Esquire closes Signature Bancorporation merger; pro forma assets $4.59B, diluted EPS accretive to $1.64

Esquire Financial Holdings, Inc.

Signature Bancorporation merged into Esquire on August 1, 2026, then Signature Bank merged into Esquire Bank, N.A., under the March 11, 2026 merger agreement.
Pro forma combined assets of $4.59B and deposits of $3.81B at March 31, 2026, combining Esquire's $2.42B of assets with Signature's $1.95B.
Consideration of $465.7M: 3,446,992 ESQ shares issued at an exchange ratio of 2.671x and a $129.22 close on July 31, 2026; $219.4M of goodwill recorded.
Core deposit intangible of $49.3M amortized over eight years; estimated merger expenses of $35.5M pretax ($27.9M after tax).
Pro forma Q1 2026 net income $20.1M and diluted EPS $1.64 vs Esquire standalone $1.40; diluted shares rise to 12,284K from 8,700K.

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