NASDAQ$EFSC

Enterprise Financial Services Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in net income compared to the linked quarter, while remaining comparable to the prior year quarter and achieved several critical milestones.

Enterprise Financial Services Corp reported a net income of $28.9 million for Q4 2020, comparable to the prior year quarter. EPS was $1.00 per diluted share. The company closed the acquisition of Seacoast Commerce Banc Holdings and supported customers in the PPP forgiveness process.

  • Closed the acquisition of Seacoast Commerce Banc Holdings, adding approximately $1.3 billion in assets, $1.2 billion in loans and $1.0 billion in deposits
  • Net income of $28.9 million, or $1.00 per diluted share.
  • Net interest margin of 3.66%
  • Return on average assets (“ROAA”) of 1.26%; Pre-Provision Net Revenue (“PPNR”) ROAA1 of 2.07%

Headline financials

Total Revenue

$96M

Previous: $76M+26.2%
EPS (adj)

$1.00

Previous: $1.09-8.3%
Net interest margin

3.7%

Previous: 3.7%-0.5%
TCE to TA

8.4%

Previous: 8.9%-5.5%
CET1 Capital Ratio

10.9%

Previous: 9.9%+10.3%
Total Capital Ratio

14.9%

Previous: 12.9%+15.6%
Tier 1 Capital Ratio

12.1%

Previous: 11.4%+6.3%
Capital Expenditures

$626K

Previous: $2.33M-73.1%
Free Cash Flow

$34.6M

Previous: $23.6M+47.0%
Net Income

$28.9M

Previous: $29.1M-0.5%
Operating Income

$35.4M

Previous: $36.3M-2.5%
Cash & Equivalents

$545M

Previous: $167M+226.0%
Total Assets

$9.75B

Previous: $7.33B+33.0%
Stock-Based Comp

$1.11M

Previous: $1.02M+9.2%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$96M

Q4 2020+26.2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Looking to 2021, we are well-positioned financially and organizationally to leverage our relationship-based banking model to achieve our strategic objectives.”

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 Q4 2020

Historical avgQ4 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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