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Dec 31, 2023
Enterprise Financial Q4 2023 Earnings Report
Enterprise Financial reported strong finish to 2023, with net income of $44.5 million and EPS of $1.16 for the fourth quarter.
Key Takeaways
Enterprise Financial Services Corp reported a net income of $44.5 million, or $1.16 per diluted common share, for the fourth quarter of 2023. Total loans increased to $10.9 billion, and total deposits reached $12.2 billion.
Net income was $44.5 million, or $1.16 per diluted common share ($1.21 excluding FDIC special assessment).
Net interest margin was 4.23%, a quarterly decrease of 10 basis points.
Net interest income was $140.7 million, a quarterly decrease of $0.9 million.
Total loans reached $10.9 billion, a quarterly increase of $267.3 million (10% annualized).
Enterprise Financial
Enterprise Financial
Forward Guidance
The company expects to continue capitalizing on opportunities to grow and strengthen the company in 2024.