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Complete financial analysis of ES Bancshares, Inc. (ESBS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ES Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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ES Bancshares, Inc. (ESBS)
About ES Bancshares, Inc.
ES Bancshares, Inc., through its subsidiary, Empire State Bank, provides various commercial banking products and services in New York. The company offers various deposit products, including personal and business checking and money market accounts, personal and business savings accounts, individual retirement accounts, and certificates of deposits. It also provides SBA loans and lines of credit, commercial term loans, commercial letters of credit, and commercial real estate loans, as well as mortgage loans secured by one-to four-family residences. In addition, the company offers debit card, direct deposit, automatic loan payment and transfer, combined statement, remote deposit, cash and escrow management, wire transfer, night depository, and online and telephone banking services. ES Bancshares, Inc. was founded in 2004 and is based in Newburgh, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.97M | 18.77M | 19.15M | 15.14M | 12.40M | 11.83M | 9.71M | 10.24M | 7.63M | 6.81M | 5.34M | 6.59M | 6.29M | 5.60M | 4.05M | 3.29M | 2.55M | 266.00K |
| Cost of Revenue | -13.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 30.59M | 18.77M | 19.15M | 15.14M | 12.40M | 11.83M | 9.71M | 10.24M | 7.63M | 6.81M | 5.34M | 6.59M | 6.29M | 5.60M | 4.05M | 3.29M | 2.55M | 266.00K |
| Gross Profit Ratio | 180.26% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.87M | 7.67M | 7.84M | 6.46M | 6.26M | 5.73M | 4.66M | 823.00K | 1.03M | 938.00K | 1.05M | 3.49M | 3.12M | 2.91M | 2.35M | 2.04M | 1.81M | 910.00K |
| Selling & Marketing | 406.00K | 250.00K | 228.00K | 149.00K | 206.00K | 256.00K | 167.00K | 123.00K | 154.00K | 132.00K | 90.00K | 155.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 8.28M | 7.92M | 8.07M | 6.61M | 6.46M | 5.98M | 4.83M | 6.00M | 5.97M | 5.28M | 4.83M | 3.65M | 3.12M | 2.91M | 2.35M | 2.04M | 1.81M | 910.00K |
| Other Expenses | 8.69M | -19.89M | -21.31M | -20.18M | -16.75M | -16.66M | -2.30M | -2.05M | 0.00 | 0.00 | 0.00 | -10.24M | -9.05M | -9.74M | -8.33M | -6.04M | -5.79M | -3.06M |
| Operating Expenses | 16.97M | -11.97M | -13.23M | -13.57M | -10.29M | -10.67M | 2.30M | 2.05M | 7.44M | 6.22M | 5.76M | -6.60M | -5.93M | -6.83M | -5.98M | -4.00M | -3.98M | -2.15M |
| Cost & Expenses | 16.97M | -11.97M | -13.23M | -13.57M | -10.29M | -10.67M | 11.24M | 8.83M | 7.44M | 6.22M | 5.76M | -6.60M | -5.93M | -6.83M | -5.98M | -4.00M | -3.98M | -2.15M |
| Interest Income | 28.21M | 21.21M | 20.56M | 18.79M | 17.91M | 14.76M | 10.75M | 0.00 | 0.00 | 0.00 | 0.00 | 7.54M | 7.83M | 7.51M | 6.63M | 6.26M | 4.65M | 246.00K |
| Interest Expense | 12.32M | 3.84M | 2.68M | 4.43M | 6.50M | 4.13M | 2.21M | 0.00 | 0.00 | 0.00 | 0.00 | 2.33M | 2.90M | 3.36M | 3.28M | 3.57M | 2.51M | 65.00K |
| Depreciation & Amortization | -1.95M | 1.71M | 758.00K | 601.00K | 576.00K | 360.00K | 288.00K | 275.00K | -905.00K | -726.00K | 288.00K | 191.00K | 243.00K | 235.00K | 308.00K | 231.00K | 195.00K | 72.00K |
| EBITDA | 1.91M | 8.50M | 6.67M | 2.51M | 3.00M | 1.56M | 0.00 | 1.68M | -711.00K | 778.00K | -126.00K | 187.00K | 601.00K | -977.00K | -1.62M | -477.00K | 0.00 | 0.00 |
| EBITDA Ratio | 11.27% | 45.31% | 34.83% | 14.36% | 21.64% | 12.78% | 26.36% | -1.75% | -9.31% | 65.60% | -2.36% | 2.84% | 9.55% | -17.80% | -40.08% | -14.51% | -48.28% | -680.83% |
| Operating Income | 3.86M | 6.80M | 5.91M | 1.57M | 2.11M | 1.15M | 2.27M | 1.32M | 905.00K | 726.00K | -288.00K | -4.00K | 358.00K | -1.23M | -1.93M | -708.00K | -1.43M | -1.88M |
| Operating Income Ratio | 22.75% | 36.21% | 30.87% | 10.39% | 17.00% | 9.73% | 23.39% | 12.88% | 11.86% | 10.66% | -5.39% | -0.06% | 5.69% | -21.99% | -47.69% | -21.54% | -55.92% | -707.89% |
| Total Other Income/Expenses | -1.95M | -1.49M | -1.68M | -1.93M | -1.54M | -1.49M | -1.06M | -318.00K | -711.00K | -129.00K | -925.00K | 0.00 | -30.00K | -500.00K | 0.00 | 0.00 | -1.28M | 1.75M |
