ESSA Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
October 26, 2023 at 02:31 pm
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ESSA Bancorp, Inc. reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported net interest income was USD 15.54 million compared to USD 17.04 million a year ago. Net income was USD 4.63 million compared to USD 5.83 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.6 a year ago.
For the full year, net interest income was USD 61.55 million compared to USD 59.77 million a year ago. Net income was USD 18.58 million compared to USD 20.07 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 2.06 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 2.06 a year ago.
ESSA Bancorp, Inc. is a holding company for ESSA Bank & Trust (the Bank). The Bank is a chartered savings bank. The Bank has two regional offices in Allentown and Devon, and operates 21 community offices throughout the greater Pocono, Lehigh Valley, Scranton/Wilkes-Barre and suburban Philadelphia areas. The Bankâs primary business consists of the taking of deposits and granting of loans to customers generally in Monroe, Northampton, Lehigh, Delaware, Chester, Montgomery, Lackawanna and Luzerne Counties, Pennsylvania. Its personal banking services include personal checking, personal savings, certificates of deposit, money market account, individual retirement accounts (IRAs), online banking, mobile banking, mobile deposit, online bill pay, e-statements, Zelle, Debit Mastercard and others. Its business banking services include business checking, IOLTA checking, government checking, commercial and industrial loans, commercial real estate loans, government financing and credit and others.