ESSA Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,225.44 Mil.
During the past 12 months, ESSA Bancorp's average Total Assets Growth Rate was 11.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 7.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 4.90% per year.
During the past 13 years, ESSA Bancorp's highest 3-Year average Total Assets Growth Rate was 16.10%. The lowest was -1.00%. And the median was 5.00%.
Total Assets is connected with ROA %. ESSA Bancorp's annualizedROA % for the quarter that ended in Dec. 2023 was 0.77%. Total Assets is also linked to Revenue through Asset Turnover. ESSA Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.
ESSA Bancorp Total Assets Historical Data
The historical data trend for ESSA Bancorp's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
ESSA Bancorp's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
ESSA Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
ESSA Bancorp Total Assets Related Terms
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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.
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