Announcement • May 04
Esquire Financial Holdings, Inc., Annual General Meeting, May 28, 2026 Esquire Financial Holdings, Inc., Annual General Meeting, May 28, 2026. Location: at the offices of esquire financial holdings, located at 100 jericho quadrangle, suite 100, new york 11753, jericho, United States Declared Dividend • May 04
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 15th May 2026 Payment date: 1st June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 22% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend for Common Stockholders, Payable on June 1, 2026 Esquire Financial Holdings, Inc. the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank"), announced its regular quarterly dividend of $0.20 per share of common stock, payable on June 1, 2026, to each
stockholder of record on May 15, 2026. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$1.48 (up from US$1.43 in 1Q 2025). Revenue: US$37.8m (up 17% from 1Q 2025). Net income: US$12.2m (up 7.0% from 1Q 2025). Profit margin: 32% (down from 35% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 08
Esquire Financial Holdings, Inc. to Report Q1, 2026 Results on Apr 23, 2026 Esquire Financial Holdings, Inc. announced that they will report Q1, 2026 results at 8:30 AM, Eastern Standard Time on Apr 23, 2026 Recent Insider Transactions • Mar 22
Independent Director recently sold US$242k worth of stock On the 19th of March, Richard Powers sold around 2k shares on-market at roughly US$105 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$7.6m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 21
Independent Director notifies of intention to sell stock Richard Powers intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of March. If the sale is conducted around the recent share price of US$105, it would amount to US$242k. Since March 2025, Richard's direct individual holding has increased from 59.00k shares to 60.54k. Company insiders have collectively sold US$6.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 16
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: US$6.30 (up from US$5.59 in FY 2024). Revenue: US$136.9m (up 14% from FY 2024). Net income: US$50.8m (up 16% from FY 2024). Profit margin: 37% (in line with FY 2024). Net interest margin (NIM): 6.02% (down from 6.06% in FY 2024). Cost-to-income ratio: 48.6% (down from 48.7% in FY 2024). Non-performing loans: 0.49% (down from 0.78% in FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 15
Consensus revenue estimates increase by 27%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$141.6m to US$179.4m. EPS estimate fell from US$6.38 to US$3.92. Net income forecast to shrink 25% next year vs 15% growth forecast for Banks industry in the US . Consensus price target of US$123 unchanged from last update. Share price rose 11% to US$110 over the past week. Announcement • Mar 13
Esquire Financial Holdings, Inc. Announces Executive Changes Following Acquisition of Signature Bancorporation, Inc Esquire Financial Holdings, Inc. and Signature Bancorporation, Inc. jointly announced that they had entered into a definitive merger agreement, pursuant to which Esquire will acquire Signature in an all-stock transaction. Each of the combined company's and bank's board of directors will consist of eleven directors, including nine directors from Esquire and two directors from Signature. Leonard S. Caronia, current Signature Chairman of the Board, will join Esquire's board of directors. Michael G. O'Rourke, current Signature Chief Executive Officer & President, will join Esquire's board of directors. Signature's top three executives have entered into new employment agreements and will oversee commercial business development opportunities and operations in the Chicago market. Michael G. O'Rourke, current Signature Chief Executive Officer & President and post-merger President of Signature, a division of Esquire Bank. Bryan D. Duncan, current Signature Executive Vice President and post-merger Executive Vice President of Signature, a division of Esquire Bank. Kevin Bastuga, current Signature Executive Vice President and post-merger Executive Vice President of Signature, a division of Esquire Bank. Announcement • Mar 12
Esquire Financial Holdings, Inc. (NasdaqCM:ESQ) signed a definitive agreement to acquire Signature Bancorporation, Inc. for approximately $340 million. Esquire Financial Holdings, Inc. (NasdaqCM:ESQ) signed a definitive agreement to acquire Signature Bancorporation, Inc. for approximately $340 million on March 11, 2026. Under the terms of the merger agreement, shareholders of Signature will receive a fixed exchange ratio of 2.63 shares of Esquire common stock for each share of Signature common stock. The per share value equates to $260.48 for Signature shareholders based on the closing price of Esquire common stock on March 11, 2026, or approximately $348.4 million in aggregate transaction value. In case of termination of transaction, seller will pay a termination fee of $15 million. Signature will be branded as Signature, a division of Esquire Bank.
