MergerMay 11, 2026, 12:01 PM
Esquire Financial to Merge with Signature Bancorporation; Q1 Net Income $12.2M
AI Summary
Esquire Financial Holdings, Inc. announced a merger agreement with Signature Bancorporation, Inc., where Signature shareholders will receive 2.63 shares of Esquire common stock for each Signature share, subject to adjustment based on loan dispositions. For Q1 2026, Esquire reported a net income of $12.2 million, an increase from $11.4 million in Q1 2025, with diluted EPS rising to $1.40. The company also saw growth in total assets, deposits, and loans held for investment.
Key Highlights
- Merger agreement with Signature Bancorporation, Inc. signed on March 11, 2026.
- Signature shareholders to receive 2.63 shares of Esquire common stock per share, subject to adjustment.
- Net income for Q1 2026 increased to $12.2 million from $11.4 million in Q1 2025.
- Diluted earnings per share rose to $1.40 in Q1 2026 from $1.33 in Q1 2025.
- Total assets grew to $2.42 billion as of March 31, 2026, from $2.37 billion at year-end 2025.
- Loans held for investment increased to $1.82 billion from $1.76 billion since December 31, 2025.
- Net interest income for Q1 2026 was $34.0 million, up from $27.6 million in Q1 2025.
- Cash dividends declared to common stockholders increased to $0.20 per share.