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Enterprise Financial Services Corp reported record earnings per share of $1.58 for the fourth quarter and achieved loan growth of 16% annualized.
Net income was $60.0 million, or $1.58 per diluted common share.
Net interest margin increased to 4.66%, a quarterly increase of 56 basis points.
Total loans increased to $9.7 billion, a quarterly increase of $382 million, or 16% annualized.
Return on Average Assets (ROAA) was 1.83%.
The company is excited for the opportunity to continue the strong momentum built during 2022 into 2023.
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