NASDAQ$ESQ

Esquire Financial Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record returns driven by commercial loan growth and asset sensitive balance sheet

Esquire Financial Holdings, Inc. reported a strong third quarter in 2022, marked by a 21% increase in net income to $7.7 million, or $0.94 per diluted share, driven by commercial loan growth and an asset-sensitive balance sheet.

  • Net income increased 21% to $7.7 million, or $0.94 per diluted share, compared to the linked quarter.
  • Industry leading returns on average assets and equity of 2.48% and 20.60%, respectively, compared to the linked quarter.
  • Net interest margin was strong at 5.18%, primarily driven by a 61 basis point increase in loan yields on a linked quarter basis.
  • Deposits increased $32.0 million on a linked quarter basis, or 11% annualized, to $1.2 billion with a cost-of-funds of 0.15%.

Headline financials

Total Revenue

$22M

Previous: $16.2M+35.6%
EPS (adj)

$0.94

Previous: $0.63+49.2%
Return on Avg. Assets

2.5%

No prior period
Net Interest Margin

5.2%

Previous: 4.5%+15.1%
Efficiency Ratio

49.3%

Previous: 55.6%-11.3%
NPLs to Total Loans

0.7%

No prior period
Capital Expenditures

-$51K

Previous: -$942K+94.6%
Free Cash Flow

$7.66M

Previous: $1.58M+385.7%
Net Income

$7.71M

Previous: $2.52M+206.1%
Operating Income

$18.2M

Previous: $13.2M+38.3%
Gross Profit

$22M

Previous: $16.2M+35.6%
Cash & Equivalents

$182M

Previous: $138M+31.8%
Total Assets

$1.35B

Previous: $1.12B+20.0%

Revenue & EPS history

Esquire Financial · Revenue · Quarterly

$22M

Q3 2022+35.6%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Esquire Financial Holdings, Inc. did not provide specific forward guidance in the earnings report.

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 Q3 2022

Historical avgQ3 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