Enterprise Financial Services Corp reported a strong first quarter with a net income of $55.7 million, or $1.46 per diluted common share. The company saw increases in total loans and deposits, along with an improved net interest margin.
Net income was $55.7 million, $1.46 per diluted common share.
Net interest margin was 4.71%, a quarterly increase of five basis points.
Total loans reached $10.0 billion, a quarterly increase of $274.8 million.
Total deposits amounted to $11.2 billion, a quarterly increase of $325.5 million.
As we look to the remainder of 2023, we believe the strength of our balance sheet and our diversified business model have us well positioned.
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