NASDAQ$ESQ

Esquire Financial Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record earnings and returns driven by strong balance sheet and revenue growth.

Esquire Financial Holdings, Inc. reported a net income increase of 19% to $6.4 million, or $0.78 per diluted share, for the second quarter of 2022, driven by growth in average interest earning assets and increases in the average yields on interest earning assets.

  • Net income increased 19% to $6.4 million, or $0.78 per diluted share, compared to the linked quarter.
  • Industry leading returns on average assets and equity of 2.00% and 17.81%, respectively, compared to the linked quarter.
  • Loan portfolio increased $41.3 million, or 20% annualized, to $859.3 million on a linked quarter basis.
  • Deposits increased $65.6 million on a linked quarter basis, or 24% annualized, to $1.2 billion with a cost-of-funds of 0.10%.

Headline financials

Total Revenue

$19.9M

Previous: $16.1M+23.2%
EPS (adj)

$0.78

Previous: $0.57+36.8%
Return on Avg. Assets

2.0%

Previous: 1.8%+8.7%
Net Interest Margin

4.5%

Previous: 4.5%-0.7%
Efficiency Ratio

52.3%

Previous: 56.5%-7.4%
Capital Expenditures

-$35K

Previous: -$246K+85.8%
Free Cash Flow

$6.32M

Previous: $4.26M+48.4%
Net Income

$6.35M

Previous: $4.5M+41.1%
Operating Income

$16.4M

Previous: $13.1M+24.9%
Gross Profit

$19.9M

Previous: $16.1M+23.2%
Cash & Equivalents

$155M

Previous: $146M+6.5%
Total Assets

$1.31B

Previous: $1.06B+23.8%

Revenue & EPS history

Esquire Financial · Revenue · Quarterly

$19.9M

Q2 2022+23.2%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Esquire will continue to create value beyond our financial sector peer group by coupling our industry leading returns with two significant national markets primed for disruption.

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 2022

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro