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Enterprise Financial Services Corp, a state commercial bank headquartered in Clayton, Missouri with a market capitalization of $2 billion, disclosed the results of its annual meeting of stockholders held on May 7, 2025. The company, which operates under the trading symbols (NASDAQ:EFSC) for its common stock and NASDAQ:EFSCP for its depositary shares, announced the election of its board of directors and other key resolutions passed during the meeting. According to InvestingPro data, the bank maintains a "GOOD" overall financial health score, suggesting strong operational stability.
The eleven director nominees named in the company’s proxy statement were elected to serve a one-year term expiring in 2026. The votes for each director nominee varied, with the majority receiving over 26 million votes in favor. Broker non-votes for each nominee were consistently 3,018,145. The company has demonstrated strong shareholder value, having raised its dividend for 10 consecutive years and maintaining dividend payments for 21 years straight, as revealed by InvestingPro analysis.
Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal year 2025 was ratified with an overwhelming majority of 30,364,898 votes in favor, 926,073 against, and 5,721 abstentions.
Shareholders also approved an amendment to the Enterprise Financial Services Corp Amended and Restated 2018 Stock Incentive Plan to increase the number of shares available for award. The proposal received 26,167,705 votes in favor, 2,042,684 against, 68,158 abstentions, and 3,018,145 broker non-votes.
In an advisory vote, the compensation of the company’s named executive officers as described in the proxy statement was approved. This non-binding vote saw 22,219,005 in favor, 5,979,163 against, 80,379 abstentions, and 3,018,145 broker non-votes.
No other matters were voted on at the annual meeting. The results of the meeting were filed with the Securities and Exchange Commission in an 8-K report on Monday, May 12, 2025, and signed by Troy R. Dumlao, Executive Vice President and Chief Accounting Officer of Enterprise Financial Services Corp. The company’s strong financial position is reflected in its P/E ratio of 10.7x and revenue growth of 6.5% over the last twelve months. For deeper insights into Enterprise Financial’s performance and outlook, including 8 additional exclusive ProTips and comprehensive valuation metrics, investors can access the full analysis through InvestingPro’s detailed research report.
In other recent news, Enterprise Financial Services reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $1.31, beating the forecast of $1.18, and reported revenues of $168.35 million, exceeding the anticipated $155.87 million. Additionally, Enterprise Financial Services announced the acquisition of 12 branches from First Interstate (NASDAQ:FIBK) Bank, which is expected to enhance their market presence. The company also experienced a 3% loan growth, adding $78 million to its portfolio. Analysts from firms like D.A. Davidson and Piper Sandler discussed the company’s performance, noting the potential for future earnings per share accretion from the branch acquisition. Despite the positive earnings report, the stock experienced a slight decline in after-hours trading. The company’s leadership expressed optimism about maintaining stable net interest margins and continued growth, even amidst potential Federal Reserve rate cuts.
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