NASDAQ$ESQ

Esquire Financial Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong growth and asset sensitive balance sheet well positioned for rising rates.

Esquire Financial Holdings, Inc. reported a net income of $5.3 million, or $0.66 per diluted share, for the first quarter of 2022. The company's returns on average assets and equity were 1.92% and 15.06%, respectively. The loan portfolio increased to $818.0 million, and deposits increased to $1.1 billion.

  • Net income of $5.3 million, or $0.66 per diluted share.
  • Returns on average assets and equity of 1.92% and 15.06%, respectively.
  • Industry leading net interest margin of 4.43% anchored by variable rate commercial loans and low-cost core deposits.
  • Loan portfolio increased $33.5 million, or 17% annualized, to $818.0 million.

Headline financials

Total Revenue

$17.3M

Previous: $15.5M+11.4%
EPS (adj)

$0.66

Previous: $0.53+24.5%
Net Interest Margin

4.4%

Previous: 4.5%-1.6%
Efficiency Ratio

54.3%

Previous: 52.8%+2.8%
CET1 Capital Ratio

14.6%

No prior period
Tier 1 Leverage Ratio

11.6%

No prior period
Tier 1 Capital Ratio

14.6%

No prior period
Total Capital Ratio

15.6%

No prior period
Capital Expenditures

-$11K

Previous: -$83K+86.7%
Free Cash Flow

$5.33M

Previous: $4.09M+30.3%
Net Income

$5.34M

Previous: $4.17M+28.0%
Operating Income

$14.4M

Previous: $12.6M+13.8%
Gross Profit

$17.3M

Previous: $15.5M+11.4%
Cash & Equivalents

$149M

Previous: $87.9M+69.5%
Total Assets

$1.24B

Previous: $998M+24.5%

Revenue & EPS history

Esquire Financial · Revenue · Quarterly

$17.3M

Q1 2022+11.4%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Esquire Financial Holdings, Inc. believes it is ripe for growth in the litigation and payment markets due to limited players and a fragmented approach. The company plans to continue serving its markets, shareholders, and team members with value creation beyond its financial sector peer group.

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 2022

Historical avgQ1 2022

+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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