Eastern Virginia Bankshares (EVBS) reported that its third-quarter net income to common shareholders was $486 thousand, or $0.08 per share, compared to net income of $115 thousand or $0.02 per share for the same period in 2011.
Net interest income for the quarter was $8.4 million, a decrease of $194 thousand or 2.3% from the $8.6 million for the same period of 2011. The decrease was due to a 9 basis point decrease in the net interest margin from 3.45% in the third quarter of 2011, to 3.36% in the third quarter of 2012. The year over year decline in interest income was primarily driven by the impact of declining loan balances due to weak loan demand, charge-offs, and the natural amortization of the portfolio.
Noninterest income for the quarter was $1.9 million, a decrease of $1.1 million or 35.9% over the same period of 2011. Debit/credit card fees increased $93 thousand, or 25.1% in the third quarter of 2012, which was primarily attributable to an increase in debit card income.
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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.