EX-99.1 2 ex991financialstatementsan.htm EARNINGS RELEASE Document

附錄99.1
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企業財務報告2024年第三季度結果

第三季度結果
•5060萬美元的淨利潤，每股稀釋普通股爲1.32美元，而關聯季度爲1.19美元，上年同期爲1.17美元
•淨利息收益率爲4.17％，季度下降 2個點子
•淨利息收入爲1.435億美元，季度增加290萬美元
•總貸款金額爲111億美元，季度增加了79.9百萬美元
•總存款額爲125億美元，季度增加了1.829億美元
•資產平均回報率（「ROAA」）爲1.36%，分別與上一季度的1.25%和去年同期的1.26%進行比較
•平均有形股本回報率（「ROATCE」）1 爲14.55％，分別與上一季度和去年同期的13.77％和14.49％進行了比較
•有形公共股權佔有形資產比率1 分別較上一季度和去年同期增加32個點子和99個點子，達到9.50%。
•每股有形賬面價值1 37.26美元，季度同比增長25%
•回購了195,114股，並將2024年第四季度每股普通股的季度股息從0.01美元提高至0.28美元

聖路易斯，密蘇里州，2024年10月21日 - 企業金融服務公司（納斯達克: EFSC）（以下簡稱「公司」或「EFSC」）總裁兼首席執行官吉姆·拉利（Jim Lally）在EFSC發佈第三季度收益報告時表示：「我們爲第三季度的業績感到自豪，淨利息收益率穩定，淨利息收入擴張，並且每股攤薄收益比上一個季度同比增長11%。我們一貫的回報效益提高了每股有形賬面價值，按年計算從上一個季度增長了25%，較去年同期第三季度增長了20%。憑藉我們資產負債表和資本狀況的實力作爲基礎，我相信我們已經做好了在我們的市場機會中繼續執行的準備。」

亮點

•收益 第三季度2024年的淨利潤爲5060萬美元，較關聯季度和去年同期分別增加510萬美元和590萬美元。2024年第三季度每股攤薄收益爲1.32美元，分別比關聯季度和去年同期的1.19美元和1.17美元高。調整後每股攤薄收益分1 別是2024年第三季度爲1.29美元，分別比關聯季度和去年同期的1.21美元和1.17美元高。
1 ROATCE、有形公共股本對有形資產、有形賬面價值每股股價、調整後稀釋每股收益和PPNR均爲非依據通用會計準則的指標。請參閱附帶財務表中這些指標的討論和調和。



•預備核心淨營業收入（PPNR）1 - 2024年第三季度的PPNR爲6510萬美元，比上一季度增加180萬美元，與去年同期相對穩定。與上一季度相比，主要是由於其他房地產業銷售的非利息收入增加和受益於平均收益資產增加的淨利息收入增加。營業收入的增加部分抵消了非利息支出的增加，主要是由於可變存入資金服務成本和員工薪酬福利的增加。

•淨利息收益和淨利息收益率（「NIM」） 第三季度2024年淨利息收入爲1.435億美元，比上一季度和去年同期分別增加了290萬美元和180萬美元。與上一季度相比，主要由於較高的利息收入資產餘額和季度內增加了一天，第三季度2024年的淨利息收入增加。第三季度2024年的淨利息收益率爲4.17%，分別比上一季度的4.19%和去年同期的4.33%略有下降。第三季度2024年的存款總成本爲2.18%，分別比上一季度和去年同期增加了2個點子和34個點子。

•非利息收入 2024年第三季度非利息收入爲2140萬美元，比上一季度和去年同期增加了590萬美元和930萬美元。與上一季度和去年同期相比的增長主要是由於稅收信貸收入增加，其他房地產業淨收益增加以及社區發展投資收入增加。

•非利息支出 - 2024年第三季度的非利息支出爲9800萬美元，比上一季度和去年同期分別增加了400萬美元和940萬美元。與上一季度和去年同期相比，主要原因是員工薪酬和變量存入資金服務成本的增加。公司在招聘新的客戶關係經理和從現有關係中獲取存款方面取得了成功，這兩者都導致了平均存款餘額的增加。與去年同期相比，支出還受到與核心系統轉換相關的費用的影響。

•貸款 截至2024年9月30日，貸款總額達111億美元，較上個季度增加7990萬美元，較去年同期增加4.631億美元。平均貸款總額在本季度和上個季度均爲110億美元，在去年同期爲105億美元。

•資產質量指標呈進一步遞增趨勢，反映了我們在當前經濟放緩期間關注中市場、企業和工資單貸款的專注性。因此，不良貸款比率在季度內達到了歷史低點(1.1％)，覆蓋率提高到了264％。 - 截至2024年9月30日，信貸損失準備金佔總貸款比例爲1.26％，較2024年6月30日的1.27％和2023年9月30日的1.34％有所降低。不良資產佔總資產比例在2024年9月30日爲0.22％，分別較2024年6月30日和2023年9月30日的0.33％和0.40％有所降低。2024年第三季度的信貸損失準備提取爲410萬美元，較相應的前三季度的480萬美元和800萬美元進行了調整。

•存款 - 截至2024年9月30日，存入資金總額爲125億美元，比上季度增加18290萬美元。不包括經紀存款單證，存款增加19690萬美元。平均存款分別爲125億美元，123億美元和119億美元，分別爲本季度，上季度和去年同期。2024年9月30日，非利息存款帳戶總額爲39億美元，佔總存款的31.6％，貸款存款比率爲88.9％。

•流動性 - 截至2024年9月30日，資產負債表上和表外的可用流動資金總額約爲58億美元。資產負債表上的流動資金包括2024年9月30日的現金42640萬美元和未質押的投資證券14億美元。表外的流動資金包括通過聯邦住房銀行獲得的12億美元、通過聯邦儲備系統獲得的26億美元和通過對應銀行授信額度14000萬美元。公司還有一個未使用的2500萬美元循環信貸額度，並保留了一個允許發行各種形式的股權和債券證券的註冊表。

2


•資本 - 股東權益總額爲18億美元，有形普通股權益與有形資產比率2 在2024年9月30日，企業銀行與信託保持資本充足，其中普通資本一級比率爲12.5％，總風險資本比率爲13.6％。公司在2024年9月30日的普通資本一級比率和總風險資本比率分別爲11.9％和14.8％。

公司董事會批准了每股普通股0.28美元的季度股息，將於2024年12月31日支付給2024年12月16日和之前持股人。董事會還宣佈，每股A類優先股的現金股息爲12.50美元（或每份存託憑證0.3125美元），代表自2024年9月15日至2024年12月15日（含）的年利率爲5%。股息將於2024年12月15日支付，並將於2024年12月16日支付給截至2024年11月29日持有A類優先股股份的股東。
2 有形公共股權與有形資產比率是一種非通用會計原則的指標。請參閱附帶財務表中關於這一指標的討論和調整。

