secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
CIK:        0001025835
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001025835-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025835/000102583524000026/0001025835-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025835/000102583524000026/efsc-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001025835-24-000026

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