NASDAQ$EFSC

Enterprise Financial Services Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a record fourth quarter with increased revenue and earnings, driven by strategically diversified revenue streams and the inclusion of First Choice Bancorp's results.

Enterprise Financial Services Corp reported a strong fourth quarter in 2021, with net income of $50.8 million, or $1.33 per diluted share. The company's success was attributed to its diversified revenue streams and the inclusion of First Choice Bancorp's results. The company is well-positioned for future interest rate increases due to its variable-rate loan portfolio and strong noninterest-bearing deposit base.

  • Net income increased to $50.8 million, or $1.33 per diluted share.
  • Completed systems integration of First Choice Bancorp.
  • Return on average assets was 1.52%, and Pre-Provision Net Revenue ROAA was 1.89%.
  • Redeemed $50.0 million subordinated debentures, issued $75.0 million preferred stock, and repurchased 577,478 shares of common stock.

Headline financials

Total Revenue

$125M

Previous: $96M+30.0%
EPS (adj)

$1.33

Previous: $1.00+33.0%
Net interest margin

3.3%

Previous: 3.7%-9.3%
Capital Expenditures

$865K

Previous: $626K+38.2%
Free Cash Flow

$54.1M

Previous: $34.6M+56.1%
Net Income

$50.8M

Previous: $28.9M+75.6%
Operating Income

$64.7M

Previous: $35.4M+82.4%
Gross Profit

$102M

No prior period
Cash & Equivalents

$209M

Previous: $545M-61.6%
Total Assets

$13.5B

Previous: $9.75B+38.8%
Stock-Based Comp

$1.91M

Previous: $1.11M+72.1%

Revenue & EPS history

Enterprise Financial · Revenue · Quarterly

$125M

Q4 2021+30%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this 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 Q4 2021

Historical avgQ4 2021

+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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