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Sep 30, 2021
Esquire Financial Q3 2021 Earnings Report
Esquire Financial's third quarter results were announced, marked by industry-leading loan growth that propelled record revenues.
Key Takeaways
Esquire Financial Holdings reported a net income of $2.5 million, or $0.32 per diluted share, for the third quarter of 2021. The company's industry-leading net interest margin stood at 4.50%. Excluding a charge related to the reclassification of its legacy NFL consumer post settlement loan portfolio, adjusted net income would have been $5.0 million, or $0.63 per diluted share.
Net income was $2.5 million, or $0.32 per diluted share.
Net interest margin was 4.50%.
Loans held for investment increased $36.7 million, or 21% annualized.
Deposits increased $62.4 million, or 27% annualized, to $977.0 million.
Esquire Financial
Esquire Financial
Forward Guidance
No explicit forward guidance was provided in the earnings report.