CLAYTON, Mo. (AP) 鈥� CLAYTON, Mo. (AP) 鈥� Enterprise Financial Services Corp. (EFSC) on Wednesday reported first-quarter profit of $49.4 million.
The Clayton, Missouri-based bank said it had earnings of $1.30 per share. Earnings, adjusted for non-recurring costs, came to $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The financial holding company posted revenue of $244.2 million in the period. Its revenue net of interest expense was $185.2 million, also exceeding Street forecasts.
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