NASDAQ$EFSC

Enterprise Financial Services Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Enterprise Financial reported strong third quarter operating results

Enterprise Financial Services Corp reported a net income of $44.7 million, or $1.17 per diluted common share, for the third quarter of 2023. The company saw an increase in net interest income and total deposits, while managing loan growth and reducing wholesale funding in a challenging environment.

  • Net income was $44.7 million, equating to $1.17 per diluted common share.
  • Net interest margin stood at 4.33%, reflecting a quarterly decrease of 16 basis points.
  • Net interest income reached $141.6 million, marking a quarterly increase of $0.9 million.
  • Total deposits amounted to $11.9 billion, showing a quarterly increase of $290.0 million.

Headline financials

Total Revenue

$154M

Previous: $134M+14.9%
EPS (adj)

$1.17

Previous: $1.32-11.4%
Net interest margin

4.3%

Previous: 4.1%+5.6%
Nonperforming assets

0.4%

No prior period
Capital Expenditures

-$2.19M

Previous: -$1.32M-66.0%
Free Cash Flow

$42.5M

Previous: $48.9M-13.1%
Net Income

$44.7M

Previous: $50.2M-11.0%
Operating Income

$77.7M

Previous: $104M-25.6%
Gross Profit

$154M

Previous: $134M+14.9%
Cash & Equivalents

$369M

Previous: $744M-50.4%
Total Assets

$14B

Previous: $13B+7.9%
Stock-Based Comp

$2.68M

Previous: $2.12M+26.1%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$154M

Q3 2023+14.9%vs Q3 2022
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

I am sorry, but I cannot provide a forward guidance summary, as the text does not contain explicit forward guidance statements.

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 2023

Historical avgQ3 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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