ESSA Historical Income Statement

ESSA Stock

USD 16.67 0.02 0.12%

Historical analysis of ESSA Bancorp income statement accounts such as Gross Profit of 43.6 M or Operating Income of 25.5 M can show how well ESSA Bancorp performed in making a profits. Evaluating ESSA Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ESSA Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining ESSA Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ESSA Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.

About ESSA Income Statement Analysis

ESSA Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ESSA Bancorp shareholders. The income statement also shows ESSA investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ESSA Bancorp Income Statement Chart

ESSA Bancorp Income Statement is one of the three primary financial statements used for reporting ESSA's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ESSA Bancorp revenue and expense. ESSA Bancorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At present, ESSA Bancorp's Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 27.9 M, whereas Interest Expense is forecasted to decline to about 12.4 M.

Total Revenue Gross Profit Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts ESSA Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ESSA Bancorp minus its cost of goods sold. It is profit before ESSA Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from ESSA Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ESSA Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from ESSA Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ESSA Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.At present, ESSA Bancorp's Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 27.9 M, whereas Interest Expense is forecasted to decline to about 12.4 M.

	2021	2022	2023	2024 (projected)
Total Revenue	68.2M	69.3M	79.7M	43.6M
Interest Expense	3.0M	23.9M	21.6M	12.4M

Total Revenue Interest Expense

ESSA Bancorp income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Cost Of Revenue	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.17	0.17	-0.11	-0.24	-0.22	-0.24	-0.51	0.05	0.36	0.05	0.07	-0.3	0.22	0.26	-0.17	0.01	-0.16	0.15	0.28	0.66	-0.04	0.32
Total Revenue	0.17		1.0	-0.42	0.35	0.34	0.33	-0.56	0.63	0.49	0.63	0.6	-0.62	0.98	0.32	0.11	0.71	-0.73	0.43	0.66	0.61	-0.51	0.31
Gross Profit	0.17	1.0		-0.42	0.35	0.34	0.33	-0.56	0.63	0.49	0.63	0.6	-0.62	0.98	0.32	0.11	0.71	-0.73	0.43	0.66	0.61	-0.51	0.31
Other Operating Expenses	-0.11	-0.42	-0.42		-0.08	-0.05	-0.04	0.58	-0.61	-0.72	-0.64	-0.22	0.52	-0.43	-0.15	0.29	-0.53	0.29	-0.26	-0.6	-0.51	0.55	-0.46
