Quarterly ResultJul 31, 2026, 03:48 PM
Enterprise Financial Q2 Net Income Down 20% to $40.9M; EPS $1.09
AI Summary
Enterprise Financial Services Corp reported a significant decline in net income for the second quarter and first half of 2026. Q2 net income decreased 20.35% to $40.9 million, with diluted EPS falling to $1.09. The company saw an increase in total interest income but also a substantial rise in provision for credit losses. Total assets and loans showed modest growth, while deposits experienced a slight decrease.
Key Highlights
- Net income for Q2 2026 decreased 20.35% to $40.9 million from $51.4 million in Q2 2025.
- Diluted earnings per share for Q2 2026 fell to $1.09, down from $1.36 in Q2 2025.
- Total interest income for Q2 2026 increased 4.72% to $229.3 million.
- Provision for credit losses surged 309.51% to $14.2 million in Q2 2026.
- Total assets increased 0.57% to $17.40 billion as of June 30, 2026.
- Total deposits decreased 0.73% to $14.50 billion as of June 30, 2026.
- Common stock dividends paid for H1 2026 were $24.5 million ($0.67 per share).
- Repurchased $50.25 million of common stock during the first six months of 2026.
Price Impact
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