About Enterprise Financial Services Corp.
Enterprise Financial Services Corp. (Nasdaq: EFSC), with approximately $17.3 billion in assets, is a financial holding company headquartered in Clayton, Missouri. Enterprise Bank & Trust, a Missouri state-chartered trust company with banking powers and a wholly-owned subsidiary of EFSC, operates branch offices in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico, and SBA loan and deposit production offices throughout the country. Enterprise Bank & Trust offers a range of business and personal banking services and wealth management services. Enterprise Trust, a division of Enterprise Bank & Trust, provides financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, retirement plans and non-profit organizations.
Fourth Quarter Results
Net income of $54.8 million, or $1.45 per diluted common share, compared to $1.19 in the linked quarter and $1.28 in the prior year quarter. Net interest margin (NIM) of 4.26%, quarterly increase of 3 basis points. Net interest income of $168.2 million, quarterly increase of $9.9 million. Total loans of $11.8 billion, quarterly increase of $217.2 million. Total deposits of $14.6 billion, quarterly increase of $1.0 billion.
Repurchased 67,000 shares and increased quarterly dividend $0.01 to $0.33 per common share for the first quarter 2026. Completed branch acquisition of 10 branches in Arizona and two branches in Kansas, adding $292.0 million in loans and $609.5 million in deposits
Full-Year 2025 – Summary
Net income rose to $201.4 million ($5.31 per diluted share) in 2025, up from $185.3 million ($4.83 per share) in 2024, driven by stronger core profitability. Pre-provision net revenue (PPNR) increased to $274.7 million from $255.2 million, mainly reflecting higher net interest income supported by loan and securities growth, benefits from a branch acquisition, and lower interest paid on deposits. Net interest income climbed $58.6 million to $626.7 million, with net interest margin (NIM) improving to 4.21% from 4.16%.
Growth in average loans and securities offset lower loan yields, while reduced short-term rates helped lower deposit interest expense. Noninterest income surged to $113.1 million, aided by $32.1 million in anticipated insurance proceeds related to a solar tax credit recapture, offset by a corresponding tax expense. Stockholders’ equity increased to $2.0 billion. The company returned $48.9 million to shareholders through common and preferred dividends and repurchased $14.1 million of common stock.
Overall, the company delivered higher earnings and improved core profitability in 2025, supported by balance sheet growth, solid liquidity, and disciplined capital management, despite rising expenses and some pressure on asset quality.
Fourth Quarter 2025 – Summary
Net income rose to $54.8 million, up sequentially and year over year. Diluted EPS increased to $1.45, while adjusted diluted EPS was $1.36, reflecting solid profitability improvement. PPNR increased to $74.8 million, driven mainly by higher net interest income from growth in loans and securities, partially offset by higher expenses. Net interest income climbed to $168.2 million, supported by higher average loan and securities balances, improved securities yields, and lower deposit costs. Net interest margin (NIM) expanded to 4.26%.
Noninterest expense rose to $114.5 million, reflecting higher employee compensation, branch acquisition-related costs, and increased deposit costs versus the prior year. Total loans increased to $11.8 billion, driven by the branch acquisition and organic growth, partially offset by loans transferred to OREO. The board declared a $0.33 per common share quarterly dividend and a $12.50 per share dividend on Series A Preferred Stock, both payable in March 2026. Overall, the fourth quarter of 2025 reflected strong earnings momentum, expanding margins, robust loan and deposit growth, and a solid capital position, despite modest pressure on asset quality and higher operating expenses.