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Jun 30, 2024
Enterprise Financial Q2 2024 Earnings Report
Enterprise Financial's second quarter earnings for 2024 were released, showing an increase in net income and EPS compared to the linked quarter, but a decrease compared to the prior year quarter.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $45.4 million, or $1.19 per diluted common share, for the second quarter of 2024. This represents an increase compared to the linked quarter but a decrease compared to the prior year quarter. The company's net interest margin was 4.19%, and it saw growth in operating revenue, customer deposits, and tangible common equity.
Net income was $45.4 million, or $1.19 per diluted common share.
Net interest margin was 4.19%, a quarterly increase of 6 basis points.
Total deposits reached $12.3 billion, reflecting a quarterly increase of $28.7 million.
The company repurchased 225,135 shares and increased the quarterly dividend to $0.27 per common share.
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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