Eastern Virginia Bankshares Inc.
EVBS
NASDAQ11.01
USD
+0.14
- -
Eastern Virginia Bankshares Inc.
EVBS
(NASDAQ)
Recent
price
11.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) is a bank holding company for EVB, a community bank that provides general commercial financial services to small- to medium-sized businesses and consumers in coastal plain markets and emerging suburbs outside Richmond, Tidewater, and southern Virginia. EVB offers a range of personal and commercial banking services, including commercial loans, consumer loans, real estate loans; retail and commercial deposit products such as demand deposits, savings and money market accounts, time deposits; investment securities comprising agency residential mortgage-backed securities, agency commercial mortgage-backed securities, state and political subdivision securities; and fee-based services. The bank operates through a retail branch network in Virginia communities including Ashland, Richmond, Burgess, Callao, Mechanicsville, Gloucester, Kilmarnock, Heathsville, Quinton, Surry, and Tappahannock. Founded in 1910 and headquartered in Glen Allen, Virginia, following a recent relocation of its corporate headquarters from Tappahannock to 10900 Nuckols Road in Innsbrook business park, the company maintains its main bank office in Tappahannock. EVB targets individual, small business, and commercial clients with comprehensive financial products including trust administration, estate planning, fiduciary services, and insurance services. In recent developments, Eastern Virginia Bankshares announced a $45.0 million capital raise through an investment by Castle Creek Capital Partners, supporting strategic initiatives and growth. The company has pursued expansion via de novo branching and historical branch acquisitions, including the 2014 merger with Virginia Company Bank that extended its footprint into the greater Richmond area, Peninsula region toward Newport News and Norfolk. These efforts underscore ongoing operational enhancements in its Virginia-focused markets.