---
schema_version: "secwatch.filing_event.v1"
accession: "0001025835-24-000026"
form_type: "8-K"
ticker: "EFSC"
cik: "0001025835"
company_name: "ENTERPRISE FINANCIAL SERVICES CORP"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:23:53.858187+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Enterprise Financial Q1 net income $40.4M, diluted EPS $1.05; NIM down to 4.13%

## Summary
- 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.

## SEC filing metadata
- accession: 0001025835-24-000026
- form_type: 8-K
- ticker: EFSC
- cik: 0001025835
- company_name: ENTERPRISE FINANCIAL SERVICES CORP
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025835/000102583524000026/0001025835-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025835/000102583524000026/efsc-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001025835-24-000026
- JSON: https://secwatch.observer/filing/0001025835-24-000026.json
- Plain text: https://secwatch.observer/filing/0001025835-24-000026.txt

## Key facts
- Earnings Releases
  ENTERPRISE FINANCIAL SERVICES CORP reported first quarter 2024 results: net income $40.4 million, EPS $1.05 per diluted common share.
  - Period: first quarter 2024
  - Net income: $40.4 million
  - EPS: $1.05 per diluted common share
  - Result: reported results
  source text: On April 22, 2024, Enterprise Financial Services Corp (the "Company" or "EFSC") issued a press release announcing financial information for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025835/000102583524000026/0001025835-24-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.