ES Bancshares Q2 Book Value Hits $7.64, Ninth Straight Quarter of Growth
ESBS is trading near its 52-week low of $5.73 (11% above the low) on light trading volume (0.3× avg).
Summary
ES Bancshares reported Q2 2026 net income of $882K, or $0.13 per share, down from $1.1M in Q1, with the decline attributed to higher taxes. Net interest margin improved to 3.10% from 3.06%, and book value per share rose to $7.64, marking the ninth consecutive quarter of growth. The company repurchased 40,000 shares at a discount to book, while the cost of funds edged lower to 2.41% and total deposits grew $4.2M from year-end 2025. Nonperforming assets declined to 0.80% of total assets, and the bank remains well-capitalized with all regulatory ratios comfortably above thresholds. Shares trade at $6.35, a wide discount to tangible book value of $7.56, making the ongoing buyback accretive.
At the time of this announcement, ESBS was trading at $6.35 on OTC in the Finance sector, with a market capitalization of approximately $42.3M. The 52-week trading range was $5.73 to $7.51. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.