Enterprise Financial Reports Fourth Quarter And Full Year The company’s effective tax rate was 19.8% in the fourth quarter 2023, compared to 21.7% and 21.5% in the linked and prior year quarters, respectively. in conjunction with the completion of the 2022 tax returns in the fourth quarter 2023, the effective tax rate was decreased due to a lower state tax apportionment. Full year highlights. for 2023, net income was $194.1 million, or $5.07 per diluted share, compared to $203.0 million, or $5.31 per diluted share, in 2022. excluding the impact of the fdic special.
Fourth Quarter And Full Year 2023 Results And Key Metrics Fourth quarter results net income of $60.0 million, $1.58 per diluted common share net interest margin of 4.66%, quarterly increase of 56 basis points total loans of $9.7 billion, quarterly increase of $382 million, or 16% annualized return on average assets (“roaa”) of 1.83% return on average tangible common equity (“roatce”)1 of 22.62% tangible common equity to tangible assets1 of 8. Review of fourth quarter 2023 results. enterprise reported total gross operating margin of $2.5 billion for the fourth quarter of 2023 compared to $2.4 billion for the fourth quarter of 2022. below is a detailed review of each business segment’s performance for the fourth quarter of 2023. On january 22, 2024, enterprise financial services corp (nasdaq:efsc) released its 8 k filing, detailing its fourth quarter and full year financial performance for 2023.efsc, a financial holding. Fourth quarter & full year 2023 financial highlights. revenue grew 14% year over year to $183.9 million in the fourth quarter. revenue grew 11% year over year to $689.1 million for full year 2023. active clients grew 5% year over year to 851,000 at the end of 2023, an all time high. net income was $17.4 million in the fourth quarter of 2023.
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