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ESSA Bancorp reports third-quarter results

ESSA Bancorp Inc. reported a net income of $1.8 million, or 16 cents per diluted share, for the quarter ended June 30, 2017, compared with a net income of $2.1 million, or 20 cents per diluted share, for the same quarter last year.

For the nine months ended June 30, 2017, the company reported net income of $5.3 million or 50 cents per diluted share compared with $6.2 million or 59 cents per diluted share for the nine months ended June 30, 2016."Our third quarter and year-to-date financial results were highlighted by increased lending activity and contributions from our commercial banking operation, where we have invested in people and infrastructure to drive growth," said Gary Olson, president and CEO."During the past year, we have more than doubled the size of our commercial banking team, established new regional offices in the Lehigh Valley and Philadelphia markets."ESSA Bancorp is the holding company for ESSA Bank & Trust, a $1.8 billion asset institution, that provides full-service retail and commercial banking, financial, and investment services at 26 locations in eastern Pennsylvania, including the Poconos, Lehigh Valley, Scranton/Wilkes-Barre and suburban Philadelphia markets.