ESSA Bancorp Q2 net income $4.6M ($0.48 EPS), stable YoY; margin pressure persists

ESSA Bancorp, Inc.

2024-Q2 EPS reported $0.93

Net income $4.6M ($0.48 diluted EPS) for Q2 ended March 31, 2024, flat vs $4.7M ($0.48) a year ago.
Total interest income rose 27.9% to $25.7M; net interest margin narrowed to 2.87% from 3.34% YoY.
Total net loans grew to $1.71B from $1.68B at Sept 30, 2023; commercial real estate loans up 4.2% to $856.1M.
Deposits fell to $1.45B from $1.66B at Sept 30, 2023; core deposits were 69.3% of total.
Tangible book value per share increased to $20.70 from $19.80 at Sept 30, 2023; Tier 1 capital ratio 9.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESSA Bancorp, Inc. reported financial results for fiscal second quarter and fiscal first half periods ended March 31, 2024.

Period: fiscal second quarter and fiscal first half periods ended March 31, 2024
Result: reported results

Exact text from the filing

On April 24, 2024, ESSA Bancorp, Inc. (the "Company") issued a press release reporting its financial results for the period ended March 31, 2024.

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Source: SEC EDGAR

accession 0001193125-24-113927

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