Operating Income	-0.24	0.35	0.35	-0.08		1.0	1.0	0.12	0.42	-0.11	0.33	0.66	-0.03	0.32	-0.14	0.48	0.32	-0.24	0.62	0.42	0.26	-0.35	0.35
Ebit	-0.22	0.34	0.34	-0.05	1.0		1.0	0.11	0.4	-0.12	0.3	0.67	-0.03	0.31	-0.12	0.48	0.29	-0.25	0.64	0.41	0.25	-0.34	0.33
Ebitda	-0.24	0.33	0.33	-0.04	1.0	1.0		0.13	0.37	-0.15	0.28	0.64	0.01	0.3	-0.16	0.49	0.27	-0.22	0.6	0.37	0.22	-0.3	0.31
Total Operating Expenses	-0.51	-0.56	-0.56	0.58	0.12	0.11	0.13		-0.65	-0.88	-0.65	-0.43	0.78	-0.6	-0.48	0.26	-0.5	0.59	-0.41	-0.57	-0.68	0.57	-0.4
Income Before Tax	0.05	0.63	0.63	-0.61	0.42	0.4	0.37	-0.65		0.82	0.99	0.68	-0.69	0.62	0.25	0.01	0.85	-0.61	0.58	0.84	0.7	-0.85	0.58
Total Other Income Expense Net	0.36	0.49	0.49	-0.72	-0.11	-0.12	-0.15	-0.88	0.82		0.85	0.35	-0.77	0.53	0.36	-0.27	0.67	-0.52	0.32	0.71	0.73	-0.73	0.56
Net Income	0.05	0.63	0.63	-0.64	0.33	0.3	0.28	-0.65	0.99	0.85		0.6	-0.71	0.63	0.25	-0.03	0.86	-0.6	0.49	0.83	0.69	-0.85	0.57
Income Tax Expense	0.07	0.6	0.6	-0.22	0.66	0.67	0.64	-0.43	0.68	0.35	0.6		-0.37	0.53	0.24	0.14	0.67	-0.52	0.85	0.66	0.58	-0.54	0.31
Depreciation And Amortization	-0.3	-0.62	-0.62	0.52	-0.03	-0.03	0.01	0.78	-0.69	-0.77	-0.71	-0.37		-0.69	-0.66	0.15	-0.44	0.7	-0.51	-0.72	-0.66	0.73	-0.42
Selling General Administrative	0.22	0.98	0.98	-0.43	0.32	0.31	0.3	-0.6	0.62	0.53	0.63	0.53	-0.69		0.39	0.19	0.63	-0.79	0.4	0.7	0.65	-0.56	0.38
Cost Of Revenue	0.26	0.32	0.32	-0.15	-0.14	-0.12	-0.16	-0.48	0.25	0.36	0.25	0.24	-0.66	0.39		-0.12	0.1	-0.53	0.34	0.38	0.36	-0.35	0.04
Selling And Marketing Expenses	-0.17	0.11	0.11	0.29	0.48	0.48	0.49	0.26	0.01	-0.27	-0.03	0.14	0.15	0.19	-0.12		-0.15	-0.48	-0.12	-0.03	-0.03	0.06	0.03
Net Income From Continuing Ops	0.01	0.71	0.71	-0.53	0.32	0.29	0.27	-0.5	0.85	0.67	0.86	0.67	-0.44	0.63	0.1	-0.15		-0.41	0.45	0.74	0.61	-0.68	0.4
Non Recurring	-0.16	-0.73	-0.73	0.29	-0.24	-0.25	-0.22	0.59	-0.61	-0.52	-0.6	-0.52	0.7	-0.79	-0.53	-0.48	-0.41		-0.31	-0.55	-0.53	0.47	-0.25
Tax Provision	0.15	0.43	0.43	-0.26	0.62	0.64	0.6	-0.41	0.58	0.32	0.49	0.85	-0.51	0.4	0.34	-0.12	0.45	-0.31		0.7	0.59	-0.61	0.42
Net Interest Income	0.28	0.66	0.66	-0.6	0.42	0.41	0.37	-0.57	0.84	0.71	0.83	0.66	-0.72	0.7	0.38	-0.03	0.74	-0.55	0.7		0.9	-0.87	0.71
Interest Income	0.66	0.61	0.61	-0.51	0.26	0.25	0.22	-0.68	0.7	0.73	0.69	0.58	-0.66	0.65	0.36	-0.03	0.61	-0.53	0.59	0.9		-0.68	0.74
Reconciled Depreciation	-0.04	-0.51	-0.51	0.55	-0.35	-0.34	-0.3	0.57	-0.85	-0.73	-0.85	-0.54	0.73	-0.56	-0.35	0.06	-0.68	0.47	-0.61	-0.87	-0.68		-0.54
Extraordinary Items	0.32	0.31	0.31	-0.46	0.35	0.33	0.31	-0.4	0.58	0.56	0.57	0.31	-0.42	0.38	0.04	0.03	0.4	-0.25	0.42	0.71	0.74	-0.54

