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Enterprise Financial Services Corp. (EFSC)
NASDAQ:EFSC
RESEARCH TOOLSreports
Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.18Last Year’s EPS
1.16Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 7.63%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall financial performance with significant growth in deposits and solid credit quality. Despite some challenges in loan demand and a slight increase in non-performing assets, the company is well-positioned for future growth.Company Guidance
During the Enterprise Financial Services Corp. Fourth Quarter 2024 Earnings Conference Call, guidance highlighted strong financial performance, with earnings of $1.28 per diluted share compared to $1.32 in the previous quarter and $1.16 in the same quarter of 2023. The company posted an adjusted return on assets of 1.31% and a pre-provision return on assets of 1.80%. Net interest margin remained above 4%, supported by an increase in client deposits, which grew by $677 million in the quarter. Loan demand increased by $140 million, or 5% on an annualized basis, despite a $27 million decline in the agricultural portfolio. Enterprise Financial Services maintained a strong deposit base, with the cost of deposits declining to 2% and DDAs making up over 34% of total deposits. The tangible common equity to tangible assets ratio was stable at 9.05%, and the company achieved a 14.05% adjusted return on tangible common equity. Additionally, the dividend was increased to $0.29 per share for the first quarter of 2025, and $11 million was returned to shareholders through stock repurchases. The company remains focused on strategic growth, diversification, and maintaining strong credit quality, with non-performing loans and assets at modest levels and an allowance for credit losses at 1.34% of unguaranteed total loans.Strong Financial Performance
EFSC reported earnings of $1.28 per diluted share for Q4 2024, compared to $1.16 in Q4 2023. Adjusted return on assets was 1.31%, and pre-provision return on assets was 1.80%.
Deposit Growth
Client deposits increased by $677 million in Q4, marking the fifth growth quarter out of the last six. The cost of deposits declined to 2%, with DDAs increasing to over 34% of total deposits.
Loan Growth
Loan demand increased, with a growth of $140 million or 5% annualized. Life insurance premium finance grew by $158 million or 16.5% for the year.
Capital and Shareholder Returns
Tangible common equity to tangible assets was 9.05%. The dividend was increased by $0.01 per share, and $11 million was returned to shareholders via stock repurchases.
Stable Credit Quality
Net charge-offs were 16 basis points for the full year, an improvement from 37 basis points in 2023. Allowance for credit losses represented 1.34% of unguaranteed total loans.
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EFSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EFSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $57.56 | $60.04 | +4.31% |
| Oct 21, 2024 | $51.30 | $52.73 | +2.79% |
| Jul 22, 2024 | $47.24 | $53.08 | +12.36% |
| Apr 22, 2024 | $39.05 | $38.55 | -1.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enterprise Financial Services Corp. (EFSC) report earnings?
Enterprise Financial Services Corp. (EFSC) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Enterprise Financial Services Corp. (EFSC) earnings time?
Enterprise Financial Services Corp. (EFSC) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFSC EPS forecast?
EFSC EPS forecast for the fiscal quarter 2024 (Q4) is 1.18.
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