Esquire Financial Q2 net income up 13% to $11.9 mln

Esquire Financial Holdings

24/07/2025 13:43

Overview

Esquire Financial Q2 net income rises 13% yr/yr to $11.9 mln

Revenue for Q2 grows 17% yr/yr, driven by deposit and loan growth

Company maintains solid credit metrics despite increased provisions

Outlook

Company highlights robust capital foundation supporting future growth

Company plans to open Los Angeles private banking office this summer

Result Drivers

DEPOSIT GROWTH - Strong growth in low-cost core deposits facilitated higher yielding commercial loan expansion

LOAN GROWTH - Significant increase in variable rate commercial loans from national litigation platform

CREDIT METRICS - Solid credit metrics maintained despite increased provisions for credit losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$1.38
Q2 Net Income
$11.89 mln
Q2 Net Interest Income
$29.25 mln
Q2 Pretax Profit
$15.24 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 $100.50, about 3.3% below its July 23 closing price of $103.77

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn29P0Dza

(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.)