ES Bancshares, Inc. Announces Third Quarter 2026 Results; Tenth Consecutive Quarter of Growth in Our Book Value Per Share
Key Highlights
- ➤Net income $1.0 million, or $0.14 per diluted share, versus $882 thousand previously
- ➤Net interest margin rose 11 basis points quarter over quarter to 3.21%
- ➤Book value reached $7.78 per share, increasing for the tenth consecutive quarter
- ➤Core deposits grew $3.5 million from year-end 2025, including $12.1 million non-interest-bearing growth
- ➤Nonperforming assets fell $958 thousand from year-end 2025 to $4.9 million
Expert Statements
Phil Guarnieri, Director and Chief Executive Officer of ES Bancshares
“We have increased our earnings per share, net interest margin and our net interest income this quarter. Our book value per share has grown to $7.78. Our cost containment program and greater efficiencies have contributed to our improved performance this quarter.”
STATEN ISLAND, N.Y., Oct. 20, 2026 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today reported net income of $1.0 million, or $0.14 per diluted common share, for the quarter ended September 30, 2026, compared to a net income of $882 thousand, or $0.13 per diluted common share for the quarter ended June 30, 2026.
Key Quarterly Financial Data 2026 Highlights Performance Metrics 3Q26 2Q26 1Q26 •Our core deposits grew by $3.5 million from year end 2025 inclusive of a $12.1 million increase in non-interest bearing deposits. Return on average assets (%) 0.65 0.57 0.71 Return on average equity (%) 7.54 6.72 8.91 Return on average tangible equity (%) 7.63 6.80 9.02 Net interest margin (%) 3.21 3.10 3.06 •The Cost of Funds for the three months ended September 30, 2026, dropped to 2.36% from 2.41% in the prior linked quarter.
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