Welcome to our dedicated page for ESBK news (Ticker: ESBK), a resource for investors and traders seeking the latest updates and insights on ESBK stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ESBK's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ESBK's position in the market.
Elmira Savings Bank (NASDAQ: ESBK) reported a net income of $1,168,000 for Q1 2022, a decline of 3.0% from $1,204,000 in Q1 2021. Diluted earnings per share were $0.33, down from $0.34. The bank's return on average assets improved slightly to 0.76%, while return on average equity decreased to 7.32%. Total assets fell by 3.0% to $613.4 million, with a 3.3% drop in deposits. The bank’s net interest margin decreased to 3.46%. Elmira is moving towards a merger with Community Bank, N.A., projected to finalize by May 13, 2022.
Elmira Savings Bank (NASDAQ:ESBK) has announced a cash dividend of $0.15 per share on its common shares, payable on March 11, 2022, to shareholders of record as of March 3, 2022. With total assets amounting to $622.3 million, Elmira Savings Bank is FDIC-insured and operates multiple branches across New York. This decision reflects the bank’s commitment to returning value to its shareholders while navigating the risks associated with competitive products and growth management.
Elmira Savings Bank (NASDAQ:ESBK) reported net income of $1,102,000 for Q4 2021 and $5,219,000 for the year, marking increases of 14% and 26% year-over-year, respectively. Diluted earnings per share were $0.31 for Q4 and $1.48 for the full year. The bank saw a decrease in noninterest income but improved net interest margin at 3.64%, up from 3.06% in 2020. Total assets decreased 1.9% to $632.2 million. The completed merger with Community Bank is expected in Q2 2022.
On December 14, 2021, Elmira Savings Bank (NASDAQ:ESBK) shareholders overwhelmingly approved a merger with Community Bank, N.A., with over 98% voting in favor. The merger, valued at approximately $82.8 million, was first announced on October 4, 2021. Community Bank System, Inc., the parent company, possesses assets exceeding $15.3 billion. Elmira Savings Bank, with total assets of $634.6 million as of September 30, 2021, operates multiple branches across New York, ensuring FDIC insurance. This merger aims to enhance operational efficiency and market presence.
Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend payable on December 10, 2021, to shareholders of record as of December 3, 2021.
The bank, with $634.4 million in total assets, operates multiple branches in Chemung, Tompkins, Steuben, Cayuga, and Schuyler Counties, NY. It is also insured by the FDIC.
Elmira Savings Bank (NASDAQ:ESBK) reported a net income of $1,511,000 for Q3 2021 and $4,117,000 for the first nine months, marking increases of 59% and 43% respectively compared to 2020. Diluted earnings per share rose to $.43 and $1.17 for the same periods. The net interest margin improved to 3.81% for Q3 and 3.62% for the nine months. However, total assets decreased 0.2% to $643.6 million, with loans down 4.4%. Shareholders' equity rose to $63.4 million, equating to a book value of $17.86.
Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 cash dividend per share for its common stock, payable on September 10, 2021. The record date for this dividend is September 2, 2021. The bank, with total assets of $653.1 million, operates multiple offices across New York, serving regions in Chemung, Tompkins, Steuben, Cayuga, and Schuyler counties, along with a loan center in Broome County.
Elmira Savings Bank (NASDAQ:ESBK) reported a net income of $1,402,000 for Q2 2021, up 54% from $909,000 in Q2 2020. Year-to-date, net income reached $2,606,000, a 35% increase compared to $1,927,000 in 2020. Diluted earnings per share (EPS) improved to $0.40 for Q2 and $0.74 year-to-date, both better than the previous year's figures. The net interest margin rose to 3.53%, while total assets increased by 0.6% to $648.7 million. Shareholders' equity also grew, resulting in a book value per share of $17.57.
The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a cash dividend of $0.15 per share on its common shares. The dividend is set to be paid on June 11, 2021, to shareholders of record as of June 3, 2021. Elmira Savings Bank, which has total assets of $656.3 million, is federally insured and operates multiple branches across several counties in New York.
Elmira Savings Bank (NASDAQ:ESBK) reported a net income of $1,204,000 for Q1 2021, up 18.3% from $1,018,000 in Q1 2020. Diluted EPS rose to $0.34 from $0.29. Return on average assets improved to 0.75% and return on average equity increased to 7.93%. Net interest margin grew to 3.57%, while total assets reached $659.3 million. However, loan loss reserves were notably increased due to economic uncertainties from COVID-19, amid a 0.3% decrease in loans receivable.
FAQ