ES Bancshares Q1 net income and margin rise from prior quarter

ES Bancshares

22/04/2026 21:41

Overview

US community bank's Q1 net income and EPS rose from prior qtr

Net interest margin increased to 3.06% from 2.77% in prior qtr

Results driven by higher net interest income over previous quarter and income tax reversal

Outlook

Company says economic uncertainty heightened due to conflict with Iran, pausing further Fed rate cuts

Result Drivers

NET INTEREST MARGIN - Margin increased from prior quarter due to lower deposit interest expense and higher loan interest income and investment interest income

INCOME TAX REVERSAL - Q1 benefited from reversal of income tax expense due to prior over-accrual

DEPOSIT GROWTH - Total deposits grew by $24 mln, primarily driven by escrow product

Company press release: ID:nGNX1bGv0l

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.16
Q1 Net Income
$1.11 mln
Q1 Net Interest Income
$4.70 mln
Q1 Net Interest Margin
3.06%


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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.)