8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)			April 19, 2011
ESB Financial Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania		0-19345			25-1659846
(State or other jurisdiction		(Commission File Number)			(IRS Employer
of incorporation)					Identification No.)
600 Lawrence Avenue, Ellwood City, Pennsylvania				16117
(Address of principal executive offices)				(Zip Code)
Registrant’s telephone number, including area code			(724) 758-5584
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02                      Results of Operations and Financial Condition

On April 19, 2011, ESB Financial Corporation issued a press release announcing its results of operations for the quarter ended March 31, 2011.  A copy of the press release is included as Exhibit 99.1 and is incorporated herein by reference.

Item 8.01                      Other Events

On April 19, 2011, ESB Financial Corporation issued a press release announcing that its Board of Directors has declared a six-for-five stock split of the common stock, which is payable on May 16, 2011 to stockholders of record at the close of business on May 5, 2011. A copy of the press release is included as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01                      Financial Statements and Exhibits

(a)	Not applicable.
(b)	Not applicable.
(c)	The following exhibits are included with this Report:

Exhibit No.	Description
99.1	Press Release, dated April 19, 2011, regarding earning for the quarter ended March 31, 2011*

99.2  Press Release, dated April 19, 2011, regarding a six-for-five stock split

*The press release filed as Exhibit 99.1, shall not be deemed to be filed” for purposes of Section 18 of the Securities Exchange Act of 1934 nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ESB FINANCIAL CORPORATION
	By:	/s/ Charlotte A. Zuschlag
		Name:	Charlotte A. Zuschlag
		Title:	President and Chief Executive Officer
Date:  April 20, 2011

EX-99.1

Exhibit 99.1

P R E S S   R E L E A S E

RELEASE DATE:                                                                    CONTACT:

April 19, 2011                                                                                      CHARLES P. EVANOSKI

 GROUP SENIOR VICE PRESIDENT

 CHIEF FINANCIAL OFFICER

 (724) 758-5584

FOR IMMEDIATE RELEASE

ESB FINANCIAL CORPORATION ANNOUNCES

AN INCREASE TO FIRST QUARTER EARNINGS

Ellwood City, Pennsylvania, April 19, 2011 – ESB Financial Corporation(Nasdaq: ESBF), the parent company of ESB Bank, today announced earnings of $0.25 per diluted share on net income of $3.7 million for the quarter ended March 31, 2011, which represents an 8.7% increase in net income per diluted share as compared to earnings of $0.23 per diluted share on net income of $3.4 million for the quarter ended March 31, 2010. The Company’s annualized return on average assets and average equity were 0.77% and 8.69%, respectively, for the quarter ended March 31, 2011, as compared to 0.69% and 7.99%, respectively at March 31, 2010.

Charlotte A. Zuschlag, President and Chief Executive Officer of the Company, stated,“The Board of Directors, senior management and I are pleased with the improvement in earnings for the quarter ended March 31, 2011. We have continued to manage and grow our interest rate margin through internal deposit growth and more recently through increased investment yields as rates have begun to rise. We were pleased to see the results of these efforts reflected in 2010 and now are excited to have this trend continue into 2011.  Our deposits grew $42.1 million since December 2010. Our net income improved 8.3% over the quarter ended March 31, 2010 and our net interest margin improved slightly since December 31, 2010. Ms. Zuschlag concluded by stating, “Management will continue to strive to pursue growth opportunities that will provide a sound investment return to our shareholders such as our expansion plans with the construction of our 25th office in Cranberry Township, Butler County, which is scheduled to open in the fourth quarter of 2011”. She added “Our philosophy has been, and continues to be, to manage the net interest margin without compromising asset quality or future earnings potential while continuing to offer quality products to our customers”.

Net income for the first quarter of 2011, as compared to the first quarter of 2010, increased by $280,000, or 8.3%, due to an increase in net interest income after provision for loan losses and non-interest income of $75,000 and $1.3 million, respectively, partially offset by increases in non-interest expense, provision for income taxes and net income attributable to the noncontrolling interest of $507,000, $76,000 and $527,000, respectively.

The $1.3 million increase in noninterest income for the quarter ended March 31, 2011 was primarily due to write downs of land acquisition and development costs and impairment charges on securities that occurred in the quarter ended March 31, 2010 but did not exist in 2011. Additionally, there was a decrease in the net realized loss on derivatives to $194,000, which reflects a decrease in the market value of $125,000 for the quarter ended March 31, 2011, as compared to $319,000 for the same quarter in 2010.  The increase to noninterest expense was primarily related to increases in compensation and employee benefits and other expenses of $397,000 and $116,000 for the quarter ended March 31, 2011.

