Elmira Savings Bank Reports Second Quarter Earnings
Elmira Savings Bank NY (The) (ESBK)
US:NASDAQ Investor Relations:
elmirasavingsbank.com/investors/investorinformation.aspx
Company Research
Source: GlobeNewswire
ELMIRA, N.Y., July 17, 2019 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,163,000 and $2,294,000 for the three and six months ended June 30, 2018 compared to $1,108,000 and $2,187,000 for the same periods in 2017. Diluted earnings per share were $.33 per share and $.66 per share for the three and six months ended June 30, 2018 compared to $.27 per share and $.56 per share for the same periods in 2017. Return on average assets was .83% for both the three and six months ended June 30, 2018 compared to .79% and .78% for the same periods in 2017. Return on average equity was 8.11% and 8.07% for the three and six months ended June 30, 2018 compared to 7.01% and 7.35% for the same periods in 2017. “The increase in net income combined with the effect of our capital restructuring last year has improved diluted earnings per share by 18% for the first half of 2018 compared to the same period one year ago,” said Thomas M. Carr, President and CEO. N
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