ESSA Bancorp, Inc. Announces Fourth Quarter and Full Year Operating Results for 2011

STROUDSBURG, Pa.--(BUSINESS WIRE)--ESSA Bancorp, Inc. (the “Company”) (NASDAQ Global MarketSM “ESSA”) the holding company for ESSA Bank & Trust (the “Bank”) today announced its operating results for the three months and year ended September 30, 2011. The Company reported net income of $1.8 million, or $0.16 per diluted share, for the three months ended September 30, 2011, compared to net income of $1.0 million, or $0.09 per diluted share, for the corresponding 2010 period. The $743,000 quarterly increase in net income was due to increases in net interest income and noninterest income along with a decrease in operating expenses. For the year ended September 30, 2011, the Company reported net income of $5.3 million, or $0.46 per diluted share, compared to net income of $4.5 million, or $0.36 per diluted share for the corresponding 2010 period. The $746,000 annual increase in net income was due primarily to increased net interest income.