Esquire Financial Holdings, Inc. (ESQ) 10-Year Financial Performance & Capital Metrics

ESQ • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingSBA & Specialty Lending

AboutEsquire Financial Holdings, Inc. operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit. It also provides commercial loans, including short-term financing for inventory, receivables, the purchase of supplies, or other operating needs arising during the normal course of business, as well as loans to its qualified merchant customers; commercial lines of credit; consumer loans consisting of post-settlement consumer and structured settlement loans to plaintiffs and claimants, as well as loans to individuals for debt consolidation, medical expenses, living expenses, payment of outstanding bills, or other consumer needs; and real estate loans, such as multifamily, 1-4 family residential, commercial real estate, and construction loans, as well as merchant services. As of January 25, 2022, the company operated a full-service branch in Jericho, New York; and an administrative office in Boca Raton, Florida. Esquire Financial Holdings, Inc. was founded in 2006 and is headquartered in Jericho, New York.Show more

Net Interest Income $100M +19.3%
Total Revenue $138M +13.7%
Net Income $44M +6.5%
Return on Equity 20.04% -12.8%
Net Interest Margin 5.28% +1.9%
Efficiency Ratio 44% +0.8%
ROA 2.49% -8.6%
Equity / Assets 12.53% +2.0%
Book Value per Share 27.94 +17.4%
Tangible BV/Share 27.94 +19.2%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.6%
✓Strong 5Y profit CAGR of 25.3%
✓Strong NIM of 5.3%
✓Efficient operations: 44.0% efficiency ratio
✓Well capitalized: 12.5% equity/assets

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y28%

5Y23.32%

3Y28.24%

TTM-

Profit (Net Income) CAGR

10Y100.88%

5Y25.29%

3Y34.55%

TTM17.52%

EPS CAGR

10Y84.74%

5Y23.08%

3Y31.51%

TTM14.69%

ROCE

10Y Avg16.57%

5Y Avg22.64%

3Y Avg27.29%

Latest25.78%

Peer Comparison

SBA & Specialty Lending

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFINTriumph Financial, Inc.	1.6B	67.15	124.35	3.34%	3.3%	1%		0.16
LOBLive Oak Bancshares, Inc.	1.66B	36.12	21.37	19.67%	8.34%	5.78%	29.41%	0.11
ESQEsquire Financial Holdings, Inc.	901.77M	105.28	20.48	13.67%	31.57%	17.59%	4.33%
FINWFinWise Bancorp	238.99M	17.59	18.91	12.56%	13.07%	7.97%		0.03
FSFGFirst Savings Financial Group, Inc.	224.48M	32.00	16.16	4.58%	10.11%	11.73%	40.32%	1.98
RBBRBB Bancorp	361.56M	21.21	14.43	-1.75%	11.49%	5.09%	15.96%	0.72
HOPEHope Bancorp, Inc.	1.45B	11.28	13.76	-8.63%	9.96%	2.29%	7.39%	0.18
HAFCHanmi Financial Corporation	830.06M	27.71	13.52	8.03%	14.48%	9.31%	6.18%	0.54

