ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) recently announced that its board of directors has declared a cash dividend of 23 cents a share on its existing common shares outstanding. The dividend will be paid on Dec. 14 to shareholders of record on Dec. 7. At the banking company’s current stock price, the dividend yields […]
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ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) recently announced that its board of directors has declared a cash dividend of 23 cents a share on its existing common shares outstanding.
The dividend will be paid on Dec. 14 to shareholders of record on Dec. 7. At the banking company’s current stock price, the dividend yields about 4.6 percent on an annual basis.
Elmira Savings Bank, with more than $570 million in total assets, is a state-chartered bank with six branches in Chemung County, three offices in Tompkins County, two branches in Steuben County, one office in Cayuga County, one branch in Schuyler County, and a loan center in Broome County.
The Elmira–based banking company generated net income of $3.3 million in the first nine months of 2018, down 3 percent from $3.4 million in the same period in 2017.
A decrease in noninterest (fee) income led the decline.