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Jun 30, 2022
Esquire Financial Q2 2022 Earnings Report
Reported record earnings and returns driven by strong balance sheet and revenue growth.
Key Takeaways
Esquire Financial Holdings, Inc. reported a net income increase of 19% to $6.4 million, or $0.78 per diluted share, for the second quarter of 2022, driven by growth in average interest earning assets and increases in the average yields on interest earning assets.
Net income increased 19% to $6.4 million, or $0.78 per diluted share, compared to the linked quarter.
Industry leading returns on average assets and equity of 2.00% and 17.81%, respectively, compared to the linked quarter.
Loan portfolio increased $41.3 million, or 20% annualized, to $859.3 million on a linked quarter basis.
Deposits increased $65.6 million on a linked quarter basis, or 24% annualized, to $1.2 billion with a cost-of-funds of 0.10%.
Esquire Financial
Esquire Financial
Forward Guidance
Esquire will continue to create value beyond our financial sector peer group by coupling our industry leading returns with two significant national markets primed for disruption.