2024-05-20 10:30:00 ET
Summary
- Enterprise Financial Services' net interest income decreased in the first quarter due to increased non-interest expenses and a minor contraction in net interest margins.
- The bank's loan book is mainly focused on commercial and industrial loans and commercial real estate.
- The preferred shares of Enterprise Financial offer a 6.5% dividend yield and remain an interesting investment option.
Introduction
Enterprise Financial Services ( EFSC ) is a Missouri-based holding company which owns the Enterprise Bank & Trust bank, which is active in Missouri and the Southwest , as shown below....
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Enterprise Financial: The 6.5% Yielding Preferred Shares Are Attractive