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Dec 31, 2021
Enterprise Financial Q4 2021 Earnings Report
Reported a record fourth quarter with increased revenue and earnings, driven by strategically diversified revenue streams and the inclusion of First Choice Bancorp's results.
Key Takeaways
Enterprise Financial Services Corp reported a strong fourth quarter in 2021, with net income of $50.8 million, or $1.33 per diluted share. The company's success was attributed to its diversified revenue streams and the inclusion of First Choice Bancorp's results. The company is well-positioned for future interest rate increases due to its variable-rate loan portfolio and strong noninterest-bearing deposit base.
Net income increased to $50.8 million, or $1.33 per diluted share.
Completed systems integration of First Choice Bancorp.
Return on average assets was 1.52%, and Pre-Provision Net Revenue ROAA was 1.89%.
Redeemed $50.0 million subordinated debentures, issued $75.0 million preferred stock, and repurchased 577,478 shares of common stock.
Forward Guidance
The company did not provide specific forward guidance in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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