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Esquire Financial Holdings Named to KBW's Bank Honor Roll for Second Consecutive Year
Prnewswireยท 2025-05-05 12:30
Core Insights - Esquire Financial Holdings, Inc. has been recognized for the second consecutive year on the KBW Bank Honor Roll, highlighting its consistent and exceptional performance over the past decade [1][2] - The company is one of only 16 U.S. banks to achieve this honor, representing just five percent of eligible institutions, and is one of only two out of 330 banks to meet all eligibility criteria [1][2] Financial Performance - In 2024, Esquire reported a net income increase of $2.6 million, or 7%, reaching $43.7 million, equivalent to $5.14 per diluted share, compared to $41.0 million, or $4.91 per diluted share, in 2023 [3] - The company achieved a 33% compound annual EPS growth over the past five years, with return on average assets and equity at 2.6% and 20.1%, respectively, significantly outperforming the sector averages of 0.9% and 8.8% [3] Strategic Focus - The leadership emphasizes a client-centric and tech-powered approach, aiming to address the needs of clients in complex and fragmented markets [4] - The recognition from KBW is seen as a testament to the leadership team's innovation and ability to deliver customized solutions while providing industry-leading returns for shareholders [4] Company Overview - Esquire Financial Holdings, Inc. is headquartered in Jericho, New York, with a focus on serving the financial needs of the litigation industry and small businesses nationally [5] - The company was also named to Fortune's 2024 Fastest-Growing Companies list, indicating strong growth and market presence [5]