NASDAQ$EFSC

Enterprise Financial Services Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported solid third quarter earnings, driven by a reduction in provision for credit losses and an increase in noninterest income, partially offset by merger-related expenses.

Enterprise Financial Services Corp reported net income of $18.0 million for the third quarter 2020, an increase of $3.3 million compared to the linked second quarter and a decrease of $11.1 million from the prior year quarter. Earnings per diluted share was $0.68 for the third quarter 2020, compared to $0.56 and $1.08 for the linked and prior year quarters, respectively.

  • Net income of $18.0 million, $0.68 per diluted share, including the impact of provision for credit losses of $0.40 per share
  • Net interest margin (tax equivalent) of 3.29%
  • Return on average assets of 0.86%
  • Received Federal Reserve and FDIC approval for announced acquisition of Seacoast Commerce Banc Holdings

Headline financials

Total Revenue

$76M

Previous: $76.6M-0.8%
EPS (adj)

$0.68

Previous: $1.09-37.6%
ROAA

0.9%

No prior period
Net interest margin

3.3%

No prior period
Capital Expenditures

-$1.63M

Previous: -$4.01M+59.3%
Free Cash Flow

$16.3M

Previous: $25.1M-34.9%
Net Income

$18M

Previous: $29.1M-38.2%
Operating Income

$53.4M

Previous: $46.2M+15.7%
Gross Profit

$76M

Previous: $76.6M-0.8%
Cash & Equivalents

$391M

Previous: $257M+52.4%
Total Assets

$8.37B

Previous: $7.35B+13.9%
Stock-Based Comp

$1.04M

Previous: $1.11M-6.2%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$76M

Q3 2020-0.8%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The Company expects to consummate the proposed transaction in the fourth quarter of 2020.

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 Q3 2020

Historical avgQ3 2020

+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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