Esquire Financial Holdings Inc

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

ESQ$131.84-1.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

(Dollars in thousands)


	Three Months Ended
	March 31,
· 2024 · 2023
Cash flows from operating activities:
Net income		$10,058	$12,179
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		1,000	500
Depreciation and amortization of premises and equipment		176	173
Stock compensation expense		967	790
Gain on equity investment		—	(4,027)
Net amortization (accretion):
Securities		88	113
Loans		(148)	(323)
Right of use asset		138	136
Software		431	311
Changes in other assets and liabilities:
Accrued interest receivable		(177)	(754)
Other assets		(1,829)	(273)
Operating lease liability		(173)	(134)
Accrued expenses and other liabilities		2,246	5,979
Net cash provided by operating activities		12,777	14,670
Cash flows from investing activities:
Net change in loans		(20,789)	(17,783)
Net change in securities purchased under agreements to resell		—	337
Purchases of securities available-for-sale		(24,973)	—
Principal repayments on securities available-for-sale		3,292	3,152
Principal repayments on securities held-to-maturity		1,736	1,425
Proceeds from sale of equity investment		—	3,737
Purchase of equity investment		(3,524)	—
Purchases of premises and equipment		(235)	(62)
Development of capitalized software		(691)	(785)
Net cash used in investing activities		(45,184)	(9,979)
Cash flows from financing activities:
Net increase in deposits		26,750	36,136
Exercise of stock options, net of repurchases		173	47
Tax withholding payments for vested equity awards		(299)	(153)
Cash dividends paid to common stockholders		(1,183)	(776)
Purchase of common stock		—	(268)
Net cash provided by financing activities		25,441	34,986
(Decrease) increase in cash and cash equivalents		(6,966)	39,677
Cash and cash equivalents at beginning of the period		165,209	164,122
Cash and cash equivalents at end of the period		$158,243	$203,799

Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest		$3,205	$1,059
Taxes		646	163
Noncash transactions:
Dividends declared but not paid		59	43
Exchange of noncash instruments		(300)	1,100
Cumulative change in accounting principle		—	(568)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.