Core Points - Esquire Financial Holdings, Inc. announced a 17% increase in its regular quarterly dividend to $0.175 per share, payable on March 3, 2025, to stockholders of record on February 14, 2025 [1][2] - This marks the fourth consecutive increase in dividends since the company initiated them in 2022, reflecting consistent industry-leading performance and growth [2] Company Overview - Esquire Financial Holdings, Inc. is headquartered in Jericho, New York, with one branch office in Jericho and an administrative office in Boca Raton, Florida [2] - The company's wholly-owned subsidiary, Esquire Bank, is a full-service commercial bank focused on serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area [2] - Esquire Bank offers tailored financial and payment processing solutions to the litigation community and flexible payment processing solutions to small business owners [2] - The company was recognized in Fortune's 2024 Fastest-Growing Companies list [2]

Core Insights - Esquire Financial Holdings, Inc. reported a revenue of $33.06 million for the quarter ended December 2024, reflecting a year-over-year increase of 14.2% [1] - The earnings per share (EPS) for the quarter was $1.37, up from $1.18 in the same quarter last year, although it fell short of the consensus estimate of $1.40 by 2.14% [1] - The revenue exceeded the Zacks Consensus Estimate by 0.52% [1] Financial Performance Metrics - The efficiency ratio was reported at 47.5%, slightly higher than the estimated 46.4% [4] - Total interest-earning assets amounted to $1.82 billion, surpassing the estimated $1.75 billion [4] - The net interest margin was recorded at 5.9%, below the average estimate of 6.1% [4] - Net interest income reached $26.89 million, exceeding the average estimate of $26.78 million [4] - Payment processing fees were reported at $5.09 million, slightly below the estimated $5.20 million [4] - Total non-interest income was $6.17 million, marginally above the average estimate of $6.11 million [4] Stock Performance - Esquire Financial's shares have returned +12.5% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Esquire Financial Holdings, Inc. (ESQ) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.14%. A quarter ago, it was expected that this company would post earnings of $1.32 per share when it actually produced earnings of $1.34, delivering a surprise of 1.52%.Over the last four quarter ...

