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Sep 30, 2023
Enterprise Financial Q3 2023 Earnings Report
Enterprise Financial reported strong third quarter operating results
Key Takeaways
Enterprise Financial Services Corp reported a net income of $44.7 million, or $1.17 per diluted common share, for the third quarter of 2023. The company saw an increase in net interest income and total deposits, while managing loan growth and reducing wholesale funding in a challenging environment.
Net income was $44.7 million, equating to $1.17 per diluted common share.
Net interest margin stood at 4.33%, reflecting a quarterly decrease of 16 basis points.
Net interest income reached $141.6 million, marking a quarterly increase of $0.9 million.
Total deposits amounted to $11.9 billion, showing a quarterly increase of $290.0 million.
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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