ESSA Bancorp, Inc. Announces Fiscal Fourth Quarter, Full Year 2024 Financial Results
ESSA Bancorp reported fiscal Q4 2024 net income of $4.2 million ($0.44 per share), down from $4.6 million ($0.47 per share) in Q4 2023. Full-year 2024 net income was $17.0 million ($1.78 per share), compared to $18.6 million ($1.91 per share) in 2023. Total net loans increased 3.8% to $1.74 billion, with commercial real estate loans growing 7.6% to $884.6 million. Asset quality remained strong with nonperforming assets at 0.58% of total assets. Total deposits were $1.63 billion, with core deposits comprising 64.3%. The Bank maintained a strong capital position with a Tier 1 ratio of 10.01% and increased tangible book value per share to $21.40.
ESSA Bancorp ha riportato un reddito netto di 4,2 milioni di dollari ($0,44 per azione) per il quarto trimestre fiscale 2024, in calo rispetto ai 4,6 milioni di dollari ($0,47 per azione) del quarto trimestre 2023. Il reddito netto dell'intero anno 2024 è stato di 17,0 milioni di dollari ($1,78 per azione), rispetto ai 18,6 milioni di dollari ($1,91 per azione) del 2023. I prestiti netti totali sono aumentati del 3,8% fino a raggiungere 1,74 miliardi di dollari, con i prestiti immobiliari commerciali che sono cresciuti del 7,6% fino a 884,6 milioni di dollari. La qualità degli attivi è rimasta solida, con attivi non performanti allo 0,58% degli attivi totali. I depositi totali ammontano a 1,63 miliardi di dollari, con i depositi core che rappresentano il 64,3%. La Banca ha mantenuto una posizione patrimoniale solida con un rapporto di capitale di base (Tier 1) del 10,01% e ha aumentato il valore tangibile per azione a $21,40.
ESSA Bancorp reportó un ingreso neto de 4.2 millones de dólares ($0.44 por acción) en el cuarto trimestre fiscal de 2024, una disminución respecto a los 4.6 millones de dólares ($0.47 por acción) en el cuarto trimestre de 2023. El ingreso neto total del año 2024 fue de 17.0 millones de dólares ($1.78 por acción), en comparación con 18.6 millones de dólares ($1.91 por acción) en 2023. Los préstamos netos totales aumentaron un 3.8% hasta 1.74 mil millones de dólares, con los préstamos inmobiliarios comerciales creciendo un 7.6% hasta 884.6 millones de dólares. La calidad de los activos se mantuvo sólida, con activos no productivos en el 0.58% de los activos totales. Los depósitos totales fueron de 1.63 mil millones de dólares, con los depósitos básicos representando el 64.3%. El banco mantuvo una sólida posición de capital con un ratio de capital principal del 10.01% y aumentó el valor contable tangible por acción a $21.40.
ESSA Bancorp는 2024 회계 연도 4분기 순이익이 420만 달러($0.44 주당)로, 2023년 4분기 460만 달러($0.47 주당)에서 감소했다고 보고했습니다. 2024년 전체 순이익은 1,700만 달러($1.78 주당)로, 2023년 1,860만 달러($1.91 주당)와 비교되었습니다. 총 순대출은 3.8% 증가하여 17억 4천만 달러에 달했으며, 상업용 부동산 대출은 7.6% 증가하여 8억 8천4백60만 달러에 이르렀습니다. 자산 품질은 총 자산의 0.58%에 해당하는 비실행 자산으로 인해 여전히 강력하게 유지되었습니다. 총 예금은 16억 3천만 달러였으며, 핵심 예금은 64.3%를 차지했습니다. 은행은 10.01%의 기본 자본 비율을 유지하며 주당 tangible book value를 $21.40로 늘렸습니다.
