Eastern Virginia Bankshares (EVBS), Friday, reported a profit for the second quarter, compared to a loss posted in the same quarter last year. The Tappahannock, Virginia-based company reported a second-quarter net profit available to common shareholders of $473 thousand or $0.08 per share, compared to a net loss of $151 thousand or $0.03 per share last year.
Net operating income for the quarter rose to $848 thousand from $223 thousand in the prior year period.
Net interest income for the quarter dropped 8.5% to $8.3 million from $9.1 million in the prior-year quarter. This decrease was due to a 32 basis point decrease in the net interest margin from 3.67%in the second quarter of 2011, to 3.35% in the second quarter of 2012.
For the quarter, total non-interest income was $2.2 million, up 31.4% from $1.7 million in the comparable quarter last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.