Overview

* Enterprise Financial Q2 net income rises to $51.4 mln, EPS at $1.36

* Net interest income increases to $152.8 mln, driven by loan growth

* Net interest margin improves to 4.21% with effective deposit cost management

Result Drivers

* LOAN GROWTH - Net interest income increased due to organic loan growth and higher average loan balances

* SECURITIES INVESTMENT - Strategic investments in securities portfolio contributed to increased net interest income

* DEPOSIT COST MANAGEMENT - Effective management of deposit costs helped improve net interest margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $51.40

Income mln

Q2 Net $152.80

Interest mln

Income

Q2 $0.31

Dividend

Q2 Net 4.2%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Enterprise Financial Services Corp ( EFSC ) is $65.00, about 14% above its July 25 closing price of $55.92

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)