Click cells to compare fundamentals

ESSA Bancorp Account Relationship Matchups

ESSA Bancorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	15.9M	5.8M	3.0M	23.9M	21.6M	12.4M
Total Revenue	61.5M	64.4M	68.2M	69.3M	79.7M	43.6M
Gross Profit	61.5M	64.4M	68.2M	69.3M	79.7M	43.6M
Other Operating Expenses	(43.9M)	(44.5M)	4.3M	(46.2M)	(41.6M)	(39.5M)
Operating Income	17.6M	19.9M	28.0M	23.1M	26.5M	25.5M
Ebit	17.6M	19.9M	28.0M	23.1M	26.5M	25.5M
Ebitda	17.9M	20.2M	28.3M	23.3M	26.7M	26.2M
Total Operating Expenses	(43.9M)	(44.5M)	4.3M	(46.2M)	(41.6M)	(39.5M)
Income Before Tax	17.6M	19.9M	25.0M	23.1M	26.5M	27.9M
Total Other Income Expense Net	17.6M	19.9M	(3.0M)	23.1M	26.5M	27.9M
Net Income	14.4M	16.4M	20.1M	18.6M	21.4M	22.4M
Income Tax Expense	3.2M	3.5M	4.9M	4.5M	5.2M	2.8M
Depreciation And Amortization	276K	271K	239K	190K	171K	162.5K
Selling General Administrative	24.7M	27.0M	26.8M	27.7M	31.9M	22.0M
Net Income Applicable To Common Shares	12.6M	14.4M	16.4M	20.1M	23.1M	24.2M
Selling And Marketing Expenses	481K	636K	767K	648K	745.2K	790.0K
Net Income From Continuing Ops	14.4M	16.4M	20.1M	18.6M	21.4M	12.5M
Tax Provision	3.2M	3.5M	4.9M	4.5M	5.2M	3.8M
Net Interest Income	48.2M	52.9M	59.8M	61.6M	70.8M	55.5M
Interest Income	64.1M	58.7M	62.8M	85.5M	98.3M	70.2M
Reconciled Depreciation	2.2M	271K	239K	190K	171K	162.5K

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ESSA Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ESSA Bancorp's short interest history, or implied volatility extrapolated from ESSA Bancorp options trading.

Pair Trading with ESSA Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ESSA Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESSA Stock

0.79	AX	Axos Financial Financial Report 25th of April 2024	Pair Corr
0.87	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.71	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr

Moving against ESSA Stock

0.67	TECTP	Tectonic Financial	Pair Corr
0.63	CFG-PD	Citizens Financial	Pair Corr
0.56	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.54	WF	Woori Financial Group Financial Report 21st of May 2024	Pair Corr
0.53	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ESSA Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ESSA Bancorp to buy it.

The correlation of ESSA Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ESSA Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether ESSA Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESSA Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Essa Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Essa Bancorp Stock:

How To Invest In ESSA

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Is ESSA Stock a good investment?

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What is ESSA Bancorp's Net Worth?

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Largest Thrifts & Mortgage Finance Companies

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Largest Banks - Regional Companies

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For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for ESSA Stock analysis

When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.

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Is ESSA Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESSA Bancorp. If investors know ESSA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESSA Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.10)

Dividend Share

0.6

Earnings Share

1.86

Revenue Per Share

7.061

Quarterly Revenue Growth

(0.01)

The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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ESSA Historical Income Statement

About ESSA Income Statement Analysis

ESSA Bancorp Income Statement Chart

Total Revenue

Gross Profit

Operating Income

ESSA Bancorp income statement Correlations

ESSA Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ESSA Bancorp income statement Accounts

Pair Trading with ESSA Bancorp

Moving together with ESSA Stock

Moving against ESSA Stock

Complementary Tools for ESSA Stock analysis

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Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Net Income	+ 0.99	Income Before Tax
Selling General Administrative	+ 0.98	Total Revenue

Total Other Income Expense Net	- 0.88	Total Operating Expenses
Reconciled Depreciation	- 0.87	Net Interest Income
Reconciled Depreciation	- 0.85	Net Income
Reconciled Depreciation	- 0.85	Income Before Tax
Non Recurring	- 0.79	Selling General Administrative
Depreciation And Amortization	- 0.77	Total Other Income Expense Net