Each of the combined company’s and bank’s board of directors will consist of eleven directors, including nine directors from Esquire and two directors from Signature. Leonard S. Caronia will join Esquire’s board of directors, Michael G. O’Rourke will join Esquire’s board of directors. As of period ending December 31, 2025, Signature Bancorporation, Inc. reported a total assets of $2 billion.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders, NASDAQ Listing. The Merger Agreement was unanimously approved by the board of directors of each of Esquire and Signature. The expected completion of the transaction is in the third quarter of 2026. Signature’s high-performing commercial bank with strong low-cost core commercial deposits diversifies Esquire’s balance sheet while contributing significant earnings with strong performance metrics, generating a mid to high-teens IRR for the deployment of Esquire’s excess capital in the merger. The transaction is approximately 11% accretive to Esquire’s Tangible Book Value. The transaction only assumes 5% cost savings as the value created in this merger is primarily driven by industry leading growth and performance metrics. Esquire remains well capitalized with no associated capital raise.
Piper Sandler & Co. acted as financial advisor for Esquire Financial Holdings, Inc. John J. Gorman and Marc Levy of Luse Gorman, P.C acted as legal advisor for Esquire Financial Holdings, Inc. Raymond James & Associates, Inc. acted as financial advisor for Signature Bancorporation, Inc. James W. Morrissey of Vedder Price P.C. acted as legal advisor for Signature Bancorporation, Inc. Declared Dividend • Feb 05
Fourth quarter dividend increased to US$0.20 Dividend of US$0.20 is 14% higher than last year. Ex-date: 13th February 2026 Payment date: 2nd March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 11%. Forecast payout ratio in 3 years: 11%. Announcement • Feb 03
Esquire Financial Holdings, Inc. Increases Quarterly Dividend, Payable on March 2, 2026 Esquire Financial Holdings, Inc. announced an increase to its regular quarterly dividend by 14% to $0.20 per share of common stock, payable on March 2, 2026, to each stockholder of record on February 13, 2026. Announcement • Jan 31
Esquire Financial Holdings, Inc. Announces Resignation of Joseph Melohn as Director and from Committee Positions, Effective January 28, 2026 Esquire Financial Holdings, Inc. announced that on January 28, 2026, Mr. Joseph Melohn resigned from his director and committee positions at Esquire Financial Holdings, Inc. and from all its affiliates in order to focus on his other professional and personal commitments, which resignation was effective on that date. Effective upon Mr. Melohn's resignation as a director, the size of the Company's Board of Directors was reduced from ten to nine directors. Reported Earnings • Jan 22
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: US$6.31 (up from US$5.59 in FY 2024). Revenue: US$136.9m (up 14% from FY 2024). Net income: US$50.8m (up 16% from FY 2024). Profit margin: 37% (in line with FY 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Jan 07
Vice Chairman exercised options to buy US$2.8m worth of stock. On the 5th of January, Andrew Sagliocca exercised 29.25k options at around US$12.50, then sold 3.52k of them at US$104 each and kept the remainder. Since March 2025, Andrew's direct individual holding has decreased from 281.42k shares to 264.92k. Company insiders have collectively sold US$8.5m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 03
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 14th November 2025 Payment date: 1st December 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 11%. Forecast payout ratio in 3 years: 11%. Announcement • Oct 31
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend, Payable on December 1, 2025 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.175 per share of common stock, payable on December 1, 2025, to each stockholder of record on November 14, 2025. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$1.74 (up from US$1.45 in 3Q 2024). Revenue: US$35.8m (up 16% from 3Q 2024). Net income: US$14.1m (up 24% from 3Q 2024). Profit margin: 39% (up from 37% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 28
Independent Director recently sold US$1.7m worth of stock On the 22nd of August, Selig Zises sold around 17k shares on-market at roughly US$99.71 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 15
Independent Chairman of the Board exercised options to buy US$1.9m worth of stock. On the 12th of August, Anthony Coelho exercised 22.23k options at around US$12.50, then sold 2.84k of them at US$97.88 each and kept the remainder. Since December 2024, Anthony has owned 76.95k shares directly. Company insiders have collectively sold US$5.6m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Aug 11
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 15 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.6%). Recent Insider Transactions • Aug 03
Independent Director recently sold US$477k worth of stock On the 31st of July, Selig Zises sold around 5k shares on-market at roughly US$95.38 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.4m more than they bought in the last 12 months. Price Target Changed • Jul 30
