NASDAQ$EFSC

Enterprise Financial Services Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Enterprise Financial's second quarter earnings for 2024 were released, showing an increase in net income and EPS compared to the linked quarter, but a decrease compared to the prior year quarter.

Enterprise Financial Services Corp reported a net income of $45.4 million, or $1.19 per diluted common share, for the second quarter of 2024. This represents an increase compared to the linked quarter but a decrease compared to the prior year quarter. The company's net interest margin was 4.19%, and it saw growth in operating revenue, customer deposits, and tangible common equity.

  • Net income was $45.4 million, or $1.19 per diluted common share.
  • Net interest margin was 4.19%, a quarterly increase of 6 basis points.
  • Total deposits reached $12.3 billion, reflecting a quarterly increase of $28.7 million.
  • The company repurchased 225,135 shares and increased the quarterly dividend to $0.27 per common share.

Headline financials

Total Revenue

$156M

Previous: $155M+0.7%
EPS

$1.19

Previous: $1.29-7.8%
ROAA

1.3%

No prior period
ROATCE

13.8%

No prior period
Net interest margin

4.2%

Previous: 4.5%-6.7%
Capital Expenditures

-$4.74M

Previous: -$1.6M-195.8%
Free Cash Flow

$40.7M

Previous: $47.5M-14.3%
Net Income

$45.4M

Previous: $49.1M-7.5%
Operating Income

$58.9M

Previous: $93.7M-37.1%
Gross Profit

$145M

Previous: $155M-6.2%
Cash & Equivalents

$391M

Previous: $321M+21.8%
Total Assets

$14.6B

Previous: $13.9B+5.4%
Stock-Based Comp

$2.64M

Previous: $2.67M-1.0%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$156M

Q2 2024+0.7%vs Q2 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in the earnings report.

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 Q2 2024

Historical avgQ2 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro