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Enterprise Financial Services
(NASDAQ:EFSC)
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Rating:76Outperform
Price Target:
$71.00
â–²(21.02% Upside)
Action:Reiterated
Date:06/18/26
EFSC scores well on solid (though moderating) financial performance and a constructive technical uptrend, supported by an attractive valuation (11.53 P/E, ~2.07% yield). The latest earnings call was broadly constructive with stable NIM and disciplined funding/capital return plans, while margin/efficiency pressures and added debt from the recent subordinated notes issuance temper the upside.
Positive Factors
Conservative Balance Sheet
EFSC has materially reduced leverage vs. prior years, with debt-to-equity near 0.20 and equity buildup to roughly $2.02B. A lower leverage profile increases resilience to credit cycles, gives regulatory flexibility, and supports steady capital returns and organic growth over the medium term.
Negative Factors
Margin Compression Trend
Net interest margin has trended down from unusually strong 2022 levels and recent commentary highlights spread pressure on new originations. Persistent compression limits sustainable earnings upside absent meaningful re-pricing, product mix shifts, or further deposit cost improvement over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
EFSC has materially reduced leverage vs. prior years, with debt-to-equity near 0.20 and equity buildup to roughly $2.02B. A lower leverage profile increases resilience to credit cycles, gives regulatory flexibility, and supports steady capital returns and organic growth over the medium term.
Read all positive factors
Enterprise Financial Services Key Performance Indicators (KPIs)
Any
Wealth Management Trust Assets Under Management
Indicates the total value of assets managed in trust accounts, reflecting the company's strength in wealth management and its ability to attract and retain high-net-worth clients.
Indicates the total value of assets managed in trust accounts, reflecting the company's strength in wealth management and its ability to attract and retain high-net-worth clients.
Data provided by:
The Fly
The FlyEnterprise Financial Services (EFSC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.41B
Dividend Yield2.2%
Average Volume (3M)168.22K
Price to Earnings (P/E)12.3
Beta (1Y)0.69
Revenue Growth9.05%
EPS Growth3.81%
CountryUS
Employees1,218
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.33
Shares Outstanding36,585,804
10 Day Avg. Volume260,264
30 Day Avg. Volume168,220
Financial Highlights & Ratios
PEG Ratio1.00
Price to Book (P/B)0.98
Price to Sales (P/S)2.19
P/FCF Ratio11.00
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue2.54
Enterprise Value/Gross Profit3.61
Enterprise Value/Ebitda8.12
Forecast
1Y Price Target
$67.75Price Target Upside15.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)5.56
Revenue Forecast (FY)$776.04M
Enterprise Financial Services Business Overview & Revenue Model
Company Description
Enterprise Financial Services Corp (EFSC) serves as the parent financial holding company for Enterprise Bank & Trust. Through this subsidiary, it delivers a comprehensive array of banking and wealth management solutions to both individual and corp...
How the Company Makes Money
EFSC primarily earns revenue through its banking subsidiary by (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on interest-earning assets—primarily commercial loans (incl...
Enterprise Financial Services Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 27, 2026
Earnings Call Sentiment Positive
The call conveyed solid fundamental performance: stable earnings, resilient net interest margin, strong capital and liquidity positions, active capital returns (share buybacks and dividend increase), and meaningful improvement in asset quality with concrete progress on OREO dispositions. Offsetting items included sequential EPS/provisioning impacts driven by seasonality (fewer days, lower tax credit income), a decline in certain loan balances (LIHTC paydowns and sponsor finance payoffs), a higher efficiency ratio, and noted geopolitical uncertainty that prompted a qualitative reserve and cautious commentary on near-term loan growth. Overall tone was confident and constructive, with management emphasizing balance sheet strength, deposit diversification, disciplined pricing, and a plan for moderate loan growth while remaining cautious on macro and geopolitical risks.Positive Updates
Stable Earnings and Solid Profitability
Reported EPS of $1.30 (diluted) for Q1 2026, essentially flat versus Q1 2025 ($1.31); adjusted EPS $1.31 (down $0.05 vs. linked quarter adjusted $1.36). Return on assets 1.16%, pre-provision ROAA 1.65%, and return on tangible common equity ~12.53% (13% on average tangible common equity reported elsewhere).
Negative Updates
Sequential EPS and Pre-Provision Pressure
EPS declined sequentially from a seasonally strong $1.45 to $1.30; adjusted EPS fell $0.05 vs. the linked quarter. Pre-provision earnings decreased by $4 million versus the linked quarter, driven mainly by lower tax credit income and two fewer days of interest income.
Read all updates
Q1-2026 Updates
Positive
Negative
Stable Earnings and Solid Profitability
Reported EPS of $1.30 (diluted) for Q1 2026, essentially flat versus Q1 2025 ($1.31); adjusted EPS $1.31 (down $0.05 vs. linked quarter adjusted $1.36). Return on assets 1.16%, pre-provision ROAA 1.65%, and return on tangible common equity ~12.53% (13% on average tangible common equity reported elsewhere).
