Enterprise Financial Services (EFSC) reported Q1 adjusted earnings late Monday of $1.31 per diluted share, up from $1.07 a year earlier.
Analysts polled by FactSet expected $1.17.
Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $166 million, up from $149.9 million a year earlier.
Four analysts surveyed by FactSet expected $162.8 million.
The company said it will acquire 12 branches from First Interstate Bank in Arizona and Kansas for an undisclosed amount. The deal is expected to be completed in Q4.
The company also increased its quarterly dividend by $0.01 to $0.30 per share, payable June 30 to holders of record June 16.
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