EFSC Q2 2023 net income $49.1M ($1.29 EPS); NIM 4.49%, loans +$500.7M

ENTERPRISE FINANCIAL SERVICES CORP

2023-Q2 EPS reported $2.75

Net income $49.1M, down $6.6M vs linked Q1 but up $4.0M YoY; diluted EPS $1.29 (vs $1.46 Q1, $1.19 Q2'22).
Net interest margin 4.49%, down 22 bps from Q1 on higher deposit costs; net interest income $140.7M, +$1.2M linked.
Total loans $10.5B (+$500.7M, 20.1% annualized); total deposits $11.6B (+$465.2M); noninterest-bearing deposits 33.4%.
Noninterest expense $86.0M, +$5.0M linked; deposit costs +$4.3M and operational losses +$1.5M drove increase.
Quarterly dividend $0.25 per common share payable Sept 29, 2023; preferred dividend $0.3125 per depositary share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENTERPRISE FINANCIAL SERVICES CORP reported the quarter ended June 30, 2023 results: net income $49.1 million, EPS $1.29 per diluted common share.

Period: the quarter ended June 30, 2023
Net income: $49.1 million
EPS: $1.29 per diluted common share
Result: reported results

Exact text from the filing

Second Quarter Results • Net income of $49.1 million, $1.29 per diluted common share

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ENTERPRISE FINANCIAL SERVICES CORP filing history →

Source: SEC EDGAR

accession 0001025835-23-000067

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