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Mar 31, 2024
Enterprise Financial Q1 2024 Earnings Report
Enterprise Financial's first quarter results were reported as fundamentally sound with a good start to 2024.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $40.4 million, or $1.05 per diluted common share, for the first quarter of 2024. The company's ROAA was 1.12%, and the tangible common equity to tangible assets ratio grew to over 9%. Customer activity remained robust, with strong loan and deposit pipelines.
Net income was $40.4 million, or $1.05 per diluted common share.
Net interest margin was 4.13%, a quarterly decrease of 10 basis points.
Total loans reached $11.0 billion, a quarterly increase of $144.4 million.
Total deposits amounted to $12.3 billion, a quarterly increase of $77.3 million.
Forward Guidance
The company is optimistic for the remainder of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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