Enterprise Financial ServicesNASDAQ: EFSC

Moving past Wall Street's projected revenue and profit figures for Enterprise Financial Services (EFSC), analyze a few critical metrics to better understand how the company may perform in the first quarter of 2024.

Enterprise Financial Services Corp. (EFSC) Q4 2023 Earnings Call Transcript

The headline numbers for Enterprise Financial Services (EFSC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Enterprise Financial Services (EFSC) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.58 per share a year ago.

Besides Wall Street's top -and-bottom-line estimates for Enterprise Financial Services (EFSC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Enterprise Financial Services Corp has shown consistent growth in assets, net interest income, and net profits over the past few years. The bank has successfully grown its deposits and loans, while reducing exposure to uninsured deposits. The company's book value per share has gradually increased, and Enterprise Financial Services Corp shares are attractively priced compared to its book value and earnings.

Enterprise Financial Services' preferred shares are yielding 9% after a recent sell-off, prompting me to double their holdings. The bank's net interest income is growing, and its net interest margin remains above pre-pandemic levels, indicating a strong asset portfolio. Enterprise Financial is incrementally growing its deposits and loans, with a modest leverage ratio and multiple sources of liquidity.

Enterprise Financial Services Corp (NASDAQ:EFSC ) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Company Participants James Lally - President and Chief Executive Officer Scott Goodman - President of Enterprise Bank & Trust Keene Turner - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Rulis - D.A. Davidson & Co. Andrew Liesch - Piper Sandler & Co. Damon DelMonte - Keefe, Bruyette, & Woods, Inc. Brian Martin - Janney Montgomery Scott LLC Operator Thank you for standing by.

Enterprise Financial Services (EFSC) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.31 per share a year ago.