Enterprise Financial reports Q1 EPS $1.46, consensus $1.37

Jim Lally, President and Chief Executive Officer of Enterprise Financial Services Corp said upon the release of EFSC‘s first quarter earnings, "We delivered strong results in the first quarter, with high quality loan growth, enhanced liquidity and an improved capital position. In a competitive and challenging environment, we have continued to serve our customers with products and relationship-based services that meet their needs, driving a $75 million increase in customer deposits in the first quarter. Our focus in these areas resulted in a return on assets of 1.7% and a return on tangible common equity of 20% for the first quarter. As we look to the remainder of 2023, we believe the strength of our balance sheet and our diversified business model have us well positioned."