Eagle Financial Services Q2 net income $5.0 million, aided by $3.5 million gain
Eagle Financial Services reported second quarter 2026 net income of $5.0 million, or $0.92 per share, which includes a $3.5 million pre-tax gain from selling its stake in Bearing Insurance Group. Excluding the gain, adjusted net income was $2.2 million, down from $3.7 million in the first quarter and $5.3 million a year earlier, mainly because the provision for credit losses rose to $3.2 million. The board also declared a $0.31 quarterly dividend, so shareholders should weigh the one-time gain against weaker core earnings.
Key points
- Net income was $5.0 million, or $0.92 per share, for Q2 2026, versus $3.7 million, or $0.69 per share, in Q1 2026 and $5.3 million, or $0.98 per share, in Q2 2025.
- Adjusted net income, excluding the tax-effected gain, was $2.2 million, or $0.41 per share, down 40.5% from Q1 2026.
- Provision for credit losses on loans was $3.2 million, compared with $2.0 million in Q1 2026 and $856 thousand in Q2 2025.
- Quarterly cash dividend of $0.31 per share is payable August 14, 2026, to shareholders of record on August 3, 2026.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.