M0.0%+19,454
Morgan Stanley27,997$1.2M0.0%−84
Trexquant Investment LP23,627$979.6K0.0%+12,396
Goldman Sachs Group Inc21,528$892.6K0.0%+1,794
Aqr Capital Management LLC20,001$829.2K0.0%+8,894
EJF Capital LP16,399$679.9K0.5%−7,511

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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