ESSA Bancorp a rapporté un revenu net de 4,2 millions de dollars ($0,44 par action) pour le quatrième trimestre fiscal 2024, en baisse par rapport à 4,6 millions de dollars ($0,47 par action) au quatrième trimestre 2023. Le revenu net annuel 2024 s'est établi à 17,0 millions de dollars ($1,78 par action), contre 18,6 millions de dollars ($1,91 par action) en 2023. Les prêts nets totaux ont augmenté de 3,8% pour atteindre 1,74 milliard de dollars, les prêts immobiliers commerciaux ayant augmenté de 7,6% pour atteindre 884,6 millions de dollars. La qualité des actifs est restée solide avec des actifs non performants représentant 0,58% des actifs totaux. Les dépôts totaux s'élevaient à 1,63 milliard de dollars, les dépôts de base représentant 64,3%. La Banque a maintenu une solide position en capital avec un ratio de capital de base de 10,01% et a augmenté la valeur comptable tangible par action à 21,40 $.
ESSA Bancorp berichtete für das vierte Quartal des Geschäftsjahres 2024 einen Nettogewinn von 4,2 Millionen USD ($0,44 pro Aktie), was einen Rückgang gegenüber 4,6 Millionen USD ($0,47 pro Aktie) im vierten Quartal 2023 darstellt. Der Nettogewinn für das gesamte Jahr 2024 betrug 17,0 Millionen USD ($1,78 pro Aktie), im Vergleich zu 18,6 Millionen USD ($1,91 pro Aktie) im Jahr 2023. Die gesamten Nettokredite stiegen um 3,8% auf 1,74 Milliarden USD, wobei die gewerbliche Immobilienfinanzierung um 7,6% auf 884,6 Millionen USD wuchs. Die Asset-Qualität blieb stark, mit nicht-betriebswirtschaftlichen Vermögenswerten von 0,58% der Gesamtvermögen. Die Gesamteinlagen betrugen 1,63 Milliarden USD, wobei die Kern-Einlagen 64,3% ausmachten. Die Bank hielt eine starke Kapitalbasis mit einem Tier-1-Verhältnis von 10,01% und erhöhte den greifbaren Buchwert pro Aktie auf $21,40.
- Commercial real estate loans grew 7.6% to $884.6 million
- Total net loans increased 3.8% to $1.74 billion
- Strong asset quality with nonperforming assets ratio of 0.58%
- Tangible book value per share increased to $21.40 from $19.80
- Release of credit loss reserves due to improved loan portfolio quality
- Q4 net income decreased to $4.2M from $4.6M year-over-year
- Full-year net income declined to $17.0M from $18.6M
- Net interest margin compressed to 2.79% from 2.97% in Q4
- Core deposits decreased to 64.3% of total deposits from 69.7%
- Interest expense increased significantly due to higher rates
Insights
ESSA Bancorp's fiscal 2024 results show mixed performance amid challenging market conditions.
- Strong loan growth: Total net loans up
3.8% to$1.74 billion , driven by7.6% increase in commercial real estate loans - Compressed margins: Net interest margin declined to
2.79% from2.97% due to higher funding costs - Solid asset quality: Nonperforming assets ratio improved to
0.58% from0.63% - Robust capital position:
10.01% Tier 1 capital ratio and increased tangible book value per share to$21.40
Despite earnings pressure, the bank maintains strong fundamentals with improving asset quality and capital levels, positioning it well for potential interest rate decreases.
STROUDSBURG, PA / ACCESSWIRE / October 23, 2024 / ESSA Bancorp, Inc. (the "Company") (NASDAQ:ESSA), the holding company for ESSA Bank & Trust (the "Bank"), a
Net income was
Gary S. Olson, President and CEO, commented: "The Company's positive earnings results throughout fiscal 2024 reflected efficient and productive operations, a focus on disciplined loan growth, and balance sheet management. Our financial performance drove shareholder value and supported the Company's longstanding practice of approving meaningful quarterly cash dividends to shareholders."
