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Dec 31, 2019
Esquire Financial Q4 2019 Earnings Report
Esquire Financial's Q4 2019 results reflected loan and deposit growth, leading to an overall record year.
Key Takeaways
Esquire Financial Holdings, Inc. reported a strong fourth quarter and full year for 2019, with net income increasing by 35% to $3.9 million, or $0.50 per diluted share, for the quarter. The company experienced growth in loans and deposits, alongside a solid net interest margin and improved efficiency ratio.
Net income increased 35% to $3.9 million, or $0.50 per diluted share.
Net interest income for the fourth quarter increased 15% to $8.9 million with a strong net interest margin of 4.79%.
Total assets increased 20% to $798.0 million.
Merchant services fees increased 109% to $3.0 million, representing 26.3% of total revenue.
Esquire Financial
Esquire Financial
Esquire Financial Revenue by Segment
Revenue by Segment
Payment processing fees Revenue
CapyFin.comOther noninterest income Revenue
CapyFin.com