Esquire Financial Posts 3Q EPS of $1.57
ESQ sits 35% above its 52-week low of $92.1.
Summary
Esquire reported third-quarter EPS of $1.57 and net income of $17.5M, with adjusted EPS of $2.12, in the first print since closing its merger with Signature Bancorporation on August 3, which created a $4.8 billion-asset bank. Net income rose 34.7% after the Signature merger. The pro forma purchase-accounting detail for Signature was filed October 15, so this is the first quarter where the combined balance sheet and any accretion show up in reported results.
At the time of this announcement, ESQ was trading at $124.10 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $92.10 to $134.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.