Net Income and Profitability - Net income increased 19% to $11.8 million in Q4 2024, compared to $9.9 million in Q4 2023[1] - Full-year net income rose 7% to $43.7 million in 2024, up from $41.0 million in 2023[1] - Net income for the year ended December 31, 2024, was $43,658 thousand, up from $41,011 thousand in 2023[36] - Adjusted net income for 2024 was $43,658 thousand, compared to $38,081 thousand in 2023[42] - Return on average assets for the year ended December 31, 2024, was 2.57%, down from 2.89% in 2023[36] - Adjusted return on average equity for 2024 was 20.14%, down from 21.54% in 2023[42] Loan and Deposit Growth - Core deposit growth totaled $105.9 million, or 28% annualized, reaching $1.63 billion in Q4 2024[1] - Loan growth on a linked quarter basis was $99.6 million, or 31% annualized, to $1.40 billion in Q4 2024[1] - Average loans increased by $207.0 million (19.7%) to $1.26 billion, primarily due to growth in the national commercial lending platform and regional multifamily loan portfolio[13] - Average deposits increased by $230.0 million (31.6%) to $958 million, primarily due to growth in escrow or IOLTA deposits nationally[13] - Total deposits increased by $234.9 million (16.7%) to $1.64 billion, with IOLTA and escrow deposits representing 59.6% of total deposits[25] - Total deposits grew to $1,642,236 thousand as of December 31, 2024, from $1,407,299 thousand in the previous year[34] - Loans held for investment increased to $1,315,392 thousand in Q4 2024, with a yield of 7.78%, up from $1,169,411 thousand in Q4 2023[38] - For the full year 2024, loans held for investment averaged $1,258,914 thousand with a yield of 7.82%, up from $1,051,903 thousand in 2023[39] Net Interest Income and Margin - Net interest margin for the full year 2024 was 6.06%, with Q4 margin at 5.87%[1] - Net interest income increased by $16.2 million (19.3%) to $99.9 million, driven by a 19.9% growth in average interest-earning assets to $1.65 billion and a net interest margin of 6.06%[13] - Net interest income for the year ended December 31, 2024, was $99,929 thousand, compared to $83,773 thousand in 2023[36] - Net interest margin for the year ended December 31, 2024, was 6.06%, slightly down from 6.09% in 2023[36] - Net interest income for Q4 2024 was $26,886 thousand, up from $22,670 thousand in Q4 2023[38] - Net interest margin for Q4 2024 was 5.87%, down from 6.12% in Q4 2023[38] - Net interest income for 2024 was $99,929 thousand, up from $83,773 thousand in 2023[39] - GAAP net interest income for Q4 2024 was $26.886 billion, up from $25.858 billion in Q3 2024 and $22.670 billion in Q4 2023[43] Credit Losses and Allowance - Provision for credit losses increased by $200 thousand to $1.7 million in Q4 2024[7] - The provision for credit losses was $4.7 million, with the allowance to loans ratio increasing to 1.50% from 1.38% in 2023[14] - The allowance for credit losses was $21.0 million (1.50% of total loans), with nonperforming loans totaling $10.9 million (0.78% of total loans)[20] - Nonperforming loans remained steady at $10,940 thousand as of December 31, 2024, consistent with the previous year[34] Noninterest Income and Expense - Noninterest income totaled $24.9 million, with payment processing income decreasing by $1.4 million to $20.9 million due to ISO attrition and changes in merchant risk profile[15] - Noninterest expense increased by $7.7 million (14.5%) to $60.8 million, primarily due to increases in employee compensation and benefits, advertising, and data processing costs[17] - Total noninterest income for the year ended December 31, 2024, was $24,895 thousand, compared to $29,751 thousand in 2023[36] - Employee compensation and benefits expenses increased to $37,845 thousand for the year ended December 31, 2024, from $32,481 thousand in 2023[36] - Adjusted noninterest income for Q4 2024 was $6.169 billion, compared to $6.062 billion in Q3 2024 and $6.266 billion in Q4 2023[43] - GAAP noninterest expense for Q4 2024 was $15.685 billion, compared to $15.358 billion in Q3 2024 and $13.901 billion in Q4 2023[43] Efficiency Ratios - Efficiency ratio for Q4 2024 was 47.5%, compared to 48.0% in 2023[10] - Non-GAAP efficiency ratio for Q4 2024 was 48.1%, compared to 47.5% in Q3 2024 and 48.0% in Q4 2023[43] - Adjusted efficiency ratio (non-GAAP) for Q4 2024 was 47.5%, compared to 48.1% in Q3 2024 and 48.0% in Q4 2023[43] Capital and Equity Ratios - Common equity tier 1 (CET1) ratio stood at 14.67%, with tangible common equity to tangible assets (TCE/TA) ratio at 12.53%[4] - Stockholders' equity increased by $38.5 million to $237.1 million, driven by increases in retained earnings (net income)[28] - Common equity tier 1 capital ratio was 14.67% as of December 31, 2024, compared to 14.13% in the previous year[34] - Tangible common equity to tangible assets ratio (non-GAAP) was 12.53% as of December 31, 2024[45] - Adjusted common equity tier 1 capital ratio was 13.33% as of December 31, 2024[45] - Common equity tier 1 capital ratio was 14.67% as of December 31, 2024[45] Asset and Liability Growth - Total assets increased by $275.6 million (17.0%) to $1.89 billion, driven by a $189.6 million (15.7%) increase in loans, primarily higher-yielding variable rate commercial loans[23] - Total assets increased to $1,892,503 thousand as of December 31, 2024, compared to $1,616,876 thousand in the same period last year[34] - Total interest earning assets grew to $1,823,690 thousand in Q4 2024, with a yield of 6.72%, compared to $1,470,644 thousand in Q4 2023[38] - Total interest earning assets for 2024 averaged $1,648,433 thousand with a yield of 6.88%, compared to $1,375,275 thousand in 2023[39] - Total GAAP assets as of December 31, 2024 were $1.892503 trillion[45] - Total risk-weighted assets for the bank were $1.488855 trillion as of December 31, 2024[45] Payment Processing and Off-Balance Sheet Items - Payment processing platform facilitated $9.2 billion in credit and debit card payment volume across 145.7 million transactions in Q4 2024[4] - Off-balance sheet sweep funds increased by $276.4 million, or 99%, to $554.4 million compared to year-end 2023[1]

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38131 Esquire Financial Holdings, Inc. ( ...

JERICHO, N.Y., Nov. 7, 2024 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank") (collectively "Esquire"), today announced its inclusion on Fortune's annual 100 Fastest-Growing Companies list. Esquire was one of only four commercial banks to make the list, ranking No. 55 among all companies based on revenue growth, earnings per share growth and three-year annualized return to shareh ...

Esquire Financial Holdings, Inc. (ESQ) reported $31.92 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 13%. EPS of $1.34 for the same period compares to $1.17 a year ago.The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $31.48 million. With the consensus EPS estimate being $1.32, the EPS surprise was +1.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Esquire Financial Holdings, Inc. (ESQ) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.52%. A quarter ago, it was expected that this company would post earnings of $1.21 per share when it actually produced earnings of $1.25, delivering a surprise of 3.31%.Over the last four quarters ...

SDI Productions Every so often, when I rate a company a 'strong buy', upside will come rather quickly. I don't claim to be an expert on the timing of increases. Rather, it's just dumb luck. Normally, when I buy a firm, it is not my expectation to see the stock rise materially in a short window of time. But you won't hear me complaining about it when it does happen. One firm that has appreciated rather rapidly is Esquire Financial Holdings (NASDAQ:ESQ). Back in June of this year, I wrote my first-ever articl ...

Esquire Financial Holdings, Inc. (ESQ) closed the last trading session at $55.35, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $69.33 indicates a 25.3% upside potential. The mean estimate comprises three short-term price targets with a standard deviation of $1.15. While the lowest estimate of $68 indicates a 22.9% increase from the current price level, the most opti ...