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Dec 31, 2021
Esquire Financial Q4 2021 Earnings Report
Reported record earnings and returns driven by loan and revenue growth
Key Takeaways
Esquire Financial Holdings, Inc. reported a strong fourth quarter and full year of 2021, driven by loan and revenue growth. Net income for the quarter was $6.7 million, or $0.83 per diluted share, and total assets reached $1.2 billion.
Net income of $6.7 million, or $0.83 per diluted share.
Returns on average assets and common equity of 2.44% and 19.19%, respectively.
Loans held for investment increased $40.4 million, or 22% annualized, to $784.5 million.
Deposits increased $51.4 million on a linked quarter basis, or 21% annualized, to $1.0 billion.
Esquire Financial
Esquire Financial
Forward Guidance
Company believes that digital platforms are key to future success and will play a significant role in 2022. Sales pipeline remains robust, driven by current and future digital marketing and technology development plans as well as employees that will support future growth plans.
Positive Outlook
- Investments in brand, digital platform, and sales strategy will continue to yield strong growth and returns.
- Digital marketing platform has contributed to more than half of the commercial loan originations.
- Digital platforms are key to the Company’s future success and will play a significant role in 2022.
- Sales pipeline remains robust, driven by current and future digital marketing and technology development plans.
- Employees will support future growth plans.
Challenges Ahead
- Changes in business plans as circumstances warrant.
- Changes in general economic, business and political conditions, including changes in the financial markets
- The demand for our products and services may decline, making it difficult to grow assets and income.
- If the economy worsens, loan delinquencies, problem assets, and foreclosures may increase.
- Collateral for loans, especially real estate, may decline in value.