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Sep 30, 2022
Enterprise Financial Q3 2022 Earnings Report
Achieved near record earnings, driven by loan growth and expanded net interest income.
Key Takeaways
Enterprise Financial Services Corp reported a strong third quarter in 2022, with net income of $50.2 million and earnings per share of $1.32. The company saw growth in loans, maintained liquidity, and expanded net interest income.
Net income reached $50.2 million, translating to $1.32 per diluted common share.
Net interest income increased to $124.3 million, a 13% increase compared to the previous quarter.
Total loans amounted to $9.3 billion, reflecting a quarterly increase of $122.0 million, or 5% annualized.
The quarterly dividend was increased by $0.01 to $0.24 per common share for the fourth quarter.
Enterprise Financial
Enterprise Financial
Forward Guidance
The company is well positioned to finish the year with strong performance.