Elmira Savings Bank (ESBK) Reports Q1 EPS of $0.34

Elmira Savings Bank (NASDAQ: ESBK) reported Q1 EPS of $0.34.

Highlights

• Net income was $1,131,000 for the three months ended March 31, 2018 compared to $1,079,000 for the same period in 2017.
• Diluted earnings per share were $.34 per share for the three months ended March 31, 2018 compared to $.31 per share for the same period in 2017.
• Return on average assets was .83% for the three months ended March 31, 2018 and .78% for the same period in 2017.
• Return on average equity was 8.03% for the three months ended March 31, 2018 compared to 7.74% for the same period in 2017.

“The increase in net income combined with the effect of our capital restructuring last year has improved diluted earnings per share by 10% from the first quarter of 2018 to the same period one year ago” said Thomas M. Carr, President and CEO. Carr continued, “We are pleased the Bank’s net interest margin continues to improve and that recent asset quality improvements have been sustained.”

For earnings history and earnings-related data on Elmira Savings Bank (ESBK) click here.

You May Also Be Interested In

• Jefferies sees a buying opportunity in this S&P 500 sector
• Innovative Solutions & Support (ISSC) Tops Q3 EPS by 10c
• Range Impact, Inc. (RNGE) Reports Q2 Loss of $0.02