Enterprise Financial(US:EFSC)2024-10-22 17:06Earnings Performance - Net income reached $50.6 million, an increase of $5.1 million[3] - Net interest income was $143.5 million, with a net interest margin (NIM) of 4.17%[3] - Pre-Provision Net Revenue (PPNR) amounted to $65.1 million, up by $1.8 million[3] - Adjusted Return on Average Assets (ROAA) stood at 1.32%, compared to 1.27%[3] - Adjusted Return on Average Tangible Common Equity (ROATCE) was 14.16%, versus 14.06%[3] Capital Management - Tangible Common Equity to Tangible Assets ratio was 9.50%, compared to 9.18%[3] - Tangible Book Value Per Common Share increased to $37.26, from $35.02[3] - Common Equity Tier 1 (CET1) Ratio was 11.9%, compared to 11.7%[3] - The company repurchased 195,114 shares at an average price of $49.73[3] Loan and Deposit Trends - Loans totaled $11.1 billion, an increase of $79.9 million[4] - Deposits reached $12.5 billion, up by $182.9 million[4] - Noninterest-bearing Deposits accounted for 32% of total deposits[4] Asset Quality - Nonperforming Loans to Loans ratio was 0.26%[4] - Nonperforming Assets to Assets ratio was 0.22%[4] - Allowance Coverage Ratio was 1.26%, or 1.38% adjusted for guaranteed loans[4] - Net Charge-offs amounted to $3.9 million[4]