Esquire Financial Holdings, Inc.
- Open
- 123.68
- Day high
- 124.29
- Day low
- 121.90
- Prev close
- 123.26
- Volume
- 155K
- Mkt cap
- $1.1B
- P/E (TTM)
- 19.7
- EPS (TTM)
- $6.25
- P/B
- 3.5
- P/S
- 6.2
- Yield
- 0.61%
- Per share
- $0.75
Esquire Financial Holdings, Inc. (ESQ) is a Financial Services company listed on NASDAQ. The stock is up 22% over the past year.
Esquire Financial Holdings, Inc. (ESQ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ESQ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.52 | $1.58 | +3.9% | $40M | +2.3% |
| Mar 13, 2026 | — | $1.55 | — | $44M | — |
| Oct 23, 2025 | $1.46 | $1.47 | +0.7% | $38M | +22.7% |
| Jul 24, 2025 | $1.38 | $1.38 | +0.0% | $36M | +18.3% |
| Apr 24, 2025 | $1.30 | $1.33 | +2.3% | $34M | +9.9% |
| Mar 17, 2025 | — | $1.38 | — | $37M | — |
| Oct 24, 2024 | $1.31 | $1.34 | +2.3% | $32M | +17.1% |
| Jul 25, 2024 | $1.19 | $1.25 | +5.0% | $31M | +30.1% |
| Apr 25, 2024 | $1.17 | $1.20 | +2.6% | $29M | +17.9% |
| Mar 29, 2024 | — | $1.18 | — | $32M | — |
| Jul 25, 2023 | $1.05 | $1.10 | +4.8% | $27M | +39.6% |
| Jul 25, 2022 | $0.71 | $0.78 | +9.9% | $20M | +10.9% |
ESQ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Mar 20, 2026 | ZISES SELIGdirector | Sell | 1,000 | $107.26 |
| Mar 20, 2026 | ZISES SELIGdirector | Sell | 8,500 | $107.00 |
| Mar 20, 2026 | ZISES SELIGdirector | Sell | 2,000 | $105.53 |
| Mar 20, 2026 | ZISES SELIGdirector | Sell | 3,000 | $107.25 |
| Mar 20, 2026 | ZISES SELIGdirector | Sell | 1,500 | $105.11 |
| Mar 20, 2026 | Powers Richard Tdirector | Sell | 2,308 | $104.83 |
| Feb 2, 2026 | Sagliocca Andrew Cdirector, officer: Vice Chairman, President & CEO | Grant | 8,148 | — |
| Feb 2, 2026 | Bader Eric Sofficer: EVP and COO | Grant | 3,492 | — |
| Feb 2, 2026 | Kornhaber Ari Pofficer: EVP and Head of Corp Dev | Grant | 5,122 | — |
| Feb 2, 2026 | Lacapria Michaelofficer: SVP & Chief Financial Officer | Grant | 1,164 | — |
| Jan 6, 2026 | Kornhaber Ari Pofficer: EVP and Head of Corp Dev | Option | 7,500 | $12.50 |
| Jan 6, 2026 | Powers Richard Tdirector | Tax | 359 | $103.79 |
| Jan 6, 2026 | Powers Richard Tdirector | Option | 1,500 | $24.90 |
| Jan 6, 2026 | Kornhaber Ari Pofficer: EVP and Head of Corp Dev | Tax | 2,242 | $103.79 |
| Jan 6, 2026 | Bader Eric Sofficer: EVP and COO | Tax | 1,701 | $103.79 |
Source: ESQ SEC Form 4 filings, latest Mar 20, 2026. For informational purposes only — not investment advice.
See the full ESQ insider & 13F page →Esquire Financial Holdings, Inc. company profile
Overview
Esquire Financial Holdings, Inc. (NASDAQ:ESQ) is a specialized bank holding company founded in 2006 and headquartered in Jericho, New York. The company operates through its subsidiary, Esquire Bank, National Association, which has carved out a unique niche serving the legal industry alongside traditional small business and retail banking customers. Since going public in 2017, Esquire has grown from a community bank concept into a specialized financial institution with approximately $1.9 billion in total assets as of 2024.
Business
Esquire Financial operates as a specialized commercial bank with a distinctive focus on serving law firms, attorneys, and legal industry professionals, while also providing traditional banking services to small businesses and retail customers. The banking industry involves accepting deposits from customers and lending those funds to borrowers, earning profit from the interest rate spread between what banks pay depositors and what they charge borrowers. The company's core banking products include standard deposit accounts such as checking, savings, money market accounts, and certificates of deposit. On the lending side, Esquire offers several specialized loan categories that differentiate it from traditional community banks. These include commercial loans for business operations, commercial lines of credit, and notably, consumer loans that focus on post-settlement financing to plaintiffs and claimants in legal cases. This means the bank provides loans to individuals who have won legal settlements but need immediate access to funds before the settlement is fully paid out. Esquire also provides real estate lending including multifamily properties, single-family residential mortgages, commercial real estate loans, and construction financing. Additionally, the bank offers merchant services, which involves processing credit card and electronic payments for businesses. The company operates primarily through one full-service branch in Jericho, New York, and maintains an administrative office in Boca Raton, Florida, though much of its business is conducted through digital channels and specialized relationship banking. The legal industry focus represents a significant portion of Esquire's business model, as law firms have unique banking needs including trust account management, escrow services, and specialized lending products that traditional banks often avoid due to regulatory complexity.
