Enterprise Financial Services Corp. (NASDAQ: EFSC) Monday reported net income of $12.9 million for the first quarter, decreases of $16.2 million compared with the fourth quarter of 2019 and $3.3 million from the first quarter a year ago.
The profit declines were primarily due to an increase in provisions for loan losses resulting from the coronavirus downturn, as well as merger-related expenses.
The provision for credit losses was $22.3 million for the first quarter, compared to $1.3 million…
Source: The Business Journal
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