Enterprise Financial Services: 2Q Earnings Snapshot
CLAYTON, Mo. (AP) _ Enterprise Financial Services Corp. (EFSC) on Monday reported second-quarter net income of $18.4 million.
The Clayton, Missouri-based bank said it had earnings of 68 cents per share. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The financial holding company posted revenue of $91.2 million in the period. Its revenue net of interest expense was $73.7 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $72.3 million.
Enterprise Financial Services shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.39, a decrease of 30% in the last 12 months.