Esquire Financial Q1 net interest income rises on higher average loan volumes

Esquire Financial Holdings

23/04/2026 13:48

Overview

US litigation-focused bank's Q1 net income rose 7% yr/yr despite higher noninterest expense

Q1 total revenue grew 19.8% yr/yr, driven by loan and deposit growth

Company raised quarterly dividend by 14%

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

LOAN AND DEPOSIT GROWTH - Co said Q1 revenue and net interest income were driven by higher average loan volumes, especially litigation-related commercial loans, and increased deposits from commercial and escrow accounts

MERGER AND COMPENSATION COSTS - Elevated noninterest expense in Q1 was attributed to merger-related costs and one-time charges from board member departures

PAYMENT PROCESSING PLATFORM - Noninterest income remained stable, supported by modest growth in payment processing volumes and continued investment in technology

Company press release: ID:nPnfTqWXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.40
Q1 Net Income
$12.21 mln
Q1 Net Interest Income
$34.004 mln
Q1 Loan Loss Allowance
$2.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Esquire Financial Holdings Inc is $125.00, about 13.7% above its April 22 closing price of $109.94

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)