Revenue model
Esquire Financial generates revenue through traditional banking mechanisms, primarily the net interest margin between what it pays depositors and what it charges borrowers. The bank collects deposits from customers at relatively low interest rates and lends those funds at higher rates to qualified borrowers, capturing the spread as net interest income. Based on recent financial performance, the company generates approximately $110-115 million in annual revenue. The company's specialized focus on the legal industry creates several revenue advantages. Law firms typically maintain large cash balances in trust accounts and operating accounts, providing stable, low-cost funding sources. The bank's post-settlement lending products command higher interest rates than traditional loans due to their specialized nature and the creditworthiness backed by legal settlements. Merchant services provide fee-based income from payment processing, while traditional commercial and real estate lending rounds out the revenue mix. Several factors can impact Esquire's profitability margins. Interest rate environments significantly affect net interest margins - rising rates generally benefit banks by allowing them to charge more for loans while deposit costs may lag. The health of the legal industry directly impacts loan demand and deposit levels, as economic downturns can reduce litigation activity and law firm profitability. Competition from larger banks or fintech companies targeting the legal sector could pressure margins, while regulatory changes affecting the legal industry or banking sector could impact operating costs. The company's concentrated geographic presence in New York also creates exposure to regional economic conditions, though its specialized national legal industry focus provides some diversification.
Competitive moat
Esquire Financial's competitive moat stems from its specialized expertise and relationships within the legal industry, which creates meaningful barriers to entry for traditional banks. The legal sector has unique regulatory requirements, compliance needs, and risk profiles that most banks prefer to avoid due to complexity. Esquire's deep understanding of legal industry cash flows, trust account regulations, and post-settlement financing creates institutional knowledge that would be difficult for competitors to replicate quickly. The company's established relationships with law firms, legal professionals, and settlement companies provide switching costs and network effects. Legal professionals often prefer working with banks that understand their specific needs, such as IOLTA (Interest on Lawyers' Trust Accounts) compliance, escrow management, and the timing of settlement payments. This specialization allows Esquire to command premium pricing for certain services while maintaining customer loyalty. However, the moat has limitations. The legal industry focus creates concentration risk, and larger banks with greater resources could potentially enter this niche if they determine it's sufficiently profitable. Fintech companies are increasingly targeting specialized professional service sectors, potentially offering more convenient digital solutions. Additionally, regulatory changes affecting either the banking or legal industries could erode some of Esquire's specialized advantages. The company's relatively small size compared to major regional banks also limits its ability to compete on price or comprehensive service offerings for larger law firms that might prefer the stability and resources of larger institutions.
Risks & safety
Esquire Financial demonstrates solid financial stability with manageable risk levels, though typical banking sector considerations apply. • **Liquidity and Solvency**: Strong cash position with $126 million in cash and short-term investments as of Q4 2024, representing about 7% of total assets. Zero debt-to-equity ratio indicates minimal leverage risk beyond normal banking operations. • **Profitability Metrics**: Healthy return on equity of 18.4% for 2024, indicating efficient capital utilization. Net interest margins appear stable based on consistent profitability growth. • **Valuation**: Trading at reasonable multiples with P/E ratio of 14.2x and price-to-book of 2.6x as of 2024 year-end. EV/EBITDA of 7.9x suggests moderate valuation relative to earnings. • **Operational Cash Flow**: Consistent positive operating cash flow of $42 million in 2024, with free cash flow of $39 million indicating strong cash generation. • **Banking-Specific Risks**: Current ratio appears low at 0.76x, which is typical for banks where deposits (liabilities) significantly exceed liquid assets. Asset quality and loan loss provisions would need monitoring given specialized lending focus. • **Growth Trajectory**: Revenue growth from $84 million in 2022 to $113 million in 2024 demonstrates expansion, though concentration in legal industry creates cyclical exposure.
Recent development
Based on available financial data, Esquire Financial has demonstrated consistent growth and expansion over recent years, though specific strategic initiatives are not detailed in the provided earnings information. The company has shown steady asset growth from approximately $1.4 billion in 2022 to $1.9 billion by 2024, representing a compound annual growth rate of about 17%. Revenue expansion has been notable, growing from $84 million in 2022 to $113 million in 2024, while maintaining strong profitability with net income increasing from $29 million to $44 million over the same period. This suggests the bank has successfully expanded its loan portfolio and deposit base while maintaining its specialized focus on the legal industry. The company's geographic footprint remains concentrated with its primary operations in New York and administrative presence in Florida, indicating a strategy focused on deepening market penetration rather than broad geographic expansion. The maintenance of relatively lean physical infrastructure with just one full-service branch suggests continued emphasis on relationship banking and digital service delivery. Cash and investment balances have fluctuated but remained substantial, ranging from $126 million to $165 million over recent quarters, indicating strong liquidity management and potentially preparing for future lending opportunities or strategic investments. The consistent generation of strong free cash flows suggests the company has been reinvesting in growth while maintaining financial flexibility.
ESQ company profile · for informational purposes only — not investment advice.
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