For the quarter ended March 2024, Esquire Financial Holdings, Inc. (ESQ) reported revenue of $29.25 million, down 1% over the same period last year. EPS came in at $1.20, compared to $1.11 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $29.04 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +1.69%, with the consensus EPS estimate being $1.18.While investors scrutinize revenue and earnings changes year-over-year and how they compar ...

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 ...

Business Overview - As of September 30, 2023, the company operates as a full-service commercial bank focused on the litigation industry and small businesses nationally, with a total addressable market of $443 billion for the litigation sector [122][125]. - The company reported that U.S. tort actions consume an estimated 1.85%-2.13% of U.S. GDP annually, indicating significant growth potential in the litigation market [125]. - The company has clients in 28 states, with major markets including New York, California, Texas, Florida, Pennsylvania, South Carolina, and New Jersey [126]. - The company emphasizes its unique ability to combine traditional commercial underwriting with non-traditional asset-based underwriting, which is crucial for understanding law firms' contingent case inventory [126]. Financial Performance - The company’s results of operations are primarily driven by net interest income, which is the difference between interest earned on assets and interest paid on liabilities [123]. - Noninterest income is mainly derived from payment processing income, administrative service payment fees, and customer-related fees [123]. - The company achieved a return on average assets of 2.71% and a return on average equity of 21.44% for the quarter ended September 30, 2023 [132]. - Net income increased by $2.1 million, or 27.6%, to $9.8 million for the three months ended September 30, 2023, compared to $7.7 million for the same period in 2022 [153]. - Net interest income rose by $6.2 million, or 39.7%, to $21.7 million for the three months ended September 30, 2023, driven by a $7.9 million increase in interest income [154]. - Interest income increased by $7.9 million, or 49.8%, to $23.9 million for the three months ended September 30, 2023, from $16.0 million for the same period in 2022 [156]. - The company recorded an income tax expense of $11.2 million for the nine months ended September 30, 2023, with an effective tax rate of 26.5% [185]. Asset and Loan Growth - Total assets increased by $86.8 million, or 6.2%, to $1.5 billion as of September 30, 2023, driven by a $166.1 million, or 17.5%, growth in loans held for investment [134]. - Loans held for investment totaled $1.1 billion, or 86.8% of total deposits, with commercial loans increasing by $110.2 million, or 20.0%, to $662.3 million [135]. - Litigation-related loans reached $573.8 million, or 51.5% of the total loan portfolio, up from $467.4 million, or 49.3%, at the end of 2022 [136]. - Total deposits rose by $54.4 million, or 4.4%, to $1.3 billion, with core deposits making up 99.4% of total deposits [139]. - Demand deposits increased by $27.7 million, or 6.2%, to $472.1 million, representing 36.8% of total deposits [139]. Credit Losses and Allowance - The company has adopted the CECL Standard, requiring it to estimate and record lifetime credit losses expected to be incurred on financial instruments [110]. - The company’s allowance for credit losses is considered a critical accounting policy due to the inherent subjectivity and uncertainty in estimating required levels [109]. - The allowance for credit losses was $15.3 million, or 1.38% of total loans, as of September 30, 2023, compared to 1.29% at the end of 2022 [144]. - Provision for credit losses increased to $1.2 million for Q3 2023, up from $650 thousand in Q3 2022, with an allowance to loans ratio of 1.38% compared to 1.24% a year earlier [162]. Liquidity and Capital Position - The company has strong available liquidity of $782.4 million, or 61% of deposits, with no outstanding borrowings [132]. - Total stockholders' equity increased by $27.5 million to $185.6 million, primarily due to net income of $31.1 million [143]. - The total liquidity position, including cash, borrowing capacity, and available sweep balances, amounted to $782.4 million, representing 61% of total deposits [201]. - Esquire Bank exceeded all regulatory capital requirements as of September 30, 2023, and was classified as "well capitalized" under regulatory guidelines [203]. - The total risk-based capital ratio was 15.59% as of September 30, 2023, significantly above the minimum requirement of 10.00% [206]. - The Tier 1 risk-based capital ratio stood at 14.34% as of September 30, 2023, exceeding the minimum requirement of 8.00% [206]. - The bank's common equity Tier 1 capital ratio was also 14.34%, well above the minimum requirement of 6.50% [206]. Technology and Market Risks - The company’s future success relies on developing and embracing cutting-edge technology to leverage its litigation and payment processing verticals [124]. - The company faces risks related to economic conditions, competition, and regulatory changes that could impact its financial performance [105][121]. Payment Processing - Payment processing volumes increased by $1.1 billion, or 14.6%, to $8.4 billion in Q3 2023, with transactions rising by 15.3 million, or 10.7%, to 157.3 million [165]. - Noninterest income for Q3 2023 was $6.5 million, a 1.5% increase from $6.4 million in Q3 2022, driven by a $163 thousand increase in payment processing fees [163]. - Payment processing income for the nine months ended September 30, 2023, increased by $599 thousand, or 3.8%, to $16.3 million compared to the same period in 2022 [181].

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 ...