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Enterprise Financial Services: 1Q Earnings Snapshot

CLAYTON, Mo. (AP) _ Enterprise Financial Services Corp. (EFSC) on Monday reported first-quarter earnings of $16.2 million.

The Clayton, Missouri-based bank said it had earnings of 67 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 91 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The financial holding company posted revenue of $76.8 million in the period. Its revenue net of interest expense was $61.6 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $61.5 million.

Enterprise Financial Services shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.40, a fall of 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EFSC at https://www.zacks.com/ap/EFSC