EFSC Q1 net income $55.7M ($1.46 EPS); NIM 4.71%; loans top $10B

ENTERPRISE FINANCIAL SERVICES CORP

2023-Q1 EPS reported $1.46

Net income $55.7M, diluted EPS $1.46; down from $60.0M and $1.58 in Q4 2022, up from $47.7M and $1.23 YoY.
Net interest margin 4.71%, up 5bps QoQ and 143bps YoY; net interest income $139.5M, up $0.7M QoQ.
Total loans $10.0B, up $274.8M (11.4% annualized) from Q4 2022; total deposits $11.2B, up $325.5M.
Tangible common equity to tangible assets 8.81%; capital ratios well-capitalized; common dividend $0.25/share payable June 30.
Provision for credit losses $4.2M mainly from credit impairment on AFS security of a failed bank and loan growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ENTERPRISE FINANCIAL SERVICES CORP reported the quarter ended March 31, 2023 results: net income $55.7 million, EPS $1.46 per diluted common share.

Period: the quarter ended March 31, 2023
Net income: $55.7 million
EPS: $1.46 per diluted common share
Result: reported results

Exact text from the filing

On April 24, 2023, Enterprise Financial Services Corp (the "Company" or "EFSC") issued a press release announcing financial information for the quarter ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

ENTERPRISE FINANCIAL SERVICES CORP filing history →

Source: SEC EDGAR

accession 0001025835-23-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.