Enterprise Financial Services Corp
- Open
- 67.23
- Day high
- 67.33
- Day low
- 66.31
- Prev close
- 67.39
- Volume
- 209K
- Mkt cap
- $2.4B
- P/E (TTM)
- 12.5
- EPS (TTM)
- $5.33
- P/B
- 1.2
- P/S
- 2.6
- Yield
- 1.94%
- Per share
- $1.30
- ▼Insiders net selling -$38K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Enterprise Financial Services Corp (EFSC) is a Financial Services company listed on NASDAQ. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Enterprise Financial Services Corp (EFSC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EFSC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.30 | $1.31 | +0.8% | $189M | +11.3% |
| Jan 26, 2026 | $1.37 | $1.36 | -0.7% | $194M | +11.2% |
| Jan 27, 2025 | $1.18 | $1.32 | +11.9% | $136M | -15.2% |
| Jul 22, 2024 | $1.06 | $1.19 | +12.3% | $130M | -15.8% |
| Jan 22, 2024 | $1.19 | $1.21 | +1.7% | $132M | -16.0% |
| Jul 24, 2023 | $1.29 | $1.29 | +0.0% | $136M | -12.1% |
| Jan 23, 2023 | $1.35 | $1.58 | +17.0% | $139M | -3.3% |
| Jul 25, 2022 | $1.12 | $1.19 | +6.2% | $121M | -1.9% |
| Jan 24, 2022 | $1.19 | $1.33 | +11.8% | $119M | -2.0% |
| Jan 25, 2021 | $0.69 | $1.00 | +44.9% | $92M | +5.4% |
| Oct 19, 2020 | $0.91 | $0.73 | -19.8% | $83M | -3.6% |
| Jul 20, 2020 | $0.53 | $0.56 | +5.7% | $76M | +6.0% |
EFSC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 29, 2026 | PONDER MARK Gofficer: SEVP, Chief Admin. Officer | Sell | 625 | $60.20 |
| Apr 16, 2026 | Huffman Bridgetofficer: SEVP, Chief Risk Officer | Tax | 168 | $58.30 |
| Apr 16, 2026 | DUMLAO TROYofficer: EVP, Chief Accounting Officer | Tax | 168 | $58.30 |
| Apr 16, 2026 | Huffman Bridgetofficer: SEVP, Chief Risk Officer | Option | 380 | — |
| Apr 16, 2026 | Handley Kevin Lofficer: Chief Credit Officer | Tax | 160 | $58.30 |
| Apr 16, 2026 | Handley Kevin Lofficer: Chief Credit Officer | Option | 380 | — |
| Apr 16, 2026 | DUMLAO TROYofficer: EVP, Chief Accounting Officer | Option | 380 | — |
| Mar 6, 2026 | Huffman Bridgetofficer: SEVP, Chief Risk Officer | Grant | 1,323 | — |
| Mar 6, 2026 | DUMLAO TROYofficer: EVP, Chief Accounting Officer | Grant | 836 | — |
| Mar 6, 2026 | Handley Kevin Lofficer: Chief Credit Officer | Grant | 1,140 | — |
| Mar 6, 2026 | PONDER MARK Gofficer: SEVP, Chief Admin. Officer | Grant | 1,508 | — |
| Mar 6, 2026 | BAUCHE DOUGLASofficer: SEVP, Chief Banking Officer | Grant | 1,845 | — |
| Mar 6, 2026 | KEENE S TURNERofficer: SEVP, Chief Financial Officer | Grant | 2,888 | — |
| Mar 6, 2026 | LALLY JAMES BRIANdirector, officer: CEO | Grant | 6,344 | — |
| Mar 6, 2026 | IANNACONE NICOLE Mofficer: SEVP, Chief Legal Officer | Grant | 1,471 | — |
Source: EFSC SEC Form 4 filings, latest Apr 29, 2026. For informational purposes only — not investment advice.
