EFSC Q4 net income $44.5M, EPS $1.16; charge-offs spike, NIM tightens

ENTERPRISE FINANCIAL SERVICES CORP

2023-FY EPS reported $5.07

Q4 net income $44.5M ($1.16 diluted EPS); adjusted EPS $1.21 excluding $2.4M FDIC assessment.
Net interest margin 4.23%, down 10 bps from linked quarter; net interest income $140.7M.
Net charge-offs 0.37% of avg loans in 2023 vs 0.04% in 2022; Q4 provision $18.1M vs $8.0M linked.
Total loans $10.9B (+10% annualized); deposits $12.2B; tangible book value $33.85 (+9% QoQ).
Quarterly dividend $0.25 per common share, payable March 29, 2024; record March 15.

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 2023 results: net income Net income of $194.1 million, EPS $5.07 per diluted common share.

Period: 2023
Net income: Net income of $194.1 million
EPS: $5.07 per diluted common share
Result: reported results

Exact text from the filing

Full-Year Highlights For 2023, net income was $194.1 million, or $5.07 per diluted share, compared to $203.0 million, or $5.31 per diluted share, in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENTERPRISE FINANCIAL SERVICES CORP reported the quarter ended December 31, 2023 results: net income Net income of $44.5 million, EPS $1.16 per diluted common share.

Period: the quarter ended December 31, 2023
Net income: Net income of $44.5 million
EPS: $1.16 per diluted common share
Result: reported results

Exact text from the filing

On January 22, 2024, Enterprise Financial Services Corp (the "Company" or "EFSC") issued a press release announcing financial information for the quarter ended December 31, 2023.

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ENTERPRISE FINANCIAL SERVICES CORP filing history →

Source: SEC EDGAR

accession 0001025835-24-000003

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