3


Net Interest Income and NIM
Average Balance Sheets
The following table presents, for the periods indicated, certain information related to the average interest-earning assets and interest-bearing liabilities, as well as the corresponding average interest rates earned and paid, all on a tax-equivalent basis.
Quarter ended
September 30, 2024June 30, 2024September 30, 2023
($ in thousands)Average
Balance		Interest
Income/
Expense		Average Yield/ RateAverage
Balance		Interest
Income/
Expense		Average Yield/ RateAverage
Balance		Interest
Income/
Expense		Average Yield/ Rate
Assets
Interest-earning assets:
Loans1, 2
$10,971,575 $191,638 6.95 %$10,962,488 $189,346 6.95 %$10,521,966 $180,382 6.80 %
Securities2
2,503,124 21,404 3.40 2,396,519 19,956 3.35 2,302,850 18,076 3.11 
Interest-earning deposits402,932 5,348 5.28 325,452 4,389 5.42 335,771 4,509 5.33 
Total interest-earning assets13,877,631 218,390 6.26 13,684,459 213,691 6.28 13,160,587 202,967 6.12 
Noninterest-earning assets971,824 961,922 908,273 
Total assets$14,849,455 $14,646,381 $14,068,860 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand accounts$3,018,309 $20,002 2.64 %$2,950,827 $18,801 2.56 %$2,672,084 $13,701 2.03 %
Money market accounts3,551,492 33,493 3.75 3,434,712 31,926 3.74 3,079,221 26,427 3.40 
Savings accounts561,466 345 0.24 573,115 335 0.24 646,187 250 0.15 
Certificates of deposit1,368,339 14,928 4.34 1,412,263 15,312 4.36 1,519,119 14,976 3.91 
Total interest-bearing deposits8,499,606 68,768 3.22 8,370,917 66,374 3.19 7,916,611 55,354 2.77 
Subordinated debentures and notes156,329 2,695 6.86 156,188 2,684 6.91 155,769 2,466 6.28 
FHLB advances4,565 59 5.14 40,308 561 5.60 10,326 141 5.42 
Securities sold under agreements to repurchase140,255 1,217 3.45 158,969 1,401 3.54 146,893 969 2.61 
Other borrowings36,226 96 1.05 36,203 95 1.06 50,571 337 2.66 
Total interest-bearing liabilities8,836,981 72,835 3.28 8,762,585 71,115 3.26 8,280,170 59,267 2.84 
Noninterest-bearing liabilities:
Demand deposits4,046,480 3,973,336 4,005,923 
Other liabilities161,625 162,220 134,162 
Total liabilities13,045,086 12,898,141 12,420,255 
Shareholders' equity1,804,369 1,748,240 1,648,605 
Total liabilities and shareholders' equity$14,849,455 $14,646,381 $14,068,860 
Total net interest income$145,555 $142,576 $143,700 
Net interest margin4.17 %4.19 %4.33 %
1 Average balances include nonaccrual loans. Interest income includes net loan fees of $2.6 million, $2.2 million, and $3.3 million for the three months ended September 30, 2024, June 30, 2024, and September 30, 2023, respectively.
2 Non-taxable income is presented on a fully tax-equivalent basis using a tax rate of approximately 25%. The tax-equivalent adjustments were $2.1 million for each of the three months ended September 30, 2024, June 30, 2024, and September 30, 2023, respectively.



4

Net interest income of $143.5 million for the third quarter 2024 increased $2.9 million and $1.8 million from the linked and prior year quarters, respectively. Net interest income on a tax equivalent basis was $145.6 million, $142.6 million and $143.7 million for the current, linked and prior year quarters, respectively. The increase from the linked and prior quarters reflects the benefit of higher yields combined with organic growth. In late September 2024 the Federal Reserve reduced the federal funds target rate by 50 basis points. In response, since the Company maintains an asset-sensitive balance sheet, deposit pricing has been adjusted to partially mitigate the impact on income from the repricing of variable rate loans.

Interest income increased $4.7 million during the third quarter 2024 due to increases in all interest earning categories, including loans, securities and interest earning cash accounts. Interest income increased primarily due to an increase in average balances compared to the linked quarter. Continued success in deposit generation has increased liquidity, which has been primarily deployed into the securities portfolio.

The average interest rate of new loan originations in the third quarter 2024 was 7.84%, a decrease of 23 basis points from the linked quarter. Investment purchases in the third quarter 2024 had a weighted average, tax equivalent yield of 4.97%.

Interest expense increased $1.7 million in the third quarter 2024 primarily due to an increase in deposit interest expense, partially offset by a decline in interest expense on borrowings. The average cost of interest-bearing deposits was 3.22%, an increase of 3 basis points compared to the linked quarter. The total cost of deposits, including noninterest-bearing demand accounts, was 2.18% during the third quarter 2024, compared to 2.16% in the linked quarter.

NIM, on a tax equivalent basis, was 4.17% in the third quarter 2024, a decrease of 2 basis points from the linked quarter and a decrease of 16 basis points from the prior year quarter. For the month of September 2024, the loan portfolio yield was 6.90% and the cost of total deposits was 2.18%.

Investments

At
September 30, 2024June 30, 2024September 30, 2023
($ in thousands)Carrying ValueNet Unrealized LossCarrying ValueNet Unrealized LossCarrying ValueNet Unrealized Loss
Available-for-sale (AFS)$1,786,793 $(122,158)$1,615,930 $(172,734)$1,487,104 $(235,013)
Held-to-maturity (HTM)851,647 (46,351)772,648 (69,442)730,655 (108,780)
Total$2,638,440 $(168,509)$2,388,578 $(242,176)$2,217,759 $(343,793)

Investment securities totaled $2.6 billion at September 30, 2024, an increase of $249.9 million from the linked quarter. The tangible common equity to tangible assets ratio adjusted for unrealized losses on held-to-maturity securities3 was 9.26% at September 30, 2024, compared to 8.82% at June 30, 2024.

3 The tangible common equity to tangible assets ratio adjusted for unrealized losses on held-to-maturity securities is a non-GAAP measure. Refer to discussion and reconciliation of this measure in the accompanying financial tables.


