For six years in a row, Esquire Bank was
recognized among the top 10% of community banks in the United States based on various
profitability, operational efficiency, and balance sheet
metrics.
JERICHO,
N.Y., May 20, 2024 /PRNewswire/ -- Esquire
Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the holding
company for Esquire Bank, National Association (collectively
"Esquire"), has been awarded the 2023 Raymond James Community
Bankers Cup for the sixth year in a row, which recognizes the top
10% community banks nationally who have demonstrated superior
financial and stock price performance.
"While 2023 was a challenging year for the banking sector
overall, Esquire remains financially strong and resilient as we
continue delivering long-term stakeholder value for the markets we
serve and providing excellent client-centric service," said
Andrew C. Sagliocca, Vice Chairman,
Chief Executive Officer and President. "We are proud to be
recognized again as a top community bank by Raymond James. This could not have been achieved
without the hard work, dedication, and exceptional performance of
the entire Esquire Bank team."
The pool of banks considered for recognition were 203 domestic
community banks between $500 million
and $10 billion as of December 31, 2023, that are exchange-traded and
not an acquisition target or mutual holding companies. The top 10%
demonstrated superior performance based on the following
measurements:
- Nonperforming assets to loans and real estate owned (NPAs /
Loans + OREO)
- Five-year average core deposit percentage
- Net interest margin (NIM)
- Efficiency ratio
- Return on average assets (ROAA)
- Return on average tangible common equity (ROTCE)
About Esquire Financial Holdings, Inc.
Esquire Financial Holdings, Inc. is a bank holding company
headquartered in Jericho, New
York, with one branch office in Jericho, New York and an administrative office
in Boca Raton, Florida. Its wholly
owned subsidiary, Esquire Bank, National Association, is a
full-service commercial bank dedicated to serving the financial
needs of the legal industry and small businesses nationally, as
well as commercial and retail customers in the New York metropolitan area. The bank offers
tailored products and solutions to the legal community and their
clients as well as dynamic and flexible merchant services solutions
to small business owners. For more information, visit
www.esquirebank.com.
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SOURCE Esquire Financial Holdings, Inc.