ENTERPRISE FINANCIAL SERVICES CORP EFSC Income Statement

Enterprise financial services corp (EFSC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans
67,169	67,539	71,214	69,628	61,025	58,431	55,383	52,948	50,450	50,199	48,020	47,307	39,926	36,505	34,442	34,183	32,608	32,261	30,626	29,875	29,608	31,813	28,395	29,743	31,444	33,851	34,396	35,585	39,349	42,487	39,886	37,272	34,361	36,508	30,983	34,951	27,631	28,738	24,490
Interest on debt securities:
Taxable
7,557	7,794	8,004	7,757	5,475	4,772	4,482	4,228	3,987	3,881	3,855	3,585	3,230	2,396	2,410	2,397	2,387	2,408	2,176	2,117	2,141	2,166	2,190	2,189	2,166	2,115	2,043	2,054	2,113	2,437	2,628	2,366	2,446	2,476	2,853	3,243	2,570	1,626	1,830
Nontaxable
1,489	1,238	969	861	447	258	263	271	282	299	294	304	386	318	322	328	332	335	298	285	297	292	298	299	299	302	301	305	301	275	264	236	234	246	184	155	110	48	39
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	1	0	1
Interest on interest-earning deposits
300	406	572	703	447	364	306	231	240	267	173	234	130	184	67	58	61	58	68	38	47	42	43	36	66	80	37	46	47	62	53	65	77	133	166	113	148	73	102
Dividends on equity securities
173	261	319	252	223	177	323	201	205	143	126	112	68	35	52	67	72	34	12	37	58	72	110	42	49	87	106	71	100	85	43	90	97	99	99	97	73	89	83
Total interest income
76,688	77,238	81,078	79,201	67,617	64,002	60,757	57,879	55,164	54,789	52,468	51,542	43,740	39,438	37,293	37,033	35,460	35,096	33,180	32,352	32,151	34,385	31,036	32,309	34,024	36,435	36,883	38,061	41,910	45,346	42,874	40,029	37,215	39,463	34,285	38,559	30,533	30,574	26,545
Interest expense:
Interest Expense, Deposits
9,888	-	-	-	11,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-bearing transaction accounts
-	-	2,048	2,134	-	1,221	799	817	806	474	523	523	675	403	332	329	306	300	293	279	277	268	163	110	112	101	99	123	138	155	182	193	191	205	211	206	189	194	236
Money market accounts
-	-	6,959	6,996	-	6,140	5,423	4,445	3,353	2,867	2,410	1,938	1,493	1,277	1,143	1,013	1,006	857	822	672	642	621	653	700	742	732	714	752	882	985	1,024	1,240	1,430	1,777	2,004	2,124	2,082	1,598	1,454
Savings accounts
-	-	232	231	-	168	157	147	125	127	125	125	82	71	68	63	60	57	58	54	50	50	52	50	49	54	56	56	59	66	68	72	69	59	35	9	9	9	9
Certificates of Deposit
-	-	3,970	3,758	-	3,053	2,878	2,338	1,899	1,757	1,493	1,373	1,215	1,249	1,319	1,183	1,019	1,323	1,543	1,594	1,591	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
$100 and over
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,335	1,336	1,326	1,347	1,326	1,429	1,452	1,577	1,691	1,840	1,969	2,174	2,297	2,305	2,357	2,223	2,474
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	406	419	424	437	439	460	486	551	597	696	810	907	855	800	1,053	1,306	1,534
Subordinated debentures and notes
1,919	1,945	1,956	1,958	1,648	1,493	1,483	1,454	1,368	1,327	1,316	1,288	1,164	816	369	361	348	324	314	308	302	306	306	303	407	439	679	949	952	971	982	980	1,149	1,140	1,128	1,126	1,121	1,261	1,239
FHLB advances
895	1,371	2,203	1,696	1,398	1,121	1,729	1,448	1,258	672	832	522	330	56	126	191	182	45	9	24	49	454	490	456	399	717	757	730	734	727	721	768	838	881	881	888	900	1,081	1,099
Notes payable and other borrowings
618	601	664	713	408	213	195	182	184	161	144	140	139	112	106	110	111	111	135	141	195	199	187	193	199	237	239	254	308	263	125	107	130	116	105	97	114	70	63
Total interest expense
13,320	15,625	18,032	17,486	15,274	13,409	12,664	10,831	8,993	7,385	6,843	5,909	5,098	3,984	3,463	3,250	3,032	3,017	3,174	3,072	3,106	3,569	3,592	3,567	3,658	4,064	4,309	4,753	5,011	5,295	5,390	5,896	6,586	7,259	7,516	7,555	7,825	7,742	8,108
