Enterprise Financial Services Corporation - EFSC STOCK NEWS

Enterprise Financial Services Corp (Nasdaq: EFSC) will announce its third quarter 2022 financial results on October 24, 2022. A conference call will follow on October 25, 2022, at 10:00 a.m. CT, accessible via phone at 1-888-550-5279. The company, based in Clayton, Missouri, manages approximately $13.1 billion in assets through its wholly-owned subsidiary, Enterprise Bank & Trust. Stakeholders can access the press release and presentation slides on the investor relations section of their website, along with a recorded call replay for two weeks after the event.

Enterprise Financial Services Corp (Nasdaq: EFSC) reported a net income of $45.1 million or $1.19 per diluted share for Q2 2022, a decrease of $2.5 million from the previous quarter but an increase of $6.7 million year-over-year. Total loans grew by 13% annualized to $9.2 billion, reflecting diversified growth across business lines. The net interest margin improved to 3.55%, while total deposits decreased by $611.5 million to $11.1 billion. A quarterly dividend of $0.23 was declared, up 5% from the previous quarter.

Enterprise Financial Services Corp (NASDAQ: EFSC) will announce its second quarter 2022 financial results on July 25, 2022, with a subsequent conference call scheduled for 10:00 a.m. CT on July 26, 2022. The call can be accessed via phone at 1-888-550-5279 (Conference ID #7004515) or through a webcast on the company's investor relations page. EFSC, headquartered in Clayton, Missouri, manages approximately $13.7 billion in assets and offers a variety of banking services through its subsidiary, Enterprise Bank & Trust.

Enterprise Financial Services Corp (Nasdaq: EFSC) announced a new share repurchase program, authorizing the buyback of up to 2,000,000 shares, which equates to approximately 5% of its outstanding shares as of March 31, 2022. This decision reflects strong earnings trends and capital position, with over $93 million returned to shareholders through previous repurchases since January 2021. The program allows shares to be purchased in various ways compliant with federal and state securities laws.

Enterprise Financial Services Corp (Nasdaq: EFSC) reported a net income of $47.7 million for Q1 2022, marking a $3.1 million decrease from the previous quarter but a $17.8 million increase year-over-year. Earnings per diluted share (EPS) stood at $1.23 compared to $1.33 in Q4 2021. The bank's net interest margin was 3.28%, down from 3.32% in Q4 2021. EFSC increased its quarterly dividend by 5% to $0.22, repurchased 351,090 shares, and saw a notable loan growth of $176.3 million excluding PPP loans.

Enterprise Financial Services Corp (Nasdaq: EFSC) will release its first quarter 2022 financial results on April 25, 2022. A conference call is scheduled for April 26, 2022, at 10:00 a.m. CT, accessible via telephone and webcast through the Company's Investor Relations page. EFSC, with approximately $13.7 billion in assets, operates through its wholly-owned subsidiary, Enterprise Bank & Trust, offering comprehensive banking and wealth management services across multiple states.

Enterprise Financial Services Corp (NASDAQ: EFSC) announced the appointment of Stephen P. Marsh and Daniel A. Rodrigues as directors effective March 8, 2022. Both currently serve on the board of the company’s subsidiary, Enterprise Bank & Trust (EB&T). Judith S. Heeter will retire from the Board and not stand for re-election at the upcoming Annual Meeting. Marsh and Rodrigues are expected to bring extensive experience in financial services and operations that will enhance the Board's strategic planning capabilities. The Company manages approximately $13.5 billion in assets.

Enterprise Financial Services Corp (Nasdaq: EFSC) reported a fourth-quarter net income of $50.8 million, or $1.33 per diluted share, a significant increase from the previous year. This brings the annual net income to $133.1 million, or $3.86 per share, boosted by the acquisition of First Choice Bancorp, which added approximately $2.3 billion in assets. With a ROAA of 1.52% in Q4 and strong credit quality, the company is well-positioned for growth, particularly benefiting from its variable-rate loan portfolio. The Board declared a quarterly dividend of $0.21 per share.

Enterprise Financial Services Corp (Nasdaq: EFSC) is set to release its fourth quarter 2021 financial results on January 24, 2022. A conference call will follow on January 25, 2022, at 10:00 a.m. CT, accessible by phone and webcast. The company, headquartered in Clayton, Missouri, manages approximately $12.9 billion in assets through its wholly-owned subsidiary, Enterprise Bank & Trust, with operations across multiple states. For more details, visit www.enterprisebank.com.