5

Loans
The following table presents total loans for the most recent five quarters:
At
($ in thousands)September 30,
2024		June 30,
2024		March 31,
2024		December 31, 2023September 30,
2023
C&I$2,145,286 $2,107,097 $2,263,817 $2,186,203 $2,020,303 
CRE investor owned2,346,575 2,308,926 2,280,990 2,291,660 2,260,220 
CRE owner occupied1,322,714 1,313,742 1,279,929 1,262,264 1,255,885 
SBA loans*1,272,679 1,269,145 1,274,780 1,281,632 1,309,497 
Sponsor finance*819,079 865,883 865,180 872,264 888,000 
Life insurance premium financing*1,030,273 996,154 1,003,597 956,162 928,486 
Tax credits*724,441 738,249 718,383 734,594 683,580 
Residential real estate346,460 339,889 354,615 359,957 364,618 
Construction and land development796,586 791,780 726,742 670,567 639,555 
Other275,799 269,142 260,459 268,815 266,676 
Total loans$11,079,892 $11,000,007 $11,028,492 $10,884,118 $10,616,820 
Quarterly loan yield6.95 %6.95 %6.87 %6.87 %6.80 %
Variable interest rate loans to total loans61 %61 %61 %61 %61 %
*Specialty loan category

Loans totaled $11.1 billion at September 30, 2024, an increase of $79.9 million compared to the linked quarter. During the current quarter, C&I loans and CRE loans increased $38.2 million and $46.6 million, respectively. Average line utilization was approximately 44% for the quarter ended September 30, 2024, compared to 46% and 41% for the linked and prior year quarters, respectively.

Asset Quality
The following table presents the categories of nonperforming assets and related ratios for the most recent five quarters:
At
($ in thousands)September 30,
2024		June 30,
2024		March 31,
2024		December 31,
2023		September 30,
2023
Nonperforming loans*$28,376 $39,384 $35,642 $43,728 $48,932 
Other 4,516 8,746 8,466 5,736 6,933 
Nonperforming assets*$32,892 $48,130 $44,108 $49,464 $55,865 
Nonperforming loans to total loans0.26 %0.36 %0.32 %0.40 %0.46 %
Nonperforming assets to total assets0.22 %0.33 %0.30 %0.34 %0.40 %
Allowance for credit losses$139,778 $139,464 $135,498 $134,771 $142,133 
Allowance for credit losses to total loans1.26 %1.27 %1.23 %1.24 %1.34 %
Quarterly net charge-offs$3,850 $605 $5,864 $28,479 $6,856 
*Guaranteed balances excluded$11,899 $12,933 $9,630 $10,682 $5,974 

Nonperforming assets decreased $15.2 million and $23.0 million from the linked and prior year quarters, respectively. The decrease in nonperforming assets in the current quarter was primarily related to the sale of other real estate owned, the positive resolution on several loans, principal repayments and charge-offs in the quarter. Annualized net charge-offs totaled 14 basis points of average loans in the third quarter 2024, compared to 2 basis points in the linked quarter and 26 basis point in the prior year quarter.



6

The provision for credit losses totaled $4.1 million in the third quarter 2024, compared to $4.8 million and $8.0 million in the linked and prior year quarters, respectively. The provision for credit losses in the third quarter 2024 was primarily related to charge-offs and updates to qualitative factors used in the allowance calculation.

Deposits
The following table presents deposits broken out by type for the most recent five quarters:
At
($ in thousands)September 30,
2024		June 30,
2024		March 31,
2024		December 31,
2023		September 30,
2023
Noninterest-bearing demand accounts$3,934,245 $3,928,308 $3,805,334 $3,958,743 $3,852,486 
Interest-bearing demand accounts3,048,981 2,951,899 2,956,282 2,950,259 2,749,598 
Money market and savings accounts4,121,543 4,039,626 4,006,702 3,994,455 3,837,145 
Brokered certificates of deposit480,934 494,870 659,005 482,759 695,551 
Other certificates of deposit879,619 867,680 826,378 790,155 775,127 
Total deposit portfolio$12,465,322 $12,282,383 $12,253,701 $12,176,371 $11,909,907 
Noninterest-bearing deposits to total deposits31.6 %32.0 %31.1 %32.5 %32.3 %
Quarterly cost of deposits2.18 %2.16 %2.13 %2.03 %1.84 %

Total deposits at September 30, 2024 were $12.5 billion, an increase of $182.9 million and $555.4 million from the linked and prior year quarters, respectively. Excluding brokered certificates of deposits, total deposits increased $196.9 million and $770.0 million, from the linked and prior year quarters, respectively. Reciprocal deposits, which are placed through third party programs to provide FDIC insurance on larger deposit relationships, totaled $1.2 billion at both September 30, 2024 and June 30, 2024.

Total estimated insured deposits,4 which includes collateralized deposits, reciprocal accounts and accounts that qualify for pass-through insurance, totaled $8.8 billion, or 70% of total deposits, at September 30, 2024 compared to $8.7 billion, or 71% of total deposits, at June 30, 2024.

Noninterest Income
The following table presents a comparative summary of the major components of noninterest income for the periods indicated:
Linked quarter comparisonPrior year comparison
Quarter ended Quarter ended
($ in thousands)September 30,
2024		June 30,
2024		Increase (decrease)September 30,
2023		Increase (decrease)
Deposit service charges$4,649 $4,542 $107 2 %$4,187 $462 11 %
Wealth management revenue2,599 2,590 9 — %2,614 (15)(1)%
Card services revenue2,573 2,497 76 3 %2,560 13 1 %
Tax credit income (loss)3,252 1,874 1,378 74 %(2,673)5,925 222 %
Other income8,347 3,991 4,356 109 %5,397 2,950 55 %
Total noninterest income$21,420 $15,494 $5,926 38 %$12,085 $9,335 77 %

Total noninterest income was $21.4 million for the third quarter 2024, an increase of $5.9 million and $9.3 million from the linked and prior year quarter, respectively. The increase from the linked and prior year quarters was primarily due to an increase in tax credit income from a positive change in credits carried at fair value, and a net gain on the sale of other real estate that is included in Other income. Tax credit income varies based on transaction volumes and fair value changes on credits carried at fair value.
4 Estimated insured deposits is a non-GAAP measure. Refer to discussion and reconciliation of this measure in the accompanying financial tables.


7


The following table presents a comparative summary of the major components of other income for the periods indicated:
Linked quarter comparisonPrior year comparison
Quarter endedQuarter ended
($ in thousands)September 30,
2024		June 30,
2024		Increase (decrease)September 30,
2023		Increase (decrease)
Gain on sales of other real estate owned$3,159 $— $3,159 100 %$— $3,159 100 %
BOLI1,123 855 268 31 %822 301 37 %
Community development investments1,177 381 796 209 %338 839 248 %
Private equity fund distributions614 411 203 49 %181 433 239 %
Servicing fees539 594 (55)(9)%701 (162)(23)%
Swap fees17 217 (200)(92)%54 (37)(69)%
Gain on SBA loan sales— — — — %1,514 (1,514)(100)%
Miscellaneous income1,718 1,533 185 12 %1,787 (69)(4)%
Total other income$8,347 $3,991 $4,356 109 %$5,397 $2,950 55 %

The increase in other income from the linked and prior year quarters was primarily driven by a $3.2 million net gain on the sale of other real estate in the third quarter 2024 and higher community development income. Community development income and private equity fund distributions are not consistent sources of income and fluctuate based on distributions from the underlying funds. The increase from the prior year quarter was partially offset by a decline in the gain on SBA loan sales that were transacted in the prior year.

