earnings
confidence high
sentiment positive
materiality 0.75
EFSC Q3 2024 net income $50.6M, EPS $1.32, up 11% linked; dividend raised to $0.28
ENTERPRISE FINANCIAL SERVICES CORP
2024-Q3 EPS reported
$3.56
- Net income $50.6M ($1.32 diluted EPS) vs $1.19 linked and $1.17 prior year quarter.
- Net interest margin 4.17% (down 2 bps QoQ); net interest income $143.5M (+$2.9M linked).
- Loans $11.1B (+$79.9M), deposits $12.5B (+$182.9M); nonperforming assets 0.22% (down from 0.33%).
- Tangible book value $37.26 (+25% annualized QoQ); ROATCE 14.55%; capital ratios well above well-capitalized.
- Quarterly dividend increased $0.01 to $0.28; 195,114 shares repurchased during Q3.