| Income Before Tax | 1.91M | 6.80M | 5.91M | 1.57M | 2.11M | 1.15M | 2.27M | 1.00M | 194.00K | 597.00K | -414.00K | -4.00K | 358.00K | -1.23M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 11.27% | 36.21% | 30.87% | 10.39% | 17.00% | 9.73% | 23.39% | 9.78% | 2.54% | 8.76% | -7.75% | -0.06% | 5.69% | -21.99% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 440.00K | 1.55M | 1.29M | 369.00K | 512.00K | 272.00K | 1.29M | 329.00K | 145.00K | 2.30M | 109.00K | -51.00K | -130.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 1.47M | 5.25M | 4.63M | 1.21M | 1.60M | 879.00K | 986.00K | 672.00K | 49.00K | 2.90M | -523.00K | 47.00K | 488.00K | -1.23M | -1.93M | -708.00K | -1.43M | -1.88M |
| Net Income Ratio | 8.68% | 27.97% | 24.16% | 7.96% | 12.87% | 7.43% | 10.15% | 6.56% | 0.64% | 42.51% | -9.79% | 0.71% | 7.76% | -21.99% | -47.69% | -21.54% | -55.92% | -707.89% |
| EPS | 0.22 | 0.79 | 0.70 | 0.18 | 0.24 | 0.21 | 0.26 | 0.20 | 0.01 | 0.87 | -0.16 | 0.02 | 0.23 | -0.64 | -1.09 | -0.41 | -0.83 | -1.10 |
| EPS Diluted | 0.22 | 0.78 | 0.69 | 0.17 | 0.24 | 0.21 | 0.26 | 0.20 | 0.01 | 0.87 | -0.16 | 0.02 | 0.23 | -0.64 | -1.09 | -0.41 | -0.83 | -1.10 |
| Weighted Avg Shares Out | 6.71M | 6.68M | 6.65M | 6.65M | 6.65M | 4.12M | 3.86M | 3.31M | 3.31M | 3.31M | 3.31M | 2.27M | 2.08M | 1.93M | 1.77M | 1.72M | 1.72M | 1.71M |
| Weighted Avg Shares Out (Dil) | 6.71M | 6.75M | 6.73M | 7.09M | 6.65M | 4.12M | 3.86M | 3.31M | 3.31M | 3.31M | 3.31M | 2.27M | 2.08M | 1.93M | 1.77M | 1.72M | 1.72M | 1.71M |
ES Bancshares, Inc. Announces Third Quarter 2024 Results; Continues Trend of Net Interest Margin Expansion and Revenue Growth
STATEN ISLAND, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today reported net income of $582 thousand, or $0.08 per diluted common share, for the...
ES Bancshares, Inc. Announces Second Quarter 2024 Results; Reports Double Digit Percent Organic Deposit Growth, Sees Net Interest Margin Expansion
STATEN ISLAND, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today reported net income of $158 thousand, or $0.02 per diluted common share, for the...
CORRECTION - ES Bancshares, Inc. Announces First Quarter 2024 Results; Reports Organic Deposit Inflows, Reduces Wholesale Funding
STATEN ISLAND, N.Y., May 14, 2024 (GLOBE NEWSWIRE) -- Please note in a release issued on April 30, 2024 by ES Bancshares, that the 1Q23 data column in the Key Quarterly Financial Data table was incorrect. The amended release follows:
ES Bancshares, Inc. Announces First Quarter 2024 Results; Reports Organic Deposit Inflows, Reduces Wholesale Funding
STATEN ISLAND, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today reported a net loss of $103 thousand, or $0.02 per diluted common share, for...
ES Bancshares, Inc. Announces Fourth Quarter and Full-Year 2023 Results; Strong Asset Quality Improves Further in Fourth Quarter
STATEN ISLAND, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today announced financial results for the fourth quarter of 2023. The Company's net income was...
ES Bancshares, Inc. and Empire State Bank announce the appointment of an experienced investor to their Boards of Directors
STATEN ISLAND, N.Y., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Andrew Finkelstein, the Chairman of the board of ES Bancshares, Inc. (OTCQX: ESBS) today announced the appointment of Tom Thiel to the boards of directors of ES Bancshares Inc. and Empire...
ES Bancshares, Inc. Announces Third Quarter Results; Continues Trend of Increasing Tangible Book Value Per Share While Accelerating Cost Savings Program
STATEN ISLAND, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today announced financial results for the third quarter of 2023. The Company's net income was...
ES Bancshares, Inc. Announces Second Quarter Results; Continues Trend of Increasing Tangible Book Value Per Share While Seeing Continued Organic Growth and a Stabilized Margin
STATEN ISLAND, N.Y., July 25, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today announced financial results for the second quarter of 2023. The Company's net income was...
Empire State Bank Names Former CEO and President, Ralph Branca as Executive Vice President and Chief Credit Officer
NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Empire State Bank announced today that it has named Ralph Branca as Executive Vice President and Chief Credit Officer.
ES Bancshares, Inc. Reports Record Return on Average Assets and Equity of 0.82% and 11.59%, Respectively, for the Quarter Ended June 30, 2021 Compared to 0.30% and 4.39% for the 2020 Period
NEWBURGH, N.Y., July 27, 2021 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today announced net income of $1.1 million, or $0.16 per basic common share and $0.15 per...
Source: https://incomestatements.info
Category: Stock Reports