Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 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 Number: 001-38131 Esquire Financial Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) Maryland 27-5107901 (State or o ...

JERICHO, N.Y., Feb. 28, 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 plans to establish a branch location in Los Angeles, California, subject to the receipt of regulatory approval. "This California branch underscores our commitment to meeting the needs of law firms nationally and our confidence in the vitality of the litigation ...

Esquire Financial Holdings, Inc. (ESQ) closed the last trading session at $49.76, gaining 2.4% 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 $63 indicates a 26.6% upside potential.The average comprises three short-term price targets ranging from a low of $60 to a high of $65, with a standard deviation of $2.65. While the lowest estimate indicates an increase of 20.6% from the cur ...

The price trend for Esquire Financial Holdings, Inc. (ESQ) has been bearish lately and the stock has lost 5.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the on ...

Esquire Financial Holdings, Inc. (ESQ) closed the last trading session at $49.86, gaining 2.5% 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 $63 indicates a 26.4% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $2.65. While the lowest estimate of $60 indicates a 20.3% increase from the current price level, the most optimist ...

JERICHO, N.Y., Jan. 31, 2024 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association (collectively "Esquire"), today announced an increase to its regular quarterly dividend by 20% to $0.15 per share of common stock, payable on March 1, 2024, to each stockholder of record on February 15, 2024. "Our consistent industry leading performance and growth over the past several years has allowed the Company to increase its r ...

Table of Contents 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, 2023 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. (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5107901 (State or Other Juri ...

Table of Contents 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 June 30, 2023 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. (Exact Name of Registrant as Specified in Its Charter) Maryland 27-5107901 (State or Other Jurisdict ...

Market Overview - As of March 31, 2023, the company operates as a full-service commercial bank focused on the litigation industry and small businesses, with a total addressable market of $443 billion for 2020 in the U.S. tort actions sector [125]. - The company has clients in 28 states, with significant markets including New York, California, Texas, Florida, Pennsylvania, South Carolina, and New Jersey [126]. - The litigation market is projected to consume 1.85%-2.13% of U.S. GDP annually, indicating a strong growth opportunity for the company [125]. Financial Performance - The company reported a return on average assets of 3.68% and a return on average equity of 30.45% for the quarter ended March 31, 2023 [130]. - Net income increased by $6.8 million, or 128.0%, to $12.2 million for the three months ended March 31, 2023, compared to $5.3 million for the same period in 2022 [148]. - Net interest income rose by $7.5 million, or 63.7%, to $19.3 million for the three months ended March 31, 2023, driven by an $8.3 million increase in interest income [149]. - Noninterest income surged by $4.8 million, or 86.5%, to $10.3 million, primarily due to a $4.0 million nonrecurring gain on an equity investment [158]. - Total noninterest expense increased by $3.1 million, or 33.1%, to $12.5 million, with significant rises in employee compensation and professional services [161]. Asset and Liability Management - Total assets increased by $55.2 million, or 4.0%, to $1.5 billion as of March 31, 2023, driven by a 24.2% increase in cash and cash equivalents [132]. - Loans held for investment grew to $966.9 million, representing 76.4% of total deposits, with commercial loans increasing by $13.8 million, or 2.5% [133]. - Total deposits rose by $36.1 million, or 2.9%, to $1.3 billion, with demand deposits increasing by $104.2 million, or 23.4% [137]. - The allowance for credit losses was $13.0 million, or 1.34% of total loans, reflecting an increase due to loan growth and economic uncertainties [142]. - Off-balance sheet sweep funds totaled approximately $262.5 million, with $140.5 million available to be swept back onto the balance sheet [139]. Interest Income and Margin - Interest income increased by $8.3 million, or 69.4%, to $20.4 million for the three months ended March 31, 2023, attributed to growth in loans, securities, and interest earning cash [151]. - Loan interest income increased by $6.6 million, or 59.8%, to $17.6 million, supported by a $175.4 million, or 22.6%, increase in average loan balance [152]. - The net interest margin improved by 160 basis points to 6.03% for the three months ended March 31, 2023, from 4.43% in the prior year [150]. - The net interest margin was 6.03%, with stable fee income representing 21% of total revenue, including a nonrecurring gain of $4.0 million [130]. Credit Losses and Provisions - The provision for credit losses was $500 thousand, a decrease of $140 thousand from the previous year, with an allowance to loans ratio of 1.34% [157]. - The company maintained no nonperforming assets as of March 31, 2023, with special mention loans decreasing from $13.7 million to $5.4 million [142]. Technology and Competitive Edge - The company emphasizes its unique ability to combine traditional commercial underwriting with non-traditional asset-based underwriting, enhancing its competitive edge [126]. - The company’s future success relies on developing and embracing cutting-edge technology to differentiate itself from other financial firms [124]. Economic and Regulatory Risks - The company faces risks from economic conditions, competition, and regulatory changes that could impact its financial performance [123]. Capital and Liquidity - Total stockholders' equity increased by $12.6 million to $170.8 million, primarily due to net income of $12.2 million [141]. - The overall liquidity position was $588.4 million, representing 47% of total deposits, indicating a highly liquid balance sheet [177]. - Total risk-based capital ratio was 16.14% as of March 31, 2023, exceeding the minimum requirement of 10.00% [180]. - The bank is asset-sensitive in a rising interest rate environment, with estimated net interest income increasing by $18.185 million under a 400 basis point increase in rates [169]. - Economic value of equity (EVE) increased by $48.265 million under a 400 basis point increase in interest rates, totaling $327.504 million [171]. Operational Costs - Employee compensation and benefits costs increased due to staff growth and year-end salary adjustments, impacting overall expenses [162]. - Professional services costs rose due to the retention of a global executive search firm to enhance sales and underwriting capabilities [162]. - Advertising and marketing costs increased as the company expanded its brand and digital marketing efforts [162]. Taxation - Income tax expense for Q1 2023 was $4.4 million, reflecting an effective tax rate of 26.5%, consistent with Q1 2022 [163].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Esquire Financial Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 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 Number: 001-38131 Maryland 27-5107901 (State or o ...