Stock Analysis
- United States
- /
- Banks
- /
- NasdaqCM:ESQ
Esquire Financial Holdings First Quarter 2024 Earnings: EPS Beats Expectations
Esquire Financial Holdings (NASDAQ:ESQ) First Quarter 2024 Results
Key Financial Results
- 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.
- EPS: US$1.29 (down from US$1.58 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Esquire Financial Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 5.4% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Esquire Financial Holdings.
Valuation is complex, but we're helping make it simple.
Find out whether Esquire Financial Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:ESQ
Esquire Financial Holdings
Esquire Financial Holdings, Inc. operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States.
Flawless balance sheet and undervalued.