secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001025835-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000102583524000003/0001025835-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000102583524000003/efsc-20240122.htm
  HTML page:      https://secwatch.observer/filing/0001025835-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer