secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001025835-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000036/0001025835-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000036/efsc-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001025835-23-000036

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