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	11.99M	15.66M	19.86M	27.74M	34.11M	37.44M	43.7M	59.35M	83.77M	99.93M
NII Growth %	-	0.31%	0.27%	0.4%	0.23%	0.1%	0.17%	0.36%	0.41%	0.19%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	12.45M	16.17M	20.39M	28.95M	36.66M	38.63M	44.53M	60.99M	91.89M	113.37M
Interest Expense	457K	511K	538K	1.21M	2.55M	1.19M	828K	1.65M	8.12M	13.44M
Loan Loss Provision	930K	595K	905K	1.38M	1.85M	6.25M	6.96M	3.49M	4.53M	4.7M
Non-Interest Income+	2.94M	4.13M	5.52M	7.86M	11.81M	14.65M	21.02M	24.93M	29.75M	24.89M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	15.39M	20.29M	25.91M	36.81M	48.47M	53.28M	65.56M	85.92M	121.64M	138.27M
Revenue Growth %	0.31%	0.32%	0.28%	0.42%	0.32%	0.1%	0.23%	0.31%	0.42%	0.14%
Non-Interest Expense	12.17M	14.6M	17.43M	22.3M	24.93M	28.67M	35.06M	41.98M	53.12M	60.84M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.84M	4.59M	7.03M	11.92M	19.14M	17.17M	22.71M	38.8M	55.88M	59.28M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.42%	1.5%	0.53%	0.7%	0.6%	-0.1%	0.32%	0.71%	0.44%	0.06%
Pretax Income+	1.84M	4.59M	7.03M	11.92M	19.14M	17.17M	22.71M	38.8M	55.88M	59.28M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	664K	1.77M	3.39M	3.19M	5M	4.55M	4.78M	10.28M	14.87M	15.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.17M	2.82M	3.64M	8.73M	14.14M	12.62M	17.93M	28.52M	41.01M	43.66M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	27.72%	1.41%	0.29%	1.4%	0.62%	-0.11%	0.42%	0.59%	0.44%	0.06%
Net Income (Continuing)	1.17M	2.82M	3.64M	8.73M	14.14M	12.62M	17.93M	28.52M	41.01M	43.66M
EPS (Diluted)+	0.22	0.55	0.58	1.13	1.82	1.65	2.26	3.47	4.91	5.14
EPS Growth %	18.82%	1.5%	0.05%	0.95%	0.61%	-0.09%	0.37%	0.54%	0.41%	0.05%
EPS (Basic)	0.23	0.55	0.59	1.18	1.91	1.70	2.40	3.73	5.31	5.58
Diluted Shares Outstanding	5.03M	5.02M	6.24M	7.73M	7.78M	7.64M	7.95M	8.11M	8.35M	8.49M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	33.15M	42.99M	43.08M	30.56M	61.81M	65.19M	149.16M	164.12M	165.21M	126.33M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	305.96M	367.81M	473.47M	608.17M	704.8M	778.67M	923.83M	1.12B	1.39B	1.69B
Investments Growth %	-	0.2%	0.29%	0.28%	0.16%	0.1%	0.19%	0.22%	0.24%	0.21%
Long-Term Investments	221.72M	275.17M	344.71M	462.47M	558.38M	661.02M	775.44M	1.01B	1.27B	1.44B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	2.88M	0
PP&E (Net)	329K	2.77M	2.55M	2.69M	2.83M	3.02M	3.33M	2.7M	2.6M	2.44M
Other Assets	7.44M	6.61M	9.38M	15.55M	23.28M	82.71M	95.41M	90.75M	35.54M	54.04M
Total Current Assets	118.81M	137.18M	174.67M	180.12M	211.47M	187.37M	301.74M	279.16M	296.45M	378.2M
Total Non-Current Assets	233.84M	287.65M	358.89M	483.78M	586.54M	749.35M	877.03M	1.12B	1.32B	1.51B
Total Assets+	352.65M	424.83M	533.56M	663.9M	798.01M	936.71M	1.18B	1.4B	1.62B	1.89B
Asset Growth %	0.07%	0.2%	0.26%	0.24%	0.2%	0.17%	0.26%	0.18%	0.16%	0.17%
Return on Assets (ROA)	0%	0.01%	0.01%	0.01%	0.02%	0.01%	0.02%	0.02%	0.03%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	381K	371K	278K	89K	86K	49K	0	0	0	0
Net Debt	-32.77M	-42.62M	-42.8M	-30.47M	-61.72M	-65.14M	-149.16M	-164.12M	-165.21M	-126.33M
Long-Term Debt	381K	371K	278K	89K	86K	49K	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	-49K	0	0	11.02M	13.17M
Total Current Liabilities	302.84M	372.28M	449.9M	571.04M	686.86M	810.64M	1.04B	1.24B	1.41B	1.64B
Total Non-Current Liabilities	381K	371K	278K	89K	86K	0	0	0	11.02M	13.17M
Total Liabilities	303.23M	372.65M	450.17M	571.13M	686.95M	810.64M	1.04B	1.24B	1.42B	1.66B
Total Equity+	49.42M	52.19M	83.38M	92.77M	111.06M	126.08M	143.74M	158.16M	198.56M	237.09M
Equity Growth %	0.28%	0.06%	0.6%	0.11%	0.2%	0.14%	0.14%	0.1%	0.26%	0.19%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.06%	0.05%	0.1%	0.14%	0.11%	0.13%	0.19%	0.23%	0.2%
Book Value per Share	9.82	10.40	13.36	12.00	14.27	16.49	18.09	19.51	23.79	27.94
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	49K	50K	73K	75K	77K	78K	81K	82K	84K	85K
Additional Paid-in Capital	58.46M	58.84M	86.66M	88.54M	89.68M	91.62M	93.61M	96.39M	99.71M	104.05M
Retained Earnings	-8.65M	-5.83M	-1.96M	6.77M	20.92M	33.53M	51.46M	77.71M	114.26M	152.93M
Accumulated OCI	-434K	-884K	-1.39M	-2.61M	386K	1.41M	-850K	-15.12M	-13.23M	-14.29M
Treasury Stock	0	0	0	0	0	-567K	-567K	-906K	-2.27M	-5.69M
Preferred Stock	2K	1K	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.57M	6.32M	3.98M	10.11M	16.31M	15.59M	30.08M	38.8M	42.4M	42.21M
Operating CF Growth %	2.55%	3.03%	-0.37%	1.54%	0.61%	-0.04%	0.93%	0.29%	0.09%	-0%
Net Income	1.17M	2.82M	3.64M	8.73M	14.14M	12.62M	17.93M	28.52M	41.01M	43.66M
Depreciation & Amortization	237K	166K	411K	795K	1.29M	1.62M	2.23M	2.55M	2.54M	3.29M
Deferred Taxes	0	0	0	0	-116K	-955K	653K	-1.33M	-2.55M	-1.11M
Other Non-Cash Items	1.63M	1.57M	1.94M	2.3M	2.68M	6.99M	6.6M	2.88M	-350K	4.65M
Working Capital Changes	-1.61M	1.37M	-2.57M	-3.22M	-2.78M	-6.23M	697K	3.73M	-1.46M	-12.11M
Cash from Investing+	-60.97M	-65.57M	-108.79M	-142.74M	-97.31M	-135.44M	-170.49M	-221.5M	-215.4M	-308.27M
Purchase of Investments	-25.87M	-30.69M	-59.04M	-45.29M	-28.28M	-37.98M	-86.83M	-85.83M	-28.8M	-161.69M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-52.52M	-52.98M	-71.09M	-120.29M	-99.45M	-163.81M	-134.82M	-161.97M	-212.18M	-192.02M
Cash from Financing+	20.66M	69.09M	104.9M	120.12M	112.25M	123.23M	224.38M	197.67M	174.09M	227.17M
Dividends Paid	0	0	0	0	0	0	0	-2.15M	-3.72M	-4.85M
Share Repurchases	0	0	0	0	0	-567K	0	0	-286K	0
Stock Issued	9.76M	1K	26.34M	378K	0	0	0	0	0	505K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-10K	-10K	-93K	-189K	-3K	-37K	-1K	-2K	-2K	-2K
Other Financing	10.91M	69.1M	78.65M	120.31M	112.25M	123.83M	224.38M	199.82M	178.1M	231.52M
Net Change in Cash+	-38.74M	9.84M	84K	-12.52M	31.24M	3.38M	83.97M	14.97M	1.09M	-38.88M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	71.89M	33.15M	42.99M	43.08M	30.56M	61.81M	65.19M	149.16M	164.12M	165.21M
Cash at End	33.15M	42.99M	43.08M	30.56M	61.81M	65.19M	149.16M	164.12M	165.21M	126.33M
Interest Paid	458K	508K	535K	1.2M	2.55M	1.2M	828K	1.62M	8.13M	13.43M
Income Taxes Paid	95K	234K	2.63M	2.67M	5.15M	6.25M	5.96M	8.65M	17.59M	18M
Free Cash Flow+	1.48M	3.65M	3.79M	8.86M	14.25M	12.45M	27.14M	37.56M	39.4M	39.06M
FCF Growth %	5.36%	1.46%	0.04%	1.34%	0.61%	-0.13%	1.18%	0.38%	0.05%	-0.01%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.66%	5.55%	5.38%	9.92%	13.88%	10.64%	13.29%	18.89%	22.99%	20.04%
Return on Assets (ROA)	0.34%	0.73%	0.76%	1.46%	1.93%	1.45%	1.69%	2.22%	2.72%	2.49%
Net Interest Margin	3.4%	3.69%	3.72%	4.18%	4.27%	4%	3.71%	4.25%	5.18%	5.28%
Efficiency Ratio	79.06%	71.94%	67.28%	60.57%	51.44%	53.81%	53.49%	48.86%	43.67%	44%
Equity / Assets	14.02%	12.28%	15.63%	13.97%	13.92%	13.46%	12.19%	11.33%	12.28%	12.53%
Book Value / Share	9.82	10.4	13.36	12	14.27	16.49	18.09	19.51	23.79	27.94
NII Growth	-	30.54%	26.82%	39.7%	22.97%	9.76%	16.73%	35.79%	41.16%	19.29%
Dividend Payout	-	-	-	-	-	-	-	7.54%	9.07%	11.1%

