Last $21.34 USD
Change Today 0.00 / 0.00%
Volume 0.0
ESBK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

elmira savings bank (ESBK) Snapshot

Open
$20.88
Previous Close
$21.34
Day High
$21.34
Day Low
$20.87
52 Week High
04/9/14 - $24.78
52 Week Low
08/29/14 - $20.16
Market Cap
56.4M
Average Volume 10 Days
459.2
EPS TTM
$0.99
Shares Outstanding
2.6M
EX-Date
11/26/14
P/E TM
21.6x
Dividend
$0.92
Dividend Yield
4.31%
Current Stock Chart for ELMIRA SAVINGS BANK (ESBK)

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elmira savings bank (ESBK) Details

Elmira Savings Bank provides banking and other financial services to individual and commercial customers. Its deposit products include savings and money market accounts, time deposits, retail and commercial checking accounts, NOW accounts, and certificates of deposit. The company’s loan products portfolio comprises residential, commercial, and construction real estate loans; commercial loans; consumer loans, including installment loans, automobile loans, home equity loans, and other loans; and mortgage loans secured by first and second liens on one-to-four family residences. It also operates as a real estate investment trust; and offers financial services products and financial planning advisory services. As of April 9, 2014, the company operated six offices in Chemung County, New York; three offices and a loan center in Tompkins County, New York; two offices in Steuben County, New York; one office in Cayuga County, New York; one office in Schuyler County, New York; a loan center in Cortland County, New York; and a loan center in Broome County, New York. Elmira Savings Bank was founded in 1869 and is based in Elmira, New York.

elmira savings bank (ESBK) Top Compensated Officers

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Executives, Board Directors

elmira savings bank (ESBK) Key Developments

Elmira Savings Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge Offs for the Fourth Quarter of 2014

Elmira Savings Bank announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $4,018,000, net interest income after provision for loan losses of $3,878,000, income before income taxes of $1,511,000, net income attributable to company of $1,031,000, income available to common shareholders of $805,000 and diluted earnings per share of $0.29 compared to net interest income of $3,772,000, net interest income after provision for loan losses of $3,772,000, income before income taxes of $1,378,000, net income attributable to company of $1,119,000, income available to common shareholders of $842,000 and diluted earnings per share of $0.30 a year ago period. Annualized return on average assets was 0.76% against 0.85% a year ago. Annualized return on average equity was 7.34% against 7.75% a year ago. This decrease in net income was the net result of a decrease in noninterest income of $140,000 and an increase in the provision for losses of $140,000, offset by an increase in net interest income of $246,000 and a decrease in noninterest expense of $167,000. For the full year, the company reported net interest income of $15,412,000, net interest income after provision for loan losses of $15,005,000, income before income taxes of $5,260,000, net income attributable to company of $3,665,000, income available to common shareholders of $2,765,000 and diluted earnings per share of $0.99 compared to net interest income of $15,053,000, net interest income after provision for loan losses of $14,738,000, income before income taxes of $6,443,000, net income attributable to company of $5,054,000, income available to common shareholders of $3,839,000 and diluted earnings per share of $1.40 a year ago period. Book value per share as at December 31, 2014 was $16.91. Return on average assets was 0.70% against 0.97% a year ago. Return on average equity was 6.60% against 8.51% a year ago. This decrease in net income was the net result of a decrease in noninterest income of $799,000, an increase in noninterest expense of $641,000, and an increase in income tax expense of $216,000, offset by an increase in net interest income of $359,000. The company reported net charge offs of $94,000 for the fourth quarter of 2014.

Elmira Savings Bank Declares Quarterly Cash Dividend, Payable on December 19, 2014

The board of directors of Elmira Savings Bank has declared a $0.23 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on December 19, 2014 to shareholders of record December 1, 2014. The Bank also declared a dividend on their preferred shares outstanding.

Elmira Savings Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Elmira Savings Bank reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the bank reported net income totaled $475,000 for the three months ended September 30, 2014, a decrease of $894,000 or 65% from the $1,369,000 recorded for the same period in 2013. This decrease was the net result of a decrease in noninterest income of $319,000, an increase in the provision for loan losses of $88,000, and an increase in noninterest expense of $762,000, offset by an increase in net interest income of $32,000 and a decrease in income tax expense of $243,000. Diluted earnings per share was $0.09 against $0.40 a year ago. Return on average assets (annualized) was 0.36% against 1.05% a year ago. Return on average equity (annualized) was 3.36% against 9.55% a year ago. For the nine months, the bank reported net income totaled $2,634,000 for the nine months ended September 30, 2014, a decrease of $1,301,000 or 33% from the $3,935,000 of net income recorded for the same period in 2013. This decrease was the net result of a decrease in noninterest income of $660,000 and an increase in noninterest expense of $808,000, offset by an increase in net interest income of $113,000. Diluted earnings per share was $0.70 against $1.09 a year ago. Return on average assets (annualized) was 0.68% against 1.01% a year ago. Return on average equity (annualized) was 6.35% against 8.75% a year ago.

 

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ESBK Competitors

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Industry Analysis

ESBK

Industry Average

Valuation ESBK Industry Range
Price/Earnings 21.8x
Price/Sales 2.9x
Price/Book 1.3x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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