Associated tags: Federal Reserve, Bank, Financial services, Cryptocurrency, Sale, Tier 1
Locations: NEWBURGH, NY, US, ST. LAURENT, QC, CA, IRELAND, CLEARLAKE, LONDON, TX, FLORIDA, UK, NEW YORK
Retrieved on:
Tuesday, January 30, 2024
As of December 31, 2023, the Allowance for Credit Losses on Loans as a percentage of gross loans was 0.89%.
Key Points:
- As of December 31, 2023, the Allowance for Credit Losses on Loans as a percentage of gross loans was 0.89%.
- The ratio of nonaccrual loans to loans receivable was 0.22% and 0.28%, as of December 31, 2023, and December 31, 2022, respectively.
- Three Months Ended December 31, 2023 vs. September 30, 2023
For the three months ended December 31, 2023, net income totaled $84 thousand compared to $133 thousand for the three months ended September 30, 2023.
- Non-interest income increased $66 thousand, to $322 thousand for the three months ended December 31, 2023, compared with non-interest income of $256 thousand for the three months ended September 30, 2023.
Retrieved on:
Wednesday, January 3, 2024
Mr. Thiel is a principal at JWTT, Inc., a broker dealer that specializes in financial services companies.
Key Points:
- Mr. Thiel is a principal at JWTT, Inc., a broker dealer that specializes in financial services companies.
- Mr. Thiel has extensive experience in bank stock investing and trading and investment banking.
- According to Mr. Finkelstein, “we are thrilled that Tom has agreed to join our board of directors.
- I have met with the directors and am impressed with their commitment to building value for all of the ES Bancshares and Empire State Bank constituencies.
Sale,
Bank,
Federal funds,
Federal Home Loan Banks,
Workforce,
Tier 1,
Net interest margin,
FHLB,
Depreciation,
Fed,
Cryptocurrency,
Rare-earth element This effort centers around enhancing our cost structure through measures such as trimming vendor expenditures, automating, and realigning our workforce.
Key Points:
- This effort centers around enhancing our cost structure through measures such as trimming vendor expenditures, automating, and realigning our workforce.
- As of September 30, 2023, total assets were $630.3 million, an increase of $42.4 million, or 7.2%, as compared to total assets of $587.9 million on December 31, 2022.
- As of September 30, 2023, the Allowance for Loan Credit Losses as a percentage of gross loans was 0.89%.
- Non-interest income totaled $758 thousand for the nine months ended September 30, 2023, compared with non-interest income of $2.1 million for the nine months ended September 30, 2022.
Goodwill,
Staten Island,
FHLB,
Tier 1,
Sale,
Federal Home Loan Banks,
Trust,
SBA,
Growth,
Bank,
Cryptocurrency,
Rare-earth element Our loan portfolio has experienced strong growth, a testament to the trust and confidence our customers place in us.
Key Points:
- Our loan portfolio has experienced strong growth, a testament to the trust and confidence our customers place in us.
- This is why I am excited about the launch of our residential program which occurred in late June.
- The increase can be attributed to loan portfolio growth funded by deposit inflows during the first six months of 2023.
- Non-interest income totaled $502 thousand for the six months ended June 30, 2023, compared with non-interest income of $2.6 million for the six months ended June 30, 2022.
Goodwill,
FHLB,
Current Expected Credit Losses,
Tier 1,
ESBS,
Sale,
Federal Home Loan Banks,
CECL,
Community Bank,
Growth,
Bank,
Environment,
Cryptocurrency,
Airline Total liabilities increased $50.7 million to $594.6 from $543.9 million, due to an increase in funding across deposits and FHLB advances.
Key Points:
- Total liabilities increased $50.7 million to $594.6 from $543.9 million, due to an increase in funding across deposits and FHLB advances.
- Deposits increased $37.2 million, or 8% to $487.0 million as of March 31, 2023, when compared to December 31, 2022.
