Esquire Financial Q2 net income $9.1M, up 43% YoY; loan growth drives NIM 6.02%

Esquire Financial Holdings, Inc.

2023-Q1 EPS reported $2.57

Net income $9.1M ($1.10 diluted EPS) vs $6.4M ($0.78) in Q2 2022, a 43% increase.
Net interest margin 6.02%; net interest income $20.1M, up 46.9% YoY.
Commercial loan growth $90.2M linked quarter to $1.1B, focused on variable-rate loans.
Payment processing fee income $5.8M, processing $8.5B in volume across 156.8M transactions.
Core deposits $1.3B, cost of funds 0.66%; uninsured deposits 26%, 85% relationship-based.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Esquire Financial Holdings, Inc. reported the quarter ended June 30, 2023 results: net income $9.1 million, EPS $1.10 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $9.1 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

On July 25, 2023, Esquire Financial Holdings, Inc. (the “Company”), the holding company for Esquire Bank, National Association (“Esquire Bank”), issued a press release announcing its earnings for the quarter ended June 30, 2023.

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Esquire Financial Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-012191

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