$ESQ

Esquire Financial Holdings, Inc.

CIK:0001531031|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income:
Loans held for investment	$ 36,417	$ 28,762	$ 70,715	$ 55,572
Securities, includes restricted stock	3,046	3,127	6,224	6,169
Interest earning cash and other	1,838	1,647	3,395	3,308
Total interest income	41,301	33,536	80,334	65,049
Interest expense:
Savings, NOW and money market deposits	5,502	4,225	10,459	8,009
Time deposits	50	56	117	175
Borrowings	1	1	6	2
Total interest expense	5,553	4,282	10,582	8,186
Net interest income	35,748	29,254	69,752	56,863
Provision for credit losses	2,900	3,525	5,600	5,025
Net interest income after provision for credit losses	32,848	25,729	64,152	51,838
Noninterest income:
Payment processing fees	5,126	5,107	10,269	10,019
Administrative service income	1,092	643	2,229	1,523
Customer related fees, service charges and other	165	827	340	1,186
Total noninterest income	6,383	6,577	12,838	12,728
Noninterest expense:
Employee compensation and benefits	12,605	10,216	24,826	20,281
Occupancy and equipment	1,344	1,168	2,600	2,300
Professional and consulting services	1,038	1,291	2,011	2,555
FDIC and regulatory assessments	327	293	630	563
Advertising and marketing	1,004	811	2,002	1,662
Travel and business relations	271	303	577	609
Data processing	2,403	2,060	4,772	3,980
Merger expenses	1,070		2,342
Other operating expenses	1,043	920	2,002	1,860
Total noninterest expense	21,105	17,062	41,762	33,810
Net income before income taxes	18,126	15,244	35,228	30,756
Income tax expense	5,148	3,354	10,039	7,459
Net income	$ 12,978	$ 11,890	$ 25,189	$ 23,297
Earnings per share
Basic	$ 1.57	$ 1.48	$ 3.05	$ 2.91
Diluted	$ 1.49	$ 1.38	$ 2.89	$ 2.7

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 25,189	$ 23,297
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5,600	5,025
Depreciation and amortization of premises and equipment	741	524
Stock compensation expense	3,722	2,280
Gain on equity investment		(432)
Net amortization (accretion):
Securities	209	248
Loans	9	(53)
Right of use asset	371	373
Software	927	927
Changes in other assets and liabilities:
Accrued interest receivable	(932)	(967)
Other assets	(6,083)	(5,687)
Operating lease liability	(470)	(443)
Accrued expenses and other liabilities	4,744	1,205
Net cash provided by operating activities	34,027	26,297
Cash flows from investing activities:
Net change in loans	(148,751)	(117,467)
Purchases of securities available-for-sale	(29,710)	(31,069)
Principal repayments on securities available-for-sale	34,418	20,090
Principal repayments on securities held-to-maturity	4,048	4,140
Purchases of securities, restricted	(23)	(139)
Proceeds from equity investment		1,232
Purchase of equity investment		(700)
Purchases of premises and equipment	(342)	(2,316)
Development of capitalized software	(838)	(1,191)
Net cash used in investing activities	(141,198)	(127,420)
Cash flows from financing activities:
Net increase in deposits	116,686	140,092
Decrease in borrowings	(1)	(1)
Exercise of stock options, net of repurchases	262	480
Tax withholding payments for vested equity awards	(153)
Cash dividends paid to common stockholders	(3,327)	(2,804)
Net cash provided by financing activities	113,467	137,767
Increase (decrease) in cash and cash equivalents	6,296	36,644
Cash and cash equivalents at beginning of the period	235,887	126,329
Cash and cash equivalents at end of the period	242,183	162,973
Cash paid during the period for:
Interest	10,583	8,186
Taxes	8,320	9,976
Noncash transactions:
Dividends declared but not paid	$ 146	$ 159

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets:
Cash and cash equivalents	$ 242,183	$ 235,887
Securities available-for-sale, at fair value	240,146	246,505
Securities held-to-maturity, at cost (fair value of $51,111 and $55,500, at June 30, 2026 and December 31, 2025, respectively)	56,099	60,193
Securities, restricted, at cost	3,196	3,173
Loans held for investment	1,902,271	1,758,427
Less: allowance for credit losses	(24,724)	(24,022)
Loans, net of allowance	1,877,547	1,734,405
Premises and equipment, net	3,980	4,379
Accrued interest receivable	13,572	12,640
Other assets	74,295	68,479
Total assets	2,511,018	2,365,661
Deposits:
Demand	552,131	576,455
Savings, NOW and money market	1,621,790	1,480,380
Time	5,772	6,172
Total deposits	2,179,693	2,063,007
Accrued expenses and other liabilities	17,475	13,056
Total liabilities	2,197,168	2,076,063
Commitments and contingencies
Stockholders' equity:
Preferred stock, par value $0.01; authorized 2,000,000 shares; none issued
Common stock, par value $0.01; authorized 15,000,000 shares; 8,807,258 and 8,708,923 shares issued, respectively; and 8,649,400 and 8,552,405 shares outstanding, respectively	88	87
Additional paid-in capital	113,872	109,889
Retained earnings	219,503	197,787
Accumulated other comprehensive loss	(9,784)	(8,489)
Treasury stock at cost (157,858 and 156,518 shares, respectively)	(9,829)	(9,676)
Total stockholders' equity	313,850	289,598
Total liabilities and stockholders' equity	$ 2,511,018	$ 2,365,661