Net interest income
63,368	61,613	63,046	61,715	52,343	50,593	48,093	47,048	46,171	47,404	45,625	45,633	38,642	35,454	33,830	33,783	32,428	32,079	30,006	29,280	29,045	30,816	27,444	28,742	30,366	32,371	32,574	33,308	36,899	40,051	37,484	34,133	30,629	32,204	26,769	31,004	22,708	22,832	18,437
Provision for credit losses
22,264	1,341	1,833	1,722	1,476	2,120	2,263	390	1,871	2,552	2,422	3,623	1,533	-982	3,038	716	833	543	599	2,150	1,580	1,968	66	1,348	1,027	2,452	-652	-4,295	1,853	5,916	1,048	75	1,718	0	5,400	4,300	3,600	7,650	8,960
Provision reversal for purchased credit impaired loan losses
-	-	-	-	-	-	-	-	-	-	0	-207	-148	-	-1,194	-336	-73	-917	-227	0	-3,270	126	-1,877	-470	3,304	2,185	2,811	-2,278	2,256	653	10,889	206	2,285	-144	2,672	275	0	-	-
Net interest income after provision for credit losses
41,104	60,272	61,213	59,993	50,867	48,473	45,830	46,658	44,300	44,497	43,203	42,217	37,257	34,833	31,986	33,403	31,668	32,453	29,634	27,130	30,735	28,722	29,255	27,864	26,035	27,734	30,415	39,881	32,790	33,482	25,547	33,852	26,626	32,348	18,697	26,429	19,108	15,182	9,477
Noninterest income:
Change in FDIC loss share receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-580	-1,241	-945	-2,264	-1,781	-2,374	-2,742	-2,410	-4,526	-2,849	-6,713	-4,085	-8,131	1,912	-5,694	-2,956	-4,642	1,513	-1,081	716	-	-
Total noninterest income
13,408	14,418	13,564	11,964	9,230	10,702	8,410	9,693	9,542	11,112	8,372	7,934	6,976	9,029	6,976	7,049	6,005	6,557	4,729	5,806	3,583	4,852	4,452	3,405	3,922	4,946	3,716	-1,677	2,914	-3,576	7,832	845	3,983	601	8,726	4,218	4,963	4,895	5,287
Noninterest expense:
Employee compensation and benefits
21,685	20,411	20,845	20,687	19,352	16,669	16,297	16,582	16,491	15,292	15,090	15,798	15,208	12,448	12,091	12,660	12,647	11,833	11,475	11,274	11,513	11,350	11,913	11,853	12,116	14,272	10,777	10,766	11,463	10,541	11,441	11,052	10,463	10,557	9,329	8,265	8,688	7,363	7,035
Occupancy
3,347	3,461	3,179	3,188	2,637	2,408	2,394	2,342	2,406	2,429	2,434	2,265	1,929	1,892	1,705	1,609	1,683	1,653	1,605	1,621	1,694	1,529	1,683	1,675	1,640	1,979	1,689	1,693	1,916	1,231	1,399	1,379	1,384	1,415	1,306	1,141	1,139	901	1,097
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	384	386	464	385	431	431	354	341	325
Data processing
2,082	1,827	2,051	2,458	1,906	1,687	1,634	1,533	1,467	1,444	1,389	1,806	1,633	1,282	1,150	1,187	1,104	1,044	1,138	1,127	1,030	1,185	1,045	1,125	1,126	1,137	1,143	936	921	924	881	829	820	1,287	642	604	626	539	554
Professional fees
862	836	1,064	1,037	746	515	1,023	747	849	975	922	1,079	837	1,665	757	719	684	839	800	854	972	1,256	710	592	1,267	1,482	1,041	928	1,425	-	1,288	-	-	-	-	-	-	-	-
FDIC and other insurance
-	-	-	815	-	-	-	920	917	-	882	650	824	777	780	738	723	745	654	665	726	714	710	761	699	652	900	833	859	833	862	843	953	936	828	1,133	1,222	1,147	1,019
Loan legal and other real estate expense
-	-	-	818	-	-	-	-23	299	-	586	613	345	509	416	353	357	456	530	548	278	951	811	1,040	1,134	1,141	1,247	2,075	33	1,516	1,187	1,955	2,074	3,436	1,576	3,255	2,436	2,694	1,669
FHLB prepayment penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298	50	412	1,876	1,028	143	-111	-	62	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses
0	0	393	10,306	7,270	1,271	0	0	0	0	315	4,480	1,667	1,084	302	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
