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Dec 31, 2019
Enterprise Financial Q4 2019 Earnings Report
Enterprise Financial reported Q4 2019 results, marked by strong loan and deposit growth and solid financial performance.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $29.1 million, or $1.09 per diluted share, for the fourth quarter of 2019. The company saw strong growth in both loans and deposits, with annualized growth rates of 7% and 10%, respectively. The company's business fundamentals generated robust earnings, with a 1.6% return on average assets and a 19% return on average tangible common equity.
Net income was $29.1 million, or $1.09 per diluted share.
Return on average assets was 1.58%.
Loans increased by $86.3 million, or 7% annualized.
Deposits increased by $146.6 million, or 10% annualized.
Forward Guidance
The Company expects loan growth in 2020 to be 6-8%. The Company expects its effective tax rate for 2020 to be approximately 20-21%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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