Enterprise Financial Services Corp. (EFSC) on Monday reported third-quarter earnings of $13.9 million.
The bank, based in Clayton, Missouri, said it had earnings of 38 cents per share. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The financial holding company posted revenue of $120.8 million in the period. Its revenue net of interest expense was $114.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $112.8 million.