10,697	13,452	10,707	9,745	7,927	10,310	8,574	7,118	6,714	12,020	5,786	5,960	4,293	3,524	3,613	4,087	3,564	3,880	3,432	3,319	3,325	4,733	3,221	3,256	3,231	4,057	4,149	3,916	3,668	2,422	3,840	4,970	5,206	1,420	4,190	3,195	3,500	2,708	2,693
Total noninterest expense
38,673	38,354	38,239	49,054	39,838	30,747	29,922	29,219	29,143	28,260	27,404	32,651	26,736	23,181	20,814	21,353	20,762	22,886	19,932	19,458	19,950	24,795	21,121	20,445	21,102	28,199	21,008	21,147	20,285	21,701	21,282	21,414	21,364	22,574	18,302	18,024	17,965	15,693	14,392
Income before income tax expense
15,839	36,336	36,538	22,903	20,259	28,428	24,318	27,132	24,699	27,349	24,171	17,500	17,497	20,681	18,148	19,099	16,911	16,124	14,431	13,478	14,368	8,779	12,586	10,824	8,855	4,481	13,123	17,057	15,419	8,205	12,097	13,283	9,245	10,375	9,121	12,623	6,106	4,384	372
Income tax expense
2,971	7,246	7,469	4,479	4,103	4,899	1,802	4,881	3,778	19,820	7,856	5,545	5,106	7,053	6,316	6,747	5,886	5,445	4,722	4,762	5,022	2,812	4,388	3,664	3,007	860	4,713	6,024	5,379	2,790	4,167	4,517	3,060	3,169	3,289	4,350	1,994	1,183	-205
Net Income (Loss) Attributable to Parent
12,868	29,090	29,069	18,424	16,156	23,529	22,516	22,251	20,921	7,529	16,315	11,955	12,391	13,628	11,832	12,352	11,025	10,679	9,709	8,716	9,346	5,967	8,198	7,160	5,848	3,621	8,410	11,033	10,040	5,415	7,930	8,766	6,185	7,206	5,832	8,273	4,112	3,201	577
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,153	7,282	8,122	5,544	6,570	5,200	7,643	3,486	2,583	-38
Earnings per common share
Basic (usd per share)
0.49	1.10	1.09	0.69	0.68	1.02	0.97	0.96	0.91	0.32	0.70	0.51	0.57	0.68	0.59	0.62	0.55	0.52	0.49	0.44	0.47	0.31	0.41	0.36	0.30	0.16	0.45	0.61	0.56	0.23	0.41	0.46	0.31	0.40	0.29	0.45	0.23	0.17	0.00
Diluted (usd per share)
0.48	1.12	1.08	0.68	0.67	1.01	0.97	0.95	0.90	0.32	0.69	0.50	0.56	0.67	0.59	0.61	0.54	0.52	0.48	0.43	0.46	0.28	0.41	0.36	0.30	0.18	0.44	0.58	0.53	0.23	0.39	0.44	0.31	0.39	0.29	0.43	0.23	0.17	0.00
Deposit Account [Member]
Total noninterest income
3,143	3,254	3,246	3,366	2,935	2,894	2,997	3,007	2,851	2,897	2,820	2,816	2,510	2,184	2,200	2,188	2,043	2,025	2,044	1,998	1,856	1,864	1,812	1,767	1,738	1,800	1,768	1,724	1,533	1,465	1,456	1,413	1,330	1,428	1,332	1,194	1,137	1,208	1,212
Fiduciary and Trust [Member]
Total noninterest income
2,501	2,618	2,661	2,661	1,992	1,974	2,012	2,141	2,114	2,153	2,062	2,054	1,833	1,729	1,694	1,644	1,662	1,716	1,773	1,778	1,740	1,751	1,754	1,715	1,722	1,699	1,698	1,778	1,943	1,775	1,825	1,991	1,709	1,668	1,832	1,658	1,683	1,561	1,548
Card Services Revenue [Member]
Total noninterest income
2,247	2,409	2,494	2,461	1,790	1,760	1,760	1,650	1,516	1,545	1,459	1,392	1,037	506	804	952	868	32	871	840	753	765	849	702	637	687	722	661	647	656	676	578	594	574	464	331	310	308	237
Other real estate
Total noninterest income
-	-	-	-18	-	-	-	0	0	-	0	17	-	1,235	-226	706	122	81	32	9	20	17	114	717	683	1,801	472	362	728	-927	739	1,256	1,157	-177	517	99	423	144	302
Tax credit activity, net [Member]
Total noninterest income
2,036	3,425	1,238	572	158	2,312	192	64	252	2,249	77	9	246	1,748	228	153	518	1,651	321	74	674	1,392	156	207	497	1,289	308	39	867	1,027	256	587	337	1,135	1,368	987	155	884	851
Gain on Sale of Securities, Excluding Acquisition Amount [Domain]
Noninterest Income
-	-	337	-	-	-	0	-	-	0	22	0	0	-	86	-	-	0	0	0	23	0	0	0	0	0	611	0	684	0	0	134	1,022	2	768	506	174	124	525
Financial Service, Other [Member]
Total noninterest income
3,481	2,788	3,588	2,922	2,355	1,753	1,449	2,831	2,809	2,285	1,932	1,646	1,350	1,627	2,190	1,406	792	1,632	929	2,052	781	844	2,141	1,039	1,055	1,152	986	472	597	559	968	580	790	613	932	524	365	666	612