Esquire Financial Holdings Full Year 2024 Earnings: In Line With Expectations

Esquire Financial Holdings (NASDAQ:ESQ) Full Year 2024 Results

Key Financial Results

• 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.
• EPS: US$5.59 (up from US$5.32 in FY 2023).

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

ESQ Banking Performance Indicators

• 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).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Esquire Financial Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, 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.

Performance of the American Banks industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Esquire Financial Holdings that we have uncovered.

Have 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.