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Enterprise Financial Services
Enterprise Financial Services (EFSC) investor relations material
Enterprise Financial Services Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Jan, 2026
Executive summary
Q4 2025 net income was $54.8 million ($1.45 per share), up from $1.19 in Q3 and $1.28 in Q4 2024; full-year net income reached $201.4 million ($5.31 per share), up from $4.83 in 2024.
Net interest income for Q4 was $168.2 million, up $9.9 million from Q3; annual net interest income was $626.7 million, up $58.6 million year-over-year.
Tangible book value per share grew 11% year-over-year to $41.37; return on tangible common equity reached 14.02% in Q4.
Completed acquisition of 12 branches in Arizona and Kansas in October 2025, accelerating market expansion and contributing to loan and deposit growth.
Repurchased 67,000 shares in Q4 and 258,739 shares for the year; increased quarterly dividend to $0.33 per share for Q1 2026 and annual dividend to $1.22.
Financial highlights
Net interest margin for Q4 was 4.26%, up 3 basis points from Q3 and 13 basis points from Q4 2024; annual NIM was 4.21%.
Total loans at year-end were $11.8 billion, up $217.2 million from Q3 and $580 million year-over-year; organic loan growth (excluding acquisitions) was $288 million.
Total deposits at year-end were $14.6 billion, up $1.0 billion from Q3 and $1.5 billion year-over-year; organic deposit growth was $853.4 million.
Noninterest income for Q4 was $25.4 million, up $9 million excluding prior quarter tax credit recapture, mainly from OREO gains and tax credit income.
Noninterest expense for Q4 was $114.5 million, up $4.7 million from Q3, including $2.5 million in one-time acquisition costs and $4.2 million in incremental branch expenses.
Outlook and guidance
Expecting 6%-8% balance sheet growth in 2026, with mid-single-digit loan growth and deposit growth outpacing loans.
Net interest margin projected to stabilize around 4.20% in 2026, with limited impact from anticipated Fed rate cuts.
Fee income and expenses both expected to grow around 5% year-over-year, with SBA gain on sale revenue to grow modestly.
Tax credit income expected to remain flat at $7–7.5 million in 2026.
Management expects continued improvement in asset quality and operational success in 2026, supported by investments in associates, technology, and a strong balance sheet.
Q4 foreclosures: What was the net financial gain?
What drove Q4 net interest margin increase?
Quantify branch acquisition's Q4 impact
Southern California OREO sales timing
NIM cadence with expected Fed rate cuts
Key loan growth drivers and portfolio mix
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Next Enterprise Financial Services earnings date
Q1 202628 Apr, 2026
Enterprise Financial Services
Next Enterprise Financial Services earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Enterprise Financial Services Corporation is a financial holding company offering banking and financial services through its subsidiary, Enterprise Bank & Trust. It provides commercial and personal banking, wealth management, and specialized lending solutions to individuals and businesses. The company operates primarily in the Midwest and Southwest regions of the United States. Enterprise Financial Services Corporation is headquartered in Clayton, Missouri, and its shares are listed on the NASDAQ.
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