ES Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:30 am EDT
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ES Bancshares, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was USD 4.36 million compared to USD 4.37 million a year ago. Net income was USD 1.18 million compared to USD 1.01 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.15 a year ago.
ES Bancshares, Inc. serves as the holding company for Empire State Bank (the Bank). The Bank is a New York state chartered bank and provides a variety of financial services to meet the needs of communities in its market area. The Bankâs principal business is attracting commercial and retail deposits in New York and investing those deposits primarily in loans, consisting of commercial real estate loans, and other commercial loans, including small business administration (SBA) and mortgage loans secured by one-to-four-family residences. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States government and agencies thereof, corporate securities and other investments. The Bank operates from its five banking center locations and two Loan Production offices. The Bankâs loan production offices are located in Queens and Staten Island, New York. The Bankâs subsidiaries include Iron Creek LLC and North Plank Realty II Inc.
ES BANCSHARES, INC. 
