Esquire Financial Holdings ( (ESQ) ) has issued an update.
Esquire Financial Holdings, Inc. has reported strong third-quarter results for 2024, driven by a strategic focus on high-yield commercial loans and agency mortgage-backed securities. With a net interest margin of over 6%, the company achieved an 8.3% increase in net income to $11.4 million. The growth in core deposits and commercial lending has bolstered its financial performance, while maintaining a solid balance sheet with impressive returns on assets and equity. Esquire’s capital ratios remain robust, ensuring its continued strength in the financial market.
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