Noninterest Expense
The following table presents a comparative summary of the major components of noninterest expense for the periods indicated:
Linked quarter comparisonPrior year comparison
Quarter ended Quarter ended
($ in thousands)September 30,
2024		June 30,
2024		Increase (decrease)September 30,
2023		Increase (decrease)
Employee compensation and benefits$45,359 $44,524 $835 2 %$40,771 $4,588 11 %
Deposit costs23,781 21,706 2,075 10 %20,987 2,794 13 %
Occupancy4,372 4,197 175 4 %4,198 174 4 %
Core conversion expense1,375 1,250 125 10 %— 1,375 100 %
Other expense23,120 22,340 780 3 %22,688 432 2 %
Total noninterest expense$98,007 $94,017 $3,990 4 %$88,644 $9,363 11 %
Employee compensation and benefits increased $0.8 million from the linked quarter primarily due to an increase in the number of work days in the quarter and the success in recruiting new relationship bankers. Deposit costs relate to certain specialized deposit businesses that receive an earnings credit allowance for deposit related expenses that are impacted by interest rates and average balances. Deposit costs increased $2.1 million from the linked quarter primarily due to an increase of $151.6 million in average deposit vertical balances from the linked quarter. Expenses related to the core system conversion for the current and linked quarters were $1.4 million and $1.3 million, respectively, due to the continued progress on the project, which is expected to be completed during the fourth quarter 2024.


8

The increase in noninterest expense of $9.4 million from the prior year quarter was primarily due to an increase in the associate base, merit increases throughout 2023 and 2024, an increase in variable deposit costs due to higher earnings credit rates and average balances, and additional expenses incurred related to the core system conversion.

For the third quarter 2024, the core efficiency ratio5 was 58.4%, compared to 58.1% for the linked quarter and 56.2% for the prior year quarter.

Income Taxes
The effective tax rate was 19.4%, compared to 20.5% and 21.7% in the linked and prior year quarters, respectively. The decrease in the effective tax rate from the linked and prior year quarters was driven by tax credit opportunities the Company has deployed as part of its tax planning strategy.

Capital
The following table presents total equity and various capital ratios for the most recent five quarters:
At
($ in thousands)September 30, 2024*June 30,
2024		March 31, 2024December 31, 2023September 30,
2023
Shareholders’ equity$1,832,011 $1,755,273 $1,731,725 $1,716,068 $1,611,880 
Total risk-based capital to risk-weighted assets14.8 %14.6 %14.3 %14.2 %14.1 %
Tier 1 capital to risk weighted assets13.2 %13.0 %12.8 %12.7 %12.6 %
Common equity tier 1 capital to risk-weighted assets11.9 %11.7 %11.4 %11.3 %11.2 %
Leverage ratio11.2 %11.1 %11.0 %11.0 %10.9 %
Tangible common equity to tangible assets9.50 %9.18 %9.01 %8.96 %8.51 %
                
*Capital ratios for the current quarter are preliminary and subject to, among other things, completion and filing of the Company’s regulatory reports and ongoing regulatory review.

Total equity was $1.8 billion at September 30, 2024, an increase of $76.7 million from the linked quarter. Tangible common book value per share was $37.26 at September 30, 2024, compared to $35.02 and $31.06 at June 30, 2024 and September 30, 2023, respectively.

The Company’s regulatory capital ratios continue to exceed the “well-capitalized” regulatory benchmark. Capital ratios for the current quarter are subject to, among other things, completion and filing of the Company’s regulatory reports and ongoing regulatory review.

Use of Non-GAAP Financial Measures
The Company’s accounting and reporting policies conform to generally accepted accounting principles in the United States (“GAAP”) and the prevailing practices in the banking industry. However, the Company provides additional financial measures, such as tangible common equity, PPNR, ROATCE, core efficiency ratio, the tangible common equity to tangible assets ratio, tangible book value per common share, estimated insured deposits and adjusted diluted earnings per share, in this release that are considered “non-GAAP financial measures.” Generally, a non-GAAP financial measure is a numerical measure of a company’s financial performance, financial position, or cash flows that exclude (or include) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP.

The Company considers its tangible common equity, PPNR, ROATCE, core efficiency ratio, the tangible common equity to tangible assets ratio, tangible book value per common share, estimated insured deposits and adjusted diluted earnings per share, collectively “core performance measures,” presented in this earnings release and the included tables as important measures of financial performance, even though they are non-GAAP measures, as they provide supplemental information by which to evaluate the impact of certain non-comparable items, and the
5 Core efficiency ratio is a non-GAAP measure. Refer to discussion and reconciliation of this measure in the accompanying financial tables.


9

Company’s operating performance on an ongoing basis. Core performance measures exclude certain other income and expense items, such as the FDIC special assessment, core conversion expenses, merger-related expenses, facilities charges, and the gain or loss on the sale of other real estate owned and investment securities, that the Company believes to be not indicative of or useful to measure the Company’s operating performance on an ongoing basis. The attached tables contain a reconciliation of these core performance measures to the GAAP measures. The Company believes that the tangible common equity to tangible assets ratio provides useful information to investors about the Company’s capital strength even though it is considered to be a non-GAAP financial measure and is not part of the regulatory capital requirements to which the Company is subject.

The Company believes these non-GAAP measures and ratios, when taken together with the corresponding GAAP measures and ratios, provide meaningful supplemental information regarding the Company’s performance and capital strength. The Company’s management uses, and believes that investors benefit from referring to, these non-GAAP measures and ratios in assessing the Company’s operating results and related trends and when forecasting future periods. However, these non-GAAP measures and ratios should be considered in addition to, and not as a substitute for or preferable to, ratios prepared in accordance with GAAP. In the attached tables, the Company has provided a reconciliation of, where applicable, the most comparable GAAP financial measures and ratios to the non-GAAP financial measures and ratios, or a reconciliation of the non-GAAP calculation of the financial measures for the periods indicated.