"In a year of high interest rates, economic uncertainty, and moderate loan activity compared to the prior year, maintaining the high quality of loans was a top priority. Through disciplined credit and asset management, we further strengthened measures of asset quality. Ratios of nonperforming loans to total loans and allowance for credit losses to total loans improved. We had negligible loan charge-offs during the year. Solid loan quality contributed to a release of credit loss reserves."
"The Company's financial strength was reflected in a strong capital position, available liquidity and prudent expense management."
"Managing interest expense in light of the high-rate environment was a significant challenge throughout the Company's fiscal year. Although interest expense increased significantly in year over year comparisons, prompt adjustments to rates on loans contributed to expanded interest income and higher yields on earning assets that partially offset higher interest expense and helped mitigate margin compression."
"Entering a new fiscal year, positive economic trends and the prospect of decreasing interest rates increases our confidence that there will be both loan and deposit growth opportunities. We are financially and operationally well positioned to meet the financial needs of the individuals and businesses in the communities we serve."
FISCAL FOURTH QUARTER AND FULL YEAR OF 2024 HIGHLIGHTS
Sound, efficient operations drove a return on average assets (ROAA) of
0.77% for the three months ended September 30, 2024 and0.78% for the year ended September 30, 2024.Continued earnings strength and shareholder value growth was reflected in return on average equity (ROAE) of
7.28% for the three months ended September 30, 2024 and7.58% for the year ended September 30, 2024.Total interest income in the fourth quarter of 2024 was
$26.1 million compared with$25.1 million in the fourth quarter of 2023. For the year ended September 30, 2024, total interest income rose to$103.5 million from$85.5 million for the year ended September 30, 2023, primarily reflecting asset growth and higher yields on earning assets.Net interest income after provision for credit losses was
$14.5 million for the three months ended September 30, 2024, compared with$15.3 million for the three months ended September 30, 2023. Net interest income after provision for credit losses was$59.6 million for the year ended September 30, 2024, compared with$60.9 million for the year ended September 30, 2023. Both periods of 2024 reflected releases of credit loss provisions.Total net loans at September 30, 2024, were
$1.74 billion , up3.8% from$1.68 billion a year earlier, reflecting strong originations in commercial real estate, residential mortgage and home equity loans together with slower prepayment speeds due to higher interest rates.Lending activity was highlighted by
7.6% growth in commercial real estate loans to$884.6 million at September 30, 2024, from$822.0 million at September 30, 2023. During the same period, the residential mortgage portfolio increased1.2% to$721.5 million from$713.3 million .Asset quality remained strong, with a ratio of nonperforming assets to total assets of
0.58% at September 30, 2024, compared to0.63% at September 30, 2023. The allowance for credit losses to total loans was0.87% at September 30, 2024, compared to1.09% at September 30, 2023.Total deposits were
$1.63 billion at September 30, 2024, with lower-cost core deposits comprising64.3% of total deposits. Uninsured deposits were30% of total deposits at September 30, 2024, including approximately$204.9 million of fully collateralized municipal deposits.The Bank continued to demonstrate financial strength, with a Tier 1 capital ratio of
10.01% at September 30, 2024.Total stockholders' equity increased to
$230.4 million at September 30, 2024, compared with$219.7 million at September 30, 2023. Tangible book value per share at September 30, 2024, rose to$21.40 from$19.80 at September 30, 2023.
Fiscal Fourth Quarter and Full Year 2024 Income Statement Review
Total interest income was
Interest expense was
Interest expense was
Net interest income after the (release of) provision for credit losses in the fourth quarter of 2024 was
The net interest margin for the fourth quarter of 2024 was
Noninterest income was
Noninterest expense for the fourth quarters of 2024 and 2023 was
Balance Sheet, Asset Quality and Capital Adequacy Review
Total assets were
Investment securities available for sale at September 30, 2024 decreased by
Total net loans were
Commercial real estate loans increased to
Nonperforming assets were
Total deposits were
The Bank maintained a strong capital position with a Tier 1 capital ratio of
About the Company: ESSA Bancorp, Inc. is the holding company for its wholly owned subsidiary, ESSA Bank & Trust, which was formed in 1916. The Company has total assets of
Forward-Looking Statements
Certain statements contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including compliance costs and capital requirements, changes in prevailing interest rates, the recent turmoil in the banking industry , credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity, and the Risk Factors disclosed in our annual, quarterly and current reports.
