Esquire Financial Q4 net income $9.9M, EPS $1.18; FY net income $41.0M, up 44% YoY

Esquire Financial Holdings, Inc.

2023-FY EPS reported $4.91

Net income Q4 2023 $9.9M ($1.18 diluted EPS) vs $9.1M ($1.10) Q4 2022; FY net income $41.0M ($4.91) vs $28.5M ($3.47).
Net interest margin 6.12% Q4, 6.09% FY; total revenue $113.5M for FY, fee income 23% of total.
Loans grew $94M linked quarter (34% annualized) to $1.2B; deposits grew $124.7M (38.6% annualized) to $1.4B.
Nonperforming loan $10.9M (one multifamily); allowance to loans 1.38%; no office CRE exposure.
Invested $6M for 24.99% stake in Payzli (payment tech) closed Jan 2024, expected to benefit fee income in early 2025.

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 0.9

Esquire Financial Holdings, Inc. reported fourth quarter and full year 2023 results: revenue $113.5 million, net income $9.9 million, or $1.18 per diluted share in the current quarter.

Period: fourth quarter and full year 2023
Revenue: $113.5 million
Net income: $9.9 million, or $1.18 per diluted share in the current quarter
Result: reported results

Exact text from the filing

equity were 2.80% and 23.89% for the fourth quarter 2022 and 2.31% and 19.44% for full year ended 2022, respectively. ● Continued expansion of our total revenue base totaling $113.5 million fueled by an industry leading net interest margin of 6.12% for the current quarter (6.09% for the full year 2023) as well as stable fee-based income (led by our payment

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Esquire Financial Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-000498

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