Esquire Financial Holdings (ESQ) AI Stock Analysis

• Market Cap: $909.63M
• Dividend Yield: 0.66%
• Average Volume (3M): 68.95K
• Price to Earnings (P/E): 16.5
• Beta (1Y): 0.65
• Revenue Growth: 17.98%
• EPS Growth: 14.35%
• Country: US
• Employees: 138
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.55
• Shares Outstanding: 8,636,809
• 10 Day Avg. Volume: 66,351
• 30 Day Avg. Volume: 68,950
• PEG Ratio: 1.57
• Price to Book (P/B): 3.07
• Price to Sales (P/S): 5.40
• P/FCF Ratio: 15.68
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 4.16
• Enterprise Value/Gross Profit: 4.89
• Enterprise Value/Ebitda: 9.59
• 1Y Price Target: $122.50
• Price Target Upside: 16.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 6.55
• Revenue Forecast (FY): $174.78M

• Rating: 75 Outperform
• Price Target: $124.00 ▲(17.74% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by strong financial performance (high profitability, improving cash generation, and minimal leverage). Offsetting factors include mixed near-term technical momentum and only moderate valuation support, while recent corporate actions (M&A announcement and dividend increase) add a positive secondary tailwind.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and product demand, supporting long-term business expansion and stability.

Debt-Free Balance Sheet

A debt-free balance sheet enhances financial stability and flexibility, allowing the company to invest in growth opportunities without financial strain.

Strategic Initiatives

Strategic initiatives like partnerships and expansion into new markets position the company for sustained growth and competitive advantage.

Negative Factors

Free Cash Flow Conversion

Limited free cash flow conversion may hinder the company's ability to reinvest in business operations and growth, affecting long-term financial health.

Equity Ratio

A relatively low equity ratio may limit future leverage opportunities, potentially constraining growth and financial maneuverability.

Absence of EBITDA

Lack of EBITDA data can obscure true operational performance, making it harder to assess profitability and efficiency over time.

Esquire Financial Holdings Business Overview & Revenue Model

Company Description

Esquire 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.

How the Company Makes Money

Esquire Financial Holdings primarily makes money through its banking subsidiary by generating net interest income and fee-based (noninterest) income. Net interest income is earned from the spread between interest collected on interest-earning assets—such as commercial and consumer loans and investment securities—and interest paid on funding sources such as deposits and other borrowings. A key driver of earnings is loan growth and the pricing/spread on its loan portfolio relative to its cost of deposits. The company also earns noninterest income from fees tied to banking and payments services, such as deposit account service charges, treasury/cash-management fees, and other payment-related or banking service fees. Like other banks, its profitability is influenced by credit performance (loan losses and provision expense), interest-rate conditions (which affect asset yields and deposit costs), funding mix (levels of low-cost deposits), and operating expenses. Specific material partnerships contributing to earnings: null.

Esquire Financial Holdings Financial Statement Overview

Summary

Strong fundamentals supported by meaningful multi-year revenue growth, consistently high profitability (net margins ~31% in 2024–2025), solid and improving operating/free cash flow, and a conservatively positioned balance sheet with essentially no debt. Key watch items are modest margin softening versus 2022–2023 peaks and some year-to-year variability in free-cash-flow growth.

Income Statement

Revenue has scaled meaningfully over the last several years (from $53.3M in 2020 to $164.5M in 2025), with continued growth in 2025 (+4.7%). Profitability is a clear strength: net margins remain very strong (about 31% in 2024–2025) and operating profitability is consistently high. A modest watch item is that margins have drifted down from the peak levels seen in 2022–2023, even as earnings continue to grow.

Balance Sheet

The balance sheet appears conservatively positioned with essentially no debt reported in recent years (debt-to-equity at 0.0). Equity has expanded steadily ($126.1M in 2020 to $289.6M in 2025) alongside asset growth ($936.7M to $2.37B), supporting scale-up without added leverage. Returns on equity are strong (mid-to-high teens recently), though they have eased from the 2023 high, indicating slightly less efficiency as the company has grown.

Cash Flow

Cash generation is solid and improving: operating cash flow rose to $59.8M in 2025 from $42.2M in 2024, and free cash flow grew strongly in 2025 (+22.0%). Free cash flow has generally tracked earnings well (roughly 0.90–1.00x net income across years), suggesting good earnings quality. The main weakness is variability in free-cash-flow growth year-to-year (including a small decline in 2024), which is typical but still a volatility factor.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	164.50M	138.27M	121.64M	85.92M	65.56M
Gross Profit	139.79M	120.12M	109.00M	80.78M	57.77M
EBITDA	71.28M	62.57M	58.42M	41.35M	24.94M
Net Income	50.85M	43.66M	41.01M	28.52M	17.93M
Balance Sheet
Total Assets	2.37B	1.89B	1.62B	1.40B	1.18B
Cash, Cash Equivalents and Short-Term Investments	482.39M	368.07M	287.32M	273.39M	297.54M
Total Debt	2.64M	0.00	0.00	0.00	0.00
Total Liabilities	2.08B	1.66B	1.42B	1.24B	1.04B
Stockholders Equity	289.60M	237.09M	198.56M	158.16M	143.74M
Cash Flow
Free Cash Flow	56.68M	39.06M	39.40M	37.56M	27.14M
Operating Cash Flow	59.84M	42.21M	42.40M	38.80M	30.08M
Investing Cash Flow	-362.09M	-308.27M	-215.40M	-221.50M	-170.49M
Financing Cash Flow	411.81M	227.17M	174.09M	197.67M	224.38M

Esquire Financial Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 105.32
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ESQ, the sentiment is Positive. The current price of 105.32 is above the 20-day moving average (MA) of 104.07, below the 50-day MA of 107.14, and above the 200-day MA of 100.63, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 49.78 is Neutral, neither overbought nor oversold. The STOCH value of 66.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ESQ.