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Gary S. Olson, President & CEO
Corporate Office: 200 Palmer Street
Stroudsburg, Pennsylvania 18360
Telephone: (570) 421-0531
FINANCIAL TABLES FOLLOW
ESSA BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
(UNAUDITED)
| September 30, |
|
| September 30, |
| |||
| 2024 |
|
| 2023 |
| |||
| (dollars in thousands) |
| ||||||
ASSETS |
|
|
|
|
|
| ||
Cash and due from banks |
| $ | 38,683 |
|
| $ | 39,008 |
|
Interest-bearing deposits with other institutions |
|
| 9,897 |
|
|
| 46,394 |
|
Total cash and cash equivalents |
|
| 48,580 |
|
|
| 85,402 |
|
Investment securities available for sale, at fair value |
|
| 215,869 |
|
|
| 334,056 |
|
Investment securities held to maturity, at amortized cost |
|
|
|
|
|
|
|
|
(net of allowance for credit losses of |
|
| 47,378 |
|
|
| 52,242 |
|
Loans, held for sale |
|
| - |
|
|
| 250 |
|
Loans receivable (net of allowance for credit losses |
|
|
|
|
|
|
|
|
of |
|
| 1,744,284 |
|
|
| 1,680,525 |
|
Regulatory stock, at cost |
|
| 18,750 |
|
|
| 17,890 |
|
Premises and equipment, net |
|
| 11,253 |
|
|
| 12,913 |
|
Bank-owned life insurance |
|
| 39,571 |
|
|
| 39,026 |
|
Foreclosed real estate |
|
| 3,195 |
|
|
| 3,311 |
|
Intangible assets, net |
|
| - |
|
|
| 91 |
|
Goodwill |
|
| 13,801 |
|
|
| 13,801 |
|
Deferred income taxes |
|
| 3,889 |
|
|
| 6,877 |
|
Derivative and hedging assets |
|
| 8,203 |
|
|
| 19,662 |
|
Other assets |
|
| 32,944 |
|
|
| 27,200 |
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
| $ | 2,187,717 |
|
| $ | 2,293,246 |
|
|
|
|
|
|
|
|
| |
LIABILITIES |
|
|
|
|
|
|
|
|
Deposits |
| $ | 1,629,051 |
|
| $ | 1,661,016 |
|
Short-term borrowings |
|
| 280,000 |
|
|
| 374,652 |
|
Other borrowings |
|
| 10,000 |
|
|
| - |
|
Advances by borrowers for taxes and insurance |
|
| 6,870 |
|
|
| 6,550 |
|
Derivative and hedging liabilities |
|
| 9,183 |
|
|
| 9,579 |
|
Other liabilities |
|
| 22,192 |
|
|
| 21,741 |
|
|
|
|
|
|
|
|
| |
TOTAL LIABILITIES |
|
| 1,957,296 |
|
|
| 2,073,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Common stock |
|
| 181 |
|
|
| 181 |
|
Additional paid-in capital |
|
| 183,073 |
|
|
| 182,681 |
|
Unallocated common stock held by the |
|
|
|
|
|
|
|
|
Employee Stock Ownership Plan ("ESOP") |
|
| (5,557 | ) |
|
| (6,009 | ) |
Retained earnings |
|
| 163,473 |
|
|
| 151,856 |
|
Treasury stock, at cost |
|
| (104,184 | ) |
|
| (99,508 | ) |
Accumulated other comprehensive loss |
|
| (6,565 | ) |
|
| (9,493 | ) |
|
|
|
|
|
|
|
|
|
TOTAL STOCKHOLDERS' EQUITY |
|
| 230,421 |
|
|
| 219,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
| $ | 2,187,717 |
|
| $ | 2,293,246 |
|
ESSA BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED)
| Three Months Ended September 30, |
|
| Year Ended September 30, |
| |||||||||||
| 2024 |
|
| 2023 |
|
| 2024 |
|
| 2023 |
| |||||
