Eagle Financial Services Inc 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-42512EAGLE FINANCIAL SERVICES, INC. 54-1601306(I.R.S. EmployerIdentification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted pursuant toRule 405 of Regulation S-T (232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the registrant’s Common Stock ($2.50 par value) outstanding as of May 6, 2026 was 5,412,376. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1.Financial Statements:Consolidated Balance Sheets at March 31, 2026 and December 31, 20251Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20252Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 20253Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2026and 20254Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Notes to Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations39Item 3.Quantitative and Qualitative Disclosures about Market Risk60Item 4.Controls and Procedures60 PART II - OTHER INFORMATION Item 1.Legal Proceedings61Item 1A.Risk Factors61Item 2.Unregistered Sales of Equity Securities and Use of Proceeds61Item 3.Defaults Upon Senior Securities61Item 4.Mine Safety Disclosures61Item 5.Other Information61Item 6.Exhibits62 EAGLE FINANCIAL SERVICES, INC.Consolidated Balance Sheets(dollars in thousands, except per share amounts) EAGLE FINANCIAL SERVICES, INC.Consolidated Statements of Comprehensive Income(Unaudited)(dollars in thousands) Three Months EndedMarch 31,20262025Net income (loss)$3,740$(6,974)Other comprehensive (loss) income:Unrealized (loss) gain on available for sale securities, net of reclassificationadjustments, net of deferred income tax (benefit) expense of $(187) and $3,193forthe three months ended March 31, 2026 and 2025, respectively.(705)12,013Total other comprehensive (loss) income(705)12,013Total comprehensive income$3,035$5,039 EAGLE FINANCIAL SERVICES, INC.Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)(dollars in thousands, except per share amounts) EAGLE FINANCIAL SERVICES, INC.Consolidated Statements of Cash Flows (Unaudited)(dollars in thousands) EAGLE FINANCIAL SERVICES, INC.Notes to Consolidated Financial Statements (Unaudited)March 31, 2026 NOTE 1. General The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally acceptedin the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 8-03of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the accompanying financial statements contain all adjustments (consisting of only normal recurringaccruals) necessary to present fairly the financial position at March 31, 2026 and December 31, 2025, the results of operations andthe changes in shareholders' equity for the three months ended March 31, 2026 and 2025, and cash flows for the three months endedMarch 31, 2026 and 2025. The results of operations for the three months ended March 31, 2026 are not necessarily indicative of theresults to be expected for the full year. These financial