secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001025835-23-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000081/0001025835-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000102583523000081/efsc-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001025835-23-000081

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