Revenue by Segment

	2020	2021	2022
Customer related fees, service charges and other	-	-	2.89M
Customer related fees, service charges and other Growth	-	-	-
Payment processing income	-	20.04M	-
Payment processing income Growth	-	-	-
ACH income	-	816K	-
ACH income Growth	-	-	-
Other	-	434K	-
Other Growth	-	-	-
Administrative service income	-	29K	-
Administrative service income Growth	-	-	-
Credit Card Merchant Discount	14.1M	-	-
Credit Card Merchant Discount Growth	-	-	-
Deposit Account	548K	-	-
Deposit Account Growth	-	-	-

Frequently Asked Questions

Valuation & Price

Esquire Financial Holdings, Inc. (ESQ) has a price-to-earnings (P/E) ratio of 20.5x. This is roughly in line with market averages.

Growth & Financials

Esquire Financial Holdings, Inc. (ESQ) grew revenue by 13.7% over the past year. This is steady growth.

Yes, Esquire Financial Holdings, Inc. (ESQ) is profitable, generating $49.1M in net income for fiscal year 2024 (31.6% net margin).

Dividend & Returns

Yes, Esquire Financial Holdings, Inc. (ESQ) pays a dividend with a yield of 0.54%. This makes it attractive for income-focused investors.

Esquire Financial Holdings, Inc. (ESQ) has a return on equity (ROE) of 20.0%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Esquire Financial Holdings, Inc. (ESQ) has a net interest margin (NIM) of 5.3%. This indicates healthy earnings from lending activities.

Esquire Financial Holdings, Inc. (ESQ) has an efficiency ratio of 44.0%. This is excellent, indicating strong cost control.

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