Enterprise Financial Services (EFSC) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Enterprise Financial Services (EFSC) reported revenue of $164.89 million, up 7.3% over the same period last year. EPS came in at $1.29, compared to $1.17 in the year-ago quarter.The reported revenue represents a surprise of +4.65% over the Zacks Consensus Estimate of $157.56 million. With the consensus EPS estimate being $1.14, the EPS surprise was +13.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Enterprise Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 59.4% versus the three-analyst average estimate of 60.2%. Net Interest Margin: 4.2% compared to the 4.2% average estimate based on three analysts. Total nonperforming loans: $28.38 million versus $41.15 million estimated by two analysts on average. Average Balance - Total interest earning assets: $13.88 billion compared to the $13.71 billion average estimate based on two analysts. Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.2%. Total Noninterest Income: $21.42 million versus the three-analyst average estimate of $15.54 million. Net Interest Income: $143.47 million compared to the $142.25 million average estimate based on two analysts. Deposit service charges: $4.65 million versus the two-analyst average estimate of $5 million. Tax credit income: $3.25 million compared to the $1.50 million average estimate based on two analysts. Net interest income (FTE): $145.56 million versus $144.07 million estimated by two analysts on average. Wealth management income: $2.60 million versus $2.80 million estimated by two analysts on average. View all Key Company Metrics for Enterprise Financial Services here>>>Shares of Enterprise Financial Services have returned +1.6% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enterprise Financial Services Corporation (EFSC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks