Quarterly ResultMay 1, 2026, 04:14 PM
Enterprise Financial Q1 Net Interest Income +12.6%; Net Income $49.36M
AI Summary
Enterprise Financial Services Corp reported a slight decrease in net income and diluted EPS for the first quarter of 2026 compared to the prior year, with net income available to common stockholders falling to $48.42 million. Despite this, net interest income saw a significant increase of 12.6% to $166.15 million. The company also experienced a notable 21.6% reduction in total nonperforming loans, though the provision for credit losses increased by nearly 40%.
Key Highlights
- Net income available to common stockholders decreased 1.2% to $48.42 million.
- Diluted earnings per common share was $1.30, down from $1.31 in Q1 2025.
- Net interest income increased 12.6% to $166.15 million compared to Q1 2025.
- Provision for credit losses rose 39.7% to $7.24 million from Q1 2025.
- Total assets decreased 0.42% to $17.23 billion at March 31, 2026, from Q4 2025.
- Total deposits decreased 0.58% to $14.52 billion at March 31, 2026, from Q4 2025.
- Total nonperforming loans decreased 21.6% to $64.94 million at March 31, 2026, from Q4 2025.
- Allowance for credit losses on loans increased 1.45% to $142.06 million from Q4 2025.
Price Impact
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