ESSA Overview

Merger Approval: CNB Financial Corporation and ESSA Bancorp Inc. have received regulatory approvals to proceed with their merger, which will combine ESSA Bank & Trust into CNB Bank, expected to close on July 23, 2025.

Leadership Statements: Both companies' CEOs expressed enthusiasm about the merger, highlighting the benefits for customers and communities through enhanced services and shared values.

Earnings Report: ESSA BAN ($ESSA) reported quarterly earnings of $0.40 per share, missing estimates by $0.13, and revenue of $16.23 million, falling short of expectations by $3.42 million.

Investor Activity: In the latest quarter, 29 institutional investors increased their holdings in ESSA BAN, while 19 reduced their positions.

Investigation of Proposed Sale: Former Louisiana Attorney General Charles C. Foti, Jr. and Kahn Swick & Foti, LLC are investigating the proposed sale of ESSA Bancorp to CNB Financial Corporation, focusing on whether the offered share exchange adequately values ESSA.

Legal Rights and Contact Information: Shareholders who believe the transaction undervalues ESSA can contact KSF for more information about their legal rights regarding the proposed sale.

Investigation of Companies: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Paragon 28, Playa Hotels & Resorts, Altus Power, and ESSA Bancorp, with the aim of seeking increased consideration for shareholders.

Legal Support for Shareholders: The firm offers free consultations to affected shareholders regarding their rights and options, operating on a contingent fee basis where clients do not pay out-of-pocket legal fees.

Law Firm Overview: Monteverde & Associates PC, recognized as a Top 50 firm in securities class action services, is investigating several proposed mergers involving companies like Altus Power, Paragon 28, ESSA Bancorp, and Intevac, offering free consultations for shareholders concerned about these transactions.

Contact Information: Shareholders can reach out to Juan Monteverde at the firm's New York office for more information or assistance regarding their rights and potential claims related to the mergers.

Investigation of Companies: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the sales of Intevac, Paragon 28, Altus Power, and ESSA Bancorp, with offers ranging from $4.00 to $13.00 per share.

Shareholder Rights: The firm encourages shareholders from these companies to contact them for free consultations regarding their legal rights and options, emphasizing that they operate on a contingent fee basis.