ES Bancshares, Inc. (OTCQX: ESBS), holding company of Empire State Bank, reported net income of $1.0 million, or $0.14 per diluted share, for the quarter ended September 30, 2026, up from $882 thousand, or $0.13 per share, in the June quarter. Net interest margin rose 11 basis points to 3.21%, mainly because interest expense on borrowings fell, and net interest income increased $148 thousand to $4.8 million despite lower average loan balances. Book value per share reached $7.78, up from $7.34 at December 31, 2025, while total assets fell 3.3% to $596.1 million and loans receivable fell 4.9% to $518.2 million. Nonperforming assets were $4.9 million, or 0.83% of total assets, and the Bank remained well-capitalized. The company did not repurchase shares in the quarter and terminated its second stock repurchase plan.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on manilatimes.net ↗
Keywords
banksearningscreditES Bancshares
Open a keyword to see other news on the same topic.
Related news
- At end of Q3, PGBank's pre-tax profit reaches VND 630 billion, up 27% year on year
PGBank reported pre-tax profit after provisions of VND 630 billion for the first nine months of 2026, up 27% from the same period in 2025, as total operating income rose 9.6% and non-interest income from services and foreign exchange more than doubled. As of September 30, 2026, total assets reached VND 92,637 billion, up 4.3% from end-2025, with loans to customers up about 7.1%, customer deposits up 5.8%, and non-term deposits (CASA) surging 32%. Owners' equity rose 27.8% to VND 8,364 billion, and charter capital increased 33.2% to VND 7,327 billion. The bank's non-performing loan ratio stood at 2.46%, which it said remains within the safe threshold set by the State Bank of Vietnam.
- Service income up 40%, Techcombank consolidates leading position, record Q3 profit
Techcombank reported Q3/2026 pre-tax profit of VND 10.4 trillion, its highest quarterly level to date, lifting nine-month pre-tax profit to VND 28.9 trillion, up 23.7% year on year. Service income for nine months rose 40.0% to VND 11.8 trillion, mainly from letter of credit, cash and payment income up 136.6%, helping diversify income while net interest margin remains under pressure. Credit growth accelerated on national infrastructure projects, with total assets at VND 1.3 million billion as of Sept 30, 2026, and the capital adequacy ratio (CAR) at 15.0%. Nine-month operating expenses rose 18.7% as the bank expanded staffing, marketing and technology investment.
- Bank Profit Update, 17 October Morning: All Show Double-Digit Growth, One Bank Nearly Doubles Profit
Updated estimates for the first nine months of 2026 show every bank listed posting double-digit profit growth. SHB estimates pre-tax profit of 14,300 billion VND, up 17% and 81% of its full-year plan, with total assets of 990,000 billion VND and credit outstanding of 680,000 billion VND. ABBank estimates about 4,540 billion VND, up 97% and reaching 100% of its annual plan, with bad debt kept below the 1.5% target. Nam A Bank reported over 4,700 billion VND, up 25%, while Vietbank earned 1,297 billion VND, up 50%, helped by a 12% rise in net interest income. SHB also said proceeds from the SHB Finance transfer will be booked in Q4 2026.
- MB Cuts Lending Rates by Up to 2% to Support Businesses
MB is cutting its lending rate by 1.5% per year for five priority sectors: agriculture and rural areas, export goods, small and medium enterprises, supporting industries, and high-tech businesses, with the adjusted rate starting from 7.9% per year. Some eligible cases may get reductions of up to 2% per year, aimed at lowering capital costs as working-capital needs rise toward year-end. Earlier, MB launched a 10,000 billion VND preferential credit package for SMEs. Through its BIZ MBBank platform, the bank uses AI and big data to approve eligible applications automatically on the same day, and says more than 25,000 businesses have accessed over 300,000 billion VND in funding through digital lending.
- HDBank launches VND 10,000 billion credit package, cuts interest rates by 1.5% per year to support businesses
HDBank is rolling out a VND 10,000 billion credit package from October 20, 2026 until November 30, 2026 or until the quota is reached, in line with government and State Bank of Vietnam policy to cut lending rates. Rates are 1.5% per year lower than the current preferential SME rate, offered to existing and new eligible customers in sectors such as exports, agriculture, high technology and supporting industries. Loans are disbursed in VND for working capital with a maximum tenor of 3 months, at 8% per year for up to 2 months and 8.7% per year for over 2 to 3 months, and borrowers must have a credit rating of A or higher. The funds cannot be used for real estate, securities or financial business, or to deposit money or buy certificates of deposit or bonds at other credit institutions.
