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Dec 31, 2020
Enterprise Financial Q4 2020 Earnings Report
Reported an increase in net income compared to the linked quarter, while remaining comparable to the prior year quarter and achieved several critical milestones.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $28.9 million for Q4 2020, comparable to the prior year quarter. EPS was $1.00 per diluted share. The company closed the acquisition of Seacoast Commerce Banc Holdings and supported customers in the PPP forgiveness process.
Closed the acquisition of Seacoast Commerce Banc Holdings, adding approximately $1.3 billion in assets, $1.2 billion in loans and $1.0 billion in deposits
Net income of $28.9 million, or $1.00 per diluted share.
Net interest margin of 3.66%
Return on average assets (“ROAA”) of 1.26%; Pre-Provision Net Revenue (“PPNR”) ROAA1 of 2.07%
Enterprise Financial
Enterprise Financial
Forward Guidance
Looking to 2021, we are well-positioned financially and organizationally to leverage our relationship-based banking model to achieve our strategic objectives.”