Welcome to our dedicated page for Enterprise Finl Svcs news (Ticker: EFSC), a resource for investors and traders seeking the latest updates and insights on Enterprise Finl Svcs stock.
Enterprise Financial Services Corp (Nasdaq: EFSC) is a financial holding company in the commercial banking industry, headquartered in Clayton, Missouri. Its news flow reflects the activities of its primary subsidiary, Enterprise Bank & Trust, a Missouri state-chartered trust company with banking powers that operates branches in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico, along with SBA loan and deposit production offices across the United States.
News about EFSC frequently covers quarterly financial results, including net interest income, net interest margin, loan and deposit trends, asset quality metrics, and capital ratios. Earnings releases are often accompanied by announcements of dividends on common and preferred stock, as well as details on pre-provision net revenue and other non-GAAP measures discussed in the company’s reports.
Investors following EFSC can also expect updates on strategic transactions such as branch acquisitions. For example, Enterprise Bank & Trust has announced and completed the acquisition of twelve branches from First Interstate Bank, adding locations in Arizona and Kansas along with associated deposits and performing loans. These items appear in both press releases and related Form 8-K filings.
Additional EFSC news includes earnings release schedules, conference call and webcast details, investor presentation updates, and information on executive leadership changes at Enterprise Bank & Trust and the holding company. Together, these announcements provide insight into EFSC’s financial performance, geographic expansion, and corporate governance. Readers interested in EFSC news can use this page to review a consolidated stream of company-issued press releases and related market updates.
Enterprise Financial Services Corp (Nasdaq: EFSC) reported a net income of $47.7 million for Q1 2022, marking a $3.1 million decrease from the previous quarter but a $17.8 million increase year-over-year. Earnings per diluted share (EPS) stood at $1.23 compared to $1.33 in Q4 2021. The bank's net interest margin was 3.28%, down from 3.32% in Q4 2021. EFSC increased its quarterly dividend by 5% to $0.22, repurchased 351,090 shares, and saw a notable loan growth of $176.3 million excluding PPP loans.
Enterprise Financial Services Corp (Nasdaq: EFSC) will release its first quarter 2022 financial results on April 25, 2022. A conference call is scheduled for April 26, 2022, at 10:00 a.m. CT, accessible via telephone and webcast through the Company's Investor Relations page. EFSC, with approximately $13.7 billion in assets, operates through its wholly-owned subsidiary, Enterprise Bank & Trust, offering comprehensive banking and wealth management services across multiple states.
Enterprise Financial Services Corp (NASDAQ: EFSC) announced the appointment of Stephen P. Marsh and Daniel A. Rodrigues as directors effective March 8, 2022. Both currently serve on the board of the company’s subsidiary, Enterprise Bank & Trust (EB&T). Judith S. Heeter will retire from the Board and not stand for re-election at the upcoming Annual Meeting. Marsh and Rodrigues are expected to bring extensive experience in financial services and operations that will enhance the Board's strategic planning capabilities. The Company manages approximately $13.5 billion in assets.
Enterprise Financial Services Corp (Nasdaq: EFSC) reported a fourth-quarter net income of $50.8 million, or $1.33 per diluted share, a significant increase from the previous year. This brings the annual net income to $133.1 million, or $3.86 per share, boosted by the acquisition of First Choice Bancorp, which added approximately $2.3 billion in assets. With a ROAA of 1.52% in Q4 and strong credit quality, the company is well-positioned for growth, particularly benefiting from its variable-rate loan portfolio. The Board declared a quarterly dividend of $0.21 per share.
Enterprise Financial Services Corp (Nasdaq: EFSC) is set to release its fourth quarter 2021 financial results on January 24, 2022. A conference call will follow on January 25, 2022, at 10:00 a.m. CT, accessible by phone and webcast. The company, headquartered in Clayton, Missouri, manages approximately $12.9 billion in assets through its wholly-owned subsidiary, Enterprise Bank & Trust, with operations across multiple states. For more details, visit www.enterprisebank.com.
Enterprise Financial Services Corp (EFSC) reported a net income of $13.9 million or $0.38 per diluted share for Q3 2021, a decrease compared to prior quarters. The acquisition of First Choice Bancorp added approximately $2.3 billion in assets and $1.9 billion in loans. Despite merger-related expenses of $14.7 million and a $25.4 million CECL double count charge, pre-provision net revenue was a record $56 million. A quarterly dividend was raised by 5% to $0.20 per share. Total deposits increased by $2.2 billion to $10.8 billion.
Enterprise Financial Services Corp (Nasdaq: EFSC) will announce its Q3 2021 financial results on October 25, 2021. A conference call is scheduled for October 26, 2021, at 10:00 a.m. CT, accessible by phone or via webcast through the company’s Investor Relations page. EFSC holds approximately $12.7 billion in assets and operates through its subsidiary, Enterprise Bank & Trust, across multiple states.
Enterprise Financial Services Corp (Nasdaq: EFSC) reported a net income of $38.4 million for Q2 2021, up $8.5 million from the previous quarter and $23.8 million year-over-year. The EPS rose to $1.23, surpassing both $0.96 and $0.56 in earlier periods. Key highlights include a PPNR of $47.4 million, driven by strong noninterest income. Deposits increased by $124.1 million to $8.6 billion. The company also announced a 6% dividend increase and $12 million in stock repurchases, reflecting robust performance amid economic recovery.
Enterprise Financial Services Corp (Nasdaq: EFSC) has completed its merger with First Choice Bancorp, effective July 21, 2021. This transaction adds approximately $2.4 billion in assets, $2.0 billion in loans, and $1.9 billion in deposits to Enterprise, increasing its total assets to about $12.7 billion. The merger enhances Enterprise's geographic presence with eight new branches in California. Shareholders of First Choice received 0.6603 shares of Enterprise stock and cash for fractional shares, valuing the deal at approximately $346 million. Peter Hui from FCBP joins the Enterprise Board.
Enterprise Financial Services Corp (Nasdaq: EFSC) announced that its stockholders approved the merger with First Choice Bancorp (FCBP) during a special meeting held on July 20, 2021. This decision follows the prior approval from FCBP’s shareholders on July 19, 2021. The merger is subject to customary closing conditions. EFSC, with approximately $10.2 billion in assets, operates numerous branches across several states, providing a variety of banking and wealth management services. The completion of this merger aims to enhance Enterprise's market position and service offerings.