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Exhibit 99.1 ESQUIRE FINANCIAL HOLDINGS ESQUIRE FINANCIAL HOLDINGS , INC . REPORTS THIRD QUARTER 2021 RESULTS Industry Leading Loan Growth Drives Record Revenues Jericho , NY October 25 , 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 third quarter of 2021. Significant achievements during the quarter include : . Net income of $ 2.5 million , or $ 0.32 per diluted share , as compared to $ 4.5 million , or $ 0.57 per diluted share on a linked quarter basis . • Returns on average assets and common equity of 0.97 % and 7.32 % , respectively , as compared to 1.84 % and 13.76 % on a linked quarter basis . • Industry leading net interest margin of 4.50 % despite historically low interest rate environment . • • Reclassified its legacy NFL consumer post settlement loan portfolio totaling $ 23.6 million to loans held for sale , incurring a pretax charge totaling $ 3.4 million ( $ 2.5 million net of tax ) , or $ 0.31 per diluted share . The fair value of these loans held for sale was $ 14.2 million . Excluding this charge , adjusted ( 1 ) net income , diluted earnings per share , return on average assets , and return on average common equity would have been $ 5.0 million , $ 0.63 , 1.93 % , and 14.49 % , respectively . This accounting reclassification to held for sale is reflective of management's intent to sell these assets to a fund in the near term as previously disclosed . Loans held for investment increased $ 36.7 million , or 21 % annualized , to $ 744.1 million on a linked quarter basis . Excluding the effects of the NFL reclassification and repayments on Paycheck Protection Program ( " PPP " ) loans totaling $ 23.6 million and $ 11.9 million , respectively , loans held for investment increased 41 % annualized on a linked quarter basis . The Company continues to deploy excess liquidity from core deposits into higher yielding loans . Deposits increased $ 62.4 million on a linked quarter basis , or 27 % annualized , to $ 977.0 million , primarily driven by commercial deposits , with a cost of funds of 0.09 % ( including demand deposits ) . Demand deposits , totaling $ 416.8 million , represent 43 % of total deposits while off - balance sheet sweep funds totaled $ 443.9 million at quarter end , demonstrating the continued strength of our branchless business model . • Total assets increased $ 65.2 million on a linked quarter basis , or 24 % annualized , to $ 1.1 billion . • • Payment processing fee income totaled $ 5.2 million in the current quarter , consistent with the prior quarter and an increase of $ 1.5 million , or 41 % , as compared to the third quarter of 2020. Payment processing fee income represented 32 % of total revenues . Continued solid asset quality metrics with a reserve for loan losses to total loans of 1.16 % . Excluding Small Business Administration ( " SBA " ) guaranteed PPP loans totaling $ 11.7 million , our reserve for loan losses to total loans was 1.18 % . • Esquire Bank remains well above the bank regulatory " Well Capitalized " standards . " Our unique business model , focus on financial technology and commitment to our employees and customers , continues to demonstrate Esquire's leadership within the banking industry . We are well positioned to continue delivering exceptional products to our customers , resulting in excellent returns for our investors " stated Tony Coelho , Chairman of the Board . ( 1 ) Adjusted to exclude the $ 2.5 million charge , net of tax , related to the reclassification of our legacy NFL consumer post settlement loan portfolio from held for investment to held for sale . See non - GAAP reconciliation provided elsewhere herein .