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Essa Bancorp, Inc. (ESSA) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, September 30, 2009

Essa Bancorp, Inc.

CIK: 1382230 Ticker: ESSA

Exhibit 99.1

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Date:    October 30, 2009
Contact:    Gary S. Olson, President & CEO
Corporate Office:    200 Palmer Street
   Stroudsburg, Pennsylvania 18360
Telephone:    (570) 421-0531

ESSA BANCORP, INC. ANNOUNCES FOURTH QUARTER AND

FULL YEAR OPERATING RESULTS

FOR 2009

Stroudsburg, Pennsylvania, October 30, 2009 — 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, 2009. The Company reported net income of $1.4 million, or $0.11 per diluted share, for the three months ended September 30, 2009, as compared to net income of $760,000, or $0.05 per diluted share, for the corresponding 2008 period. For the year ended September 30, 2009, the Company reported net income of $6.6 million, or $0.47 per diluted share, as compared to net income of $6.1 million or $0.38 per diluted share for the corresponding 2008 period.

The increase in net income of $688,000 for the three months ended September 30, 2009, as compared to the corresponding 2008 period was due primarily to increases in net interest income of $370,000 and total non-interest income of $789,000, partially offset by an increase in total non-interest expense of $519,000.

The increase in net income of $479,000 for the year ended September 30, 2009, as compared to the 2008 fiscal year was due primarily to increases in net interest income of $2.6 million and total non-interest income of $925,000, partially offset by increases in the provision for loan losses of $600,000 and total non-interest expense of $2.9 million.

“We are pleased to report solid fourth quarter and fiscal year financial results”, noted Gary S. Olson, President and Chief Executive Officer of the Company. “Despite the


The following information was filed by Essa Bancorp, Inc. (ESSA) on Wednesday, November 4, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Essa Bancorp, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

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Essa Bancorp, Inc. provided additional information to their SEC Filing as exhibits

Ticker: ESSA
CIK: 1382230
Form Type: 10-K Annual Report
Accession Number: 0001193125-09-251577
Submitted to the SEC: Fri Dec 11 2009 4:47:58 PM EST
Accepted by the SEC: Fri Dec 11 2009
Period: Wednesday, September 30, 2009
Industry: Savings Institutions Not Federally Chartered

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