Evans Total Current Liabilities vs Retained Earnings Analysis

EVBN Stock  USD 44.60  0.86  1.97%   
Evans Bancorp financial indicator trend analysis is much more than just examining Evans Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evans Bancorp is a good investment. Please check the relationship between Evans Bancorp Total Current Liabilities and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evans Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
To learn how to invest in Evans Stock, please use our How to Invest in Evans Bancorp guide.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evans Bancorp Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Evans Bancorp's Total Current Liabilities and Retained Earnings is -0.52. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Evans Bancorp, assuming nothing else is changed. The correlation between historical values of Evans Bancorp's Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Evans Bancorp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Evans Bancorp's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.52
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Evans Bancorp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evans Bancorp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Evans Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evans Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evans Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
To learn how to invest in Evans Stock, please use our How to Invest in Evans Bancorp guide.At this time, Evans Bancorp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 5th of December 2024, Enterprise Value is likely to grow to about 355.3 M, while Selling General Administrative is likely to drop about 21.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.8M6.5M35.6M37.4M
Depreciation And Amortization2.3M1.6M1.6M1.3M

Evans Bancorp fundamental ratios Correlations

0.980.730.340.960.380.360.260.560.510.760.780.840.670.910.630.760.7-0.480.650.450.610.720.780.20.92
0.980.630.260.950.40.40.310.520.450.770.790.840.650.850.560.780.61-0.430.570.470.560.640.680.210.85
0.730.630.10.580.490.04-0.050.590.630.790.70.760.360.820.670.710.47-0.340.370.080.740.510.550.30.7
0.340.260.10.49-0.670.560.52-0.16-0.330.130.120.130.780.27-0.20.130.8-0.170.820.620.040.430.78-0.410.45
0.960.950.580.490.220.510.430.390.320.640.670.730.730.840.480.650.75-0.520.790.610.540.790.830.00.91
0.380.40.49-0.670.22-0.24-0.290.50.740.330.360.41-0.350.40.690.35-0.14-0.26-0.2-0.180.530.27-0.070.380.33
0.360.40.040.560.51-0.240.99-0.57-0.420.130.150.090.50.16-0.420.150.540.140.590.890.230.460.49-0.60.36
0.260.31-0.050.520.43-0.290.99-0.64-0.530.050.050.00.460.09-0.520.060.460.160.530.880.140.380.4-0.660.25
0.560.520.59-0.160.390.5-0.57-0.640.780.580.560.660.210.660.890.550.13-0.550.05-0.380.280.180.250.710.46
0.510.450.63-0.330.320.74-0.42-0.530.780.480.610.64-0.090.460.910.580.13-0.2-0.04-0.380.550.250.190.730.53
0.760.770.790.130.640.330.130.050.580.480.930.940.580.740.50.940.4-0.190.270.140.620.270.450.450.59
0.780.790.70.120.670.360.150.050.560.610.930.970.50.620.571.00.44-0.070.280.110.70.330.460.550.68
0.840.840.760.130.730.410.090.00.660.640.940.970.520.730.660.960.48-0.260.340.140.680.420.530.510.73
0.670.650.360.780.73-0.350.50.460.21-0.090.580.50.520.620.030.510.72-0.250.720.540.120.360.75-0.050.57
0.910.850.820.270.840.40.160.090.660.460.740.620.730.620.660.630.58-0.680.590.340.530.650.710.140.8
0.630.560.67-0.20.480.69-0.42-0.520.890.910.50.570.660.030.660.540.22-0.550.16-0.270.550.460.350.590.65
0.760.780.710.130.650.350.150.060.550.580.941.00.960.510.630.540.43-0.070.270.110.710.320.450.530.67
0.70.610.470.80.75-0.140.540.460.130.130.40.440.480.720.580.220.43-0.290.830.70.410.680.96-0.230.78
-0.48-0.43-0.34-0.17-0.52-0.260.140.16-0.55-0.2-0.19-0.07-0.26-0.25-0.68-0.55-0.07-0.29-0.52-0.19-0.2-0.62-0.470.15-0.5
0.650.570.370.820.79-0.20.590.530.05-0.040.270.280.340.720.590.160.270.83-0.520.680.390.830.92-0.40.78
0.450.470.080.620.61-0.180.890.88-0.38-0.380.140.110.140.540.34-0.270.110.7-0.190.680.20.570.63-0.70.44
0.610.560.740.040.540.530.230.140.280.550.620.70.680.120.530.550.710.41-0.20.390.20.650.470.150.73
0.720.640.510.430.790.270.460.380.180.250.270.330.420.360.650.460.320.68-0.620.830.570.650.8-0.290.87
0.780.680.550.780.83-0.070.490.40.250.190.450.460.530.750.710.350.450.96-0.470.920.630.470.8-0.190.87
0.20.210.3-0.410.00.38-0.6-0.660.710.730.450.550.51-0.050.140.590.53-0.230.15-0.4-0.70.15-0.29-0.190.1
0.920.850.70.450.910.330.360.250.460.530.590.680.730.570.80.650.670.78-0.50.780.440.730.870.870.1
Click cells to compare fundamentals

