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28.04.25 - 22:09
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Enterprise Financial Services Corp Reports First Quarter 2025 Results (Business Wire)
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First Quarter Results
Net income of $50.0 million, or $1.31 per diluted common share, compared to $1.28 in the linked quarter and $1.05 in the prior year quarter
Net interest margin (“NIM”) of 4.15%, quarterly increase of 2 basis points
Net interest income of $147.5 million, quarterly increase of $1.1 million
Total loans of $11.3 billion, quarterly increase of $78.4 million
Total deposits of $13.0 billion, quarterly decrease of $112.3 million
Return on average assets (“ROAA”) of 1.30%, compared to 1.27% and 1.12% in the linked and prior year quarters, respectively
Return on average tangible common equity (“ROATCE”)1 of 14.02%, compared to 13.63% and 12.31% in the linked and prior year quarters, respectively
Tangible common equity to tangible assets1 of 9.30%, an increase of 25 basis points and 29 basis points from the linked and prior year quarters, respectively
Tangible book value per common share1 of $38.54, annualized quarterly increase of 14%
Returned $10.6 million to stockholders through ...
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28.04.25 - 22:09
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Enterprise Bank & Trust to Expand in Arizona and Kansas through acquisition of Twelve Banking Offices from First Interstate Bank (Business Wire)
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ST. LOUIS & BILLINGS, Mont.--(BUSINESS WIRE)--Enterprise Financial Services Corp (“Enterprise”) (NASDAQ: EFSC) and First Interstate BancSystem, Inc. (“First Interstate”) (NASDAQ: FIBK) have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two separate franchises, with ten branches in Arizona and two branches in Kansas. The purchase and assumption agreement provides for the transfer by First Interstate Bank to Enterprise Bank & Trust of the facilities and other associated assets of the branches, approximately $740 million in deposits, and certain, mostly commercially-oriented, loans with outstanding balances of roughly $200 million. Upon closing of the transaction, the following branches will become a part of Enterprise Bank & Trust:
Arizona Locations:
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28.04.25 - 22:09
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Enterprise Bank & Trust Announces Planned Fourth Quarter Executive Leadership Changes (Business Wire)
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Scott Goodman, President, to transition into an advisory role
Doug Bauche, Chief Credit Officer, to be promoted to newly created role of Chief Banking Officer
Kevin Handley, EVP, Regional Senior Lender, to be promoted to the role of Chief Credit Officer
ST. LOUIS--(BUSINESS WIRE)--Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp (Nasdaq: EFSC), today announced several changes to its executive leadership team that will become effective later this year as part of the bank's ongoing growth and succession planning.
Scott Goodman will transition from his current role as President of Enterprise Bank & Trust and a Senior Executive Vice President of EFSC, into the role of a Vice-Chairman of Enterprise Bank & Trust, a part-time, non-management role focusing on strategic advisory and client-liaison activities. The transition is expected to occur on October 1, 2025. Goodman has been President of Enterprise Bank & Trust for 12 years and has been with the company for 22 years.
“...
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28.04.25 - 03:30
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ICBC (Asia)'s HK Science Park Branch Opens (AAStocks)
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Last Friday, ICBC (Asia) inaugurated its branch at the Hong Kong Science Park, alongside establishing the Innovation and Technology Enterprise Financial Services Centre and the SME Financial Service Center, to provide comprehensive financial support to over 2,200 technology companies within the Science Park.During the event, ICB......
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