Elmira Savings Bank Reports First Quarter Earnings
Elmira Savings Bank NY (The) (ESBK)
US:NASDAQ Investor Relations:
elmirasavingsbank.com/investors/investorinformation.aspx
Company Research
Source: GlobeNewswire
ELMIRA, N.Y., April 28, 2020 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) - Highlights Net income was $1,018,000 for the three months ended March 31, 2020 compared to $927,000 for the same period in 2019. Diluted earnings per share were $.29 per share for the three months ended March 31, 2020 compared to $.26 per share for the same period in 2019. Return on average assets was .68% for the three months ended March 31, 2020 and .64% for the same period in 2019. Return on average equity was 6.93% for the three months ended March 31, 2020 compared to 6.41% for the same period in 2019. “We are pleased with the improvement in net income during the first quarter. We are concerned about the current COVID-19 pandemic and the impact it is having on our economy, but feel fortunate that our market areas have not yet experienced the widespread health crisis, like other areas of the state,” said Thomas M. Carr, President and CEO. Carr continued, “As an express Small Business Adm
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