Read all positive updates
Company Guidance
Management guided to mid‑single‑digit balance sheet/loan growth for 2026 with net interest margin expected to remain in the low‑to‑mid 4.2% range and net interest income growing from the Q1 level of $166 million; loan yields were ~6.2–6.6% (6.58% on loans booked in Q1) and the tax‑equivalent investment yield was 4.51%. They plan to fund growth primarily with deposits (national deposit verticals +$187M in Q1, total client deposits ex‑brokered +10% YoY) while keeping the securities portfolio at a similar proportion; deposit cost declined to 1.52% (‑12 bps q/q, ‑31 bps YoY). Capital and payout actions include a tangible common equity ratio of 9%, tangible book value per share of $41.38, repurchases of 483,000 shares for ~$27M at $56.13, and a $0.01 dividend increase to $0.34; credit guidance was conservative (Q1 provision $7.2M, allowance 1.21% of loans / 1.32% ex‑guarantees, net charge‑offs $4.4M or 15 bps) while management expects continued asset‑quality improvement and stable operating leverage (Q1 noninterest expense ~$115M; core efficiency ~60%).Enterprise Financial Services Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 954.93M | 912.39M | 814.41M | 743.52M | 533.66M | 421.60M |
| Gross Profit | 670.18M | 624.38M | 509.94M | 504.58M | 493.09M | 385.18M |
| EBITDA | 298.33M | 291.48M | 241.32M | 257.87M | 273.47M | 182.78M |
| Net Income | 200.78M | 201.37M | 185.27M | 194.06M | 203.04M | 133.06M |
Balance Sheet | ||||||
| Total Assets | 17.23B | 17.30B | 15.60B | 14.52B | 13.05B | 13.54B |
| Cash, Cash Equivalents and Short-Term Investments | 258.54M | 213.87M | 875.37M | 2.05B | 1.83B | 3.39B |
| Total Debt | 413.10M | 508.55M | 437.37M | 453.81M | 579.55M | 558.76M |
| Total Liabilities | 15.21B | 15.26B | 13.77B | 12.80B | 11.53B | 12.01B |
| Stockholders Equity | 2.02B | 2.04B | 1.82B | 1.72B | 1.52B | 1.53B |
Cash Flow | ||||||
| Free Cash Flow | 203.39M | 181.53M | 239.93M | 261.68M | 214.71M | 158.07M |
| Operating Cash Flow | 212.00M | 193.51M | 247.40M | 268.24M | 216.64M | 160.57M |
| Investing Cash Flow | -622.08M | -1.08B | -796.87M | -1.31B | -1.38B | -23.11M |
| Financing Cash Flow | 562.88M | 803.17M | 880.61M | 1.18B | -563.19M | 1.35B |
Enterprise Financial Services Technical Analysis
Positive
58.67
Price Trends
60.94
Positive
58.55
Positive
56.75
Positive
Market Momentum
1.66
Negative
62.91
Neutral
76.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EFSC, the sentiment is Positive. The current price of 58.67 is below the 20-day moving average (MA) of 63.75, below the 50-day MA of 60.94, and above the 200-day MA of 56.75, indicating a bullish trend. The MACD of 1.66 indicates Negative momentum. The RSI at 62.91 is Neutral, neither overbought nor oversold. The STOCH value of 76.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EFSC.
Enterprise Financial Services Risk Analysis
Enterprise Financial Services disclosed 44 risk factors in its most recent earnings report. Enterprise Financial Services reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Enterprise Financial Services Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.60B | 14.07 | 9.83% | 3.33% | 17.46% | 16.00% | |
78 Outperform | $2.28B | 11.25 | 10.66% | 2.97% | 3.87% | 16.71% | |
77 Outperform | $2.51B | 11.58 | 8.84% | 4.11% | 62.15% | 107.42% | |
76 Outperform | $2.41B | 12.35 | 10.08% | 2.20% | 9.05% | 3.81% | |
75 Outperform | $2.31B | 15.98 | 13.58% | 1.88% | 9.58% | 17.44% | |
74 Outperform | $2.64B | 21.77 | 7.47% | 1.69% | 3.15% | 38.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
EFSC
Enterprise Financial Services
65.80
10.04
18.02%
BANR
Banner
67.17
1.35
2.05%
FBNC
First Bancorp
63.80
17.96
39.18%
BUSE
First Busey
29.65
6.62
28.73%
NBTB
NBT Bancorp
50.08
8.23
19.66%
SYBT
Stock Yards Bancorp
78.15
-2.49
-3.09%
Enterprise Financial Services Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Enterprise Financial Services Issues Subordinated Notes to Boost Capital
Positive
Jun 17, 2026
On June 17, 2026, Enterprise Financial Services Corp issued and sold $175 million of 6.25% fixed-to-floating rate subordinated notes due 2036, generating approximately $172.8 million in net proceeds after underwriting discounts. The notes carry a ...
Business Operations and StrategyFinancial Disclosures
Enterprise Financial Services Highlights Growth Strategy in Investor Presentation
Positive
Jun 9, 2026
On June 9, 2026, Enterprise Financial Services Corp released a fixed-income oriented investor presentation outlining its financial profile, strategic priorities and growth trajectory, highlighting $17.2 billion in total assets, a $2.2 billion mark...
Executive/Board ChangesShareholder Meetings
Enterprise Financial Services Shareholders Back Board and Governance
Positive
May 15, 2026
Enterprise Financial Services Corp held its 2026 annual meeting of stockholders on May 13, 2026, at which all twelve director nominees were elected to one-year terms expiring in 2027, each receiving strong majority support. Stockholders also ratif...
Business Operations and StrategyFinancial Disclosures
Enterprise Financial Showcases Strong Profitability and Growth Strategy
Positive
Apr 28, 2026
Enterprise Financial Services Corp is a focused commercial bank headquartered in Clayton, Missouri, operating under the Enterprise Bank Trust brand with 54 branches and a network of deposit and SBA loan production offices across the U.S. The comp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.