New Castle News

Closer Look

February 4, 2013

ESB Financial posts record 2012 earnings

NEW CASTLE — ESB Financial Corp., the parent company of ESB Bank, has announced record earnings for the fourth consecutive year.

According to an announcement by the company, earnings of $1.03 per diluted share were recorded on net income of $14.9 million for the year ended Dec. 31.

This represented a 1 percent increase in net income per diluted share as compared to earnings of $1.02 per diluted share on net income of $14.9 million for the year ended Dec. 31, 2011.

For the three months ended Dec. 31, the company announced earnings of 24 cents per diluted share on net income of $3.5 million, which represents a 14.3 percent increase in net income per diluted share as compared to earnings of 21 cents per diluted share on net income of $3 million for the quarter ended Dec. 31, 2011.

Commenting on the quarter and yearend results, Charlotte A. Zuschlag, president and chief executive officer of ESB, said, “These results make 2012 the fourth consecutive year that the company has reported record earnings.”

Zuschlag noted 2012 “continued to present challenges to ESB Bank and the entire banking industry. As interest rates remained low, banks experienced more pressure to their net interest margins.”

The company also announced its annual meeting of stockholders will begin at 4 p.m. April 17 at the Connoquenessing Country Club in Ellwood City.

Text Only | Photo Reprints
Closer Look
  • Local pastor helping fire victims

    A local pastor is opening up donation avenues to help two families who lost their homes to fire this week.

    April 18, 2014

  • First Energy to replace transmission line

    FirstEnergy Corp. has plans to rebuild a power transmission line between the West Pittsburg plant and a Mahoningtown substation.

    April 18, 2014

  • school.jpg Union to return assistant principal post

    The Union Area School District will have a new administrator when the 2014-15 school year starts. The board voted 8-0 Wednesday night to hire an assistant principal. Debra Allebach was absent.

    April 18, 2014 1 Photo

  • Calen.tiff Callen gets state honors

    Robert Callen has been selected to receive a state award for his contribution to local government in Pennsylvania. Callen, 58, executive director of the Lawrence County Regional Council of Governments, received the Governor’s Award for Local Government Excellence.

    April 18, 2014 1 Photo

  • Bobosky.jpg Gas holdouts unconvinced of safety

    When Suzanne Matteo and her husband, Martin, bought their house on four acres in Pulaski Township they had a plan. They would grow a huge vegetable garden, raise lots of flowers and a few chickens and enjoy the fresh air and quiet.

    April 17, 2014 1 Photo

  • Miller.jpg Wilmington superintendent discusses common core

    The Wilmington district has no reason to fear new Pennsylvania Core standards, superintendent Dr. Michelle Miller said. She talked about the standards to approximately two dozen residents at the school board’s monthly pre-meeting Monday.

    April 16, 2014 1 Photo

  • Shreck.tiff Schreck reappointed Shenango superintendent

    Dr. Michael Schreck has been reappointed as Shenango’s superintendent for a five-year term. The school board approved his reappointment by an 8-0 vote Monday. Nicholas Manolis was absent.

    April 16, 2014 1 Photo

  • vote.jpg Congressional candidate disqualified

    Commonwealth Court has removed a Democratic candidate for the 3rd Congressional District seat from the May 20 primary ballot. Judge Bernard L. McGinley has invalidated the nomination petitions of Mel A. Marin of Sharon.

    April 16, 2014 1 Photo

  • money.jpg Up through the ground comes education cash

    Democrats running for governor seem to be competing to convince voters they will dip deepest into the pockets of gas drillers to replace $1 billion that Gov. Tom Corbett has cut from education spending.

    April 15, 2014 1 Photo

  • money.jpg Shenango passes tax abatement

    Shenango Township supervisors unanimously approved a tax abatement for Blackwatch Properties LLC when they met Thursday.

    April 14, 2014 1 Photo

House Ads
Seasonal Content
Section Teases
Must Read
Continuous Super Bowl Coverage