Esquire Finl Hldgs Inc Stock Price, News & Analysis

Esquire Financial Holdings (NASDAQ: ESQ) has been named to KBW's Bank Honor Roll for the second consecutive year, being one of only 16 U.S. banks to achieve this recognition in 2025. The company was one of just two institutions out of 330 to meet all eligibility criteria, which includes having assets over $500 million and delivering top-quintile EPS growth over the past decade.

While over 60% of banks reported declining EPS in 2024, Esquire achieved record financial results: net income increased by $2.6 million (7%) to $43.7 million ($5.14 per diluted share) compared to $41.0 million ($4.91 per diluted share) in 2023. The company demonstrated exceptional performance with a 33% compound annual EPS growth over five years, and superior metrics including 2.6% return on average assets and 20.1% return on equity, significantly outperforming sector averages of 0.9% and 8.8% respectively.

Esquire Financial Holdings (NASDAQ: ESQ) has announced a regular quarterly dividend of $0.175 per share of common stock. The dividend will be payable on June 2, 2025, to stockholders of record as of May 15, 2025.

Esquire Financial Holdings operates through its wholly-owned subsidiary, Esquire Bank, a full-service commercial bank with locations in Jericho, New York, and an administrative office in Boca Raton, Florida. The bank specializes in serving the financial needs of the litigation industry and small businesses nationwide, while also catering to commercial and retail customers in the New York metropolitan area.

Esquire Financial Holdings (NASDAQ: ESQ) reported strong Q1 2025 results with net income increasing 13% to $11.4 million ($1.33 per diluted share) compared to Q1 2024. The company achieved industry-leading returns with ROA of 2.39% and ROE of 19.13%.

Key highlights include:

• Net interest margin expansion to 5.96%
• Total revenue up 15% to $33.8 million
• Loan portfolio reached $1.42 billion with 5% annualized growth
• Core deposits grew 11% annualized to $1.69 billion
• Strong efficiency ratio of 49.6%

The company announced a 17% increase in quarterly dividends to $0.175 per share and a new sourcing joint venture with Fortress Investment Group. Credit quality remained solid with an allowance for credit losses ratio of 1.37%, though one nonaccrual multifamily loan of $8.0 million was reported.

Esquire Financial Holdings (NASDAQ: ESQ) has been named one of the best-performing U.S. small community banks of 2024 by S&P Global Market Intelligence. The recognition places Esquire Bank in the top quartile of community banks with assets under $3 billion, based on financial performance, risk management, and continued growth.

The announcement follows Esquire's record operating results in 2024, as highlighted by Vice Chairman, CEO and President Andrew C. Sagliocca. The S&P Global Market Intelligence rankings, established in 2011, evaluate banks and credit unions on key metrics including returns, growth, funding, balance sheet strength, and risk profile.

Esquire Financial Holdings (NASDAQ: ESQ) announced a 17% increase in its quarterly dividend to $0.175 per share of common stock. The dividend will be payable on March 3, 2025, to stockholders of record as of February 14, 2025.

This marks the fourth consecutive dividend increase since the company initiated dividend payments in 2022. The increase reflects the company's consistent industry-leading performance and growth over recent years, according to Vice Chairman, CEO, and President Andrew C. Sagliocca.

Esquire Financial Holdings (NASDAQ: ESQ) reported strong financial results for Q4 and full year 2024. Q4 net income increased 19% to $11.8 million ($1.37 per diluted share) compared to $9.9 million in Q4 2023. Full-year net income grew 7% to $43.7 million ($5.14 per diluted share).

Key highlights include: industry-leading returns on average assets (2.49%) and equity (19.99%) for Q4 2024; total revenue of $124.8 million for 2024 with a 6.06% net interest margin; strong core deposit growth of $105.9 million (28% annualized) in Q4; and significant loan growth of $99.6 million (31% annualized) to $1.40 billion.

The company maintained solid credit metrics with an allowance for credit losses to loans ratio of 1.50%. Payment processing platform facilitated $9.2 billion in transaction volume across 145.7 million transactions in Q4. The efficiency ratio remained strong at 47.5% for Q4 2024.

Esquire Financial Holdings (NASDAQ: ESQ) has been named to Fortune's 100 Fastest-Growing Companies list, ranking No. 55 overall and among only four commercial banks included. The ranking is based on revenue growth, earnings per share growth, and three-year annualized shareholder returns through June 30, 2024.

The company serves two major markets: the $443 billion litigation and $10 trillion small business payment processing verticals. Recent performance highlights include a 2.62% return on assets, 20.29% return on equity, and a 6.16% net interest margin. The company processes $9.2 billion in card volume for 84,000 small business clients nationally. Esquire has announced plans to expand with a new private banking branch in Los Angeles.

Esquire Financial Holdings (NASDAQ: ESQ) has announced a regular quarterly dividend of $0.15 per share of common stock. The dividend will be payable on December 2, 2024, to stockholders of record as of November 15, 2024. The company operates through Esquire Bank, a full-service commercial bank focused on serving the litigation industry and small businesses nationally, with operations in New York and Florida. The bank specializes in providing financial and payment processing solutions to the litigation community and small business owners.