Esquire Financial Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 06:00 pm IST
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Esquire Financial Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 20.09 million compared to USD 13.67 million a year ago. Net income was USD 9.11 million compared to USD 6.35 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 0.78 a year ago.
For the six months, net interest income was USD 39.38 million compared to USD 25.46 million a year ago. Net income was USD 21.29 million compared to USD 11.69 million a year ago. Basic earnings per share from continuing operations was USD 2.76 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 1.43 a year ago.
Esquire Financial Holdings, Inc. is a financial holding company, which operates through its subsidiary, Esquire Bank, National Association (the Bank). The Bank is a full-service commercial bank dedicated to serving the financial needs of the legal and small business communities on a national basis, as well as commercial and retail customers in the New York metropolitan market. It offers tailored products and solutions to the legal community and their clients as well as dynamic and flexible payment processing solutions to small business owners, both on a national basis. The Bank also offers traditional banking products for businesses and consumers in its local market area. Its products offered to businesses and consumers include checking, savings, money market, and time deposits, a wide range of commercial and consumer loans, as well as customary banking services. The Bank operates a payment processing platform through third-party Independent Sales Organizations (ISOs).