ESSA Bancorp (ESSA Bancorp) Credit Losses Provision : $0.15 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is ESSA Bancorp Credit Losses Provision?

ESSA Bancorp's credit losses provision for the three months ended in Dec. 2023 was $-0.40 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.15 Mil.

ESSA Bancorp's quarterly credit losses provision increased from Jun. 2023 ($0.15 Mil) to Sep. 2023 ($0.25 Mil) but then declined from Sep. 2023 ($0.25 Mil) to Dec. 2023 ($-0.40 Mil).

ESSA Bancorp's annual credit losses provision declined from Sep. 2021 ($2.70 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.70 Mil).

ESSA Bancorp Credit Losses Provision Historical Data

The historical data trend for ESSA Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ESSA Bancorp Credit Losses Provision Chart

ESSA Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Credit Losses Provision

Get a 7-Day Free Trial

2.08

3.28

2.70

0.70

ESSA Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															0.15	0.15	0.15	0.25	-0.40

ESSA Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.15 Mil.

ESSA Bancorp (ESSA Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ESSA Bancorp Inc (NAS:ESSA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Palmer Street, Stroudsburg, PA, USA, 18360

Website

https://www.essabank.com

ESSA Bancorp Inc is a holding company, engaged in accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans (including construction mortgage loans), commercial real estate loans, home equity loans and lines of credit and commercial and industrial loans. The company offers a variety of deposit accounts, including checking, savings and certificates of deposit. The company also offers asset management and trust services and investment services. The company also offers insurance benefit consulting services through its wholly-owned subsidiary, ESSA Advisory Services, LLC.

Executives

Carolyn Stennett	director	200 PALMER STREET, STROUDSBURG PA 18360
Tina Q Richardson	director	200 PALMER STREET, STROUDSBURG PA 18360
Peter A Gray	officer: Dir. of Strategic Initiatives	200 PALMER STREET, STROUDSBURG PA 18360
Selig Robert C Jr	director	200 PALMER STREET, STROUDSBURG PA 18360
Thomas J Grayuski	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Gary S Olson	director, officer: President and CEO	200 PALMER STREET, STROUDSBURG PA 18360
Charles Hangen	officer: SVP and CLO	200 PALMER STREET, STROUDSBURG PA 18360
Christine Davis Gordon	director	200 PALMER STREET, STROUDSBURG PA 18360
Elizabeth B Weekes	director	200 PALMER STREET, STROUDSBURG PA 18360
Robert L Selitto	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Daniel J Henning	director	200 PALMER STREET, STROUDSBURG PA 18360
Diane K Reimer	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Allan A Muto	officer: Executive Vice President & CFO	200 PALMER STREET, STROUDSBURG PA 18360
Joseph S Durkin	director	200 PALMER STREET, STROUDSBURG PA 18360
William A Viechnicki	director	200 PALMER STREET, STROUDSBURG PA 18360