Price target increased by 9.5% to US$110 Up from US$101, the current price target is an average from 2 analysts. New target price is 14% above last closing price of US$96.14. Stock is up 56% over the past year. The company is forecast to post earnings per share of US$5.64 for next year compared to US$5.58 last year. Recent Insider Transactions Derivative • Jul 29
Independent Director exercised options to buy US$1.9m worth of stock. On the 25th of July, Robert Mitzman exercised options to buy 20k shares at a strike price of around US$12.50, costing a total of US$250k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since December 2024, Robert's direct individual holding has increased from 104.70k shares to 126.93k. Company insiders have collectively sold US$5.2m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jul 28
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 15th August 2025 Payment date: 2nd September 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: US$1.48 (up from US$1.35 in 2Q 2024). Revenue: US$32.3m (up 9.2% from 2Q 2024). Net income: US$11.9m (up 13% from 2Q 2024). Profit margin: 37% (up from 35% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend, Payable on September 2, 2025 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.175 per share of common stock, payable on September 2, 2025, to each stockholder of record on August 15, 2025. Announcement • May 01
Esquire Financial Holdings, Inc., Annual General Meeting, May 29, 2025 Esquire Financial Holdings, Inc., Annual General Meeting, May 29, 2025. Location: 100 jericho quadrangle, suite 100, new york 11753, jericho United States Recent Insider Transactions • Apr 30
Founder recently sold US$1.7m worth of stock On the 28th of April, Ari Kornhaber sold around 20k shares on-market at roughly US$83.51 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ari's only on-market trade for the last 12 months. Price Target Changed • Apr 29
Price target increased by 7.1% to US$95.00 Up from US$88.67, the current price target is an average from 2 analysts. New target price is 13% above last closing price of US$84.37. Stock is up 79% over the past year. The company is forecast to post earnings per share of US$5.56 for next year compared to US$5.58 last year. Declared Dividend • Apr 28
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 15th May 2025 Payment date: 2nd June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Reported Earnings • Apr 25
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$1.43 (up from US$1.29 in 1Q 2024). Revenue: US$32.3m (up 14% from 1Q 2024). Net income: US$11.4m (up 13% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend for Common Stockholders, Payable on June 2, 2025 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.175 per share of common stock, payable on June 2, 2025, to each stockholder of record on May 15, 2025. Recent Insider Transactions Derivative • Apr 24
Independent Director exercised options to buy US$1.9m worth of stock. On the 21st of April, Robert Mitzman exercised options to buy 22k shares at a strike price of around US$12.50, costing a total of US$278k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2024, Robert has owned 104.70k shares directly. Company insiders have collectively sold US$3.2m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 18
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$5.59 (up from US$5.32 in FY 2023). Revenue: US$120.1m (up 10% from FY 2023). Net income: US$43.7m (up 6.5% from FY 2023). Profit margin: 36% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 6.06% (down from 6.09% in FY 2023). Cost-to-income ratio: 48.7% (up from 48.5% in FY 2023). Non-performing loans: 0.78% (down from 0.91% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Recent Insider Transactions • Mar 06
Independent Director recently sold US$1.6m worth of stock On the 28th of February, Selig Zises sold around 20k shares on-market at roughly US$77.59 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.7m more than they bought in the last 12 months. Recent Insider Transactions • Feb 09
Independent Director recently sold US$124k worth of stock On the 6th of February, Richard Powers sold around 1k shares on-market at roughly US$86.99 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$614k. Insiders have been net sellers, collectively disposing of US$3.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 07
Independent Director notifies of intention to sell stock Richard Powers intends to sell 1k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of February. If the sale is conducted around the recent share price of US$86.30, it would amount to US$123k. Since March 2024, Richard's direct individual holding has increased from 58.88k shares to 60.42k. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 03
Fourth quarter dividend increased to US$0.17 Dividend of US$0.17 is 17% higher than last year. Ex-date: 14th February 2025 Payment date: 3rd March 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Payout Ratios Payout ratio: 11%. Forecast payout ratio in 3 years: 11%. Announcement • Jan 31
