Enterprise Financial Reports Q3 EPS of $1.32, Up 13% YoY

Enterprise Financial (EFSC) reported Q3 2024 earnings with net income of $50.6 million, or $1.32 per diluted share, and a net interest income of $143.5 million, up $2.9 million. The company experienced a stable net interest margin, expansion of net interest income, and a 25% annualized increase in tangible book value per share from the linked quarter. CEO Jim Lally attributed the strong performance to the diversified business model, which does not rely on any one business, market, or asset class to produce high-quality earnings.