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Jun 30, 2023
Enterprise Financial Q2 2023 Earnings Report
Reported strong financial results driven by loan growth and strategic initiatives.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $49.1 million, or $1.29 per diluted common share, for the second quarter of 2023. The company saw significant loan growth across geographic regions and business lines, which helped to accelerate interest income and mitigate the effect of rising deposit interest expense.
Net income reached $49.1 million, translating to $1.29 per diluted common share.
Net interest margin stood at 4.49%, reflecting a quarterly decrease of 22 basis points.
Net interest income amounted to $140.7 million, marking a quarterly increase of $1.2 million.
Total loans reached $10.5 billion, demonstrating a quarterly increase of $500.7 million.
Enterprise Financial
Enterprise Financial
Forward Guidance
No specific forward guidance was provided in the earnings report.