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Stock impact report

Enterprise Financial Reports First Quarter 2020 Results

Enterprise Financial Services Corporation (EFSC) 
Last enterprise financial services corporation earnings: 4/20 04:02 pm Check Earnings Report
Company Research Source: Business Wire
First Quarter ResultsNet income of $12.9 million, $0.48 per diluted share, including the impact of provision for credit losses of $0.63 per shareNet interest margin (tax equivalent) of 3.79%Return on average assets of 0.70%Loans increased $143.2 million, or 11% annualizedDeposits increased $218.9 million, or 15% annualized ST. LOUIS--(BUSINESS WIRE)--Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company” or “EFSC”) reported net income of $12.9 million for the first quarter 2020, a decrease of $16.2 million compared to the linked fourth quarter (“linked quarter”) and a decrease of $3.3 million from the prior year quarter. Earnings per diluted share (“EPS”) was $0.48 for the first quarter 2020, compared to $1.09 and $0.67 for the linked and prior year quarters, respectively. Net income and EPS in the current quarter declined from the linked quarter and prior year quarter primarily due to an increase in provision for credit losses, described in more detail below. Merger-rela Show less Read more
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