2024-06-21 13:48:58 ET
Summary
- Esquire Financial Holdings serves the $443 billion U.S. tort industry, generating over 50% of loans and 76% of deposits from this market.
- The bank has a desirable Loan to Deposit ratio of 85.6% and $823 million liquidity capacity, positioning it well in the current high interest rate environment.
- Despite challenges from high interest rates, ESQ has shown strong financial performance with double-digit growth in loans, deposits, and earnings.
Whenever you look at a banking stock’s financial reports, you either find them ill prepared for changes in interest rates and economic conditions or operational ineffectiveness making them inefficient at generating above average returns. It is very rare to find a bank holding company like Esquire Financial Holdings, Inc. ( ESQ ) that does well in all departments....
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Esquire Financial: Wider Sentiment Is Hurting Its Stock Performance