Esquire Financial Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 08:30 am EDT
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Esquire Financial Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 21.73 million compared to USD 15.55 million a year ago. Net income was USD 9.84 million compared to USD 7.71 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 0.94 a year ago.
For the nine months, net interest income was USD 61.1 million compared to USD 41.01 million a year ago. Net income was USD 31.13 million compared to USD 19.4 million a year ago. Basic earnings per share from continuing operations was USD 4.04 compared to USD 2.54 a year ago. Diluted earnings per share from continuing operations was USD 3.74 compared to USD 2.37 a year ago.
Esquire Financial Holdings, Inc. is a financial holding company, which operates through its subsidiary, Esquire Bank, National Association (the Bank). The Bank is a full-service commercial bank dedicated to serving the financial needs of the legal and small business communities on a national basis, as well as commercial and retail customers in the New York metropolitan market. It offers tailored products and solutions to the legal community and their clients as well as dynamic and flexible payment processing solutions to small business owners, both on a national basis. The Bank also offers traditional banking products for businesses and consumers in its local market area. Its products offered to businesses and consumers include checking, savings, money market, and time deposits, a wide range of commercial and consumer loans, as well as customary banking services. The Bank operates a payment processing platform through third-party Independent Sales Organizations (ISOs).