Esquire Financial Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Aug 14, 2024
ESQ$131.84-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended June 30, · · Six Months Ended June 30, | |||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||
| Interest income: | | | | | | | | | | | |
| Loans held for investment | $24,216 | | $19,137 | | $47,605 | | $36,752 | ||||
| Securities, includes restricted stock | | 2,023 | | | 1,189 | | | 3,628 | | | 2,343 |
| Securities purchased under agreements to resell | | — | | | 715 | | | — | | | 1,368 |
| Interest earning cash and other | | 1,146 | | | 1,014 | | | 2,225 | | | 1,957 |
| Total interest income | | 27,385 | | | 22,055 | | | 53,458 | | | 42,420 |
| | | | | | | | | | | | |
| Interest expense: | | | | | | | | | | | |
| Savings, NOW and money market deposits | | 2,932 | | | 1,809 | | | 6,030 | | | 2,821 |
| Time deposits | | 130 | | | 156 | | | 241 | | | 219 |
| Borrowings | | 1 | | | 1 | | | 2 | | | 2 |
| Total interest expense | | 3,063 | | | 1,966 | | | 6,273 | | | 3,042 |
| | | | | | | | | | | | |
| Net interest income | | 24,322 | | | 20,089 | | | 47,185 | | | 39,378 |
| Provision for credit losses | | 1,000 | | | 1,325 | | | 2,000 | | | 1,825 |
| Net interest income after provision for credit losses | | 23,322 | | | 18,764 | | | 45,185 | | | 37,553 |
| | | | | | | | | | | | |
| Noninterest income: | | | | | | | | | | | |
| Payment processing fees | | 5,322 | | | 5,764 | | | 10,618 | | | 11,277 |
| Administrative service income | | 620 | | | 739 | | | 1,366 | | | 1,268 |
| Gain on equity investment | | — | | | — | | | — | | | 4,027 |
| Customer related fees, service charges and other | | 333 | | | 192 | | | 680 | | | 385 |
| Total noninterest income | | 6,275 | | | 6,695 | | | 12,664 | | | 16,957 |
| | | | | | | | | | | | |
| Noninterest expense: | | | | | | | | | | | |
| Employee compensation and benefits | | 9,525 | | | 7,803 | | | 18,686 | | | 15,287 |
| Occupancy and equipment | | 1,156 | | | 835 | | | 2,083 | | | 1,664 |
| Professional and consulting services | | 857 | | | 1,615 | | | 1,808 | | | 3,158 |
| FDIC and regulatory assessments | | 233 | | | 182 | | | 455 | | | 326 |
| Advertising and marketing | | 881 | | | 320 | | | 1,753 | | | 749 |
| Travel and business relations | | 180 | | | 246 | | | 458 | | | 394 |
| Data processing | | 1,722 | | | 1,249 | | | 3,233 | | | 2,382 |
| Other operating expenses | | 678 | | | 726 | | | 1,324 | | | 1,497 |
| Total noninterest expense | | 15,232 | | | 12,976 | | | 29,800 | | | 25,457 |
| | | | | | | | | | | | |
| Net income before income taxes | | 14,365 | | | 12,483 | | | 28,049 | | | 29,053 |
| Income tax expense | | 3,878 | | | 3,370 | | | 7,504 | | | 7,761 |
| | | | | | | | | | | | |
| Net income | $10,487 | | $9,113 | | $20,545 | | $21,292 | ||||
| | | | | | | | | | | | |
| Earnings per share | | | | | | | | | | | |
| Basic | $1.34 | | $1.18 | | $2.64 | | $2.76 | ||||
| Diluted | $1.25 | | $1.10 | | $2.45 | | $2.57 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.