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Mar 31
Enterprise Financial Q1 2025 Earnings Report
Reported First Quarter 2025 Results
Key Takeaways
Enterprise Financial Services Corp delivered a positive start to 2025 with increased net income and net interest margin, driven by proactive balance sheet management and deposit cost control. The company also announced a strategic branch acquisition to strengthen its market position.
Net income increased to $50.0 million, up from $40.4 million in the prior year quarter.
Diluted EPS rose to $1.31, compared to $1.05 in the prior year quarter.
Net interest margin expanded to 4.15%, a 2 basis point increase from the linked and prior year quarters.
Nonperforming assets increased significantly to $113.2 million, primarily due to two commercial banking relationships filing bankruptcy, although the loans are considered well-secured.
Enterprise Financial
Enterprise Financial
Enterprise Financial Revenue by Segment
Revenue by Segment
Commercial & Industrial Revenue
CapyFin.comCommercial Real Estate Revenue
CapyFin.comConstruction Real Estate Revenue
CapyFin.comResidential Real Estate Revenue
CapyFin.comConsumer & Other Revenue
CapyFin.comTax Credits Revenue
CapyFin.com Forward Guidance
The company announced a strategic branch acquisition in Arizona and Kansas expected to close in early Q4 2025, which is anticipated to strengthen their position and accelerate growth in existing markets. They also increased the quarterly common stock dividend.
Positive Outlook
- Strategic branch acquisition in Arizona and Kansas to expand market presence.
- Acquisition is expected to accelerate growth in existing markets.
- Quarterly common stock dividend increased to $0.30 per share.
- Company remains 'well-capitalized' with strong regulatory capital ratios.
- Board approved a stock repurchase plan with remaining shares available.
Challenges Ahead
- No specific negative forward guidance was provided in the report.