ESSA Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
April 28, 2022 at 09:48 am
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ESSA Bancorp, Inc. reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported net interest income was USD 14.22 million compared to USD 13.03 million a year ago. Net income was USD 4.59 million compared to USD 4.34 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.43 a year ago.
For the six months, net interest income was USD 27.78 million compared to USD 25.94 million a year ago. Net income was USD 9.21 million compared to USD 8.48 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 0.94 compared to USD 0.84 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.