- Bank Staff Push Last-Minute Deposits Ahead of Interest Rate Cuts
Following a State Bank of Vietnam directive to lower deposit rates, staff at many banks are pushing customers to deposit funds at the last minute before rates fall. The central bank requires banks to cut deposit rates by at least 0.5 percentage point for terms of 6 months and longer, or face tighter credit growth targets. The highest listed rate for 6-12-month terms hit 8% in August, up 2.5 percentage points year on year, while a VnExpress survey found 6-month rates at 8.5-9.2% a year. Since the directive, 15 banks have announced new deposit rate schedules, mostly cutting by 0.5 percentage point to below 7% a year for terms of 6 months and above. Some analysts say rates are near their peak and could ease from early 2027, though a quick reversal is unlikely as credit demand tends to rise toward year-end.
Related markets
Latest news
- German Chancellor: Aid to Ukraine Is a 'Huge Burden' on European Budgets
German Chancellor Friedrich Merz acknowledged that support for Ukraine is a huge burden on European budgets, but said European countries intend to keep helping until the conflict ends. He said Germany and other European allies are funding military aid to Ukraine without US participation. Armin Laschet, chair of the Foreign Policy Committee, said Germany has exhausted its capacity to provide military aid ahead of winter with no reserves left, and called for more pragmatism and clearer priorities.
- Drift exploiter sends $61M ETH to Tornado Cash, holds $194M
A wallet linked to the Drift Protocol hack sent about $61 million in Ether (ETH) to Tornado Cash, a mixer that obscures transaction trails, according to Lookonchain. The wallet deposited 25,700 ETH over two hours on Tuesday, after two months of inactivity. Arkham data shows the exploiter's addresses still hold about 81,454 ETH, worth roughly $194 million. Drift, a Solana-based decentralized exchange, reported about $295 million in losses from the April 1 hack, which Mandiant later attributed to the North Korean threat group UNC6862. DefiLlama ranks it as the third-largest crypto hack of 2026.
- JPMorgan Expects Bitcoin to Beat Stocks and Gold Over the Next Decade. Why Is Justin Sun Turning More Bearish?
JPMorgan Asset Management has included Bitcoin in its 2027 long-term return forecasts for the first time, estimating a 10% compound annual return over 10 to 15 years, versus 7.5% for U.S. large-cap stocks, 8.2% for U.S. REITs and 5.5% for gold, though projected annual volatility is 55%. In an October 16, 2026 interview, Justin Sun said AI and quantum computing could threaten Bitcoin's security within 1 to 1.5 years, making him “slightly more bearish.” Many cryptographers argue the threat from classical computers is overstated, and Bitcoin developers are working on quantum-resistant address proposals such as BIP 360. The article also notes Sun's potential conflict of interest, since Tron competes directly with Bitcoin. As of October 20, Bitcoin was priced at $81,453, down 6.8% year-to-date.
- Klondike Gold Completes 2026 Drilling, Advances Planned Mineral Resource Estimate Update and Reports Additional Montana Creek Gold Royalties
Klondike Gold (TSXV: KG) has completed its 2026 diamond drilling program, with about 12,446 meters in 60 holes testing extensions of mineralization next to the Lone Star resource, and is advancing an updated NI 43-101 Mineral Resource Estimate targeted for the first half of 2027. Assay results for the 2026 drilling remain outstanding due to high laboratory demand and the need for separate analytical methods for gold and tellurium. Cumulative 2026 royalty receipts from Armstrong Mining's placer operations at Montana Creek total 513.1 ounces of flake gold at about 82% purity through October 15, up 238.6 ounces since August 26, with roughly 440 ounces of 99.99% gold credited and held on account. The company also received $497,000 from exercises of 3,500,000 warrants and stock options through the end of October 2026.
- Tx launches USTX stablecoin to pull RWA liquidity onto its chain
Real-world asset platform tx has launched USTX, a dollar stablecoin issued by fintech Brale for its wallet and planned marketplace for tokenized stocks. Users need USDC to mint USTX, which can also be redeemed for USDC, and deposits are accepted from eight blockchains including Ethereum, Solana and Base. Each token is said to be backed 1:1 by $1 in assets such as cash, bank deposits, government money market funds and short-term US Treasury bills. Eligible users may receive rewards through tx's wallet programs, and co-founder Ashley Ebersole said the program was designed on legal advice to stay within the GENIUS Act, which bars stablecoin issuers from paying yield solely for holding a stablecoin.
- DNSE posts over VND 1,300 billion in operating revenue in first nine months, up more than 27%
DNSE reported operating revenue of VND 1,302.9 billion for the first nine months of 2026, up 27.3% year on year, with interest income from loans and receivables up nearly 33%. Margin loan balances reached VND 6,445 billion at the end of Q3. Nine-month pre-tax profit was VND 171.3 billion and after-tax profit was VND 135.8 billion, as total costs rose 62% and the company cited weaker market liquidity and VN-Index movements. According to HNX, DNSE's derivatives brokerage market share hit a record 26.62% in Q3, and its securities accounts reached 2 million in September 2026, roughly one-seventh of all securities accounts in the market.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.