Welcome to our dedicated page for Essa Banc news (Ticker: ESSA), a resource for investors and traders seeking the latest updates and insights on Essa Banc stock.
ESSA Banc (ESSA) maintains its position as a trusted community-focused financial institution through strategic initiatives and operational excellence. This news hub provides investors and stakeholders with timely updates on the bank’s financial performance, service expansions, and community engagement efforts.
Access official press releases, earnings reports, and regulatory filings alongside analyses of ESSA’s lending programs, deposit growth strategies, and risk management practices. Our curated collection ensures transparent access to developments in mortgage lending innovations, commercial banking partnerships, and trust service enhancements.
Key updates include quarterly financial results, leadership announcements, branch network expansions, and participation in local economic development projects. Bookmark this page to stay informed about ESSA’s evolving role in eastern Pennsylvania’s financial landscape through verified updates from primary sources.
ESSA Bancorp, Inc. (NASDAQ:ESSA) has declared a quarterly dividend of $0.12 per share, payable to shareholders on September 30, 2021, with a record date of September 16, 2021. The company, headquartered in Stroudsburg, Pennsylvania, holds total assets of $1.8 billion and operates 21 community offices in the Lehigh Valley and northeastern Pennsylvania. ESSA Bank & Trust provides a wide range of financial services, including commercial banking and asset management.
ESSA Bancorp, Inc. (NASDAQ:ESSA) reported strong financial performance for the fiscal third quarter and nine months ended June 30, 2021, with net income rising 6.6% to $4.0 million ($0.41/share) and 18.0% to $12.5 million ($1.25/share) respectively. Key drivers included reduced interest expenses, improved net interest margin of 2.91%, and growth in commercial real estate loans, which increased 13.5% year-to-date. However, noninterest income fell by 20.5% in Q3. Total deposits increased to $1.59 billion, while stockholders' equity rose to $199.3 million, reflecting overall stability and growth.
ESSA Bancorp, Inc. announced a quarterly dividend of $0.12 per share, payable on June 30, 2021, to shareholders of record as of June 16, 2021. The company, with total assets of $1.9 billion, operates primarily in Pennsylvania and offers various banking and investment services. This dividend reflects the company's ongoing commitment to returning value to shareholders amid a competitive financial landscape.
ESSA Bancorp reported a net income of $4.3 million, or $0.43 per diluted share, for Q2 FY2021, a 27% increase from $3.4 million in Q2 FY2020. For the first half of 2021, net income reached $8.5 million, up 24% year-over-year. Positive earnings were driven by strong residential mortgage originations and PPP lending. Noninterest income also rose by 30% to $3.5 million due to commercial loan swap fees and mortgage sales. Despite steady deposit growth, total net loans declined to $1.39 billion, affected by loan sales and paydowns. The quarterly dividend increased to $0.12 per share.
ESSA Bancorp, Inc. (NASDAQ: ESSA) announced a quarterly dividend of $0.12 per share, reflecting a 9.1% increase from the prior quarter's dividend. Shareholders on record by March 16, 2021 will receive the payment on March 31, 2021. With total assets of $1.8 billion, ESSA Bank & Trust operates 22 community offices across northeastern Pennsylvania and suburban Philadelphia, offering a spectrum of banking services.
ESSA Bancorp, Inc. (NASDAQ:ESSA) reported a net income of $4.1 million for the fiscal first quarter of 2021, translating to $0.41 per diluted share, representing a 21% increase from $3.4 million in Q1 2020. The bank maintained a strong balance sheet with total assets of $1.87 billion and $217.2 million in cash, up $61.3 million from the previous quarter. Noninterest income surged 29% to $3.1 million, driven by mortgage originations. However, total net loans decreased to $1.38 billion, reflecting the impact of the pandemic.
ESSA Bancorp, Inc. (NASDAQ:ESSA) has appointed Carolyn P. Stennett and Dr. Tina Q. Richardson to its Board of Directors, increasing the board size to 10 members. Stennett, Vice President of Human Resources at Victaulic, brings extensive experience in people strategy and corporate objectives. Dr. Richardson, Chancellor of Penn State Lehigh Valley, has a strong background in strategic planning and education. These appointments aim to enhance the company’s governance, aligning with its guiding principles and commitment to growth.
ESSA Bancorp, Inc. (NASDAQ:ESSA) reported a net income of $3.8 million, or $0.38 per diluted share, for Q4 2020, marking a 3% increase year-over-year. For the full year, net income rose 14% to $14.4 million, or $1.39 per diluted share. The company benefited from a growth in noninterest income, which surged 149% in Q4, driven by loan swaps and securities sales. Total assets reached $1.9 billion, with loans increasing to $1.42 billion. Despite economic challenges posed by the COVID-19 pandemic, the company maintained strong capital and liquidity, reflected in a tangible book value per share of $16.26.
ESSA Bancorp has declared a quarterly dividend of $0.11 per share, payable on September 30, 2020 to shareholders of record as of September 16, 2020. This decision reflects the company’s commitment to returning value to its investors. The holding company, which oversees ESSA Bank & Trust with total assets of $2.0 billion, continues to provide comprehensive banking services across key markets in Pennsylvania.
FAQ
What is the current stock price of Essa Banc (ESSA)?
What is the market cap of Essa Banc (ESSA)?
