Enterprise Financial Services Corporation (EFSC) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 NORTH MERAMEC
CLAYTON, MO 63105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments289,6062,021,689537,703167,256196,552153,323
Cash and cash equivalents289,6062,021,689537,703167,256196,552153,323
Asset, held-for-sale, not part of disposal group1,2286,38913,5645,570  
Total current assets:290,8342,028,078551,267172,826196,552153,323
Noncurrent Assets
Operating lease, right-of-use asset 17,35513,48313,63614,843
Property, plant and equipment42,98547,91553,16960,01332,10932,618
Intangible assets, net (including goodwill)382,083387,450283,651236,420125,898128,401
Goodwill365,164365,164260,567210,344117,345117,345
Intangible assets, net (excluding goodwill)16,91922,28623,08426,0768,55311,056
Total noncurrent assets:442,423448,848350,456311,276158,007161,019
Other undisclosed assets12,320,91511,060,4328,849,8486,849,6895,291,1034,974,883
TOTAL ASSETS:13,054,17213,537,3589,751,5717,333,7915,645,6625,289,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt270,773331,006271,081400,886291,450426,417
Total current liabilities:270,773331,006271,081400,886291,450426,417
Noncurrent Liabilities
Other undisclosed liabilities11,261,13611,677,2368,401,5156,065,7204,750,4084,314,235
Total liabilities:11,531,90912,008,2428,672,5966,466,6065,041,8584,740,652
Equity
Equity, attributable to parent1,522,2631,529,1161,078,975867,185603,804548,573
Preferred stock71,98871,988    
Common stock373398332281239238
Treasury stock, value  (73,528)(73,528)(58,181)(42,655)(23,268)
Additional paid in capital982,6601,018,799697,839526,599350,936350,061
Accumulated other comprehensive income (loss)(130,332)18,77737,12017,749(9,282)(3,818)
Retained earnings597,574492,682417,212380,737304,566225,360
Total equity:1,522,2631,529,1161,078,975867,185603,804548,573
TOTAL LIABILITIES AND EQUITY:13,054,17213,537,3589,751,5717,333,7915,645,6625,289,225

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues515,082383,230304,779305,134264,487227,139
Net investment income515,082383,230304,779305,134237,802202,539
Cost of revenue (13,385)(65,398)(6,372)(6,644)(10,130)
Provision for loan, lease, and other losses (13,385)(65,398)(6,372) 
Financial services costs(6,644)(10,130)
Gross profit:515,082369,845239,381298,762257,843217,009
Operating expenses(38,232)(32,817)(26,447)(24,390)(85,044)(80,530)
Other operating income, net
(Noninterest Income, Other Operating Income)
     8,8297,120
Operating income:476,850337,028212,934274,372181,628143,599
Interest and debt expense(41,179)(23,036)(34,778)(66,417)(45,897)(25,235)
Other undisclosed loss from continuing operations before equity method investments, income taxes(176,211)(145,359)(86,209)(91,919)(31,154)(31,847)
Income from continuing operations before equity method investments, income taxes:259,460168,63391,947116,036104,57786,517
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:259,460168,63391,947116,036104,57786,517
Income tax expense(56,417)(35,578)(17,563)(23,297)(15,360)(38,327)
Income from continuing operations:203,043133,05574,38492,73989,21748,190
Income before gain (loss) on sale of properties:133,05574,38492,73989,21748,190
Net income attributable to parent:203,043133,05574,38492,73989,21748,190
Preferred stock dividends and other adjustments(4,041)     
Net income available to common stockholders, diluted:199,002133,05574,38492,73989,21748,190

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:203,043133,05574,38492,73989,21748,190
Other comprehensive income (loss)(149,109)(18,343)19,37127,031(4,630)(2,077)
Comprehensive income, net of tax, attributable to parent:53,934114,71293,755119,77084,58746,113

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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