NASDAQ: EFSC
ENTERPRISE FINANCIAL SERVICES CORPCIK 0001025835 · SIC 6022 · State Savings Banks
Mega by assets
Assets $17.8B
as of Nov 1, 2026
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10-Q
Filed Oct 30, 2026
· Period ending Sep 30, 2026
Red flag
EFSC net income falls 6.2% to $42.4M as credit costs jump and capital ratios weaken
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8-K
Filed Oct 28, 2026
· Period ending Oct 28, 2026
Summary not yet generated.
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8-K
Filed Oct 21, 2026
· Period ending Oct 21, 2026
Summary not yet generated.
8-K
Filed Aug 20, 2026
· Period ending Aug 20, 2026
Summary not yet generated.
10-Q
Filed Jul 31, 2026
· Period ending Jun 30, 2026
Red flag
EFSC Q2 net income falls 20.4% to $40.9M as credit costs surge
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8-K
Filed Jul 27, 2026
· Period ending Jul 27, 2026
Summary not yet generated.
8-K
Filed Jul 22, 2026
· Period ending Jul 20, 2026
Summary not yet generated.
8-K
Filed Jun 17, 2026
· Period ending Jun 12, 2026
Summary not yet generated.
424B5
Filed Jun 16, 2026
Summary not yet generated.
424B5
Filed Jun 12, 2026
Summary not yet generated.
8-K
Filed Jun 9, 2026
· Period ending Jun 9, 2026
Summary not yet generated.
10-Q
Filed May 1, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 27, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Oct 31, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed Aug 1, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-K
Filed Feb 28, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B5
Filed Nov 12, 2021
Summary not yet generated.
424B3
Filed Feb 22, 2019
Summary not yet generated.
Latest financial statements
From 10-Q filed Oct 30, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
($ in thousands, except per share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Interest income: | ||||
| Loans | 195,143 | 191,397 | 568,806 | 561,154 |
| Debt securities: | ||||
| Taxable | 28,536 | 21,175 | 81,395 | 57,702 |
| Nontaxable | 9,370 | 8,650 | 27,875 | 23,583 |
| Interest-earning deposits | 4,343 | 3,638 | 12,573 | 12,130 |
| Dividends on equity securities | 842 | 530 | 1,989 | 1,568 |
| Total interest income | 238,234 | 225,390 | 692,638 | 656,137 |
| Interest expense: | ||||
| Deposits | 58,011 | 61,615 | 168,430 | 180,860 |
| Subordinated debentures and notes | 4,408 | 2,683 | 7,991 | 7,982 |
| FHLB advances | 200 | 1,207 | 1,117 | 3,295 |
| Other borrowings | 1,009 | 1,599 | 5,631 | 5,436 |
| Total interest expense | 63,628 | 67,104 | 183,169 | 197,573 |
| Net interest income | 174,606 | 158,286 | 509,469 | 458,564 |
| Provision for credit losses | 18,107 | 8,447 | 39,560 | 17,101 |
| Net interest income after provision for credit losses | 156,499 | 149,839 | 469,909 | 441,463 |
| Noninterest income: | ||||
| Deposit service charges | 5,407 | 4,935 | 16,140 | 14,295 |
| Wealth management revenue | 2,864 | 2,571 | 8,380 | 7,814 |
| Card services revenue | 2,621 | 2,535 | 7,701 | 7,374 |
| Tax credit income (loss) | (5,030) | (300) | (6,942) | 4,517 |
| Other income | 7,352 | 38,883 | 20,501 | 53,711 |
| Total noninterest income | 13,214 | 48,624 | 45,780 | 87,711 |
| Noninterest expense: | ||||
| Employee compensation and benefits | 50,581 | 49,640 | 159,454 | 148,012 |
| Deposit costs | 27,482 | 27,172 | 81,310 | 75,760 |
| Occupancy | 5,893 | 4,895 | 17,704 | 14,390 |
| Data processing | 5,655 | 5,022 | 17,298 | 14,544 |
| Professional fees | 1,675 | 2,620 | 5,211 | 6,377 |
| Other expense | 23,368 | 20,441 | 64,553 | 56,192 |
| Total noninterest expense | 114,654 | 109,790 | 345,530 | 315,275 |
| Income before income tax expense | 55,059 | 88,673 | 170,159 | 213,899 |
| Income tax expense (includes $32.1 million related to recaptured tax credits for the three and nine months ended September 30, 2025) | 12,615 | 43,438 | 37,426 | 67,319 |
| Net income | 42,444 | 45,235 | 132,733 | 146,580 |
| Dividends on preferred stock | 938 | 938 | 2,813 | 2,813 |
| Net income available to common stockholders | 41,506 | 44,297 | 129,920 | 143,767 |
| Earnings per common share | ||||
| Basic | 1.15 | 1.20 | 3.56 | 3.89 |
| Diluted | 1.14 | 1.19 | 3.54 | 3.86 |
Condensed Consolidated Balance Sheets (Unaudited)
($ in thousands, except share data)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and due from banks | 213,259 | 208,080 |
| Federal funds sold | 12,928 | 5,793 |
| Interest-earning deposits | 261,687 | 468,029 |
| Total cash and cash equivalents | 487,874 | 681,902 |
| Interest-earning deposits greater than 90 days | 666 | 898 |
| Securities available-for-sale | 2,730,596 | 2,655,035 |
| Securities held-to-maturity, net | 1,030,084 | 1,074,957 |
| Loans held-for-sale | 202 | 928 |
| Loans | 12,344,705 | 11,800,338 |
| ACL on loans | (144,519) | (140,022) |
| Total loans, net | 12,200,186 | 11,660,316 |
| Other investments | 120,664 | 80,884 |
| Fixed assets, net | 56,819 | 58,993 |
| Goodwill | 416,968 | 416,968 |
| Intangible assets, net | 16,948 | 21,175 |
| Other assets | 731,503 | 648,828 |
