Enterprise of Missouri Delays 3Q Results

Instead of reporting third-quarter results as expected Tuesday, Enterprise Financial Services Corp. in Clayton, Mo., announced a delay.

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The $2.2 billion-asset company gave no reason for the postponement nor did it set a new date for the release.

Enterprise's stock fell 3% by late Tuesday afternoon, to $8.70 a share.

For the second quarter, Enterprise posted a net loss available to common shareholders of $216,000 after paying $602,000 in dividends on the government's preferred shares. It had gotten $62 million of capital late last year through the Treasury Department's Troubled Asset Relief Program.

At June 30 its nonperforming loans were $49.2 million, or 2.6% of total loans, with most of the stress coming from the Kansas City area.


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