EFSC
Enterprise Financial Services Corp56.59
-0.15-0.26%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
FY Q4 '25
Q&A provides 2026 guidance details
Q&A delivered concrete 2026 guidance absent from prepared remarks: 6%-8% balance sheet growth, mid-single-digit loans, 4.2% NIM run-rate, 5% fee and expense growth amid three Fed cuts. Management detailed SoCal OREO momentum with PSAs on five properties, eyeing NPA halving by Q2 without losses, but flagged two new $28M nonaccruals well-collateralized at low LTVs. Charge-offs hit housekeeping mode. Buyback capacity tops 1M shares; M&A stays low priority. Credit cleanup sets the tone—watch resolutions and deposit costs.
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
8-K
EFSC unveils 4Q25 investor deck
Enterprise Financial Services Corp shared its January 2026 investor presentation under Regulation FD, highlighting 4Q25 results: $17.3B assets, $14.6B deposits, $11.8B loans. It touted the October 10, 2025, completion of a 12-branch acquisition in Arizona and Kansas, adding $554M deposits and $220M loans while leveraging excess capital. Balances grew robustly; asset quality holds firm with 0.70% nonperformers. Strong capital fuels growth.
8-K
Strong Q4 earnings, branch deal done.
EFSC posted Q4 net income of $54.8M ($1.45/share), NIM at 4.26%, with loans at $11.8B and deposits $14.6B after completing Arizona/Kansas branch acquisition adding $292M loans, $610M deposits on October 10. Branch bolsters funding mix yet lifts expenses; asset quality slipped to 0.95% NPAs amid $20.7M charge-offs. Dividends rose to $0.33/share.
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.
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