Esquire Financial Holdings Achieves Record Earnings in 2024

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.