EFSC
Enterprise Financial Services Corp56.59
-0.15-0.26%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A adds outlook details, credit timelines
Q&A filled gaps with specifics: NIM holds near 4.20% into 2026 post-branch accretion despite cuts, expenses rise 3.5% Y/Y on $18M branch run rate, fees land between Q2/Q3 levels. Credit resolutions drag—Southern CA CRE and life insurance loans face litigation, pushing timelines beyond Q4 but with full recovery expected. No troubled private credit exposure; $260-270M secured notes fine. Organic growth leads capital priorities over M&A or buybacks. Credits linger longer. Management stays bullish on specialty deposits; watch loan acceleration.
Key Stats
Market Cap
2.09BP/E (TTM)
11.03Basic EPS (TTM)
5.13Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Enterprise Financial Services Corp posted Q3 net income of $45.2M, down y/y from $50.6M yet up q/q, with diluted EPS at $1.19 versus $1.32 y/y (derived). Net interest income climbed 10% y/y to $158.3M on 3% loan growth to $11.6B and securities expansion, while deposit costs fell amid Fed cuts; provision rose to $8.4M with nonperformers at 1.1% from two secured relationships. Cash fell to $472M, offset by $327M FHLB advances and $13.6B deposits; closed 12-branch deal Oct 10 adding $642M deposits, $297M loans. Equity hit $2.0B. Non-GAAP metrics not disclosed in the 10-Q. Rising classified assets test credit discipline.
8-K
Completed AZ/KS branch acquisition
Enterprise Financial Services Corp completed its acquisition of 12 branches in Arizona and Kansas on October 10, 2025, via purchase and assumption, adding $642M deposits and $297M loans with no capital raise needed. This accelerates scale in Phoenix and Kansas City, boosting market share while leveraging excess capital. Mid-to-high single-digit full-year EPS accretion expected. Yet risks like integration challenges loom.
8-K
Q3 earnings down, growth holds
EFSC posted Q3 net income of $45.2M ($1.19/share), down from prior periods amid $30.1M insurance offset for recaptured solar tax credits. Loans hit $11.6B (up $174M), deposits $13.6B (up $251M), NIM edged to 4.23% on NII growth to $158M—yet nonperformers rose to 0.83% of assets from a $12M life insurance loan. Dividend hiked to $0.32/share.
8-K
Plan blackout starts Nov 24
Enterprise Financial Services Corp disclosed a trading blackout under its EFSC Incentive Savings Plan, starting November 24, 2025 at 3:00 p.m. CT and ending the week of January 4, 2026, to switch service providers to Fidelity effective December 2. Directors and executives can't trade EFSC or EFSCP securities during this period. Blackout routine.
8-K
Full recovery expected on $68.4M loans
Enterprise Financial Services Corp disclosed $68.4 million in seven nonperforming commercial real estate loans to Southern California SPEs, triggered by owners' bankruptcy in Q1 2025 and foreclosures launched in August 2025. Senior secured positions underpin expectations of full recovery. Litigation risks linger.
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