Esquire Financial reports Q2 EPS $1.38, consensus $1.38

Reports Q2 revenue $35.8M, consensus $28.26M. Q2 net interest margin expanded to 6.03%, a 7 basis point increase on a linked quarter basis. Common equity tier 1 and tangible common equity to tangible asset ratios were 14.89% and 12.79%, respectively, in Q2. “Despite our elevated charge-offs and provisioning on a previously criticized and isolated commercial loan to one of our merchant clients, Esquire continues to generate significant capital from earnings as well as industry leading growth and performance metrics in the current quarter,” stated CEO Andrew Sagliocca. “Our investments in technology, tailored digital marketing, and key hires across the Company have been key to continuously expanding our national footprint, culminating in the near term opening of our Los Angeles private client office and service center.”