| (dollars in thousands, except per share data) |
| ||||||||||||||
INTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Loans receivable, including fees |
| $ | 22,585 |
|
| $ | 20,608 |
|
| $ | 87,688 |
|
| $ | 73,329 |
|
Investment securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable |
|
| 2,551 |
|
|
| 3,486 |
|
|
| 11,752 |
|
|
| 9,834 |
|
Exempt from federal income tax |
|
| 10 |
|
|
| 10 |
|
|
| 42 |
|
|
| 42 |
|
Other investment income |
|
| 909 |
|
|
| 957 |
|
|
| 3,975 |
|
|
| 2,294 |
|
Total interest income |
|
| 26,055 |
|
|
| 25,061 |
|
|
| 103,457 |
|
|
| 85,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
INTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
| 9,297 |
|
|
| 6,666 |
|
|
| 33,322 |
|
|
| 17,399 |
|
Short-term borrowings |
|
| 2,217 |
|
|
| 2,855 |
|
|
| 11,317 |
|
|
| 6,546 |
|
Other borrowings |
|
| 145 |
|
|
| - |
|
|
| 539 |
|
|
| - |
|
Total interest expense |
|
| 11,659 |
|
|
| 9,521 |
|
|
| 45,178 |
|
|
| 23,945 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NET INTEREST INCOME |
|
| 14,396 |
|
|
| 15,540 |
|
|
| 58,279 |
|
|
| 61,554 |
|
(Release of) Provision for credit losses |
|
| (120 | ) |
|
| 250 |
|
|
| (1,360 | ) |
|
| 700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NET INTEREST INCOME AFTER (RELEASE OF) PROVISION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR CREDIT LOSSES |
|
| 14,516 |
|
|
| 15,290 |
|
|
| 59,639 |
|
|
| 60,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NONINTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service fees on deposit accounts |
|
| 719 |
|
|
| 732 |
|
|
| 2,808 |
|
|
| 3,075 |
|
Services charges and fees on loans |
|
| 350 |
|
|
| 365 |
|
|
| 1,331 |
|
|
| 1,350 |
|
Loan swap fees |
|
| 36 |
|
|
| 125 |
|
|
| 163 |
|
|
| 263 |
|
Unrealized loss on equity securities |
|
| - |
|
|
| - |
|
|
| (6 | ) |
|
| (4 | ) |
Trust and investment fees |
|
| 429 |
|
|
| 409 |
|
|
| 1,640 |
|
|
| 1,640 |
|
Loss on sale of investments, net |
|
| - |
|
|
| (121 | ) |
|
| - |
|
|
| (121 | ) |
Gain on sale of loans, net |
|
| 87 |
|
|
| 75 |
|
|
| 375 |
|
|
| 172 |
|
Earnings on bank-owned life insurance |
|
| 279 |
|
|
| 204 |
|
|
| 931 |
|
|
| 786 |
|
Insurance commissions |
|
| 132 |
|
|
| 125 |
|
|
| 527 |
|
|
| 584 |
|
Other |
|
| 88 |
|
|
| 69 |
|
|
| 435 |
|
|
| 161 |
|
Total noninterest income |
|
| 2,120 |
|
|
| 1,983 |
|
|
| 8,204 |
|
|
| 7,906 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NONINTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation and employee benefits |
|
| 6,716 |
|
|
| 6,467 |
|
|
| 26,906 |
|
|
| 26,621 |
|
Occupancy and equipment |
|
| 1,215 |
|
|
| 1,118 |
|
|
| 4,842 |
|
|
| 4,341 |
|
Professional fees |
|
| 1,013 |
|
|
| 1,179 |
|
|
| 4,295 |
|
|
| 4,760 |
|
Data processing |
|
| 1,333 |
|
|
| 1,213 |
|
|
| 5,399 |
|
|
| 4,910 |
|
Advertising |
|
| 189 |
|
|
| 113 |
