secwatch.observer — SEC 8-K summary
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Issuer:     Esquire Financial Holdings, Inc. (ESQ)
CIK:        0001531031
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001558370-24-000498
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1531031/000155837024000498/0001558370-24-000498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1531031/000155837024000498/esq-20240125x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000498

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