Enterprise Financial reports Q4 EPS $1.16, consensus $1.19

Lally added, “While the charge-offs and related provision for credit losses reduced our earnings for the year, we achieved a 1.4% ROAA driven by a 10% increase in pre-provision net revenue. Our consistent marketing efforts and partnership with our customers resulted in a 12% increase in net loan growth, with the increase being primarily funded with core deposits. For the full year, we reported earnings per share of $5.07 and a 16.4% return on average tangible common equity. As we look to 2024, we expect to continue to capitalize on opportunities to grow and strengthen the Company.”