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Enterprise Financial Services Corp. (EFSC)
NASDAQ:EFSC
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.18Last Year’s EPS
$1.16Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: 10.32%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant improvements in earnings, deposits, and asset quality. However, challenges such as muted loan growth in specific portfolios, potential economic impacts on credit losses, and interest rate pressures were also highlighted.Company Guidance
In the third quarter of 2024, EFSC delivered strong financial results, with earnings per share (EPS) of $1.32, an increase from $1.19 in the previous quarter and $1.17 in the same quarter last year. The company reported net income of $50.6 million and a net interest income of $143.5 million, reflecting a $2.9 million increase. The net interest margin was maintained at 4.7%, and the tangible book value per share saw a 25% annualized increase. EFSC's adjusted return on assets and pre-provision return on assets were 1.32% and 1.74% respectively. Loan growth was reported at $80 million or 3% annualized, while deposits grew by $200 million for the second consecutive quarter, with the quarterly cost of deposits at 2.18%. The company's tangible common equity to tangible assets ratio was 9.5%, with an adjusted return on tangible common equity at 14.16%. EFSC increased its dividend to $0.28 per share and returned $9.7 million to shareholders through stock repurchases.Strong Financial Performance
EPS of $1.32, up from $1.19 in the previous quarter and $1.17 in Q3 2023. Net interest income increased to $143.5 million, and there was a 25% annualized increase in tangible book value per share from the linked quarter.
Deposit Growth
Customer deposits grew by nearly $200 million for the second consecutive quarter, with an overall increase in customer deposit balances in 4 of the last 5 quarters.
Solid Loan Performance
Loans grew by $80 million or 3% annualized, with notable growth in Life Insurance Premium Finance and solid growth in Southwestern and Western markets.
Improved Asset Quality
Nonperforming assets decreased by $15.2 million compared to the linked quarter, and net charge-offs were low at 14 basis points of average loans.
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EFSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EFSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $51.30 | $52.73 | +2.79% |
| Jul 22, 2024 | $47.24 | $53.08 | +12.36% |
| Apr 22, 2024 | $39.05 | $38.55 | -1.28% |
| Jan 22, 2024 | $43.08 | $41.46 | -3.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enterprise Financial Services Corp. (EFSC) report earnings?
Enterprise Financial Services Corp. (EFSC) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Enterprise Financial Services Corp. (EFSC) earnings time?
Enterprise Financial Services Corp. (EFSC) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFSC EPS forecast?
EFSC EPS forecast for the fiscal quarter 2024 (Q4) is $1.18.
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