Exhibit 99.1 ESQUIRE FINANCIAL HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS Continued Growth in our National Platforms Drives Industry Leading Performance Metrics Jericho, NY – April 25, 2024 – 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 operating results for the first quarter of 2024. Significant achievements and key performance metrics d ...

Financial Performance - Total assets increased to $1,616,876 thousand as of December 31, 2023, compared to $1,395,639 thousand in 2022, representing a growth of approximately 15.8%[344]. - Net income for the year ended December 31, 2023, was $41,011 thousand, up from $28,518 thousand in 2022, reflecting a year-over-year increase of about 43.8%[346]. - Interest income from loans held for investment rose to $81,188 thousand in 2023, a significant increase of 50.5% compared to $54,007 thousand in 2022[346]. - Noninterest income totaled $29,751 thousand in 2023, compared to $24,925 thousand in 2022, marking an increase of about 19.1%[346]. - Basic earnings per share increased to $5.31 in 2023 from $3.73 in 2022, representing a growth of approximately 42.3%[346]. - Total comprehensive income for 2023 was $42,893,000, compared to $14,251,000 in 2022, reflecting a significant improvement[347]. - Net cash provided by operating activities rose to $42,401,000 in 2023, up from $38,797,000 in 2022[351]. Loan Portfolio - The commercial real estate (CRE) loan portfolio comprises $89.5 million, representing 7.4% of total loans, while the multifamily loan portfolio totals $348.2 million, or 28.8% of total loans[74]. - The overall multifamily portfolio's weighted average debt service coverage ratio (DSCR) is 1.66, with a loan-to-value (LTV) ratio of 54%[79]. - Multifamily loans maturing in 2024 total $29.1 million, with a weighted average DSCR of approximately 1.46 and a weighted average LTV of 57%[79]. - The company has no exposure to office and construction loans, with minimal exposure to hospitality at $15.5 million as of December 31, 2023[74]. - The recorded investment in loans as of December 31, 2022, was $948,553,000, with no impaired loans reported[419]. - As of December 31, 2023, total loans held for investment amounted to $1,208,081 thousand, an increase from $948,553 thousand in 2022, representing a growth of approximately 27.4%[416]. - The total real estate loans increased to $455,676 thousand in 2023 from $379,891 thousand in 2022, reflecting a growth of about 19.9%[416]. Credit Losses and Risk Management - The allowance for credit losses increased to $16,631 thousand in 2023 from $12,223 thousand in 2022, indicating a rise of approximately 36.5%[344]. - The provision for credit losses was $4,525 thousand in 2023, compared to $3,490 thousand in 2022, reflecting an increase of about 29.7%[346]. - The company evaluates the adequacy of the allowance for credit losses on a quarterly basis, incorporating reasonable and supportable forecasts[368]. - The allowance for credit losses on loans was reported as $12,506 thousand under the CECL Standard, reflecting an increase of $283 thousand from pre-CECL adoption[402]. - The company categorizes loans into risk categories based on borrowers' ability to service their debt, with special mention loans indicating potential weaknesses[422]. - The company uses a defined process for analyzing loans individually, ensuring close attention to credit risk management[426]. Capital and Liquidity - The company maintained a common equity Tier 1 capital ratio of at least 4.5%, meeting federal minimum capital standards as of December 31, 2023[97]. - The company was classified as "well capitalized" under prompt corrective action requirements, indicating strong financial health[105]. - As of December 31, 2023, the company had $284.2 million of available borrowing capacity with the FHLB and $58.0 million with the FRB discount window, totaling $359.7 million in borrowing capacity[80]. - The company maintains a strong capital position, which is essential for compliance with banking regulations and supports dividend payments[356]. - The company had no outstanding FHLB or FRB borrowings as of December 31, 2023, maintaining a strong liquidity position[410][411]. Regulatory Compliance - The company is subject to extensive regulation and supervision by the OCC and the FRB, which could materially impact its operations and stockholders[88]. - The OCC has extensive enforcement authority over national banks, including the ability to issue cease and desist orders and assess civil money penalties[111]. - The company is not currently subject to consolidated holding company capital requirements due to its asset size being below the specified threshold[127]. - The company has elected to be a "financial holding company," allowing it to engage in a broader array of financial activities[128]. - The USA PATRIOT Act imposes obligations on financial institutions to establish anti-money laundering compliance programs[119]. Community Engagement and Diversity - The company supports community-based organizations through a comprehensive grant and lending program as part of its Community Reinvestment Act obligations[84]. - The company employed 140 full-time equivalent individuals, with approximately 60% being minorities or women, reflecting a commitment to diversity[81]. - The company emphasizes employee retention through competitive compensation and benefits packages, alongside a collaborative environment for training and development[82]. Tax and Deferred Tax Assets - Total current tax expense for 2023 was $17,422,000, an increase of 50.5% from $11,616,000 in 2022[442]. - The effective tax rate for 2023 was $14,871,000, compared to $10,283,000 in 2022, reflecting a 44.7% increase[442]. - Deferred tax assets totaled $13,045,000 in 2023, up from $11,260,000 in 2022, indicating a growth of 15.8%[443]. - The Company has determined that it is more likely than not that the deferred tax asset will be realized as of December 31, 2023[443]. Investments and Software - The company reported a total of $2.9 million in internal-use software assets as of December 31, 2023, down from $3.4 million in 2022, with related software amortization totaling $1.3 million for the year ended December 31, 2023[381]. - The company’s internal-use software costs are amortized over 3-5 years, reflecting a strategic investment in technology[381]. - The Company recognized a gain of $5,313 from its investment in Litify, Inc. after the reorganization and sale transaction in 2023[385]. - The Company has recorded a note receivable of $1.8 million as of December 31, 2023, related to its investment in Litify[385].

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].