Esquire Financial Q3 net income up 28% to $9.8M, EPS $1.17, driven by loan growth and NIM expansion

Esquire Financial Holdings, Inc.

2023-Q3 EPS reported $3.74

Net interest income rose 39.7% to $21.7M; net interest margin expanded to 6.19% from 5.18% YoY.
Total loans grew $57.7M linked quarter to $1.1B; commercial loans up 38.3% YoY.
No nonperforming loans at quarter-end; allowance to loans ratio 1.38%.
Return on average assets 2.71% and return on average equity 21.44%.
Efficiency ratio improved to 48.7% from 49.3% YoY despite investment in personnel.

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 0.95

Esquire Financial Holdings, Inc. reported the quarter ended September 30, 2023 results: net income $9.8 million, EPS $1.17 per diluted share.

Period: the quarter ended September 30, 2023
Net income: $9.8 million
EPS: $1.17 per diluted share
Result: reported results

Exact text from the filing

On October 23, 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 September 30, 2023.

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Esquire Financial Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-016598

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