Esquire Reports Q1 Revenue of $40.5M, Signature Merger Fuels Future Growth
Reports Q1 revenue $40.5M vs. $33.8M last year. Q1 net interest margin increased 8 basis points year-over-year to 6.04%. Book value per share was $34.88 from $33.86 in the previous quarter. Common equity tier 1 and tangible common equity to tangible assets ratios were 14.25% and 12.44%, respectively. "Coupling our disciplined balance sheet management, unique business model and industry leading growth and performance with a continued investment in resources and technology has served as the catalyst for our transformational strategic acquisition of Signature," stated Tony Coelho, Chairman of the Board. "This merger positions the combined entity for continued, and potentially accelerated, unprecedented future growth and success." "The Signature merger creates the next foothold in one of the top three largest metro markets by both population and number of contingent fee law firms - the New York, Los Angeles, and Chicago metro areas," stated Andrew Sagliocca, CEO. "We are now focused on rolling up our sleeves to ensure a flawless, low-risk integration of Signature's clients and people, while continuing to serve our legacy clients with the dedication they deserve, as well as focusing on our safe and sound growth and performance stakeholders have come to expect from Esquire."
