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Exhibit 99.1 ESQUIRE FINANCIAL HOLDINGS ESQUIRE FINANCIAL HOLDINGS , INC . REPORTS FIRST QUARTER 2021 RESULTS Strong Loan , Deposit , and Payment Processing Growth Drive Record Revenue and Earnings Jericho , NY – April 26 , 2021 – Esquire Financial Holdings , Inc. ( NASDAQ : ESQ ) ( the “ Company ” ) , the financial holding company for Esquire Bank , National Association ( " Esquire Bank ” ) , today announced its operating results for the first quarter of 2021. Significant achievements during the current quarter when compared to the fourth quarter 2020 ( " linked quarter ” ) include : • • Net income increased to $ 4.2 million , or $ 0.53 per diluted share , as compared to $ 3.9 million , or $ 0.51 per diluted share on a linked quarter basis . Net income and diluted earnings per share were $ 2.6 million and $ 0.33 , respectively , for the first quarter of 2020 . Industry leading returns on average assets and common equity of 1.81 % and 13.30 % , respectively , as compared to 1.70 % and 12.54 % on a linked quarter basis while maintaining a strong net interest margin of 4.50 % . • Total assets increased $ 61.6 million , or 27 % annualized , to $ 998.3 million on a linked quarter basis . • Deposits increased $ 55.6 million , or 28 % annualized , to $ 859.7 million on a linked quarter basis , primarily driven by commercial deposits , with a cost of funds of 0.10 % ( including demand deposits ) . Demand deposits , totaling $ 408.4 million , represent 48 % of total deposits while off - balance sheet sweep funds totaled $ 515 million at quarter end , demonstrating the continued strength of our branchless business model . • Loans increased $ 30.4 million , or 18 % annualized , to $ 702.9 million on a linked quarter basis and $ 112.5 million , or 19 % , from the first quarter of 2020 primarily due to growth in our commercial and multifamily loan portfolios . • Payment processing ( merchant ) fee income increased 17.5 % to $ 5.4 million on a linked quarter basis as we continued to expand merchant relationships and processing volumes . Total non - interest income represented 35 % of total revenue in the current quarter . Excluding independent sales organization ( " ISO " ) early termination fees totaling $ 500 thousand in the current quarter , payment processing fee income increased 6.5 % on a linked quarter basis and represented 32 % of total revenue . • Continued solid asset quality metrics with nonperforming loans to total loans of 0.43 % and a reserve for loan losses to total loans of 1.88 % as we prudently increased our provision for loan losses , partially offset by the effects of our ISO early termination fees . Excluding SBA guaranteed PPP loans totaling $ 31.7 million , our reserve for loan losses to total loans was 1.96 % . We recently signed an exclusive agreement with InComm Payments , a global leading payments technology company , to offer prepaid card services under the ServeⓇ brand for Social Security Disability Insurance ( “ SSDI ” ) payments , offering the Serve® Card issued by American Express . InComm became the exclusive distributor of American Express's prepaid reloadable cards when they acquired the ServeⓇ technology platform in 2018 . • We recently launched our innovative digital technologies to support seamless communication in our national verticals , significantly enhancing our multimedia digital marketing capabilities , as well as streamlining our online functionality and associated application processes . Esquire Bank remains well above the bank regulatory " Well Capitalized " standards . " We continue to innovate and evolve , recently coupling our unique business verticals with our exclusive InComm prepaid card offering in the SSDI claimant space , " stated Tony Coelho , Chairman of the Board . " This agreement represents a clear entry point for our Company to offer the litigation market financial solutions for the underserved consumers in SSDI settlements . "