Esquire Financial Holdings, Inc. Increases Quarterly Dividend, Payable on March 3, 2025 Esquire Financial Holdings, Inc. announced an increase to its regular quarterly dividend by 17% to $0.175 per share of common stock, payable on March 3, 2025, to each stockholder of record on February 14, 2025. Major Estimate Revision • Jan 30
Consensus revenue estimates increase by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$111.3m to US$128.8m. EPS estimate unchanged at US$5.52. Net income forecast to grow 9.6% next year vs 10% growth forecast for Banks industry in the US. Consensus price target up from US$85.00 to US$88.67. Share price was steady at US$87.42 over the past week. Reported Earnings • Jan 23
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$5.59 (up from US$5.32 in FY 2023). Revenue: US$120.1m (up 10% from FY 2023). Net income: US$43.7m (up 6.5% from FY 2023). Profit margin: 36% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Jan 17
Vice Chairman exercised options to buy US$2.1m worth of stock. On the 15th of January, Andrew Sagliocca exercised 29.00k options at around US$12.50, then sold 4.35k of them at US$83.24 each and kept the remainder. Since March 2024, Andrew's direct individual holding has increased from 234.45k shares to 248.08k. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jan 10
Price target increased by 11% to US$85.00 Up from US$76.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$81.00. Stock is up 73% over the past year. The company is forecast to post earnings per share of US$5.16 for next year compared to US$5.31 last year. Recent Insider Transactions • Dec 20
Independent Director recently sold US$156k worth of stock On the 17th of December, Selig Zises sold around 2k shares on-market at roughly US$78.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$614k. Insiders have been net sellers, collectively disposing of US$2.9m more than they bought in the last 12 months. Price Target Changed • Dec 16
Price target increased by 8.1% to US$80.00 Up from US$74.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$78.76. Stock is up 64% over the past year. The company is forecast to post earnings per share of US$5.16 for next year compared to US$5.31 last year. Price Target Changed • Dec 04
Price target increased by 8.6% to US$77.50 Up from US$71.33, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$78.90. Stock is up 69% over the past year. The company is forecast to post earnings per share of US$5.16 for next year compared to US$5.31 last year. Recent Insider Transactions • Dec 01
Independent Director recently sold US$614k worth of stock On the 26th of November, Selig Zises sold around 8k shares on-market at roughly US$76.77 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 11
Vice Chairman exercised options to buy US$1.7m worth of stock. On the 6th of November, Andrew Sagliocca exercised 26.68k options at around US$12.50, then sold 4.51k of them at US$73.86 each and kept the remainder. Since December 2023, Andrew's direct individual holding has increased from 236.36k shares to 264.50k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 03
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th November 2024 Payment date: 2nd December 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (11% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 31
Esquire Financial Holdings, Inc. Announces Regular Quarterly Dividend, Payable on December 2, 2024 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.15 per share of common stock, payable on December 2, 2024, to each stockholder of record on November 15, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$1.45 (up from US$1.28 in 3Q 2023). Revenue: US$30.9m (up 14% from 3Q 2023). Net income: US$11.4m (up 16% from 3Q 2023). Profit margin: 37% (in line with 3Q 2023). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Recent Insider Transactions Derivative • Sep 25
Independent Director exercised options to buy US$582k worth of stock. On the 20th of September, Kevin Waterhouse exercised options to buy 9k shares at a strike price of around US$20.49, costing a total of US$188k. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. Since December 2023, Kevin has owned 139.41k shares directly. Company insiders have collectively sold US$2.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 01
Insider exercised options and sold US$99k worth of stock On the 26th of July, Ari Kornhaber exercised 10.00k options at around US$12.50, then sold 2k of the shares acquired at an average of US$59.30 per share and kept the remainder. Since December 2023, Ari's direct individual holding has decreased from 95.42k shares to 94.69k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jul 29
Price target increased by 8.7% to US$66.33 Up from US$61.00, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$59.30. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$5.13 for next year compared to US$5.31 last year. Declared Dividend • Jul 29
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 4.7% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.34 (up from US$1.18 in 2Q 2023). Revenue: US$29.6m (up 16% from 2Q 2023). Net income: US$10.5m (up 15% from 2Q 2023). Profit margin: 35% (in line with 2Q 2023). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 35% per year. Announcement • Jul 26