The Company’s total assets increased by $10.9 million, or 0.6%, during the quarter to $1.92 billion at March 31, 2011 from $1.91 billion at December 31, 2010. This increase resulted primarily from increases to  securities available for sale, premises and equipment, bank owned life insurance and prepaid expenses and other assets of $36.9 million, or 3.4%, $327,000, or 2.4%, $171,000, or 0.6% and $521,000, or 4.4%, partially offset by decreases in cash and cash equivalents, loans receivable, loans held for sale, accrued interest receivable, FHLB stock, real estate acquired through foreclosure, real estate held for investment and intangible assets of $21.1 million, or 59.1%, $2.8 million, or 0.4%, $80,000, or 100.0%, $666,000 or 6.9%, $1.3 million, or 5.0%, $184,000, or 17.0%, $768,000, or 3.5%, $93,000, or 10.4%.  Total non-performing assets increased to $17.2 million at March 31, 2011 compared to $14.4 million at December 31, 2010 and non-performing assets to total assets were 0.89% at March 31, 2011 compared to 0.75% at December 31, 2010.  The Company’s total liabilities increased $9.1 million, or 0.5%, to $1.76 billion at March 31, 2011. Total stockholders’ equity increased $1.8 million, or 1.1%, to $169.1 million at March 31, 2011, from $167.4 million at December 31, 2010.  The increase to stockholders’ equity was primarily the result of increases in retained earnings of $3.3 million and a decrease in treasury stock of $3.9 million, partially offset by an increase in unearned employee stock ownership plan shares of $5.0 million and a decrease in accumulated other comprehensive income of $171,000. Average stockholders’ equity to average assets was 8.82%, and book value per share was $11.42 at March 31, 2011 compared to 8.87% and $11.63, respectively, at December 31, 2010.

The basic net income, diluted net income and book value per share have been adjusted to reflect the six-for-five stock split declared April 19, 2011 for stockholders of record May 5, 2011. The stock split will be paid May 16, 2011.

ESB Financial Corporation is the parent holding company of ESB Bank and offers a wide variety of financial products and services through 24 offices in the contiguous counties of Allegheny, Lawrence, Beaver and Butler in Pennsylvania.  The common stock of the Company is traded on The NASDAQ Stock Market under the symbol “ESBF”. We make available on our web site, which is located at http://www.esbbank.com, our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, on the date which we electronically file these reports with the Securities and Exchange Commission.  Investors are encouraged to access these reports and the other information about our business and operations on our web site.

This news release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company.  Forward-looking statements are subject to various factors which could cause actual results to differ materially from these estimates.  These factors include, but are not limited to, changes in general economic conditions, interest rates, deposit flows, loan demand, competition, legislation or regulation and accounting principles, policies or guidelines, as well as other economic, competitive, governmental, regulatory and accounting and technological factors affecting the Company’s operations.

EX-99.2

Exhibit 99.2

ESB FINANCIAL CORPORATION

600 Lawrence Avenue

Ellwood City, Pennsylvania 16117

724.758.5584

PRESS RELEASE

FOR IMMEDIATE RELEASE                                                                                                                                          CONTACT:

April 19, 2011                                                                                                                                                                      Frank D. Martz

                                                             Group Senior Vice President of Operations

                                                                (724) 758-5584

ESB FINANCIAL CORPORATION

ANNOUNCES SIX FOR FIVE STOCK SPLIT

Ellwood City, Pennsylvania.  ESB Financial Corporation (Nasdaq NMS: ESBF) announced today that the Board of Directors has declared a six-for-five stock split of the ESBF common stock, which is payable on May 16, 2011to the stockholders of record at the close of business on May 5, 2011. Each stockholder is entitled to receive one additional share of ESBF common stock for each five shares held on the record date. As of April 19, 2011, there were 12,345,992 shares of common stock outstanding and 2,555 registered stockholders of record. The number of stockholders of record does not include the number of persons or entities who hold their stock in nominee or "street" name.

Charlotte A. Zuschlag, President and Chief Executive Officer, noted that the Company's record earnings from operations for the past two years, and strong earnings for the three months ended March 31, 2011, were reasons behind the announcement. The Company reported net income of $14.2 million for the year ended December 31,2010, and net income of $3.7 million for the three months ended March 31, 2011.

Ms. Zuschlag stated, "This six-for-five stock split represents the tenth such stock split since the Company went public in June 1990. The Board of Directors declared this stock split in order to reflect the appreciation of the stock price since 1990 and to increase the number of outstanding shares. This should amplify trading activity, or float, in our common stock." Ms. Zuschlag also stated, "The Board is most pleased to announce this stock split. This stock split, combined with our maintaining the current payout of $0.10 per share quarterly cash dividend, effectively increases the cash payout to our stockholders by 20%." Ms. Zuschlag added that “the Company continues to repurchase shares of common stock through its stock buyback program.”

ESB Financial Corporation is the parent holding company of ESB Bank, and offers a wide variety of financial products and services through 24 offices in the contiguous counties of Allegheny, Lawrence, Beaver and Butler in Pennsylvania.  The common stock of the Company is traded on The NASDAQ Stock Market under the symbol “ESBF”. We make available on our web site, which is located at http://www.esbbank.com, our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, on the date which we electronically file these reports with the Securities and Exchange Commission.  Investors are encouraged to access these reports and the other information about our business and operations on our web site.