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Enterprise Financial Services: 3Q Earnings Snapshot

CLAYTON, Mo. (AP) _ Enterprise Financial Services Corp. (EFSC) on Monday reported third-quarter earnings of $22.5 million.

The bank, based in Clayton, Missouri, said it had earnings of 97 cents per share. Earnings, adjusted for non-recurring gains, were 86 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 89 cents per share.

The financial holding company posted revenue of $69.2 million in the period. Its revenue net of interest expense was $56.5 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $58 million.

Enterprise Financial Services shares have climbed slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $45.74, a climb of almost 6 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