Welcome to our dedicated page for Enterprise Finl Svcs news (Ticker: EFSC), a resource for investors and traders seeking the latest updates and insights on Enterprise Finl Svcs stock.
Enterprise Financial Services Corp (EFSC) delivers tailored banking solutions and wealth management services across eight U.S. states. This page provides authorized news and official updates directly from the NASDAQ-listed financial holding company.
Access EFSC's latest press releases covering earnings reports, strategic partnerships, leadership changes, and regulatory filings. Investors will find timely updates on commercial lending initiatives, deposit product innovations, and community banking developments.
Our curated collection features essential financial communications including merger disclosures, dividend announcements, and service expansion updates. All content is verified through primary sources to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to EFSC's financial narrative. Check regularly for updates reflecting the company's commitment to commercial banking excellence and personalized wealth management solutions.
RBB Bancorp (NASDAQ:RBB) announced the appointment of Robert Franko and Scott Polakoff to its Board of Directors, effective April 20, 2023. Franko brings over 35 years of commercial banking experience, previously serving as President & CEO of First Choice Bancorp, sold to Enterprise Financial Services Corp (NASDAQ:EFSC) in July 2021. Polakoff has extensive regulatory experience, having been with the FDIC for 22 years and now serving as Executive Vice President at FinPro, Inc. Chairman Dr. James Kao expressed confidence in their ability to enhance shareholder value through their industry expertise. RBB Bancorp, a community-based financial holding company, had total assets of $3.9 billion as of December 31, 2022, serving Chinese-American communities across several states.
Enterprise Financial Services Corp (EFSC) reported first quarter results showcasing a net income of $55.7 million, or $1.46 per diluted common share, reflecting a decrease of $4.3 million from the previous quarter but an increase of $8.0 million year-over-year. The company's net interest margin (NIM) rose to 4.71%, up five basis points quarter-over-quarter, driven by a $0.7 million increase in net interest income, totaling $139.5 million. Total loans grew by $274.8 million to $10.0 billion, while total deposits increased $325.5 million to $11.2 billion. Despite a seasonal rise in noninterest expense, the company’s return on tangible common equity stood at 20%. A quarterly dividend of $0.25 per share was also approved.
Enterprise Financial Services Corp (Nasdaq: EFSC) will release its first quarter 2023 financial results on April 24, 2023. The Company will follow up with a conference call on April 25, 2023, at 10:00 a.m. CT, accessible via phone and webcast on their website. The financial results will cover key metrics, although specifics are not disclosed in this announcement. EFSC, headquartered in Clayton, Missouri, operates with approximately $13.1 billion in assets through its wholly-owned subsidiary, Enterprise Bank & Trust, providing a variety of banking and wealth management services across multiple states.
