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Enterprise Financial Services (EFSC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Enterprise Financial Services (EFSC - Free Report) reported revenue of $166.18 million, up 6.7% over the same period last year. EPS came in at $1.21, compared to $1.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $157.53 million, representing a surprise of +5.50%. The company delivered an EPS surprise of +1.68%, with the consensus EPS estimate being $1.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Enterprise Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 55.7% compared to the 57.5% average estimate based on three analysts.
Net Interest Margin: 4.2% versus 4.3% estimated by three analysts on average.
Total nonperforming loans: $43.73 million versus the two-analyst average estimate of $42.41 million.
Average Balance - Total interest earning assets: $13.38 billion versus $13.18 billion estimated by two analysts on average.
Net charge-offs to average loans: 0.4% compared to the 0.2% average estimate based on two analysts.
Total Noninterest Income: $25.45 million versus the three-analyst average estimate of $16.55 million.
Net Interest Income: $140.73 million compared to the $140.70 million average estimate based on two analysts.
Deposit service charges: $4.33 million compared to the $4.15 million average estimate based on two analysts.
Tax credit income: $9.69 million versus the two-analyst average estimate of $1.75 million.
Net interest income (FTE): $142.65 million versus the two-analyst average estimate of $141.53 million.
Wealth management income: $2.43 million versus $2.69 million estimated by two analysts on average.
Shares of Enterprise Financial Services have returned -4.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Enterprise Financial Services (EFSC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Enterprise Financial Services (EFSC - Free Report) reported revenue of $166.18 million, up 6.7% over the same period last year. EPS came in at $1.21, compared to $1.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $157.53 million, representing a surprise of +5.50%. The company delivered an EPS surprise of +1.68%, with the consensus EPS estimate being $1.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Enterprise Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 55.7% compared to the 57.5% average estimate based on three analysts.
- Net Interest Margin: 4.2% versus 4.3% estimated by three analysts on average.
- Total nonperforming loans: $43.73 million versus the two-analyst average estimate of $42.41 million.
- Average Balance - Total interest earning assets: $13.38 billion versus $13.18 billion estimated by two analysts on average.
- Net charge-offs to average loans: 0.4% compared to the 0.2% average estimate based on two analysts.
- Total Noninterest Income: $25.45 million versus the three-analyst average estimate of $16.55 million.
- Net Interest Income: $140.73 million compared to the $140.70 million average estimate based on two analysts.
- Deposit service charges: $4.33 million compared to the $4.15 million average estimate based on two analysts.
- Tax credit income: $9.69 million versus the two-analyst average estimate of $1.75 million.
- Net interest income (FTE): $142.65 million versus the two-analyst average estimate of $141.53 million.
- Wealth management income: $2.43 million versus $2.69 million estimated by two analysts on average.
View all Key Company Metrics for Enterprise Financial Services here>>>Shares of Enterprise Financial Services have returned -4.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.