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Revenue: US$120.1 million (increased by 10% from FY 2023).
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Net income: US$43.7 million (up by 6.5% compared to FY 2023).
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Profit margin: 36% (decreased from 38% in FY 2023). The decline in margin was associated with rising expenses.
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EPS: US$5.59 (up from US$5.32 in FY 2023).
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Net interest margin (NIM): 6.06% (slightly down from 6.09% in FY 2023).
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Cost-to-income ratio: 48.7% (up from 48.5% in FY 2023).
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Non-performing loans: 0.78% (down from 0.91% in FY 2023).
All figures presented in the chart above reflect the trailing 12 months (TTM) period
Revenue was in line with analyst expectations. Earnings per share (EPS) were also consistent with analyst forecasts.
Looking forward, revenue is projected to grow by 8.6% per annum on average over the next two years, in contrast to a 7.4% growth estimate for the Banking sector in the US.
Performance of the American Banking sector.
The company’s stock has increased by 1.3% over the past week.
It’s important to consider potential risks. For instance, we have identified one warning sign for Esquire Financial Holdings that you should be aware of.
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This article is general in nature and authored by Simply Wall St. We provide analysis based on historical data and analyst projections using an objective approach, and our articles do not constitute financial advice. This should not be interpreted as a recommendation to buy or sell any stock, and does not consider your personal circumstances or financial situation. Our aim is to deliver long-term focused insights driven by fundamental data. Please note that our analysis may not include the latest company announcements or qualitative information. Simply Wall St does not hold positions in any mentioned stocks.
