Revenue during the quarter dropped 11.63 percent to $12.34 million from $13.96 million in the previous year period. Net interest income for the quarter dropped 7.98 percent over the prior year period to $11.30 million. Non-interest income for the quarter fell 21.65 percent over the last year period to $1.78 million.

ESSA Bancorp, Inc. has made provision of $0.75 million for loan losses during the quarter, up 25 percent from $0.60 million in the same period last year.

Net interest margin contracted 20 basis points to 2.80 percent in the quarter from 3 percent in the last year period.

Gary S. Olson, president and chief executive officer, commented: "We continued to make headway in building our commercial lending business, growing the ESSA team and expanding our commercial banking capabilities while doing a good job of managing operating expenses, maintaining solid asset quality, and building shareholder value. Commercial real estate and construction lending grew, and we had relatively stable year-over-year activity in municipal and indirect auto lending which were positives for us. We believe this reflected, in part, a 'wait and see' attitude about external economic factors such as tax reform, interest rates, and the overall outlook for the economy. We continue to build the small business lending teams in all of our markets to more effectively compete for a larger share of the business that is available."

Investments stood at $395.32 million as on Mar. 31, 2017. Shareholders equity was at $178.77 million as on Mar. 31, 2017.