See the full EFSC insider & 13F page →Enterprise Financial Services Corp company profile
Overview
Enterprise Financial Services Corp (NASDAQ:EFSC) is a regional banking company founded in 1988 and headquartered in Clayton, Missouri. The company operates as the financial holding company for Enterprise Bank & Trust, providing comprehensive banking and wealth management services across multiple states in the central and western United States. Since its initial public offering in 2003, Enterprise has evolved from a traditional community bank into a diversified financial services institution with specialized lending capabilities and a multi-state footprint spanning Arizona, California, Kansas, Missouri, Nevada, and New Mexico.
Business
Enterprise Financial Services operates in the regional banking industry, providing traditional commercial and consumer banking services alongside specialized lending products. The company's core business revolves around Enterprise Bank & Trust, which offers the full spectrum of banking services including deposit accounts, commercial lending, residential mortgages, and wealth management. The bank's loan portfolio is diversified across several key segments. Commercial and Industrial (C&I) loans represent a significant portion, focusing on operating companies and business relationships. Commercial Real Estate financing includes construction and land development projects, though the bank maintains a selective approach in this sector. The company has developed several specialized lending verticals that distinguish it from typical regional banks. Life Insurance Premium Finance is a specialized product where the bank provides loans to individuals and businesses to pay premiums on large life insurance policies, using the insurance policy as collateral. This niche requires specific expertise in insurance valuation and regulatory compliance. SBA lending involves providing government-guaranteed loans to small businesses, which offers reduced credit risk due to government backing. The bank also operates a tax credit brokerage business, where it acquires various tax credits (such as historic preservation or renewable energy credits) and sells them to clients who can utilize these credits to reduce their tax liabilities. The company has expanded its deposit gathering through national deposit verticals - specialized programs that attract deposits from customers outside their traditional geographic markets through targeted products and digital channels. Wealth management services include trust services, estate planning, investment management, and financial advisory services for high-net-worth individuals, businesses, and institutions. Based on recent financial data, specialty lending segments and C&I loans appear to contribute roughly equal portions to loan growth, while traditional commercial real estate represents a smaller but stable component of the portfolio.
Revenue model
Enterprise Financial Services generates revenue primarily through traditional banking activities: earning interest on loans and investments while paying interest on deposits (net interest income), and collecting fees for various banking services (non-interest income). The company's customers include commercial businesses, individual consumers, and institutional clients who pay for lending, deposit, treasury management, and wealth management services. The bank's net interest margin - the difference between what it earns on assets and pays on liabilities - has remained relatively stable around 4.15-4.17% in recent quarters. This margin benefits from the company's diversified loan portfolio and disciplined deposit pricing. Specialized lending segments like life insurance premium finance and tax credit financing typically command higher margins than traditional commercial loans due to their complexity and specialized expertise required. Non-interest income comes from wealth management fees, SBA loan sales (where the bank originates loans and sells the guaranteed portion for a premium), tax credit brokerage commissions, treasury management fees, and traditional banking fees. The company's wealth management division generates recurring fee income based on assets under management. Several factors influence the company's profitability margins. Interest rate environments significantly impact net interest margins - rising rates generally benefit banks by increasing loan yields faster than deposit costs, while falling rates can compress margins. The bank's substantial portion of demand deposits (non-interest bearing accounts) provides a competitive advantage during rising rate cycles. Credit quality directly affects profitability through loan loss provisions - deteriorating economic conditions or specific sector stress can increase charge-offs and reduce earnings. Competition for both loans and deposits in the bank's markets affects pricing power and growth opportunities. The success of specialized lending segments depends on market conditions specific to each niche - for example, life insurance premium finance is influenced by insurance market dynamics and regulatory changes.
