Earnings of Evans Bancorp (EVBN) plunged to $0.04 per share in the first quarter from $0.75 per share in the last quarter of 2019. Earnings will likely improve from the first quarter but remain below 2019's earnings in the remainder of this year. The provision expense will likely remain above normal in the year ahead on the back of the company's exposure to COVID-19 sensitive industries. Further, net interest margin contraction following the interest rate cuts in March will pressurize earnings in the remaining three quarters. Moreover, EVBN will likely book high one-time merger-related expenses