NASDAQ$EFSC

Enterprise Financial Services Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Delivered strong results in Q1 with high quality loan growth, enhanced liquidity and an improved capital position.

Enterprise Financial Services Corp reported a strong first quarter with a net income of $55.7 million, or $1.46 per diluted common share. The company saw increases in total loans and deposits, along with an improved net interest margin.

  • Net income was $55.7 million, $1.46 per diluted common share.
  • Net interest margin was 4.71%, a quarterly increase of five basis points.
  • Total loans reached $10.0 billion, a quarterly increase of $274.8 million.
  • Total deposits amounted to $11.2 billion, a quarterly increase of $325.5 million.

Headline financials

Total Revenue

$156M

Previous: $120M+30.6%
EPS (adj)

$1.46

Previous: $1.23+18.7%
Net interest margin

4.7%

Previous: 3.3%+43.6%
TCE to TA

8.8%

No prior period
Total Capital Ratio

14.3%

No prior period
Capital Expenditures

-$681K

Previous: -$457K-49.0%
Free Cash Flow

$55.1M

Previous: $47.2M+16.6%
Net Income

$55.7M

Previous: $47.7M+16.9%
Operating Income

$115M

Previous: $102M+12.2%
Gross Profit

$156M

Previous: $120M+30.6%
Cash & Equivalents

$282M

Previous: $1.98B-85.7%
Total Assets

$13.3B

Previous: $13.7B-2.8%
Stock-Based Comp

$2.47M

Previous: $1.69M+46.4%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$156M

Q1 2023+30.6%vs Q1 2022
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

As we look to the remainder of 2023, we believe the strength of our balance sheet and our diversified business model have us well positioned.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.9%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.9%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+12.9%

Q2 2024

Best reaction

-7.5%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+3.2%+5.6%
Q4 2025+2.0%+2.6%+5.5%
Q3 2025-1.9%-4.6%+0.2%
Q2 2025-1.1%-0.5%+5.2%
Q1 2025+0.7%+2.5%+2.5%
Q4 2024+4.3%+4.0%+1.7%
Q3 2024-0.2%-2.7%+10.7%
Q2 2024+12.9%+13.7%+5.1%
Q1 2024-1.2%-2.2%-1.0%
Q4 2023-1.6%-1.6%-5.5%
Q3 2023-5.8%-3.0%+7.4%
Q2 2023-4.4%-3.2%-8.5%
Q1 2023-2.6%-1.3%-4.7%
Q4 2022+8.0%+6.5%+12.4%
Q3 2022+5.7%+10.7%+9.4%
Q2 2022+2.7%+9.8%+10.2%
Q1 2022-3.2%-5.5%-3.1%
Q4 2021+4.0%+4.4%+4.5%
Q3 2021-4.4%-2.9%+0.2%
Q2 2021+2.1%+5.0%+6.8%
Q1 2021-3.4%-2.0%-1.8%
Q4 2020+0.4%-5.1%+17.8%
Q3 2020-3.7%+0.7%+13.1%
Q2 2020+5.8%+3.6%+6.7%
Q1 2020-1.9%-0.0%-2.2%
Q4 2019-3.4%-5.7%-7.2%
Q3 2019+5.4%+6.4%+8.0%
Q2 2019+4.6%+7.3%-2.6%
Q1 2019-3.3%-2.8%-5.6%
Q4 2018+5.2%+12.5%+12.8%
Q3 2018-7.5%-10.4%-6.7%
Q2 2018+1.2%+1.5%+2.9%
Q1 2018+2.9%+5.2%+13.2%
Q4 2017+1.0%+2.0%+0.4%
Q3 2017+0.1%+3.5%+1.4%
Q2 2017-0.5%-1.9%-4.7%
Q1 2017+1.7%-0.4%-3.1%
Q4 2016+2.3%+9.2%+18.3%
Q3 2016-0.3%+0.9%+21.2%
Q2 2016+4.1%+3.9%+10.2%
Q1 2016+0.5%
Q4 2015+7.7%
Q3 2015+11.6%
Q2 2015+0.8%
Q1 2015+0.9%
Q4 2014+4.7%
Q3 2014+1.3%
Q2 2014-0.6%
Q1 2014-5.4%
Q4 2013-4.4%
Q3 2013+3.3%
Q2 2013+4.9%
Q1 2013+4.1%
Q4 2012-5.8%
Q3 2012+1.0%
Q2 2012-3.3%
Q1 2011+0.2%
Q4 2009+7.0%
Q4 2011+7.0%
Q1 2012+7.0%
Q3 2011-4.6%
Q3 2010-4.6%
Q2 2011+1.1%
Q2 2010+0.8%
Q1 2010-0.2%

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