Enterprise Financial Services Q1: Mixed Results, Growth Ahead

Enterprise Financial Services reported Q1 revenue of $185.2M, up 10% YoY but missing analyst targets. EPS hit $1.31, beating expectations by $0.01. Loans grew in commercial real estate and insurance premium finance, but total balances slipped due to paydowns. Management is improving asset quality, with four troubled properties under contract. Net interest margin expanded to 4.28% due to lower funding costs. The company aims for mid-single-digit loan and deposit growth, with margins holding steady in the low 4.2% range. Geopolitical tensions and borrower caution could impact growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e6c3d807897c6002