News about ES Bancshares

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.