Esquire Financial Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESQ	75 Outperform	$909.63M	16.46	18.78%	0.66%	17.98%	14.35%
UVSP	70 Outperform	$912.71M	10.37	9.82%	2.59%	4.49%	20.44%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CFFN	65 Neutral	$901.12M	10.81	6.53%	4.73%	6.27%	79.25%
NBN	65 Neutral	$851.14M	10.41	17.34%	0.04%	33.22%	38.44%
AMTB	56 Neutral	$817.49M	15.23	5.64%	1.79%	15.37%	―
SBSI	53 Neutral	$881.36M	10.81	8.53%	4.59%	-4.08%	-16.80%

Esquire Financial Holdings Corporate Events

Esquire Financial to Acquire Signature Bancorporation in Merger

On March 11, 2026, Esquire Financial Holdings agreed to acquire Signature Bancorporation in an all-stock transaction structured as a two-step corporate merger followed by a bank merger, unanimously approved by both companies’ boards. Signature shareholders will receive 2.63 Esquire shares per Signature share, subject to a collar between 2.50 and 2.80 based on the performance of certain loan sales, while Signature options will convert into Esquire options on adjusted terms.

The deal will add two Signature leaders, Michael O’Rourke and Leonard Caronia, to the boards of Esquire and Esquire Bank, and bring key Signature executives into senior operating roles in a branded division of Esquire Bank, enhancing management depth and preserving client relationships. The transaction remains subject to shareholder approvals, multiple banking and securities regulatory consents, Nasdaq listing of new Esquire shares, tax reorganization treatment, and other customary closing conditions, with voting and lock-up agreements from Signature insiders designed to support deal completion and manage post-closing share sales.

The most recent analyst rating on (ESQ) stock is a Buy with a $122.00 price target. To see the full list of analyst forecasts on Esquire Financial Holdings stock, see the ESQ Stock Forecast page.

Esquire Financial boosts quarterly dividend, signaling continued growth

On February 2, 2026, Esquire Financial Holdings, Inc. reported that its board had approved a 14% increase in the company’s regular quarterly dividend to $0.20 per share, a decision made on January 30, 2026, with the payout scheduled for March 2, 2026, to stockholders of record as of February 13, 2026. Management framed this fifth consecutive dividend increase since 2022 as a reflection of the company’s solid balance sheet, confidence in its long-term outlook, and ongoing commitment to delivering consistent value to shareholders, reinforcing its positioning as a growing niche player in banking services for the litigation sector and small businesses.

The most recent analyst rating on (ESQ) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on Esquire Financial Holdings stock, see the ESQ Stock Forecast page.

Esquire Financial director resigns, board size modestly reduced

On January 28, 2026, director Joseph Melohn resigned from all director and committee positions at Esquire Financial Holdings, Inc. and its affiliates, citing the need to focus on other professional and personal commitments, with the company emphasizing that his departure did not stem from any disagreement. Effective the same day, Esquire’s board of directors was reduced from ten to nine members, signaling a modest change in the company’s governance structure but no disclosed dispute or shift in strategic direction.

The most recent analyst rating on (ESQ) stock is a Buy with a $131.00 price target. To see the full list of analyst forecasts on Esquire Financial Holdings stock, see the ESQ Stock Forecast page.

Esquire Financial Posts Strong Q4 and 2025 Results

On January 22, 2026, Esquire Financial Holdings reported strong fourth-quarter and full-year 2025 results, highlighted by a 14.6% year-over-year increase in quarterly net income to $13.5 million and a 16.4% rise in full-year net income to $50.8 million, supported by resilient net interest margins above 6% and industry-leading returns on assets and equity despite higher provisions for credit losses and increased noninterest expenses. Fueled by robust national demand from commercial law firms and litigation-related clients, loans grew $361.4 million, or 25.9%, in 2025, while core commercial deposits rose 26.3% to $2.06 billion and off-balance-sheet sweep funds expanded by 33%, underpinning strong liquidity and capital ratios well above regulatory “well capitalized” thresholds; the bank also maintained solid credit quality, improved operating efficiency, expanded its geographic presence with a flagship Los Angeles branch opened in August 2025, and enhanced its industry positioning by being named to the Piper Sandler 2025 Bank & Thrift Sm-All Stars, reinforcing its standing as a top-performing small-cap bank for stakeholders.

The most recent analyst rating on (ESQ) stock is a Buy with a $123.00 price target. To see the full list of analyst forecasts on Esquire Financial Holdings stock, see the ESQ Stock Forecast page.