Enterprise Financial Q3 net income $44.7M ($1.17 EPS), down 11% QoQ; NIM contracts 16 bps to 4.33%

ENTERPRISE FINANCIAL SERVICES CORP

2023-Q3 EPS reported $3.91

Net income of $44.7M ($1.17 diluted EPS) vs $49.2M ($1.29) linked quarter and $50.2M ($1.32) prior year.
Net interest margin 4.33%, down 16 bps QoQ; net interest income $141.6M, up $0.9M QoQ.
Nonperforming assets jumped to $55.9M (0.40% of assets) from $16.1M (0.12%) linked quarter; provision $8.0M, net charge-offs $6.9M.
Total loans $10.6B (+$104.2M QoQ); deposits $11.9B (+$290M QoQ); noninterest-bearing deposits 32.3% of total.
Quarterly dividend of $0.25 per common share declared, payable Dec 29, 2023.

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 0.95

ENTERPRISE FINANCIAL SERVICES CORP reported the quarter ended September 30, 2023 results: net income $44.7 million, EPS $1.17 per diluted common share.

Period: the quarter ended September 30, 2023
Net income: $44.7 million
EPS: $1.17 per diluted common share
Result: reported results

Exact text from the filing

On October 23, 2023, Enterprise Financial Services Corp (the "Company" or "EFSC") issued a press release announcing financial information for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001025835-23-000081

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