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Esquire Financial Holdings ( (ESQ) ) has shared an announcement.
Esquire Financial Holdings reported a successful year for 2024, with significant growth in commercial loans and deposits, achieving record earnings. The company’s net income rose by 7% for the full year to $43.7 million, driven by strong core deposit growth and higher yielding commercial loans. Esquire’s strategic focus on national commercial litigation lending and efficient asset-liability management contributed to industry-leading returns on assets and equity. However, the company has tempered its real estate lending in response to market conditions, opting for investments in short-duration agency mortgage-backed securities to maintain liquidity. The company was recognized on the 2024 Fortune 100 Fastest-Growing Companies list, highlighting its robust revenue and earnings growth.
More about Esquire Financial Holdings
Esquire Financial Holdings, Inc. is a financial holding company operating through Esquire Bank, National Association. The company focuses on providing financial services, primarily through commercial loans and deposit growth. It has a strong market presence nationally, particularly in commercial law firm loans and payment processing services.
YTD Price Performance: 12.60%
Average Trading Volume: 47,764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $731.8M
See more data about ESQ stock on TipRanks’ Stock Analysis page.
