secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001025835-23-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000067/0001025835-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000067/efsc-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001025835-23-000067

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