Enterprise Financial reports Q2 EPS $1.19, consensus $1.06

Reports Q2 NII $140.5M vs. $140.7M last year. Reports Q2 net interest margin 4.19% vs. 4.49% last year. Jim Lally, CEO, said upon the release of EFSC‘s second quarter earnings, “I was very pleased with our second quarter results, including our strong asset quality and the growth in operating revenue, customer deposits, and tangible common equity. We had a return on average assets of 1.25% and a return on tangible common equity of 13.8%. These returns increased our tangible book value per share by 10% on an annualized basis this quarter. Over the past 10 years, we have produced a compounded annual growth rate of 10% on our tangible book value per share. With the strength of our balance sheet and our solid return profile, we opportunistically repurchased over $8 million of common stock and announced another increase to our quarterly dividend.”