earnings
confidence high
sentiment positive
materiality 0.70
Enterprise Financial Q2 net income $45.4M ($1.19 EPS); NIM 4.19%, up 6bps QoQ
ENTERPRISE FINANCIAL SERVICES CORP
2024-Q2 EPS reported
$2.24
- Net income $45.4M, diluted EPS $1.19 vs $1.05 linked quarter and $1.29 prior year; adjusted EPS $1.21.
- Net interest income $140.5M, NIM 4.19% (+6bps QoQ); total deposits $12.3B, up $28.7M QoQ.
- Loans $11.0B, down $28.5M QoQ; nonperforming assets 0.33% of total assets (up from 0.30% QoQ).
- Repurchased 225,135 shares for ~$8M; quarterly dividend raised to $0.27 from $0.26.
- Tangible book value per share $35.02, up 10% annualized; TCE/tangible assets 9.18%.