ENTERPRISE FINANCIAL SERVICES CORP SEC 10-Q Report
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Enterprise Financial Services Corp, a prominent financial services company, has released its Form 10-Q report for the third quarter of 2025. The report highlights the company's robust financial performance and strategic business initiatives, underscoring its continued growth and market expansion.
Financial Highlights
- Total Interest Income: $218.967 million, increased from $211.780 million in the previous quarter due to higher average loan and securities balances.
- Net Interest Income: $152.762 million, up from $147.516 million in the previous quarter, driven by organic loan growth and proactive management of deposit costs.
- Net Income: $51.384 million, an increase from $49.961 million in the previous quarter, reflecting improved net interest income and noninterest income.
- Net Income Available to Common Stockholders: $50.447 million, compared to $49.023 million in the previous quarter.
- Basic Earnings Per Common Share: $1.36, up from $1.33 in the previous quarter, reflecting higher net income.
- Diluted Earnings Per Common Share: $1.36, increased from $1.31 in the previous quarter.
- Return on Average Assets: 1.30%, consistent with the previous quarter, indicating stable asset utilization.
- Return on Average Common Equity: 11.03%, slightly down from 11.10% in the previous quarter, reflecting changes in equity levels.
- Net Interest Margin (tax equivalent): 4.21%, up from 4.15% in the previous quarter, due to higher yields on loans and securities.
Business Highlights
- Revenue Segments: The company reported an increase in noninterest income primarily due to higher BOLI income and community development investment income. Additionally, there was a significant increase in tax credit income and gains on SBA loan sales.
- Geographical Performance: The company is expanding its presence in Arizona and Kansas through a pending acquisition of twelve branches from First Interstate, which is expected to close in the fourth quarter of 2025.
- Sales Units: The company sold $55.7 million of the guaranteed portion of SBA 7(a) loans during the six months ended June 30, 2025, compared to $23.1 million in the same period in 2024.
- Future Outlook: The company anticipates completing the acquisition of twelve branches from First Interstate in the fourth quarter of 2025, which will enhance its market presence and operational capabilities in Arizona and Kansas.
SEC Filing: ENTERPRISE FINANCIAL SERVICES CORP [ EFSC ] - 10-Q - Aug. 01, 2025