Conference Call and Webcast Information
The Company will host a conference call and webcast at 10:00 a.m. Central Time on Tuesday, October 22, 2024. During the call, management will review the third quarter 2024 results and related matters. This press release as well as a related slide presentation will be accessible on the Company’s website at www.enterprisebank.com under “Investor Relations” prior to the scheduled broadcast of the conference call. The call can be accessed via this same website page, or via telephone at 1-800-715-9871. We encourage participants to pre-register for the conference call using the following link: https://bit.ly/EFSC3Q2024EarningsCallRegistration. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. A recorded replay of the conference call will be available on the website after the call’s completion. The replay will be available for at least two weeks following the conference call.

About Enterprise Financial Services Corp
Enterprise Financial Services Corp (Nasdaq: EFSC), with approximately $15.0 billion in assets, is a financial holding company headquartered in Clayton, Missouri. Enterprise Bank & Trust, a Missouri state-chartered trust company with banking powers and a wholly-owned subsidiary of EFSC, operates branch offices in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico, and SBA loan and deposit production offices throughout the country. Enterprise Bank & Trust offers a range of business and personal banking services and wealth management services. Enterprise Trust, a division of Enterprise Bank & Trust, provides financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, retirement plans and non-profit organizations. Additional information is available at www.enterprisebank.com.

Enterprise Financial Services Corp’s common stock is traded on the Nasdaq Stock Market under the symbol “EFSC.” Please visit our website at www.enterprisebank.com to see our regularly posted material information.

Forward-looking Statements
Readers should note that, in addition to the historical information contained herein, this press release contains “forward-looking statements” within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies and goals, and statements about the Company’s expectations regarding revenue and asset growth, financial performance and profitability, loan and deposit growth, liquidity, yields and returns, loan diversification and credit management, shareholder value creation and the impact of acquisitions.

10

前瞻性陳述通常可以通過諸如「相信」、「期待」、「預期」、「打算」、「展望」、「估計」、「預測」、「項目」、「財務報表」、「管道」等類似詞語和表達方式識別。 前瞻性陳述受許多假設、風險和不確定性的影響，這些因素隨時間而變化。前瞻性陳述僅在其發佈日期才有效。 由於前瞻性陳述受假設和不確定性的影響，實際結果或未來事件可能會與前瞻性陳述中預期的結果存在差異，且未來結果與歷史表現可能存在實質性差異。它們既非歷史事實的陳述，也不構成對未來績效的保證或擔保。 儘管無法保證任何風險和不確定性或風險因素清單完整，但可能導致實際結果與前瞻性陳述中不同的重要因素包括以下，但不限於：公司有效整合收購業務到其運營中、保留這些業務的客戶並發展收購的業務、信貸風險、用於擔保受損貸款的房地產估值變化、訴訟結果和其他不確定性、面臨的普遍和地方經濟及市場條件、高失業率、較高通貨膨脹及其影響（包括美國聯邦政府應對較高通貨膨脹的措施）、美國財政債務、預算和稅收事務，以及全球經濟增長放緩、與當前利率急劇上升或下降相關的風險、我們吸引和留住存款以及其他流動性來源的能力、銀行業整合、來自銀行和其他金融機構的競爭、公司吸引和留住客戶關係人員和其他關鍵人員的能力、聯邦和州監管所加的負擔、法律法規要求的變化，以及當前、未決或未來可能對我們營業收入和業務產生負面影響的立法或監管，其中包括涉及銀行產品和金融服務的規則和法規，會計政策和實踐或會計準則的變化，決定LIBOR的方法和LIBOR的淘汰、自然災害、恐怖活動、戰爭和地緣政治事務（包括以色列戰爭和地區衝突擴大的可能以及烏克蘭戰爭和與之相關的加強制裁和出口管制可能引發的），或大流行病，以及它們對我們業務所處的經濟和商業環境的影響，包括對金融市場和其他經濟活動的相關干擾，以及時不時在公司向證券交易委員會（「SEC」）提交的文件中以及在公司的年度報告中提到的那些因素和風險，截至2023年12月31日結束的形式10-k年度報告，以及公司向SEC提交的其他文件。 公司提醒先前提到的清單並非涵蓋所有可能的風險因素，其他因素也可能對公司的結果產生不利影響。

對於本新聞稿或任何文件中提出的任何前瞻性聲明，EFSC聲明依據1995年《私人證券訴訟改革法案》的前瞻性聲明安全港條款進行保護。

讀者應謹慎，不應過度依賴任何前瞻性聲明。除非適用法律或法規要求，EFSC否認有任何義務對此處包含的任何前瞻性聲明進行修訂或公開發布任何修訂或更新，以反映在發表此類聲明之日後發生的事件或情況。

有關更多信息，請聯繫以下人員：
投資者關係：Keene Turner，高級執行副總裁兼首席財務官(314) 512-7233
媒體：Steve Richardson，企業通信高級副總裁(314) 995-5695
11

企業金融服務公司
財務摘要彙總（未經審計）
季度結束截至九月底的九個月的營業租賃成本
（以千爲單位，每股數據除外）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		9月30日
2024		9月30日
2023
收益摘要
淨利息收入$143,469 $140,529 $137,728 $140,732 $141,639 $421,726 $421,860 
撥備4,099 4,819 5,756 18,053 8,030 14,674 18,552 
非利息收入21,420 15,494 12,158 25,452 12,085 49,072 43,273 
非利息支出98,007 94,017 93,501 92,603 88,644 285,525 255,583 
稅前收入62,783 57,187 50,629 55,528 57,050 170,599 190,998 
所得稅費用12,198 11,741 10,228 10,999 12,385 34,167 41,468 
淨收入50,585 45,446 40,401 44,529 44,665 136,432 149,530 
優先股股息938 937 938 937 938 2,813 2,813 
淨利潤可供普通股股東$49,647 $44,509 $39,463 $43,592 $43,727 $133,619 $146,717 
稀釋每股收益$1.32 $1.19 $1.05 $1.16 $1.17 $3.56 $3.91 
調整後每股攤薄收益1
$1.29 $1.21 $1.07 $1.20 $1.17 $3.57 $3.90 
平均資產回報率1.36 %1.25 %1.12 %1.23 %1.26 %1.24 %1.47 %
調整後的平均資產回報率1
1.32 %1.27 %1.14 %1.28 %1.26 %1.24 %1.46 %
普通股權平均回報率1
11.40 %10.68 %9.52 %10.94 %11.00 %10.55 %12.73 %
調整後的平均普通股權益回報率1
11.09 %10.90 %9.70 %11.35 %11.00 %10.58 %12.69 %
ROATCE1
14.55 %13.77 %12.31 %14.38 %14.49 %13.56 %16.90 %
Adjusted ROATCE1
14.16 %14.06 %12.53 %14.92 %14.49 %13.60 %16.85 %
淨利息收益率（稅前）4.17 %4.19 %4.13 %4.23 %4.33 %4.17 %4.50 %
效率比率59.44 %60.26 %62.38 %55.72 %57.66 %60.65 %54.95 %
核心效率比率1
58.42 %58.09 %60.21 %53.06 %56.18 %58.89 %53.55 %
資產$14,954,125 $14,615,666 $14,613,338 $14,518,590 $14,025,042 
平均資產$14,849,455 $14,646,381 $14,556,119 $14,332,804 $14,068,860 $14,684,589 $13,627,448 
期末普通股份總數37,184 37,344 37,515 37,416 37,385 
每股普通股股息分紅派息$0.27 $0.26 $0.25 $0.25 $0.25 $0.78 $0.75 
每股有形賬面價值1
$37.26 $35.02 $34.21 $33.85 $31.06 
有形公共股權佔有形資產比率1
9.50 %9.18 %9.01 %8.96 %8.51 %
總風險資本佔風險加權資產比例2
14.8 %14.6 %14.3 %14.2 %14.1 %
1請參閱 非GAAP財務指標的調和表現 用表格來對這些指標與GAAP進行對賬。
2本季度的資本比率爲初步數據，還需完成和提交公司的監管報告以及持續的監管審查等。