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend for Common Stockholders, Payable on September 3, 2024 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.15 per share of common stock, payable on September 3, 2024, to each stockholder of record on August 15, 2024. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$54.52, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Banks industry in the US. Total returns to shareholders of 143% over the past three years. Recent Insider Transactions • Jun 19
Independent Director recently sold US$115k worth of stock On the 17th of June, Selig Zises sold around 3k shares on-market at roughly US$45.89 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$715k. Insiders have been net sellers, collectively disposing of US$2.8m more than they bought in the last 12 months. Recent Insider Transactions • May 26
Independent Director recently sold US$715k worth of stock On the 23rd of May, Selig Zises sold around 15k shares on-market at roughly US$47.64 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$1.1m. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months. Declared Dividend • Apr 29
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 14th May 2024 Payment date: 3rd June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 4.6% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend for Common Stockholders, Payable on June 3, 2024 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.15 per share of common stock, payable on June 3, 2024, to each stockholder of record on May 15, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$1.29 (vs US$1.58 in 1Q 2023) First quarter 2024 results: EPS: US$1.29 (down from US$1.58 in 1Q 2023). Revenue: US$28.3m (down 2.8% from 1Q 2023). Net income: US$10.1m (down 17% from 1Q 2023). Profit margin: 36% (down from 42% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Apr 20
Esquire Financial Holdings, Inc., Annual General Meeting, May 30, 2024 Esquire Financial Holdings, Inc., Annual General Meeting, May 30, 2024, at 10:00 Eastern Daylight. Location: located at 100 Jericho Quadrangle, Suite 100 Jericho Quadrangle, Suite 100, Jericho, New York Jerciho New York United States Agenda: To consider the election of three directors to serve for a term of three years and the election of one director to serve for a term of one year; to the approval of the Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan; to the ratification of the appointment of Crowe LLP as our independent registered public accounting firm for the year ending December 31, 2024; and to discuss other matters. Reported Earnings • Mar 31
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$5.32 (up from US$3.73 in FY 2022). Revenue: US$109.0m (up 35% from FY 2022). Net income: US$41.0m (up 44% from FY 2022). Profit margin: 38% (up from 35% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 6.09% (up from 4.99% in FY 2022). Cost-to-income ratio: 46.8% (down from 49.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • Mar 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Mar 11
Independent Director recently sold US$1.1m worth of stock On the 5th of March, Selig Zises sold around 22k shares on-market at roughly US$49.83 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.15 per share at 1.2% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.3%). Declared Dividend • Feb 04
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (9% payout ratio) and is expected to be well covered in 3 years' time (11% forecast payout ratio). The dividend has increased by an average of 18% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 3.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 01
Esquire Financial Holdings, Inc. Increases Quarterly Dividend for Common Stockholders, Payable on March 1, 2024 Esquire Financial Holdings, Inc. announced an increase to its regular quarterly dividend by 20% to $0.15 per share of common stock, payable on March 1, 2024, to each stockholder of record on February 15, 2024. Price Target Changed • Jan 29
Price target increased by 7.4% to US$63.00 Up from US$58.67, the current price target is an average from 3 analysts. New target price is 16% above last closing price of US$54.21. Stock is up 21% over the past year. The company is forecast to post earnings per share of US$4.91 for next year compared to US$5.31 last year. Reported Earnings • Jan 26
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$5.32 (up from US$3.73 in FY 2022). Revenue: US$109.0m (up 35% from FY 2022). Net income: US$41.0m (up 44% from FY 2022). Profit margin: 38% (up from 35% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 5.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 17
Price target increased by 7.6% to US$58.67 Up from US$54.50, the current price target is an average from 3 analysts. New target price is 23% above last closing price of US$47.62. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$4.91 for next year compared to US$3.73 last year. Announcement • Jan 05
