ESSA Bancorp Inc

NASDAQ ESSA

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ESSA Bancorp Inc Liabilities to Equity Ratio 2 year CAGR for the year ending September 30, 2023: -54.53%

ESSA Bancorp Inc Liabilities to Equity Ratio 2 year CAGR is -54.53% for the year ending September 30, 2023, a -734.00% change year over year. The liabilities to equity ratio, also known as the leverage ratio, measures the proportion of a company's total liabilities to its shareholders' equity. It is calculated by dividing the total liabilities by the shareholders' equity. This ratio provides insights into the extent to which a company relies on debt financing compared to equity financing. A higher ratio indicates higher financial leverage, which can amplify both returns and risks for the company's shareholders. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

ESSA Bancorp Inc Liabilities to Equity Ratio for the year ending September 30, 2022 was 7.77, a -5.81% change year over year.
ESSA Bancorp Inc Liabilities to Equity Ratio for the year ending September 30, 2021 was 8.25, a -7.26% change year over year.
ESSA Bancorp Inc Liabilities to Equity Ratio for the year ending September 30, 2020 was 8.89, a 4.68% change year over year.
ESSA Bancorp Inc Liabilities to Equity Ratio for the year ending September 30, 2019 was 8.50, a -8.00% change year over year.

NASDAQ: ESSA

ESSA Bancorp Inc

CEO	Mr. Gary S. Olson
IPO Date	April 4, 2007
Location	United States
Headquarters	200 Palmer Street, Stroudsburg, PA, United States, 18360
Employees	232
Sector	Financial Services
Industry	Banks - regional

Description

ESSA Bancorp, Inc. operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts. It also provides first mortgage loans for the purchase, construction, or refinancing of one- to four-family residential real estate property; commercial real estate loans; home equity loans and lines of credit; auto loans; and commercial and other consumer loans, as well as loans secured by deposits and personal unsecured loans. In addition, the company offers insurance benefits consulting services, such as health insurance, life insurance, short term and long term disability, dental, vision, 401(K) retirement planning, and individual health products, as well as asset management and trust, and investment services. It operates community offices in Monroe County, Lehigh County, Northampton County, Lackawanna County, Luzerne County, Chester County, Delaware County, and Montgomery County. ESSA Bancorp, Inc. was founded in 1916 and is headquartered in Stroudsburg, Pennsylvania.

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