HAMBURG, N.Y. (AP) _ Evans Bancorp Inc. (EVBN) on Wednesday reported second-quarter profit of $469,000.
The Hamburg, New York-based bank said it had earnings of 9 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 84 cents per share.
The bank posted revenue of $21.3 million in the period. Its revenue net of interest expense was $19.2 million, which topped Street forecasts.
Evans Bancorp shares have decreased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.92, a decline of 36% in the last 12 months.