ENTERPRISE FINANCIAL SERVICES CORP — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Enterprise Financial Services (EFSC, ~$17.8B assets, $2.0B market cap) reported Q3 2026 net income of $42.4M ($1.14 diluted EPS), up $1.5M sequentially. Loans grew $452.3M to $12.3B; deposits grew $624.4M to $15.1B. NIM held steady at 4.30%. Tangible book value declined to $39.45/share from $42.30, driven by unrealized losses on AFS securities ($367.3M). Credit quality deteriorated: nonperforming assets rose to 1.03% of assets from 0.92%; provision increased to $18.1M from $14.2M. The company returned $46.5M to shareholders (repurchased 525,767 shares at $64.74 average; increased dividend $0.01 to $0.36/share).
Why this rating
Routine quarterly results. Loan/deposit growth modest relative to $2B equity base. Rising credit costs and deteriorating asset quality offset modest NIM stability. Capital ratios remain well-capitalized but tangible equity ratio fell 91 bps quarter-over-quarter.
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