Here's What Key Metrics Tell Us About Enterprise Financial Services (EFSC) Q2 Earnings

Core Insights - Enterprise Financial Services (EFSC) reported a revenue of $156.02 million for the quarter ended June 2024, reflecting a year-over-year increase of 0.7% [4] - The company achieved an EPS of $1.21, down from $1.29 a year ago [4] - The stock has returned +23.6% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [6] Financial Performance Metrics - The reported revenue of $156.02 million exceeded the Zacks Consensus Estimate of $153.41 million by +1.70% [2] - EPS surprised analysts with a +14.15% increase compared to the consensus estimate of $1.06 [2] - The efficiency ratio was reported at 60.3%, better than the estimated 61.3% [3] - Net interest margin was 4.2%, slightly above the estimated 4.1% [3] - Total nonperforming loans were $39.38 million, higher than the average estimate of $38.28 million [3] - Average balance of total interest-earning assets was $13.68 billion, below the estimate of $13.74 billion [3] - Net charge-offs to average loans were reported at 0%, better than the estimated 0.2% [3] - Total noninterest income was $15.49 million, below the estimate of $16.32 million [3] - Net interest income was $140.53 million, exceeding the average estimate of $137.43 million [3] - Deposit service charges were $4.54 million, lower than the estimate of $4.75 million [3] - Tax credit income was $1.87 million, above the estimate of $1.50 million [3] - Net interest income (FTE) was $142.58 million, surpassing the average estimate of $138.85 million [3] - Wealth management income was $2.59 million, below the estimate of $2.78 million [3]