12

企業金融服務公司
彙總財務摘要（未經審計）（續）
季度結束截至九月底的九個月的營業租賃成本
（以千爲單位，每股數據除外）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		9月30日
2024		9月30日
2023
損益表
淨利息收益
利息收入$216,304 $211,644 $207,723 $207,083 $200,906 $635,671 $557,836 
利息支出72,835 71,115 69,995 66,351 59,267 213,945 135,976 
淨利息收入143,469 140,529 137,728 140,732 141,639 421,726 421,860 
撥備4,099 4,819 5,756 18,053 8,030 14,674 18,552 
經計提信貸損失後的淨利息收入139,370 135,710 131,972 122,679 133,609 407,052 403,308 
非利息收入
存款服務費4,649 4,542 4,423 4,334 4,187 13,614 12,225 
财富管理收入2,599 2,590 2,544 2,428 2,614 7,733 7,602 
卡服務收入2,573 2,497 2,412 2,666 2,560 7,482 7,362 
稅收抵免收入（損失）3,252 1,874 (2,190)9,688 (2,673)2,936 (492)
其他收入8,347 3,991 4,969 6,336 5,397 17,307 16,576 
非利息收入總額21,420 15,494 12,158 25,452 12,085 49,072 43,273 
非利息支出
員工薪酬福利45,359 44,524 45,262 39,651 40,771 135,145 124,915 
存入資金費用23,781 21,706 20,277 21,606 20,987 65,764 50,688 
佔用率4,372 4,197 4,326 4,313 4,198 12,895 12,213 
FDIC特別評估— — 625 2,412 — 625 — 
核心轉換支出1,375 1,250 350 — — 2,975 — 
其他支出23,120 22,340 22,661 24,621 22,688 68,121 67,767 
總非利息支出98,007 94,017 93,501 92,603 88,644 285,525 255,583 
稅前收入62,783 57,187 50,629 55,528 57,050 170,599 190,998 
所得稅費用12,198 11,741 10,228 10,999 12,385 34,167 41,468 
淨利潤$50,585 $45,446 $40,401 $44,529 $44,665 $136,432 $149,530 
優先股股息938 937 938 937 938 2,813 2,813 
淨利潤可供普通股股東$49,647 $44,509 $39,463 $43,592 $43,727 $133,619 $146,717 
基本每股收益$1.33 $1.19 $1.05 $1.16 $1.17 $3.57 $3.93 
稀釋每股收益$1.32 $1.19 $1.05 $1.16 $1.17 $3.56 $3.91 

13

ENTERPRISE FINANCIAL SERVICES CORP
CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued)
    
在阿莫斯萊斯金融創立於1894年6月29日，現在已經爲人們自信地面對他們未來的財務事業提供了130年的幫助。
（以千美元計）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023
資產負債表
資產
現金和存放在銀行的款項$210,984 $176,698 $157,697 $193,275 $190,806 
計息存款218,919 219,342 215,951 243,610 184,245 
債務和股權投資2,714,194 2,460,549 2,443,977 2,434,902 2,279,578 
待售貸款304 606 610 359 212 
貸款11,079,892 11,000,007 11,028,492 10,884,118 10,616,820 
信貸損失準備金(139,778)(139,464)(135,498)(134,771)(142,133)
貸款總額淨額10,940,114 10,860,543 10,892,994 10,749,347 10,474,687 
固定資產淨額44,368 44,831 44,382 42,681 41,268 
商譽365,164 365,164 365,164 365,164 365,164 
無形資產, 淨額9,400 10,327 11,271 12,318 13,425 
其他450,678 477,606 481,292 476,934 475,657 
總資產$14,954,125 $14,615,666 $14,613,338 $14,518,590 $14,025,042 
負債及股東權益
非計息存款$3,934,245 $3,928,308 $3,805,334 $3,958,743 $3,852,486 
計息存款-存款利息8,531,077 8,354,075 8,448,367 8,217,628 8,057,421 
存款總額12,465,322 12,282,383 12,253,701 12,176,371 11,909,907 
次級債券和票據156,407 156,265 156,124 155,984 155,844 
FHLB墊款150,000 78,000 125,000 — — 
其他借款170,815 178,269 195,246 297,829 182,372 
其他負債179,570 165,476 151,542 172,338 165,039 
負債合計13,122,114 12,860,393 12,881,613 12,802,522 12,413,162 
股東權益：
優先股71,988 71,988 71,988 71,988 71,988 
372 373 375 374 374 
額外實收資本992,642 994,116 995,969 995,208 992,044 
保留盈餘845,844 810,935 778,784 749,513 715,303 
累計其他綜合損失(78,835)(122,139)(115,391)(101,015)(167,829)
股東權益合計1,832,011 1,755,273 1,731,725 1,716,068 1,611,880 
負債和股東權益總計$14,954,125 $14,615,666 $14,613,338 $14,518,590 $14,025,042 


