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The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a cash dividend of $0.15 per share on its common stock. This dividend will be payable on March 12, 2021, to shareholders of record as of March 4, 2021. Elmira Savings Bank currently holds total assets of $649.0 million and is insured by the FDIC, operating multiple locations across New York's Chemung, Tompkins, Steuben, Cayuga, and Schuyler Counties.
Elmira Savings Bank (NASDAQ:ESBK) reported a net income of $1,284,000 for Q4 2020, reflecting a 37% year-on-year increase, and a total of $4,159,000 for 2020, up 19% from 2019. Diluted earnings per share were $0.37 and $1.19 for Q4 and 2020, respectively. Key metrics include a return on average assets of 0.78% and a net interest margin of 3.06%. Total assets rose by 6.2% to $644.6 million, while loans decreased 6% to $489.2 million. Deposits increased 6.8% to $547.0 million.
Elmira Savings Bank (NASDAQ:ESBK) has announced a cash dividend of $0.15 per share on common shares, set to be distributed on December 11, 2020. Shareholders of record as of December 4, 2020 will qualify for this payment. The bank, with total assets of $667.0 million, operates multiple offices across several counties in New York and is FDIC insured. The release also mentions forward-looking statements that include various risks such as competitive products and management of growth.
Elmira Savings Bank (NASDAQ:ESBK) reported a net income of $948,000 for Q3 2020, up 5% from $901,000 in Q3 2019. For the first nine months, net income reached $2,875,000, marking a 13% increase from $2,546,000 in 2019. Diluted EPS rose to $.27 and $.82 for Q3 and nine months, respectively, compared to $.26 and $.73 last year. Total assets increased by $67.2 million to $674.0 million, with deposits growing 7.6% to $551.3 million. However, the bank expressed concerns over the pandemic's economic impact despite financial improvements.
Elmira Savings Bank (NASDAQ: ESBK) has declared a cash dividend of $0.15 per share, set to be paid on September 11, 2020, to shareholders of record on September 4, 2020. The bank holds $684.4 million in total assets and is insured by the FDIC. Elmira operates multiple branches across several counties in New York.
Elmira Savings Bank (NASDAQ:ESBK) reported net income of $909,000 and $1,927,000 for the three and six months ending June 30, 2020, showing year-over-year increases of 27% and 17%, respectively. Diluted EPS rose to $0.26 and $0.55 for the same periods, up from $0.21 and $0.47 in 2019. Total assets climbed 11.4% to $675.9 million, while deposits increased by 7.6% to $551.2 million. Nonperforming loans rose to 1.02%, and the allowance for loan losses was 0.96% of total loans. Dividends paid were $0.15 and $0.38 for the three and six months, respectively.
The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a cash dividend of $0.15 per share on existing common shares. This dividend will be paid on June 12, 2020, to shareholders of record as of June 5, 2020. CEO Thomas Carr noted the decision to reduce the dividend was due to economic uncertainty but emphasized the bank's commitment to continue dividend payments, which have been issued quarterly since its IPO in the 1980s. Elmira Savings Bank holds $638.8 million in assets and is FDIC-insured.
Elmira Savings Bank (NASDAQ:ESBK) reported a 9.8% increase in net income to $1,018,000 for the three months ended March 31, 2020, compared to $927,000 during the same period in 2019. Diluted earnings per share rose to $0.29 from $0.26. Return on average assets improved to 0.68%, and return on average equity reached 6.93%. The bank secured over $23 million in Paycheck Protection Program loans for local small businesses, aiding in economic stability amid the COVID-19 crisis. However, total assets decreased by $8.8 million, and loans receivable declined by 1.6% to $510.6 million. Non-performing loans to total loans ratio increased to 0.86% from 0.82% in the previous quarter.