Business
ESQUIRE FINANCIAL HOLDINGS, INC. REPORTS THIRD QUARTER 2025 RESULTS
Strong Commercial Loan & Deposit Growth Drives Resilient Net Interest Margin & Record Earnings JERICHO, N.Y., Oct. 23, 2025 /PRNewswire/ -- Esquire Financial
About this update from Esquire Financial Holdings, Inc.
[{"type":"text","content":"\n \n Strong Commercial Loan & Deposit Growth Drives Resilient Net Interest Margin & Record Earnings\n \n \n \n JERICHO, N.Y., Oct. 23, 2025 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the \"Company\"), the financial holding company for Esquire Bank, National Association (\"Esquire Bank\" or the \"Bank\"), (collectively \"Esquire\") today announced its operating results for the third quarter of 2025. Significant achievements and key performance metrics during the current quarter and year-to-date of 2025 include:\n \n Net income increased $2.7 million or 23.7% to $14.1 million, or $1.62 per diluted share, in the current quarter as compared to $11.4 million, or $1.34 per diluted share, for the comparable quarter in 2024. On a linked quarter basis, net income increased $2.2 million or 18.2% when compared to $11.9 million, or $1.38 per diluted share. For the current quarter, adjusted(1) net income and diluted earnings per share were $12.8 million and $1.47, respectively, excluding certain discrete tax benefits related to share-based compensation, reducing income taxes by approximately $1.3 million and lowering the effective tax rate to 19.5%.\n Consistent industry leading returns on average assets and equity of 2.61% and 20.83%, respectively, notwithstanding our continued investment in current resources (both people and technology) to support future growth while also maintaining excess capital levels with an equity to asset ratio of 12.8%. For the current quarter, adjusted(1) returns on average assets and equity of 2.37% and 18.89%, respectively, excluding certain discrete tax benefits noted above.\n Resilient net interest margin of 6.04% in the current quarter supported by our national litigation platform growth, despite both elevated levels of average interest earning cash balances totaling $189.4 million (generated from average core deposits growth totaling $103.1 million, or 23.4% annualized, on a linked quarter basis), and declines in short-term market interest rates from their highs in the latter part of 2023. Total year-to-date revenue increased $15.4 million, or 16.8%, to $107.2 million when comparing 2025 to 2024.\n Continued strong core deposit growth totaling $97.1 million, or 22% annualized, on a linked quarter basis to $1.87 billion, comprised of low-cost commercial relationship deposits with a cost-...