COMP <GO>

ESQ vs NTB // GROSS PROFIT MARGIN

Esquire Financial Holdings Inc. (NASDAQ) VS. Bank of N.T. Butterfield & Son Limited Voting (NYSE) • 15-METRIC TALLY: ESQ 1 — NTB 4

■ METRIC PARITY

LAST: $127.70 (-0.88%) • MKT CAP: $1.55B

gross-margins

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LAST: $57.30 (-1.50%) • MKT CAP: $2.29B

gross-margins

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ESQ VS. NTB) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ESQ	NTB	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin ACTIVE	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	20.30%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.67%	12.20%	-8.53	NTB	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	38.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	4.60%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.38%	3.39%	-3.01	NTB	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	6/9	-4.00	NTB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	56.5	33.6	+22.92	ESQ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	9.2x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.55B	$2.29B	-$746.2M	NTB	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ESQ REV	NTB REV	ESQ GROSS %	NTB GROSS %	ESQ FCF	NTB FCF
FY 2025	$0	$606.8M	—	—	$56.7M	$279.6M
FY 2024	$0	$579.9M	—	—	$41.5M	$265.4M
FY 2023	—	$578.6M	—	—	—	$300.3M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ESQ // BETA —

NTB // BETA —