Enterprise Bank & Trust to Expand in Arizona and Kansas through acquisition of Twelve Banking Offices from First Interstate Bank
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:
Enterprise Financial Services Corp Reports First Quarter 2025 Results
Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company” or “EFSC”), today announced financial results for the first quarter of 2025. “EFSC’s first quarter results were a positive start to 2025,” said Jim Lally, President and Chief Executive Officer. “Our proactive management of the balance sheet and cost of deposits has led to expansion in both net interest income and NIM. Strong earnings resulted in a 1.30% ROAA and a 14.02% ROATCE. We were also excited to announce the acquisition of 10 branches in Arizona and two branches in Kansas from First Interstate Bank. This is an attractive deposit franchise that will strengthen our position and allow us to accelerate growth in two of our existing markets.”
Enterprise Bank & Trust Announces Planned Fourth Quarter Executive Leadership Changes
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.
Enterprise Financial Services Corp Announces First Quarter 2025 Earnings Release and Conference Call
Enterprise Financial Services Corp (Nasdaq: EFSC) (“the Company” or “EFSC”) will release its first quarter 2025 financial results on Monday, April 28, 2025. The Company will host a conference call and webcast at 10:00 a.m. CT on Tuesday, April 29, 2025.
Enterprise Financial Services Corp Announces Updates to Board of Directors
Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company”) announced today that the following directors serving on the Company’s Board of Directors (the “Board”) will not be standing for re-election at the upcoming 2025 Annual Meeting of Stockholders (the “Annual Meeting”): Robert E. Guest, Jr., James M. Havel, Daniel A. Rodriguez and Eloise E. Schmitz.
Enterprise Financial Reports Fourth Quarter and Full Year 2024 Results
Jim Lally, President and Chief Executive Officer of Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company” or “EFSC”), commented, “I am pleased that a continued focus on clients, associates, and our diversified business model has resulted in strong fourth quarter and full year 2024 financial results. These results, along with share repurchases and an increased common stock dividend, demonstrate our commitment to driving long-term shareholder value.”
Enterprise Financial Services Corp Announces Fourth Quarter 2024 Earnings Release and Conference Call
Enterprise Financial Services Corp (Nasdaq: EFSC) (“the Company” or “EFSC”) will release its fourth quarter 2024 financial results on Monday, January 27, 2025. The Company will host a conference call and webcast at 10:00 a.m. CT on Tuesday, January 28, 2025.
Enterprise Financial Services Corp Announces Appointment of Michael E. Finn to Board of Directors
Enterprise Financial Services Corp (Nasdaq: EFSC) today announced the appointment of Michael E. Finn as director of Enterprise Financial Services Corp (the “Company”) and its wholly owned subsidiary, Enterprise Bank & Trust, effective immediately.
Enterprise Financial Reports Third Quarter 2024 Results
Jim Lally, President and Chief Executive Officer of Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company” or “EFSC”), said today upon the release of EFSC’s third quarter earnings, “We are proud of our third quarter results, with a stable net interest margin, expansion in net interest income and an 11% increase in diluted earnings per share over the linked quarter. Our consistent return profile increased tangible book value per share 25% on an annualized basis from the linked quarter, and 20% over the prior year’s third quarter. With the strength of our balance sheet and capital position as a foundation, I believe we are well positioned to continue executing on the opportunities within our markets.”
Enterprise Financial Services Corp Announces Third Quarter 2024 Earnings Release and Conference Call
Enterprise Financial Services Corp (Nasdaq: EFSC) (“the Company” or “EFSC”) will release its third quarter 2024 financial results on Monday, October 21, 2024. The Company will host a conference call and webcast at 10:00 a.m. CT on Tuesday, October 22, 2024.
Enterprise Financial Reports Second Quarter 2024 Results
Jim Lally, President and Chief Executive Officer of Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company” or “EFSC”), said today upon the release of EFSC’s second quarter earnings, “I was very pleased with our second quarter results, including our strong asset quality and the growth in operating revenue, customer deposits, and tangible common equity. We had a return on average assets of 1.25% and a return on tangible common equity of 13.8%. These returns increased our tangible book value per share by 10% on an annualized basis this quarter. Over the past 10 years, we have produced a compounded annual growth rate of 10% on our tangible book value per share. With the strength of our balance sheet and our solid return profile, we opportunistically repurchased over $8 million of common stock and announced another increase to our quarterly dividend.”
Enterprise Financial Services Corp Announces Second Quarter 2024 Earnings Release and Conference Call
Enterprise Financial Services Corp (Nasdaq: EFSC) (“the Company” or “EFSC”) will release its second quarter 2024 financial results on Monday, July 22, 2024. The Company will host a conference call and webcast at 10:00 a.m. CT on Tuesday, July 23, 2024.
