Elmira Savings Bank Reports 2019 Earnings
Elmira Savings Bank NY (The) (ESBK)
US:NASDAQ Investor Relations:
elmirasavingsbank.com/investors/investorinformation.aspx
Company Research
Source: GlobeNewswire
ELMIRA, N.Y., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $940,000 and $3,486,000 for the three and twelve months ended December 31, 2019 compared to $935,000 and $4,239,000 for the same periods in 2018. Diluted earnings per share were $.27 per share and $1.00 per share for the three and twelve months ended December 31, 2019 compared to $.27 per share and $1.21 per share for the same periods in 2018. Return on average assets was .61% and .57% for the three and twelve months ended December 31, 2019 compared to .65% and .75% for the same periods in 2018. Return on average equity was 6.33% and 5.93% for the three and twelve months ended December 31, 2019 compared to 6.39% and 7.36% for the same periods in 2018. “We are pleased with our loan and deposit growth in 2019 and continue to focus on improving profitability,” said Thomas M. Carr, President and CEO. Net Income Net income totaled $3,486,000 for the twelve months ended
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