Competitive moat
Enterprise Financial Services operates in the highly competitive regional banking sector, where traditional moats are generally limited. The company's primary competitive advantages stem from its specialized lending expertise and relationship-based business model rather than structural barriers to entry. The bank's strongest moat lies in its specialized lending capabilities, particularly in life insurance premium finance, tax credit brokerage, and SBA lending. These niches require specific regulatory knowledge, underwriting expertise, and established relationships that take years to develop. The life insurance premium finance business, in particular, demands deep understanding of insurance products, actuarial analysis, and complex regulatory requirements that create meaningful barriers for new entrants. Customer relationships provide moderate defensive characteristics, especially in commercial banking where businesses value long-term partnerships and comprehensive service offerings. The bank's focus on family-owned businesses and middle-market companies creates some switching costs and loyalty, though these relationships can be vulnerable to aggressive pricing from competitors. The company's geographic diversification across multiple states provides some stability compared to banks concentrated in single markets, though this advantage is modest given the regional nature of banking competition. The bank's presence in growing southwestern markets like Arizona and California offers better growth prospects than purely Midwest-focused institutions. However, Enterprise faces significant competitive pressures. Larger national banks can offer more comprehensive services and compete aggressively on pricing. Credit unions and community banks compete for the same customer segments. Fintech companies increasingly threaten traditional banking relationships, particularly in payments and lending. Direct lending platforms and alternative finance providers compete in the bank's specialized lending segments. The banking industry's regulatory environment creates some barriers to entry, but established competitors face the same regulatory framework. Overall, Enterprise's moat is moderate at best, relying primarily on execution excellence and specialized expertise rather than structural competitive advantages.
Risks & safety
The company demonstrates a solid margin of safety profile typical of well-managed regional banks, though with some considerations around interest rate sensitivity and credit concentration. • Financial Strength: Strong balance sheet with $15.6 billion in total assets and $1.87 billion in shareholders' equity. Debt-to-equity ratio of 0.11 indicates conservative leverage. • Liquidity Position: Substantial cash and short-term investments of $760 million provides significant liquidity buffer. Strong deposit base of $12.6 billion with 32.5% in non-interest bearing demand deposits. • Credit Quality: Net charge-offs remain low at 16 basis points, non-performing assets at 30 basis points of total assets. Recent agricultural portfolio wind-down removes a source of credit concern. • Profitability Metrics: Return on assets of 1.29%, return on equity of 10.2% for 2024, indicating efficient capital utilization. Pre-provision net revenue provides substantial buffer for credit losses. • Valuation: Trading at P/E ratio of approximately 10-11x, price-to-book ratio of 1.15x, suggesting reasonable valuation relative to earnings and book value. • Capital Adequacy: Well-capitalized with regulatory capital ratios above required minimums. Active share repurchase program and consistent dividend payments indicate excess capital generation. • Key Risks: Interest rate sensitivity could pressure margins in declining rate environment. Geographic concentration in certain markets creates economic sensitivity. Specialized lending segments carry concentration risk if market conditions deteriorate.
Recent development
Over the past several years, Enterprise Financial Services has executed a strategic transformation from a traditional community bank to a diversified financial services company with specialized capabilities and expanded geographic reach. The company completed a significant core banking system conversion in 2024, modernizing its technology infrastructure to support growth and operational efficiency. This multi-year project required substantial investment but positions the bank for improved customer service and operational scalability. Geographic expansion has been a key strategic focus, with particular emphasis on high-growth southwestern markets. The bank has invested heavily in recruiting experienced relationship managers in California, Arizona, and Texas, building out commercial lending teams in these markets. In early 2025, the company announced the acquisition of 12 branches from First Interstate Bank (10 in Arizona, 2 in Kansas City), adding approximately $740 million in deposits and $200 million in commercial loans. The development of specialized lending verticals represents perhaps the most significant strategic evolution. The life insurance premium finance business has grown substantially, increasing $158 million in 2024 alone. The SBA lending platform has expanded across multiple states with dedicated production offices. The tax credit brokerage business has become a meaningful revenue contributor, leveraging the bank's balance sheet and client relationships. National deposit verticals have emerged as a key funding strategy, growing $610 million in 2024 (22% year-over-year). These programs allow the bank to gather deposits outside its traditional geographic footprint through specialized products and digital channels, reducing dependence on local market deposit competition. The company has made significant leadership transitions, with Scott Goodman transitioning to a part-time strategic advisor role while Doug Bauche was promoted to Chief Banking Officer and Kevin Handley becoming Chief Credit Officer. These changes reflect the bank's evolution and preparation for continued growth. Portfolio optimization efforts included the strategic decision to wind down the agricultural lending portfolio following credit issues, demonstrating management's willingness to exit segments that don't meet risk-return criteria. The bank has also maintained disciplined underwriting standards while selectively growing in preferred markets and business lines.
EFSC company profile · for informational purposes only — not investment advice.
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