Enterprise Financial Services in St. Louis reported lower quarterly earnings on a narrower net interest margin.

The $3.2 billion-asset company's net income fell 3% from a year earlier, to $8.2 million, or 41 cents a share.

Net interest income fell 16%, to $27.4 million. Total loans increased by 1.4%, to $2.3 billion, but the net interest margin compressed by 96 basis points, to 3.75%. The company had a $1.8 million reversal of its loan-loss provision during the third quarter.

Noninterest income rose 34%, to $2.7 million. Noninterest expenses fell 0.6%, to $21 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.