earnings
confidence high
sentiment negative
materiality 0.70
Enterprise Financial Q1 net income $40.4M, diluted EPS $1.05; NIM down to 4.13%
ENTERPRISE FINANCIAL SERVICES CORP
2024-Q1 EPS reported
$1.05
- Diluted EPS of $1.05 down from $1.16 linked quarter and $1.46 prior year; net income fell $4.1M and $15.3M respectively.
- Net interest margin 4.13% decreased 10 bps linked quarter; net interest income $137.7M down $3.0M.
- Total loans $11.0B up $144.4M; total deposits $12.3B up $77.3M; cost of deposits 2.13% up 10 bps.
- Nonperforming assets to total assets 0.30%; provision for credit losses $5.8M vs $18.1M linked quarter.
- Quarterly dividend of $0.26 per common share declared, payable June 28, 2024.