Welcome to our dedicated page for Es Bancshares news (Ticker: ESBS), a resource for investors and traders seeking the latest updates and insights on Es Bancshares stock.
ES Bancshares, Inc. (OTCQX: ESBS), the holding company for Empire State Bank, regularly issues detailed financial updates that are of interest to investors following regional banks and savings institutions. Company news is released primarily through quarterly and annual earnings announcements, as well as occasional corporate updates related to tax credits and funding.
On this page, readers can review ESBS news covering net income trends, net interest margin movements, loan and deposit balances, and changes in non-interest income and expenses. The Company’s releases often include sections such as “Key Quarterly Financial Data,” “Selected Balance Sheet Information,” and “Financial Performance Overview,” which explain how factors like deposit mix, borrowing costs, and loan portfolio performance affect results.
News items also describe asset quality metrics, including nonperforming assets, nonaccrual loans, and the allowance for credit losses on loans, as well as commentary on capital ratios and the Bank’s status relative to “well-capitalized” regulatory benchmarks. In addition, ES Bancshares has reported on the receipt of Employee Retention Tax Credits and related impacts on non-interest income and tax accounting.
Investors and analysts can use this ESBS news feed to follow developments in Empire State Bank’s commercial real estate lending, SBA and other commercial lending activities, one-to-four-family residential mortgage lending, and deposit gathering in New York. For ongoing insight into ES Bancshares’ financial performance and balance sheet trends, this page aggregates the Company’s recent press releases in one place.
ES Bancshares (OTCQX: ESBS) reported Q1 2026 net income of $1.108 million ($0.16 diluted EPS), up from $659 thousand in Q4 2025. Net interest margin rose to 3.06% (up 29 bps). Total assets reached $643.7 million (+4.5% vs. 12/31/25) and total deposits grew by $24.1 million. Book value per share was $7.50, the eighth consecutive quarterly increase. Capital ratios remain above "well-capitalized" thresholds.
ES Bancshares (OTCQX: ESBS) reported 4Q25 net income of $660K or $0.10 per diluted share, up from $637K in 3Q25. For the year, net income rose to $2.9M from $1.1M in 2024. Net interest income for 2025 increased 17.8% to $16.6M, and non-interest income grew to $2.2M. Book value per share was $7.34 at Dec 31, 2025, marking the seventh consecutive quarterly increase. Total assets were $616.3M, down 3.2% YoY. Nonperforming assets were $5.9M (0.96% of assets). Capital ratios remained strong: Tier 1 leverage 10.00%, CET1 14.91%.
ES Bancshares (OTCQX: ESBS) reported net income of $637,000 (EPS $0.10) for the quarter ended September 30, 2025, down from $1.03M (EPS $0.15) in the prior quarter. Net interest income improved to $4.24M and net interest margin rose to 2.79% (up 13 bps QoQ). Non-interest income fell to $328K, partly due to timing of Employee Retention Tax Credits. Total assets were $621.0M at September 30, 2025 (down 2.5% year-to-date). Loans net totaled $552.9M; nonperforming assets increased to $6.1M (0.98% of assets). Book value per share was $7.24. Capital ratios remain above "well-capitalized" thresholds.
ES Bancshares (OTCQX: ESBS) reported strong Q2 2025 results with net income of $1.03 million ($0.15 per diluted share), compared to $546,000 ($0.08 per share) in Q1 2025. The bank's performance was boosted by an $8.1 million growth in non-interest-bearing deposits and receipt of $384,000 in Employee Retention Tax Credits.
Key financial metrics include total assets of $645.0 million (up 1.3% from December 2024), a net interest margin of 2.66% (down from 2.68%), and book value per share of $7.13 (increasing for the fifth consecutive quarter). The bank maintains strong capital ratios, with Tier 1 leverage ratio at 9.78% and total capital ratio at 15.60%, well above regulatory requirements.
However, nonperforming assets increased to $6.3 million (0.98% of total assets) from $5.3 million in December 2024, primarily due to one commercial real estate loan.
ES Bancshares (OTCQX: ESBS) has received its first installment of $268,000 from its Employee Retention Tax Credit (ERC) claim, which will be reflected in Q2 2025 earnings. The company filed a total claim of $1.2 million plus interest with the IRS in 2023 for tax credits related to qualified wages paid during the COVID-19 pandemic for 2020 and 2021.
While the ERC is generally non-taxable income, ES Bancshares must file amended tax returns for 2020 and 2021 to reduce previously reported payroll tax deductions, resulting in increased federal income taxes for those periods. The company anticipates receiving additional ERC installments throughout 2025 and 2026.
ES Bancshares (OTCQX: ESBS) reported Q1 2025 net income of $546 thousand ($0.08 per diluted share), up from $466 thousand in Q4 2024. Key highlights include:
- Net interest margin increased to 2.68% from 2.50% in Q4 2024
- Cost of funds improved to 2.69% from 2.87%
- Total assets were $631.5 million, down 0.8% from Q4 2024
- Book value per share rose to $6.97, marking fourth consecutive quarterly increase
The bank maintained strong capital ratios with Tier 1 leverage ratio at 9.46% and total capital ratio at 15.06%. Nonperforming assets slightly increased to 0.86% of total assets. Net interest income grew by $236 thousand to $4.1 million, while non-interest expenses increased to $3.7 million due to higher professional fees and compensation.
ES Bancshares (OTCQX: ESBS) reported Q4 2024 net income of $466,000 ($0.03 per diluted share), compared to $582,000 ($0.08 per diluted share) in Q3 2024. The company's net interest margin improved to 2.50% from 2.30% in the previous quarter.
Total assets were $636.6 million as of December 31, 2024, a slight decrease of 0.3% year-over-year. Loans receivable decreased 0.8% from December 31, 2023. Nonperforming assets increased to $5.3 million (0.84% of total assets) from $1.4 million year-over-year, primarily due to two loans placed on non-accrual status.
The company replaced $56 million of higher-cost wholesale funding with lower-cost organic deposits in 2024. Total revenues for Q4 2024 were $8.4 million, showing consecutive quarterly growth. The bank maintained strong capital ratios, with a Tier 1 leverage ratio of 9.31% and total capital ratio of 14.93%.
ES Bancshares reported Q3 2024 net income of $582,000 ($0.08 per diluted share), up from $158,000 ($0.02 per share) in Q2 2024. The company's net interest margin improved to 2.30% from 2.21% in Q2. Total revenues reached $8.6 million, marking eight consecutive quarters of growth. The company repurchased $2 million of sub-debt and replaced $56 million of higher-cost wholesale funding with lower-cost organic deposits. Total assets were $633.2 million, down 0.9% from December 2023. Nonperforming assets increased to $5.1 million (0.81% of total assets) from $1.4 million in December 2023.
ES Bancshares, Inc. (OTCQX: ESBS) reported a net income of $158,000 or $0.02 per diluted common share for Q2 2024, compared to a net loss of $103,000 in Q1 2024. Key highlights include:
• 10% increase in retail deposits from December 31, 2023
• Net interest margin expansion to 2.21% from 2.12% in Q1 2024
• Replacement of $30 million high-cost wholesale funding with lower-cost organic deposits
• 7% increase in total revenues to $8.4 million compared to Q1 2024
The company's focus on realigning the deposit portfolio and bringing in core low-cost deposits has shown progress. Total assets increased by 2% to $651.7 million, while loans receivable decreased slightly by 0.7%. The Allowance for Credit Losses on Loans stood at 0.90% of gross loans.
ES Bancshares (OTCQX: ESBS) reported its first-quarter 2024 results, showing a net loss of $103 thousand or $0.02 per diluted share, compared to a net income of $84 thousand or $0.01 per diluted share in the previous quarter. Key metrics include a 3.4% growth in average deposits and a stable average loan balance. Non-interest expenses decreased by $295 thousand or 8%, while net interest margin narrowed to 2.12% from 2.28%. Non-performing loans and assets ratios remained low at 0.24% and 0.21%, respectively. Total assets decreased by $10.1 million to $628.6 million, primarily due to the repayment of wholesale funding. The bank's capital ratios remained strong, with a Tier 1 capital leverage ratio of 9.52%. No shares were repurchased under the stock repurchase program. Book value per share decreased slightly to $6.75.