- Net interest income for the three months ended March 31, 2023, decreased $245 thousand, to $4.2 million from $4.4 million at December 31, 2022.
- Non-interest expense totaled $3.6 million for the three months ended March 31, 2023, compared to $3.5 million for the three months ended December 31, 2022, or an increase of 2.3%.
STATEN ISLAND, N.Y., March 14, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 16,000 shares of the Company’s common stock in March 2023.
Key Points:
- STATEN ISLAND, N.Y., March 14, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 16,000 shares of the Company’s common stock in March 2023.
- The shares were purchased in open market transactions at an average per share price of $4.67.
Retrieved on:
Wednesday, February 15, 2023
STATEN ISLAND, N.Y., Feb. 15, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 26,400 shares of the Company’s common stock in December 2022.
Key Points:
- STATEN ISLAND, N.Y., Feb. 15, 2023 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 26,400 shares of the Company’s common stock in December 2022.
- The shares were purchased in open market transactions at an average per share price of $4.55.
- Phil Guarnieri, Chief Executive Officer, and Director of the Company, commented, “The continued personal investment made by Company insiders purchasing shares further enforces their belief in ESBS’s solid business fundamentals and long-term growth prospects.”
Retrieved on:
Tuesday, January 31, 2023
ESBS,
Tier 1,
Sale,
Bank,
NYS,
Environment,
PPP,
Growth,
FDIC,
Marketing,
Goodwill,
Airline Loans receivable, net of allowance totaled $506.7 million, an increase of $84.5 million or 20% from December 31, 2021.
Key Points:
- Loans receivable, net of allowance totaled $506.7 million, an increase of $84.5 million or 20% from December 31, 2021.
- Asset quality remains strong with the allowance for loan loss representing 1.14% of the total loan portfolio at December 31, 2022, compared to 1.37% at December 31, 2021.
- As of December 31, 2022, ES Bancshares return on average equity and return on tangible equity was 7.71% and 7.82% respectively.
- Non-interest expense totaled $3.49 million for the three months ended December 31, 2022, compared to $3.38 million for the three months ended September 30, 2022, or an increase of 3.3%.
Retrieved on:
Wednesday, December 7, 2022
Bloomberg L.P. v. Board of Governors of the Federal Reserve System,
Annual report,
OTCQX,
Blake Paulson,
Government,
Comptroller,
Financial services,
New York State Department of Financial Services,
Structure of the Federal Reserve System,
Public sector banks in India,
Bank,
Currency,
Unitary state,
SBA,
FDIC,
Investment,
Federal Reserve STATEN ISLAND, N.Y., Dec. 07, 2022 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 27,600 shares of the Company’s common stock between September and November 2022.
Key Points:
- STATEN ISLAND, N.Y., Dec. 07, 2022 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 27,600 shares of the Company’s common stock between September and November 2022.
- The shares were purchased in open market transactions at an average per share price of $4.58.
- In March 2009, the Bank converted its charter to a New York State commercial bank charter.
- The Company’s annual report, quarterly earnings releases and all press releases are available free of charge through its website, as soon as reasonably practicable.
Retrieved on:
Friday, November 18, 2022
Growth,
MeadWestvaco,
Partner (business rank),
IPG,
Corrugated fiberboard,
Paper,
Corrugated,
NYSE,
RockTenn,
Intertape Polymer Group,
Entrepreneurship,
Investment,
Acquisition,
WestRock,
Management,
Risk management Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) acquired IPG in June 2022 in a take-private acquisition.
Key Points:
- Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) acquired IPG in June 2022 in a take-private acquisition.
- Prior to this role, Mr. Durette led a number of other businesses at WestRock and served as Chief Strategy Officer for the company.
- I know IPG is positioned to accelerate its growth and improve upon its foundation of operational performance under Pete and Clearlake.
- Headquartered in Sarasota, Florida, IPG is a global provider of packaging and protective solutions across a diversified set of geographies and end-markets.
