Esquire Financial reports Q1 EPS $1.33, consensus $1.31

Reports Q1 NII $27.61M, consensus $30.71M. Q1 net interest margin was 5.96% from 5.87% in previous quarter. “It is an honor to be recognized as a best-performing community bank by S&P Global Market Intelligence,” stated Tony Coelho, Chairman of the Board. “This recognition further validates our strategic vision in creating a client-centric and customized tech-enabled Company that is disruptive to our complex, fragmented, and significantly underserved national markets while generating consistent best-in-class performance and financial metrics for all stakeholders.” “When coupling our 2022 investment in senior regional business development officers (as well as our continuous investment in technology and customer experience) with the recent Fortress sourcing agreement and the anticipated opening of our Los Angeles private banking branch, we believe Esquire is well positioned for sustained growth in 2025 and beyond commensurate with prior years,” stated Andrew Sagliocca, CEO. “While short-term growth and performance metrics are valuable, it’s our long-term vision that will position Esquire for continued and sustained success in the future”.