ES Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 02, 2021 at 04:15 pm EST
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ES Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 3.882 million compared to USD 2.833 million a year ago. Net income was USD 312,000 compared to USD 387,000 a year ago. Basic earnings per share from continuing operations was USD 0.05. Diluted earnings per share from continuing operations was USD 0.04. For the full year, net interest income was USD 14.358 million compared to USD 11.402 million a year ago. Net income was USD 1.205 million compared to USD 1.595 million 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. 
