Corporate Financial Services (NASDAQ:EFSC) FY2022 Results

Main financial results

  • Revenue: $531.1 million (up 31% from fiscal 2021).

  • Net income: $199.0 million (up 50% from fiscal 2021).

  • Profit margin: 38% (compared to 33% in fiscal year 2021). The increase in the margin is explained by the increase in revenues.

  • EPS: $5.32 (compared to $3.86 for fiscal year 2021).

EFSC Banking Performance Indicators

  • Net interest margin (NIM): 3.89% (compared to 3.41% in fiscal year 2021).

  • Cost/income ratio: 49.8% (compared to 51.6% in fiscal year 2021).

  • Non-Performing Loans: 0.10% (compared to 0.31% in FY21).

earnings-and-revenue-growth

earnings-and-revenue-growth

All figures shown in the table above are for the 12 month period (TTM)

Corporate financial services revenue and profit beat expectations

Revenue beat analysts’ estimates by 1.7%. Earnings per share (EPS) also beat analysts’ estimates of 4.4%.

Looking ahead, revenue is expected to grow by an average of 6.7% per year over the next 2 years, compared to a growth forecast of 6.4% for the banking sector in the United States.

Performance of the US banking sector.

Shares of the company are up 10% from a week ago.

Risk analysis

Remember that there may still be risks. For example, we have identified 1 warning sign for business financial services which you should be aware of.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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