NASDAQ$ESQ

Esquire Financial Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong first quarter results driven by loan, deposit, and payment processing growth, leading to record revenue and earnings.

Esquire Financial Holdings, Inc. reported a net income of $4.2 million, or $0.53 per diluted share, for the quarter ended March 31, 2021. The company experienced growth in loans, deposits, and payment processing, contributing to record revenue and earnings. Returns on average assets and common equity were 1.81% and 13.30%, respectively.

  • Net income increased to $4.2 million, or $0.53 per diluted share.
  • Industry leading returns on average assets and common equity of 1.81% and 13.30%, respectively, while maintaining a strong net interest margin of 4.50%.
  • Loans increased $112.5 million, or 19%, from the first quarter of 2020 primarily due to growth in commercial and multifamily loan portfolios.
  • Payment processing fee income increased $2.4 million, or 81.7%, to $5.4 million compared to the same period in 2020.

Headline financials

Total Revenue

$15.5M

Previous: $12.3M+26.2%
EPS (adj)

$0.53

Previous: $0.33+60.6%
Return on Avg. Assets

1.8%

No prior period
Net Interest Margin

4.5%

Previous: 4.7%-4.5%
Efficiency Ratio

52.8%

Previous: 55.8%-5.4%
Capital Expenditures

-$83K

Previous: -$217K+61.8%
Free Cash Flow

$4.09M

Previous: $2.38M+71.9%
Net Income

$4.17M

Previous: $2.6M+60.7%
Operating Income

$12.6M

Previous: $9.42M+34.0%
Gross Profit

$15.5M

Previous: $12.3M+26.2%
Cash & Equivalents

$87.9M

Previous: $70.4M+24.9%
Total Assets

$998M

Previous: $821M+21.5%

Revenue & EPS history

Esquire Financial · Revenue · Quarterly

$15.5M

Q1 2021+26.2%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

We believe that our presence at industry events, including state and national trial associations, should commence in 2021 as vaccination levels increase in the United States and state mandated closures begin to relax. Coupling this with our digital assets and marketing efforts should continue to positively affect our growth in both our litigation and payment processing verticals in the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.1%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+4.8%

Avg return

30 days after

71%

29 / 41 earnings

Positive

+11.5%

Q4 2017

Best reaction

-3.4%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%-2.9%+0.7%
Q4 2025+0.8%-0.3%-2.0%
Q3 2025+1.1%-2.3%-1.4%
Q2 2025-1.3%-3.1%-1.8%
Q1 2025+2.6%+4.7%+8.7%
Q4 2024-3.2%-3.6%-11.3%
Q3 2024+2.8%+7.3%+21.8%
Q2 2024+3.6%+4.4%+7.0%
Q1 2024+4.6%+0.2%+0.3%
Q4 2023+6.9%+9.1%+1.2%
Q3 2023+2.0%+5.3%+4.5%
Q2 2023+3.6%+1.1%-4.8%
Q1 2023+2.8%+4.3%+14.8%
Q4 2022+6.6%+8.3%+10.3%
Q3 2022+7.7%+10.8%+15.3%
Q2 2022+8.4%+5.6%+13.2%
Q1 2022-2.9%-3.8%-2.9%
Q4 2021+4.4%+2.5%+4.3%
Q3 2021-1.0%+0.1%+9.7%
Q2 2021+2.7%+1.6%+8.9%
Q1 2021-0.5%-0.7%+5.2%
Q4 2020-0.4%-12.0%-9.3%
Q3 2020+1.8%-8.1%+8.9%
Q2 2020-1.5%-3.1%+3.5%
Q1 2020+4.5%+12.8%+14.1%
Q4 2019-2.4%-1.0%+1.0%
Q3 2019+4.7%+6.4%+6.2%
Q2 2019+3.5%+7.2%-4.8%
Q1 2019+6.0%+12.5%+2.1%
Q4 2018-3.1%-0.9%+7.4%
Q3 2018+4.4%+3.8%+11.2%
Q2 2018+0.0%-4.1%+1.9%
Q1 2017-0.1%-0.6%+9.3%
Q1 2018-2.7%-2.5%+0.5%
Q4 2016+2.2%+0.9%-1.0%
Q4 2015+2.2%+0.9%-1.0%
Q4 2017+11.5%+18.2%+19.2%
Q3 2016+1.0%+1.5%+18.1%
Q3 2017+2.3%+2.9%+11.5%
Q2 2016-3.4%-0.5%-6.6%
Q2 2017+1.4%+1.7%+3.8%
Q1 2016
Q3 2015
Q2 2015
Q1 2015

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