Here's What Key Metrics Tell Us About Esquire Financial (ESQ) Q3 Earnings

Core Insights - Esquire Financial Holdings, Inc. reported $31.92 million in revenue for Q3 2024, a 13% year-over-year increase [1] - The EPS for the same period was $1.34, up from $1.17 a year ago, indicating a positive trend in earnings [1] - The revenue exceeded the Zacks Consensus Estimate of $31.48 million by 1.40%, while the EPS also surpassed the consensus estimate of $1.32 by 1.52% [1] Financial Metrics - Efficiency ratio stood at 48.1%, slightly above the average estimate of 47.9% from two analysts [1] - Net Interest Margin was reported at 6.2%, compared to the average estimate of 6.1% [1] - Total Interest Earning Assets reached $1.67 billion, exceeding the average estimate of $1.63 billion [1] - Payment processing fees were $5.17 million, below the average estimate of $5.37 million [1] - Total Non-Interest Income was $6.06 million, lower than the estimated $6.35 million [1] - Net Interest Income was reported at $25.86 million, above the average estimate of $25.14 million [1] Stock Performance - Over the past month, shares of Esquire Financial have returned -1%, while the Zacks S&P 500 composite increased by 1.5% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]