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EarningsQ2 2026 Earnings Report

Enterprise Financial Services (EFSC) Q2 2026 Earnings Report

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Previous Report: Q1 2026

EFSC Q2 2026 EPS Results

Actual EPS$1.09

Consensus EPS$1.33

Beat/MissMissed by -$0.24

One Year Ago EPS$1.36

EFSC Q2 2026 Revenue Results

Actual Revenue$242.97M

Expected Revenue$189.15M

Beat/MissBeat by +$53.83M

YoY Revenue Growth+1.42%

Earnings Announcement Details

QuarterQ2 2026

Date07/22/2026

TimeAfter Close

Conference CallWednesday, July 22, 2026

EFSC Upcoming Earnings

Enterprise Financial Services's next earnings date is estimated for October 21, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

EFSC Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 22, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasizes broad executional progress: expanding margins, accelerating loan and core deposit growth, improving credit metrics, stronger profitability and raised revenue/loan guidance. There are measured risks: higher expense guidance tied to compensation and investments, a diminishing time-deposit repricing tailwind, increasing competition in certain lending niches, and remaining nonperformers. Overall, positives around earnings power, funding improvement, capital strength and margin expansion materially outweigh the noted headwinds.

Company Guidance

Bankwell raised full-year guidance to loan growth of 5%–7% and increased net interest income guidance to $115M–$117M, while affirming noninterest income at $12M–$13M and raising noninterest expense to $65M–$67M; management said the higher expense guide should not negatively impact the efficiency ratio and implies an updated efficiency range roughly 50.0%–52.8%. They pointed to continued margin momentum (NIM up 30 bps to 3.58% in Q2 with further expansion expected into Q3), highlighted that $0.6B of time deposits were repriced in H1 at a 36‑bp improvement (≈$2.3M annualized benefit that will moderate by Q4), and noted balance‑sheet rate sensitivity: about 43% ($1.3B) of loans are now floating (vs. 23% at end‑2024), roughly $1.6B of loans reprice immediately while $250M of Fed‑funds‑indexed deposits move with them, and the gap should narrow over 12 months as $1.1B of time deposits mature and reprice.

Quarterly Profitability Improvement

GAAP net income of $12.4 million ($1.52 per share) in Q2 vs $11.3 million ($1.41) in Q1, representing a sequential increase in net income of about 9.7% and EPS up ~7.8%.

Strong Loan Growth

Gross loans grew to $3.0 billion with quarter-over-quarter growth of $93 million, a 3.2% sequential increase, driven by new originations outpacing runoff.

Core Deposit Expansion and Funding Improvement

Core deposits increased $128 million in the quarter (core deposits up $356 million or 19% year-over-year). Noninterest bearing and NOW accounts grew $72 million, including ~$44 million of increased annualized checking balances; annualized checking up ~$68 million YTD (~17%). Wholesale funding reduced by $44 million this quarter and brokered balances have fallen ~$520 million (~51%) since end-2022.

Net Interest Income and Margin Expansion

Net interest income rose to $29.5 million from $26.9 million QoQ (~9.7% increase). Net interest margin expanded by 30 basis points to 3.58%, driven by favorable repricing and new loan production at an average rate of 7.16%.

Noninterest Income Contribution from SBA Business

Noninterest income totaled $3.3 million for the quarter, led by $2.4 million of gains on SBA loan sales. First half 2026 SBA sale gains were $4.8 million vs $1.5 million in H1 2025 (up $3.3 million, a ~220% increase).

Improving Credit and Coverage

Nonperforming loans declined by $3.2 million to $15.9 million. Nonperforming assets fell to 46 basis points of total assets (down 10 bps). Allowance for loan losses ended the quarter at 1.03% of total loans with nonperforming loan coverage of ~193%.

Strong Profitability & Operating Leverage

Return on average assets was 1.46% and return on average tangible common equity was 15.61%. Pre-provision net revenue increased 31.4% QoQ to $17.5 million (2.07% of average assets). Efficiency ratio improved to 47.5% for the quarter and YTD efficiency is 51.4%.

Capital and Balance Sheet Strength

Total assets $3.5 billion, deposits $3.0 billion, shareholders' equity $323.5 million. Bank capital ratios: total capital 12.7%, CET1 11.66%, leverage 10.36% — all described as well capitalized. Tangible book value per share rose $2.41 in H1 to $40.25.

Raised Full-Year Revenue and Loan Growth Guidance

Management raised full-year guidance: loan growth to 5%-7% and net interest income to $115 million-$117 million; affirmed noninterest income guidance of $12 million-$13 million while increasing noninterest expense guidance to $65 million-$67 million.

Interest Rate Positioning

Approximately 43% of loans ($1.3 billion) are now floating-rate (up from 23% at end-2024), reducing interest rate sensitivity. Repriced $0.6 billion of time deposits in H1 at a 36-basis-point improvement (annualized benefit ~$2.3 million).

EFSC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 21, 2026	2026 (Q3)	1.38 / -	1.19	―
Jul 22, 2026	2026 (Q2)	1.33 / 1.09	1.36	-19.85% (-0.27)
Apr 22, 2026	2026 (Q1)	1.29 / 1.30	1.31	-0.76% (-0.01)
Jan 26, 2026	2025 (Q4)	1.33 / 1.45	1.28	13.28% (+0.17)
Sep 30, 2025	2025 (Q3)	1.29 / 1.19	1.32	-9.85% (-0.13)
Jul 28, 2025	2025 (Q2)	1.21 / 1.36	1.19	14.29% (+0.17)
Apr 28, 2025	2025 (Q1)	1.17 / 1.31	1.05	24.76% (+0.26)
Jan 27, 2025	2024 (Q4)	1.18 / 1.28	1.16	10.34% (+0.12)
Oct 21, 2024	2024 (Q3)	1.14 / 1.32	1.17	12.82% (+0.15)
Jul 22, 2024	2024 (Q2)	1.06 / 1.19	1.29	-7.75% (-0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed