Overview

* ES Bancshares ( ESBS ) Q3 net income falls to $637K, down from $1.03 mln in Q2

* Net interest income rises to $4.2 mln in Q3, up $217K from Q2

* Company reports improved net interest margin of 2.79% for Q3

Outlook

* Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

* NET INTEREST INCOME - Increase in net interest income driven by lower cost of funds and higher yield on assets

* DEPOSIT STRATEGY - Focus on attracting non-interest-bearing deposits and reducing borrowings to enhance core earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.10

Q3 Net $637,000

Income

Q3 Net $4.23

Interest mln

Income

Q3 Net 2.79%

Interest

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)