14

企業金融服務公司
財務摘要合併（未經審計）（續）

截至九月底的九個月的營業租賃成本
2024年9月30日2023年9月30日
（以千美元計）平均數
餘額		利息
收入/
費用		平均收益率/利率平均數
餘額		利息
收入/
費用		平均收益率/利率
平均資產負債表
資產
計息資產：
貸款1, 2
$10,954,063 $567,687 6.92%$10,203,291 $503,458 6.60%
證券2
2,433,659 60,851 3.342,296,485 52,743 3.07
計息存款332,409 13,306 5.35206,110 7,799 5.06
利息收入資產總額13,720,131 641,844 6.2512,705,886 564,000 5.93
非計息資產964,458 921,562 
總資產$14,684,589 $13,627,448 
負債及股東權益
利息負債：
計息的活期存款帳戶$2,964,667 $57,415 2.59%$2,462,988 $29,728 1.61%
活期存款3,462,993 96,777 3.732,942,970 62,397 2.83
儲蓄帳戶573,853 983 0.23688,157 707 0.14
定期存單1,374,176 44,441 4.321,139,489 28,555 3.35
利息負債總額8,375,689 199,616 3.187,233,604 121,387 2.24
次級債券和票據156,188 7,863 6.72155,633 7,306 6.28
FHLB墊款39,427 1,649 5.5973,020 2,752 5.04
協議回購出售的證券167,939 4,422 3.52174,783 2,422 1.85
其他借款38,381 395 1.3779,396 2,109 3.55
總計計息負債8,777,624 213,945 3.267,716,436 135,976 2.36
非利息負債:
活期存款3,982,015 4,178,038 
其他負債161,033 119,883 
負債合計12,920,672 12,014,357 
股東權益1,763,917 1,613,091 
負債和股東權益合計$14,684,589 $13,627,448 
全部淨利息收入$427,899 $428,024 
淨利息收益率4.17%4.50%
1 平均餘額包括不計提的貸款。利息收入包括2024年9月30日和2023年9月30日結束的九個月內的淨貸款費分別爲720萬美元和1070萬美元。
2 非徵稅收入按照全稅當量基礎以稅率約爲25%進行呈現。2024年9月30日和2023年9月30日結束的九個月內稅當量調整分別爲620萬美元。



15

企業金融服務公司
財務摘要彙總（未經審計）（續）
截至本季度結束時
（以千美元計）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023
貸款組合
商業和工業$4,628,488 $4,619,448 $4,766,310 $4,672,559 $4,448,535 
商業房地產4,915,176 4,856,751 4,804,803 4,803,571 4,794,355 
施工房地產業896,325 893,672 820,416 760,425 723,796 
住宅房地產355,279 351,934 367,218 372,188 376,120 
其他284,624 278,202 269,745 275,375 274,014 
總貸款$11,079,892 $11,000,007 $11,028,492 $10,884,118 $10,616,820 
存入資金組合
不帶利息的活期存款帳戶$3,934,245 $3,928,308 $3,805,334 $3,958,743 $3,852,486 
計息的活期存款帳戶3,048,981 2,951,899 2,956,282 2,950,259 2,749,598 
貨幣市場和儲蓄帳戶4,121,543 4,039,626 4,006,702 3,994,455 3,837,145 
經紀人存單480,934 494,870 659,005 482,759 695,551 
其他存款證書879,619 867,680 826,378 790,155 775,127 
存款總額$12,465,322 $12,282,383 $12,253,701 $12,176,371 $11,909,907 
平均餘額
貸款$10,971,575 $10,962,488 $10,927,932 $10,685,961 $10,521,966 
證券2,503,124 2,396,519 2,400,571 2,276,915 2,302,850 
計息資產13,877,631 13,684,459 13,596,571 13,383,638 13,160,587 
資產14,849,455 14,646,381 14,556,119 14,332,804 14,068,860 
存款12,546,086 12,344,253 12,180,703 12,163,346 11,922,534 
股東權益1,804,369 1,748,240 1,738,698 1,652,882 1,648,605 
有形普通股權1
1,357,362 1,300,305 1,289,776 1,202,872 1,197,486 
收益率（稅收等效）
貸款6.95 %6.95 %6.87 %6.87 %6.80 %
證券3.40 3.35 3.27 3.20 3.11 
計息資產6.26 6.28 6.20 6.20 6.12 
計息存款-存款利息3.22 3.19 3.14 3.03 2.77 
存款2.18 2.16 2.13 2.03 1.84 
次級債券和票據6.86 6.91 6.40 6.30 6.28 
FHLb前進及其他借貸基金3.01 3.52 3.80 3.06 2.76 
利息負債3.28 3.26 3.22 3.09 2.84 
淨利息收益率4.17 4.19 4.13 4.23 4.33 
1Refer to Reconciliations of Non-GAAP Financial Measures tables for a reconciliation of these measures to GAAP.


16

ENTERPRISE FINANCIAL SERVICES CORP
CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued)
季度結束
（以千爲單位，每股數據除外）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023
資產質量
淨覈銷額$3,850 $605 $5,864 $28,479 $6,856 
不良貸款28,376 39,384 35,642 43,728 48,932 
分類資產。179,883 169,822 185,150 185,389 184,393 
不良貸款佔總貸款比例0.26 %0.36 %0.32 %0.40 %0.46 %
不良資產佔總資產比0.22 %0.33 %0.30 %0.34 %0.40 %
信貸損失準備金佔貸款總額1.26 %1.27 %1.23 %1.24 %1.34 %
信貸損失準備金/總貸款，不包括擔保貸款1.38 %1.38 %1.34 %1.35 %1.47 %
非履行貸款的信貸損失撥備金492.6 %354.1 %380.2 %308.2 %290.5 %
貸款年化淨覈銷0.14 %0.02 %0.22 %1.06 %0.26 %
财富管理
信託資產管理$2,499,807 $2,367,409 $2,352,902 $2,235,073 $2,129,408 
分享數據
每股普通股賬面價值$47.33 $45.08 $44.24 $43.94 $41.19 
每股有形賬面價值1
$37.26 $35.02 $34.21 $33.85 $31.06 
每股市值$51.26 $40.91 $40.56 $44.65 $37.50 
期末普通股份傑出37,184 37,344 37,515 37,416 37,385 
普通股平均基本股份37,337 37,485 37,490 37,421 37,405 
普通股稀釋後平均股份37,483 37,540 37,597 37,554 37,520 
資本
總風險資本佔風險加權資產比例2
14.8 %14.6 %14.3 %14.2 %14.1 %
一級資本佔風險加權資產比例2
13.2 %13.0 %12.8 %12.7 %12.6 %
普通股一級資本佔風險加權資產比例2
11.9 %11.7 %11.4 %11.3 %11.2 %
有形公共股權佔有形資產比率1
9.50 %9.18 %9.01 %8.96 %8.51 %
1請參閱 非GAAP財務指標調節 這些措施與GAAP的調解表格。
2本季度資本比率爲初步數值，並受到公司監管報告的完成和提交等其他事項的影響，以及持續的監管審查。
17

