ESQUIRE FINANCIAL HOLDINGS, INC. INCLUDED IN KBW'S 2024 HONOR ROLL

Esquire Financial Holdings, Inc. has been included in KBW's 2024 Bank Honor Roll, a group of elite banks representing only 5% of eligible firms nationally with strong and consistent earnings growth over the past decade.

Rhea-AI Summary

Esquire Financial Holdings, Inc. has been included in KBW's 2024 Bank Honor Roll, a group of elite banks representing only 5% of eligible firms nationally with strong and consistent earnings growth over the past decade. Esquire's Chairman Tony Coelho expressed pride in this recognition, highlighting the company's position as a top financial institution. Vice Chairman, CEO, and President Andrew C. Sagliocca emphasized the honor as a testament to Esquire's successful strategy and execution of their business model.

Positive

• Esquire Financial Holdings, Inc. named to KBW's 2024 Bank Honor Roll, showcasing strong and consistent earnings growth.

• The recognition underscores Esquire's position as an industry-leading financial institution nationally.

• Recognition from KBW and investment banking community highlights Esquire's top performance over the past five years.

Negative

• None.

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JERICHO, N.Y., May 6, 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 that it has been named to the 2024 Keefe, Bruyette & Woods' ("KBW") Bank Honor Roll. This elite group of banks comprise only 5% of the eligible firms nationally by delivering the strongest and/or most consistent earnings growth over the past decade. 

"We are honored and proud that KBW has included Esquire in such a prestigious group of banks," said Tony Coelho, Chairman of the Board. "This coupled with our previous top performing bank accolades from the investment banking community over the past five years underscores Esquire's position as an industry leading financial institution nationally."

Honor roll banks generally consist of market outperformers that demonstrate industry-leading growth, command premium valuations, and must have more than $500 million in total assets.

"This honor is an exceptional recognition of our strategy, growth, and execution of our business model as we continue to consistently build long-term stakeholder value despite the operating environment," stated Andrew C. Sagliocca, Vice Chairman, CEO, and President. 

About Esquire Financial Holdings, Inc.

Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail clients in the New York metropolitan area. The Bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible payment processing solutions to small business owners. For more information, visit www.esquirebank.com.

View original content:https://www.prnewswire.com/news-releases/esquire-financial-holdings-inc-included-in-kbws-2024-honor-roll-302136310.html

SOURCE Esquire Financial Holdings, Inc.

FAQ

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What is the significance of Esquire Financial Holdings, Inc. being included in KBW's 2024 Honor Roll?

Esquire's inclusion in the 2024 KBW Bank Honor Roll signifies its strong and consistent earnings growth over the past decade, positioning it as an industry-leading financial institution nationally.

How many banks are typically included in KBW's Honor Roll?

KBW's Honor Roll comprises only 5% of eligible firms nationally, representing the top performers with more than $500 million in total assets.

Who expressed pride in Esquire Financial Holdings, Inc.'s recognition in the Honor Roll?

Tony Coelho, Chairman of the Board, expressed pride in Esquire's inclusion in the prestigious group of banks.

What did Andrew C. Sagliocca mention regarding Esquire's strategy and business model?

Andrew C. Sagliocca highlighted the recognition as a testament to Esquire's successful strategy, growth, and execution of their business model, showcasing long-term stakeholder value.

What does being named to KBW's Honor Roll say about Esquire Financial Holdings, Inc.'s performance?

Esquire's inclusion in the elite group of banks signifies industry-leading growth and premium valuations, reflecting its successful business strategy and execution.

What assets threshold must banks meet to be considered for KBW's Honor Roll?

Banks must have more than $500 million in total assets to be eligible for KBW's Bank Honor Roll, showcasing their market outperformance and strong growth.