ES Bancshares Q2 net income falls on higher taxes

ES Bancshares

22/07/2026 21:39

    

    Overview
  
U.S. community bank's Q2 net income and EPS declined from prior quarter
Net income fell due to higher income taxes, partly offset by lower non-interest expense
Company repurchased 40,000 shares

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year

    

    Result Drivers
  
HIGHER TAXES - Co said net income declined from Q1 due to higher income taxes
LOWER INTEREST EXPENSE - Net interest margin rose to 3.10% from 3.06% due to a decrease in interest expense on deposits
LOWER SERVICE FEES - Non-interest income fell due to lower service charges and fees on loans

    
Company press release: ID:nGNX6ytj7y

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.13
 
Q2 Net Income
 
$882,000
 
Q2 Net Interest Income
 
$4.67 mln
 
Q2 Net Interest Margin
 
3.10%
 

    

    Reuters Recommended Reads
  
July 22 - United Bancshares Q2 net income drops on one-time securities loss
July 22 - Enterprise Financial Q2 profit falls on lower noninterest income
July 21 - TrustCo Bank Q2 net interest income rises driven by loan repricing 

    
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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.)