| Total assets | 17,792,510 | 17,300,884 |
| Liabilities and Stockholders' Equity | ||
| Noninterest-bearing demand accounts | 5,043,875 | 4,874,115 |
| Interest-bearing demand accounts | 3,723,393 | 3,537,334 |
| Money market accounts | 4,140,131 | 3,991,110 |
| Savings accounts | 524,381 | 537,400 |
| Certificates of deposit: | ||
| Brokered | 735,993 | 721,977 |
| Customer | 959,191 | 947,406 |
| Total deposits | 15,126,964 | 14,609,342 |
| Subordinated debentures and notes | 258,409 | 93,688 |
| FHLB advances | 64,000 | — |
| Other borrowings | 179,532 | 387,717 |
| Other liabilities | 246,279 | 170,751 |
| Total liabilities | 15,875,184 | 15,261,498 |
| Commitments and contingent liabilities (Note 5) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 5,000,000 shares authorized; 75,000 shares issued and outstanding ($1,000 per share liquidation preference) | 71,988 | 71,988 |
| Common stock, $0.01 par value; 75,000,000 shares authorized; 35,774,519 and 36,965,398 shares issued and outstanding | 358 | 370 |
| Additional paid-in capital | 976,905 | 1,000,775 |
| Retained earnings | 1,064,907 | 1,020,840 |
| Accumulated other comprehensive loss, net | (196,832) | (54,587) |
| Total stockholders’ equity | 1,917,326 | 2,039,386 |
| Total liabilities and stockholders’ equity | 17,792,510 | 17,300,884 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
($ in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 132,733 | 146,580 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation | 6,205 | 4,724 |
| Provision for credit losses | 39,560 | 17,101 |
| Deferred income taxes | 7,548 | (4,304) |
| Net amortization of discount/premiums on debt securities | 2,287 | 3,142 |
| Net amortization on loans | 5,150 | 866 |
| Amortization of intangible assets | 3,976 | 2,344 |
| Amortization of servicing assets | 746 | 694 |
| Mortgage loans originated-for-sale | (19,333) | (19,926) |
| Proceeds from mortgage loans sold | 20,189 | 19,518 |
| Net loss (gain) on: | ||
| Investment securities | 2,146 | (106) |
| SBA loans | (1,414) | (4,188) |
| OREO | 1,999 | (86) |
| Fixed assets | (687) | — |
| State tax credits | (153) | (110) |
| Stock-based compensation | 11,229 | 9,214 |
| Net change in other assets and liabilities | (12,283) | (24,790) |
| Net cash provided by operating activities | 199,898 | 150,673 |
| Cash flows from investing activities: | ||
| Net increase in loans | (638,966) | (456,978) |
| Proceeds received from: | ||
| Branch acquisition | 250 | — |
| Sale of debt and equity securities, available-for-sale | 178,256 | 9,631 |
| Paydown or maturity of debt securities, available-for-sale | 422,830 | 294,939 |
| Paydown or maturity of debt securities, held-to-maturity | 40,245 | 20,706 |
| Redemption of other investments | 72,613 | 109,214 |
| Sale of SBA loans | 27,278 | 83,760 |
| Sale of state tax credits held for sale | 872 | 725 |
| Sale of OREO | 17,218 | 3,967 |
| Sale of fixed assets | 939 | — |
| Settlement of bank-owned life insurance policies | 1,581 | 2,079 |
| Payments for the purchase of: | ||
| Available-for-sale debt securities | (803,568) | (721,648) |
| Held-to-maturity debt securities | — | (178,520) |
| Other investments | (123,922) | (131,624) |
| Bank-owned life insurance | — | (75,009) |
| State tax credits held for sale | — | (360) |
| Fixed assets | (4,283) | (8,964) |
| Net cash used in investing activities | (808,657) | (1,048,082) |
| Cash flows from financing activities: | ||
| Net increase (decrease) in noninterest-bearing demand accounts | 169,760 | (97,559) |
| Net increase in interest-bearing demand accounts | 347,862 | 518,979 |
| Net increase in short term FHLB advances, net | 64,000 | 327,000 |
| Proceeds from term loan | — | 63,250 |
| Repayment of term loan | (58,732) | (2,259) |
| Net decrease in other borrowings | (149,453) | (94,805) |
| Proceeds from issuance of subordinated debentures, net | 172,099 | — |
| Payments for the redemption of subordinated debentures and trust preferred securities | (7,732) | (63,250) |
| Repurchase of common stock | (84,079) | (10,630) |
| Cash dividends paid on common stock | (37,022) | (33,271) |
| Cash dividends paid on preferred stock | (2,813) | (2,813) |
| Other | 841 | 552 |
| Net cash provided by financing activities | 414,731 | 605,194 |
| Net decrease in cash and cash equivalents | (194,028) | (292,215) |
| Cash and cash equivalents, beginning of period | 681,902 | 764,170 |
| Cash and cash equivalents, end of period | 487,874 | 471,955 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | 182,560 | 197,164 |
| Income taxes | 36,172 | 46,147 |
| Noncash investing and financing transactions: | ||
| Transfer to OREO in settlement of loans | 31,583 | 7,821 |
| Right-of-use assets obtained in exchange for lease obligations | 1,424 | 1,131 |
| Unsettled purchases of available-for-sale securities | 42,915 | — |
Amounts as printed on the EDGAR/iXBRL face — ($ in thousands, except per share data); ($ in thousands, except share data); ($ in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