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Enterprise Financial Services posts 1Q profit

CLAYTON, Mo. (AP) _ Enterprise Financial Services Corp. (EFSC) on Monday reported first-quarter net income of $12.4 million.

The Clayton, Missouri-based bank said it had earnings of 56 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 59 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 59 cents per share.

The financial holding company posted revenue of $50.7 million in the period. Its adjusted revenue was $45.6 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 $43.55, a climb of 62 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


Keywords: Enterprise Financial Services, Earnings Report