Exhibit 99.1
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Date: Contact: Corporate Office: Telephone: | | November 20, 2018 Gary S. Olson, President & CEO 200 Palmer Street Stroudsburg, Pennsylvania 18360 (570)421-0531 | | | | | | | | | | |
ESSA BANCORP, INC. DECLARES INCREASE IN QUARTERLY DIVIDEND
Stroudsburg, Pennsylvania, November 20, 2018—ESSA Bancorp, Inc. (NASDAQ Global MarketSM:ESSA), the holding company for ESSA Bank & Trust, a $1.8 billion asset institution providing full service retail and commercial banking, financial and investment services, today announced that its Board of Directors declared a dividend of ten cents ($0.10) per share. The dividend represents an increase of $0.01 per share, or 11% over the dividend paid in the previous quarter and is payable to shareholders of record as of December 16, 2018, payable on December 28, 2018.
This will be the forty-third consecutive quarter ESSA Bancorp, Inc. has paid a dividend to its shareholders. ESSA became a public company in April 2007.
About the Company
ESSA Bank & Trust, a wholly owned subsidiary of ESSA Bancorp, Inc., has total assets of $1.8 billion and is the leading service-oriented financial institution headquartered in Stroudsburg, Pennsylvania. Headquartered in Stroudsburg, Pennsylvania, the Company has total assets of $1.8 billion and has 22 community offices and two regional offices throughout the Lehigh Valley, suburban Philadelphia and Northeastern Pennsylvania regions. In addition to being one of the region’s largest mortgage lenders, ESSA Bank & Trust offers a full range of retail, commercial financial services, and financial advisory and asset management capabilities. ESSA Bancorp, Inc. stock trades on the NASDAQ Global MarketSM under the symbol “ESSA.”ESSA Bancorp, Inc. became a public company in April, 2007.
Forward-Looking Statements
Certain statements contained herein are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including compliance costs and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity.
Corporate Center: 200 Palmer Street PO Box L Stroudsburg, PA 18360-0160 570-421-0531 Fax: 570-421-7158
