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Mar 31, 2022
Esquire Financial Q1 2022 Earnings Report
Reported strong growth and asset sensitive balance sheet well positioned for rising rates.
Key Takeaways
Esquire Financial Holdings, Inc. reported a net income of $5.3 million, or $0.66 per diluted share, for the first quarter of 2022. The company's returns on average assets and equity were 1.92% and 15.06%, respectively. The loan portfolio increased to $818.0 million, and deposits increased to $1.1 billion.
Net income of $5.3 million, or $0.66 per diluted share.
Returns on average assets and equity of 1.92% and 15.06%, respectively.
Industry leading net interest margin of 4.43% anchored by variable rate commercial loans and low-cost core deposits.
Loan portfolio increased $33.5 million, or 17% annualized, to $818.0 million.
Forward Guidance
Esquire Financial Holdings, Inc. believes it is ripe for growth in the litigation and payment markets due to limited players and a fragmented approach. The company plans to continue serving its markets, shareholders, and team members with value creation beyond its financial sector peer group.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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