Enterprise Financial Reports First Quarter 2020 Results

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Go back to Enterprise Financial Reports First Quarter 2020 Results

Enterprise Financial Services (EFSC) Misses Q1 EPS by 27c

April 20, 2020 4:05 PM EDT

Enterprise Financial Services (NASDAQ: EFSC) reported Q1 EPS of $0.48, $0.27 worse than the analyst estimate of $0.75.

First Quarter Results

Net income of $12.9 million, $0.48 per diluted share, including the impact of provision for credit losses of $0.63 per shareNet interest margin (tax equivalent) of 3.79%Return on average assets of 0.70%Loans increased $143.2 million, or 11% annualizedDeposits increased $218.9 million, or 15% annualized

Jim Lally, EFSCs President and Chief Executive Officer, commented, Currently, we are faced with unprecedented and rapidly evolving global challenges presented by the COVID-19... More