NASDAQ$ESQ

Esquire Financial Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Esquire Financial reached billion dollar asset milestone with record revenues and earnings.

Esquire Financial Holdings, Inc. reported a net income of $4.5 million, or $0.57 per diluted share, for the second quarter of 2021, compared to $2.5 million, or $0.33 per diluted share for the same period in 2020. Total revenue increased by 30% year over year, demonstrating strong growth in core commercial lending and payment processing verticals.

  • Net income increased to $4.5 million, or $0.57 per diluted share.
  • Industry leading returns on average assets and common equity of 1.84% and 13.76%, respectively.
  • Total assets increased to $1.1 billion.
  • Payment processing fee income totaled $5.4 million, an increase of 88% compared to 2020.

Headline financials

Total Revenue

$16.1M

Previous: $12.1M+33.0%
EPS (adj)

$0.57

Previous: $0.33+72.7%
Return on Avg. Assets

1.8%

Previous: 1.2%+53.3%
Net Interest Margin

4.5%

Previous: 4.5%+0.4%
Efficiency Ratio

56.5%

Previous: 55.9%+1.1%
Capital Expenditures

-$246K

Previous: -$328K+25.0%
Free Cash Flow

$4.26M

Previous: $2.21M+93.0%
Net Income

$4.5M

Previous: $2.53M+77.7%
Operating Income

$13.1M

Previous: $9.72M+35.1%
Gross Profit

$16.1M

Previous: $12.1M+33.0%
Cash & Equivalents

$146M

Previous: $114M+27.4%
Total Assets

$1.06B

Previous: $852M+24.2%

Revenue & EPS history

Esquire Financial · Revenue · Quarterly

$16.1M

Q2 2021+33%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company's investments in technology, digital marketing, and employees are expected to continue fueling growth in the future.

Tailwinds

  • Investments in technology
  • Investments in digital marketing
  • Investments in employees
  • Heightened brand recognition
  • Strong financial performance

Headwinds

  • Changes in business plans as circumstances warrant
  • Changes in general economic, business and political conditions
  • Changes in the financial markets
  • The demand for our products and services may decline
  • Cyber security risks are increased as the result of an increase in the number of employees working remotely.

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 Q2 2021

Historical avgQ2 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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