Enterprise Finl Svcs Corp - EFSC STOCK NEWS

Enterprise Financial Services Corp (EFSC) announced that four directors will not seek re-election at the 2025 Annual Meeting of Stockholders: Robert E. Guest Jr., James M. Havel, Daniel A. Rodriguez, and Eloise E. Schmitz.

Guest, serving since 2002, has been instrumental in the company's growth, particularly as Risk Committee Chair since 2019, guiding EFSC through its $10 billion asset threshold transition. Havel (director since 2014) contributed his financial expertise to the Audit and Risk committees. Rodriguez (Company director since 2022, Bank director since 2016) provided valuable operations and technology insights. Schmitz (Company director since 2017) leveraged her financial services experience across multiple committees.

Board Chairperson Mike DeCola emphasized this change aligns with the company's strategic governance planning and acknowledged the directors' contributions to EFSC's growth and success.

Enterprise Financial Services Corp (EFSC) reported Q4 2024 net income of $48.8 million ($1.28 per diluted share), compared to $1.32 in Q3 and $1.16 in Q4 2023. Full-year 2024 net income was $185.3 million ($4.83 per diluted share), versus $5.07 in 2023.

Key Q4 metrics include net interest income of $146.4 million (up $2.9 million quarterly), net interest margin of 4.13% (down 4 basis points), total loans of $11.2 billion (up 5% annualized), and total deposits of $13.1 billion (up $681.2 million). The company maintained strong asset quality with nonperforming assets at 0.30% of total assets.

The Board approved a quarterly dividend increase of $0.01 to $0.29 per share and repurchased 206,529 shares in Q4. The company completed a core system conversion and expanded its operational capabilities in 2024.

Enterprise Financial Services Corp (EFSC) has announced it will release its fourth quarter 2024 financial results on Monday, January 27, 2025, followed by a conference call and webcast on Tuesday, January 28, 2025 at 10:00 a.m. CT.

Participants can pre-register for the conference call through a provided link, receiving a passcode and PIN for immediate access. The call will also be accessible by telephone at 1-800-715-9871 with Conference ID 35973. A webcast will be available through the company's Investor Relations webpage, along with the press release and presentation slides. A recorded replay will be accessible for at least two weeks after the call.

EFSC, with approximately $15.0 billion in assets, operates through its subsidiary Enterprise Bank & Trust across Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico, offering business and personal banking services, and wealth management solutions.

Enterprise Financial Services Corp (EFSC) has appointed Michael E. Finn as director of both the company and its subsidiary, Enterprise Bank & Trust. Board Chairman Michael A. DeCola highlighted Finn's extensive financial services industry knowledge, risk management expertise, and regulatory compliance experience as valuable additions to the board's skillset. The appointment is effective immediately and is expected to contribute to the company's strategic planning and shareholder value creation efforts.

Enterprise Financial (EFSC) reported its Q3 2024 results, showing significant growth. Net income reached $50.6 million, with Earnings Per Share (EPS) at $1.32, up from $1.19 in the previous quarter. Net interest income increased to $143.5 million, while net interest margin (NIM) slightly decreased to 4.17%. Total loans rose to $11.1 billion, and total deposits increased to $12.5 billion. Return on Average Assets (ROAA) improved to 1.36%, and Return on Average Tangible Common Equity (ROATCE) increased to 14.55%. The company repurchased 195,114 shares and raised its dividend to $0.28 per share. Noninterest income climbed to $21.4 million, driven by higher tax credit income and gains from real estate sales. However, noninterest expense also rose to $98.0 million due to higher employee compensation and deposit service costs. The allowance for credit losses decreased to 1.26% of total loans, and nonperforming assets dropped to 0.22% of total assets.

Enterprise Financial Services Corp (Nasdaq: EFSC) has announced its third quarter 2024 earnings release and conference call schedule. The company will release its financial results on Monday, October 21, 2024, followed by a conference call and webcast at 10:00 a.m. CT on Tuesday, October 22, 2024. Participants can pre-register for the call or join via dial-in at 1-800-715-9871. The webcast will be accessible through the company's Investor Relations page, with press release and presentation slides available prior to the call. A recorded replay will be available for at least two weeks after the call.

EFSC, with approximately $14.6 billion in assets, is a financial holding company headquartered in Clayton, Missouri. Its subsidiary, Enterprise Bank & Trust, operates branches in seven states and offers SBA loan and deposit production offices nationwide, providing business and personal banking services, as well as wealth management services through Enterprise Trust.

Enterprise Financial Services Corp (NASDAQ: EFSC) reported second quarter 2024 earnings. Net income was $45.4 million, or $1.19 per diluted share, up from $1.05 in the linked quarter but down from $1.29 a year ago. Net interest income rose to $140.5 million, a $2.8 million increase from the previous quarter. Total loans decreased by $28.5 million to $11.0 billion, while total deposits increased by $28.7 million to $12.3 billion. The net interest margin increased by 6 basis points to 4.19%. The return on average assets (ROAA) was 1.25%, and the return on average tangible common equity (ROATCE) was 13.77%. The tangible book value per share increased by 10% on an annualized basis to $35.02. The company repurchased 225,135 shares and increased the quarterly dividend to $0.27 per share. The allowance for credit losses stood at 1.27% of total loans, and the total cost of deposits was 2.16%. Noninterest income increased by $3.3 million to $15.5 million, primarily due to higher tax credit income.

Enterprise Financial Services Corp (EFSC) will release its second quarter 2024 financial results on Monday, July 22, 2024. The company will host a conference call and webcast at 10:00 a.m. CT on Tuesday, July 23, 2024. The call will be accessible via pre-registration through a provided link, allowing participants immediate access with a passcode and PIN. Additionally, the webcast will be available on EFSC's Investor Relations page, with a recorded replay accessible for at least two weeks post-call.

Enterprise Financial Services Corp, headquartered in Clayton, Missouri, holds approximately $14.6 billion in assets. Its subsidiary, Enterprise Bank & Trust, offers banking and wealth management services across multiple states. EFSC's common stock trades on Nasdaq under the symbol 'EFSC.'

Enterprise Financial Services Corp (Nasdaq: EFSC) reports first quarter 2024 results with net income of $40.4 million, a decrease in net interest margin, total loans increase, and total deposits increase. The company's return on average assets and return on average tangible common equity decreased compared to the prior year quarter. The CEO mentions strong customer activity, robust loan and deposit pipelines, stable credit quality metrics, and appropriate reserve levels.