|
|
| 680 |
|
|
| 648 |
|
Federal Deposit Insurance Corporation ("FDIC") |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
premiums |
|
| 329 |
|
|
| 330 |
|
|
| 1,638 |
|
|
| 1,078 |
|
Foreclosed real estate |
|
| - |
|
|
| 235 |
|
|
| 101 |
|
|
| 231 |
|
Amortization of intangible assets |
|
| - |
|
|
| 48 |
|
|
| 91 |
|
|
| 190 |
|
Other |
|
| 707 |
|
|
| 768 |
|
|
| 2,929 |
|
|
| 2,911 |
|
Total noninterest expense |
|
| 11,502 |
|
|
| 11,471 |
|
|
| 46,881 |
|
|
| 45,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Income before income taxes |
|
| 5,134 |
|
|
| 5,802 |
|
|
| 20,962 |
|
|
| 23,070 |
|
Income taxes |
|
| 955 |
|
|
| 1,173 |
|
|
| 3,970 |
|
|
| 4,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NET INCOME |
| $ | 4,179 |
|
| $ | 4,629 |
|
| $ | 16,992 |
|
| $ | 18,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
| $ | 0.44 |
|
| $ | 0.47 |
|
| $ | 1.78 |
|
| $ | 1.91 |
|
Diluted |
| $ | 0.44 |
|
| $ | 0.47 |
|
| $ | 1.78 |
|
| $ | 1.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Dividends per share |
| $ | 0.15 |
|
| $ | 0.15 |
|
| $ | 0.60 |
|
| $ | 0.60 |
|
| For the Three Months |
|
| For the Year |
| |||||||||||
| Ended September 30, |
|
| Ended September 30, |
| |||||||||||
| 2024 |
|
| 2023 |
|
| 2024 |
|
| 2023 |
| |||||
| (unaudited) |
| ||||||||||||||
| (dollars in thousands, except per share data) |
| ||||||||||||||
CONSOLIDATED AVERAGE BALANCES: |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total assets |
| $ | 2,168,605 |
|
| $ | 2,193,302 |
|
| $ | 2,192,136 |
|
| $ | 2,011,329 |
|
Total interest-earning assets |
|
| 2,056,158 |
|
|
| 2,077,342 |
|
|
| 2,077,988 |
|
|
| 1,896,988 |
|
Total interest-bearing liabilities |
|
| 1,638,562 |
|
|
| 1,672,443 |
|
|
| 1,671,205 |
|
|
| 1,491,428 |
|
Total stockholders' equity |
|
| 228,380 |
|
|
| 221,435 |
|
|
| 224,250 |
|
|
| 219,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
PER COMMON SHARE DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average shares outstanding - basic |
|
| 9,500,178 |
|
|
| 9,750,944 |
|
|
| 9,532,722 |
|
|
| 9,725,204 |
|
Average shares outstanding - diluted |
|
| 9,503,814 |
|
|
| 9,750,944 |
|
|
| 9,532,722 |
|
|
| 9,725,204 |
|
Book value shares |
|
| 10,123,708 |
|
|
| 10,394,689 |
|
|
| 10,123,708 |
|
|
| 10,394,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net interest rate spread: |
|
| 2.21 | % |
|
| 2.53 | % |
|
| 2.28 | % |
|
| 2.90 | % |
Net interest margin: |
|
| 2.79 | % |
|
| 2.97 | % |
|
| 2.80 | % |
|
| 3.24 | % |
SOURCE: ESSA Bancorp Inc.
View the original press release on accesswire.com
FAQ
What was ESSA Bancorp's net income for Q4 2024?
How much did ESSA's commercial real estate loans grow in fiscal 2024?
What was ESSA's Tier 1 capital ratio as of September 30, 2024?
How did ESSA's net interest margin change in Q4 2024 compared to Q4 2023?