企業金融服務公司
非GAAP財務指標調和
季度結束截至九月底的九個月的營業租賃成本
（以千美元計）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		9月30日
2024		9月30日
2023
核心效率比率
淨利息收入（GAAP）$143,469 $140,529 $137,728 $140,732 $141,639 $421,726 $421,860 
稅收等效調整2,086 2,047 2,040 1,915 2,061 6,173 6,164 
非利息收入（GAAP）21,420 15,494 12,158 25,452 12,085 49,072 43,273 
投資證券出售淨利潤減少— — — 220 — — 381 
其他房地產業持有物出售淨收益（損失）減少3,159 — (2)— — 3,157 187 
核心營業收入（非通用會計準則）163,816 158,070 151,928 167,879 155,785 473,814 470,729 
非利息開支（GAAP）98,007 94,017 93,501 92,603 88,644 285,525 255,583 
減少FDIC特別評估— — 625 2,412 — 625 — 
減少核心轉換費用1,375 1,250 350 — — 2,975 — 
無形資產攤銷減少927 944 1,047 1,108 1,118 2,918 3,493 
核心非利息支出（非通用會計準則）$95,705 $91,823 $91,479 $89,083 $87,526 $279,007 $252,090 
核心效率比率（非GAAP）58.42 %58.09 %60.21 %53.06 %56.18 %58.89 %53.55 %

季度結束
（以千爲單位，每股數據除外）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023
有形普通股權益，每股有形賬面價值和有形普通股權益比率
股東權益（GAAP）$1,832,011 $1,755,273 $1,731,725 $1,716,068 $1,611,880 
少優先股71,988 71,988 71,988 71,988 71,988 
減少商譽365,164 365,164 365,164 365,164 365,164 
減少無形資產9,400 10,327 11,271 12,318 13,425 
有形公共股本 (非GAAP)$1,385,459 $1,307,794 $1,283,302 $1,266,598 $1,161,303 
扣除稅後HTm證券淨未實現損失34,856 52,220 47,822 41,038 81,367 
根據HTm證券未實現損失調整的有形普通股權益（非GAAP）$1,350,603 $1,255,574 $1,235,480 $1,225,560 $1,079,936 
普通股股份數37,184 37,344 37,515 37,416 37,385 
每股有形賬面價值(非GAAP)$37.26 $35.02 $34.21 $33.85 $31.06 
總資產(GAAP)$14,954,125 $14,615,666 $14,613,338 $14,518,590 $14,025,042 
較少的商譽365,164 365,164 365,164 365,164 365,164 
較少的無形資產9,400 10,327 11,271 12,318 13,425 
有形資產(非GAAP)$14,579,561 $14,240,175 $14,236,903 $14,141,108 $13,646,453 
有形公共股權對有形資產的比率（非依照通用會計準則計算）9.50 %9.18 %9.01 %8.96 %8.51 %
調整爲持有至到期日證券未實現損失的有形公共權益與有形資產比率（非GAAP）9.26 %8.82 %8.68 %8.67 %7.91 %



18

季度結束截至九月底的九個月的營業租賃成本
（以千美元計）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023		9月30日
2024		9月30日
2023
平均有形公共股權的淨資產收益率（ROATCE），平均資產收益率（ROAA）和每股攤薄收益
平均股東權益（GAAP）$1,804,369 $1,748,240 $1,738,698 $1,652,882 $1,648,605 $1,763,917 $1,613,091 
扣除平均優先股71,988 71,988 71,988 71,988 71,988 71,988 71,988 
減少平均商譽365,164 365,164 365,164 365,164 365,164 365,164 365,164 
減少平均無形資產9,855 10,783 11,770 12,858 13,967 10,799 15,094 
平均有形普通股權益（非GAAP）$1,357,362 $1,300,305 $1,289,776 $1,202,872 $1,197,486 $1,315,966 $1,160,845 
淨利潤（GAAP）$50,585 $45,446 $40,401 $44,529 $44,665 $136,432 $149,530 
FDIC特別評估（稅後）— — 470 1,814 — 470 — 
核心轉換費用（稅後）1,034 940 263 — — 2,237 — 
出售投資證券所得減少（稅後）— — — 165 — — 287 
其他房地產出售收益（稅後）減少（增加）2,375 — (1)— — 2,374 141 
調整後的淨利潤（非GAAP）$49,244 $46,386 $41,135 $46,178 $44,665 $136,765 $149,102 
扣除優先股股息938 937 938 937 938 2,813 2,813 
普通股東調整後的淨收入（非GAAP）$48,306 $45,449 $40,197 $45,241 $43,727 $133,952 $146,289 
普通股權平均回報率（非通用會計準則）11.40 %10.68 %9.52 %10.94 %11.00 %10.55 %12.73 %
調整後的普通股權平均回報率（非通用會計準則）11.09 %10.90 %9.70 %11.35 %11.00 %10.58 %12.69 %
ROATCE（非通用會計準則）14.55 %13.77 %12.31 %14.38 %14.49 %13.56 %16.90 %
調整後的ROATCE（非通用會計準則）14.16 %14.06 %12.53 %14.92 %14.49 %13.60 %16.85 %
平均資產$14,849,455 $14,646,381 $14,556,119 $14,332,804 $14,068,860 $14,684,589 $13,627,448 
平均資產回報率（GAAP）1.36 %1.25 %1.12 %1.23 %1.26 %1.24 %1.47 %
調整後的資產平均回報率（非通用會計準則）1.32 %1.27 %1.14 %1.28 %1.26 %1.24 %1.46 %
平均攤薄普通股份37,483 37,540 37,597 37,554 37,520 37,547 37,493 
稀釋每股收益（美國通用會計原則）$1.32 $1.19 $1.05 $1.16 $1.17 $3.56 $3.91 
每股攤薄調整後收益（非GAAP）$1.29 $1.21 $1.07 $1.20 $1.17 $3.57 $3.90 

19

季度結束
（以千美元計）9月30日
2024		6月30日，
2024		3月31日
2024		12月31日，
2023		9月30日
2023
預備折減前淨營業收入（PPNR）計算
淨利息收入$143,469 $140,529 $137,728 $140,732 $141,639 
非利息收入21,420 15,494 12,158 25,452 12,085 
FDIC特別評估— — 625 2,412 — 
核心轉換支出1,375 1,250 350 — — 
投資證券出售收益減少— — — 220 — 
其他房地產業出售收益（損失）減少3,159 — (2)— — 
非利息費用減少98,007 94,017 93,501 92,603 88,644 
營業前稅前淨收入（非通用會計原則）$65,098 $63,256 $57,362 $75,773 $65,080 

季度結束
（以千美元計）9月30日
2024		6月30日，
2024
估計保險存款的計算
根據通話報告估計的未保險存款$4,180,066 $4,020,979 
抵押/關聯存款(463,103)(454,084)
存款利息應計(5,830)(5,632)
調整後的無抵押存款3,711,133 3,561,263 
估計的保險/抵押存款8,754,189 8,721,120 
存款總額$12,465,322 $12,282,383 

20