Evans Bancorp Account Relationship Matchups

Evans Bancorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.0B2.2B2.2B2.1B2.2B
Total Stockholder Equity149.3M168.9M183.9M154.0M178.2M187.1M
Property Plant And Equipment Net3.7M24.6M22.6M21.4M19.2M10.8M
Net Debt(10.9M)(4.2M)(167.0M)225.0M166.4M174.7M
Retained Earnings85.3M90.5M108.0M123.4M138.6M145.6M
Cash38.9M83.9M234.9M6.3M23.5M31.7M
Non Current Assets Total146.6M206.1M346.1M406.6M2.1B2.2B
Non Currrent Assets Other(7.6M)(12.0M)(11.0M)(26.1M)2.1B2.2B
Other Assets1.1B1.6B1.3B1.4B1.00.95
Cash And Short Term Investments166.8M246.3M540.9M387.4M23.5M22.3M
Common Stock Total Equity2.5M3.5M2.7M2.8M3.2M1.9M
Common Stock Shares Outstanding5.0M5.3M5.5M5.5M5.5M4.0M
Liabilities And Stockholders Equity1.5B2.0B2.2B2.2B2.1B2.2B
Other Stockholder Equity64.2M76.4M78.8M77.1M79.1M41.4M
Total Liab1.3B1.9B68.0M2.0B1.9B2.0B
Property Plant And Equipment Gross17.5M44.6M32.9M33.0M31.7M33.3M
Total Current Assets175.5M260.0M540.9M387.4M23.5M22.3M
Accumulated Other Comprehensive Income(2.6M)(719K)(5.7M)(49.3M)(42.3M)(40.2M)
Common Stock2.5M2.7M2.7M2.8M2.8M1.9M
Short Long Term Debt Total27.9M81.3M69.1M231.2M189.8M199.3M
Total Current Liabilities5.9M6.6M5.2M4.7M4.1M3.9M
Non Current Liabilities Total27.9M79.7M68.0M2.0B1.9B2.0B
Short Term Debt4.2M5.7M5.2M4.7M155.5M163.3M
Other Liab8.4M11.5M21.7M16.9M19.4M11.4M
Accounts Payable5.9M6.6M1.9B1.8B2.0B2.1B
Good Will13.0M12.5M12.7M12.7M1.8M1.7M
Short Term Investments127.9M162.4M306.0M364.3M275.7M289.5M
Intangible Assets555K3.2M1.6M1.2M94K89.3K
Property Plant Equipment13.8M24.6M17.8M17.0M19.5M11.6M
Other Current Assets48.9M112.8M244.8M23.1M23.5M24.6M
Other Current Liab(5.9M)(6.6M)1.9B1.8B(151.5M)(143.9M)
Net Tangible Assets135.9M154.0M169.6M140.1M161.1M117.0M
Retained Earnings Total Equity85.3M90.5M108.0M123.4M141.9M71.2M
Capital Surpluse63.3M76.4M78.8M81.0M93.2M62.1M
Long Term Investments1.2B166.6M309.1M371.3M277.7M535.8M
Non Current Liabilities Other23.0M28.2M25.9M28.8M33.1M28.7M

Pair Trading with Evans Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evans Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evans Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Evans Stock

  0.87AX Axos FinancialPairCorr
  0.87BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr

Moving against Evans Stock

  0.54TFC-PO Truist FinancialPairCorr
  0.54CFG-PE Citizens FinancialPairCorr
  0.51TFC-PR Truist FinancialPairCorr
The ability to find closely correlated positions to Evans Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evans Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evans Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evans Bancorp to buy it.
The correlation of Evans Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evans Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evans Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evans Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Evans Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evans Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evans Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evans Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evans Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
To learn how to invest in Evans Stock, please use our How to Invest in Evans Bancorp guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Evans Bancorp. If investors know Evans will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Evans Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
1.32
Earnings Share
3.42
Revenue Per Share
14.907
Quarterly Revenue Growth
(0.1)
The market value of Evans Bancorp is measured differently than its book value, which is the value of Evans that is recorded on the company's balance sheet. Investors also form their own opinion of Evans Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Evans Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Evans Bancorp's market value can be influenced by many factors that don't directly affect Evans Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Evans Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evans Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evans Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.