Esquire Financial Holdings, Inc. and Esquire Bank, National Association Appoint Rena Nigam as Board Member Esquire Financial Holdings, Inc. "), the financial holding company for Esquire Bank, National Association (the Bank) announced that Rena Nigam was appointed to the Boards of Directors of both the Company and the Bank, effective January 3, 2024. Ms. Nigam has 25 years of experience in high growth global ventures as an executive, entrepreneur, and investor across publicly traded and private companies. She started her career with an international bank's payment division and then shifted to a financial services focused technology company. In 2011, she co-founded a company focused on digital payments and lending products in the technology space. In 2018, she was president of a digital transformation company. Ms. Nigam is currently Founder and Chief Executive Officer of Meytier – a company that utilizes AI to enable and assist in the talent assessment and hiring process of potential employment candidates for over 60 companies across multiple sectors. Recent Insider Transactions • Nov 15
Independent Director recently sold US$325k worth of stock On the 9th of November, Selig Zises sold around 7k shares on-market at roughly US$46.48 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.9m more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.13 per share at 1.1% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (3.8%). Announcement • Oct 27
Esquire Financial Holdings, Inc. Declares Regular Quarterly Dividend, Payable on December 1, 2023 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.125 per share of common stock, payable on December 1, 2023, to each stockholder of record on November 15, 2023. Reported Earnings • Oct 23
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$1.28 (up from US$1.01 in 3Q 2022). Revenue: US$27.1m (up 27% from 3Q 2022). Net income: US$9.84m (up 28% from 3Q 2022). Profit margin: 36% (in line with 3Q 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 38% per year. Recent Insider Transactions • Sep 15
Independent Director recently sold US$237k worth of stock On the 12th of September, Selig Zises sold around 5k shares on-market at roughly US$47.42 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$239k. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Announcement • Sep 07
Esquire Financial Holdings, Inc. Announces Appointment of Gary Lax as Its Senior Vice President, Chief Legal Officer, and Corporate Secretary Esquire Financial Holdings, Inc. announced the hiring of Gary Lax as its Senior Vice President, Chief Legal Officer, and Corporate Secretary. Mr. Lax has more than 35 years of financial services experience and was most recently a partner at Luse Gorman, PC, specializing in regulatory enforcement, transaction law, and capital planning as well as numerous other legal, regulatory, and business matters. Mr. Lax also served on the faculty of the Federal Financial Institutions Examination Council for more than 10 years and started his legal career as an attorney with the Office of the Comptroller of the Currency in Washington, D.C. Recent Insider Transactions • Aug 24
Independent Director recently sold US$239k worth of stock On the 21st of August, Selig Zises sold around 5k shares on-market at roughly US$47.76 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.9m more than they bought in the last 12 months. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.13 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Announcement • Jul 28
Esquire Financial Holdings, Inc. Declares Quarterly Cash Dividend, Payable on September 1, 2023 Esquire Financial Holdings, Inc. announced its regular quarterly dividend of $0.125 per share of common stock, payable on September 1, 2023, to each stockholder of record on August 15, 2023. Reported Earnings • Jul 25
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: US$1.18 (up from US$0.83 in 2Q 2022). Revenue: US$25.5m (up 34% from 2Q 2022). Net income: US$9.11m (up 44% from 2Q 2022). Profit margin: 36% (up from 33% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is expected to decline by 7.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
Esquire Financial Holdings, Inc. Announces Executive Appointments Esquire Financial Holdings, Inc. announced that it has enhanced its litigation vertical in key regions nationwide through the hiring of six Managing Directors and senior business development officers with the direct assistance of Korn Ferry, a premier global executive search firm. These BDOs have decades of experience servicing the litigation market and deep industry connections to support Esquire's continued expansion. The following senior BDOs will directly support each of Esquire's newly defined regions: · Kevin Donahue – Southern Regio, · Raul Guisado – West Coast Regi, · Jennifer Janof – Mid-Atlantic Regio. · Gina Mallicoat – Southwest Region, · Eric Thompson – North Region, · Joshua Vause – Southeast Region. Recent Insider Transactions • May 25
Independent Director recently sold US$846k worth of stock On the 22nd of May, Selig Zises sold around 20k shares on-market at roughly US$42.30 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months. 