Second Quarter Results • Net income of $45.4 million, or $1.19 per diluted common share, compared to $1.05 in the linked quarter and $1.29 in the prior year quarter • Net interest margin of 4.19%, quarterly increase of 6 basis points • Net interest income of $140.5 million, quarterly increase of $2.8 million • Total loans of $11.0 billion, quarterly decrease of $28.5 million • Total deposits of $12.3 billion, quarterly increase of $28.7 million • Return on Average Assets ("ROAA") of 1.25%, compared to 1.12% ...

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Analysts predict that the 'Efficiency Ratio' will reach ...

Shares of Enterprise Financial Services rallied for the fourth straight trading session. With the Federal Reserve keeping an eye on unemployment reports and cooling inflation numbers, market participants are projecting interest rate cuts as early as during the September FOMC meeting. Thus, this is a positive development for banks that are already reeling under the Fed's aggressive monetary tightening. As the rates come down, so will banks' funding costs. Hence, the investors turned bullish on banking sector ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024. ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number 001-15373 ENTERPRISE FINANCIAL SERVICES CORP Incorporated in the State of Delaware I.R.S. Employer Identification # 43-1706259 Add ...

Net Interest Margin 3.03% 3.06% 3.11% 3.20% 3.27% Margin Bridge 4.23% 0.05% (0.04)% (0.07)% (0.04)% 4.13% 4Q23 Loans Other Earning Asset Mix Funding Mix Cost of Funds 1Q24 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | 6.33% | 6.64% | 6.80% | Components of Interest-earning Assets \n6.87% | 6.87% | | | | | | | | | | | | | Annualized Net Charge-offs (Recoveries) to Average Loans (1) 12 26 106 22 1Q23 2Q23 3Q23 4Q23 1Q24 bps bps bps bps bps Loan Growth and Average Line of Credit Ut ...

Enterprise Financial Services Corp (NASDAQ:EFSC) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Jim Lally - President and Chief Executive Officer Keene Turner - Chief Financial Officer and Chief Operating Officer Scott Goodman - President, Enterprise Bank & Trust Doug Bauche - Chief Credit Officer, Enterprise Bank & Trust Conference Call Participants Jeff Rulis - D.A. Davidson Andrew Liesch - Piper Sandler Damon DelMonte - KBW Brian Martin - Janney Operator Thank you for st ...

For the quarter ended March 2024, Enterprise Financial Services (EFSC) reported revenue of $149.89 million, down 4.2% over the same period last year. EPS came in at $1.07, compared to $1.46 in the year-ago quarter.The reported revenue represents a surprise of -3.94% over the Zacks Consensus Estimate of $156.04 million. With the consensus EPS estimate being $1.10, the EPS surprise was -2.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...

Enterprise Financial Services (EFSC) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.73%. A quarter ago, it was expected that this financial holding company would post earnings of $1.19 per share when it actually produced earnings of $1.21, delivering a surprise of 1.68%.Over the l ...

• Net interest income and net interest margin ("NIM") - Net interest income of $137.7 million for the first quarter 2024 decreased $3.0 million and $1.8 million from the linked and prior year quarters, respectively. NIM was 4.13% for the first quarter 2024, compared to 4.23% and 4.71% for the linked and prior year quarters, respectively. The total cost of deposits of 2.13% for the first quarter 2024 increased 10 basis points and 121 basis points from the linked and prior year quarters, respectively. Compare ...

Wall Street analysts expect Enterprise Financial Services (EFSC) to post quarterly earnings of $1.10 per share in its upcoming report, which indicates a year-over-year decline of 24.7%. Revenues are expected to be $156.04 million, down 0.3% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's e ...