Enterprise Financial Services Corp. (EFSC)
NASDAQ:EFSC
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Enterprise Financial Services
(NASDAQ:EFSC)
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Rating:66Neutral
Price Target:
$58.00
â–¼(-1.73% Downside)
Action:ReiteratedDate:03/10/26
EFSC’s score is driven primarily by solid underlying fundamentals (healthy profitability and a strengthened, de-levered balance sheet) and supportive earnings-call guidance for margin, growth, and capital returns. These positives are tempered by sharply weaker 2025 cash-flow performance and clearly bearish technicals (below key moving averages with negative MACD), which elevate near-term execution and timing risk despite attractive valuation.
Positive Factors
Balance Sheet Strength
The move to materially lower leverage, including reported zero total debt in 2025 and steady equity growth, provides durable financial flexibility. Lower debt and higher tangible equity support organic lending, M&A optionality, capital returns and resilience through economic cycles.
Negative Factors
Weakened Cash Generation
A sharp drop in operating and free cash flow reduces confidence in near-term internal funding for dividends, buybacks and growth. Even though FCF covers reported net income, the step-down in cash conversion signals potential volatility in liquidity and less buffer for credit stress or discretionary capital uses.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The move to materially lower leverage, including reported zero total debt in 2025 and steady equity growth, provides durable financial flexibility. Lower debt and higher tangible equity support organic lending, M&A optionality, capital returns and resilience through economic cycles.
Read all positive factors
Enterprise Financial Services (EFSC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.17B
Dividend Yield2.2%
Average Volume (3M)168.22K
Price to Earnings (P/E)9.9
Beta (1Y)0.69
Revenue Growth6.59%
EPS Growth9.36%
CountryUS
Employees1,218
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.45
Shares Outstanding36,816,013
10 Day Avg. Volume260,264
30 Day Avg. Volume168,220
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)0.98
Price to Sales (P/S)2.19
P/FCF Ratio11.00
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue2.71
Enterprise Value/Gross Profit3.96
Enterprise Value/Ebitda8.49
Forecast
1Y Price Target
$64.00Price Target Upside8.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.53
Revenue Forecast (FY)$769.71M
Enterprise Financial Services Business Overview & Revenue Model
Company Description
Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money mar...
How the Company Makes Money
EFSC generates revenue through multiple key streams, primarily from interest income on loans, fees from banking services, and management fees from investment products. The company issues various types of loans, including commercial loans, personal...
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 Earnings Call Summary
Earnings Call Date:Jan 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call conveyed mostly positive operating and financial momentum: stronger-than-expected earnings, expanding net interest income and margin, robust deposit gathering, successful integration of a strategic branch acquisition, and continued capital returns and tangible book value growth. Counterbalancing these positives are elevated NPAs/OREO and a Q4 spike in net charge-offs driven largely by the resolution of a major Southern California relationship, some noninterest income volatility and one-time acquisition-related expense pressure. Management communicated a clear action plan and timeline to resolve the largest credit items and expects NPAs to normalize within 1–2 quarters while defending margin and pursuing mid-single-digit loan growth in 2026.Positive Updates
Strong Quarterly and Annual Earnings
Q4 diluted EPS of $1.45, up from $1.19 in the linked quarter (+21.8%) and $1.28 in Q4 2024 (+13.3%). Full-year 2025 net income of $201 million or $5.31 per diluted share. Adjusted Q4 EPS was $1.36, up $0.16 from the prior-quarter adjusted EPS of $1.20 (+13.3%).
Negative Updates
Elevated Nonperforming Assets and OREO
Nonperforming assets rose to 95 basis points of total assets in Q4 (from 83 bps prior quarter). OREO increased due to foreclosure activity; company acknowledges current NPA level is not consistent with historical quality and aims to reduce NPAs to ~35–40 bps in 1–2 quarters.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly and Annual Earnings
Q4 diluted EPS of $1.45, up from $1.19 in the linked quarter (+21.8%) and $1.28 in Q4 2024 (+13.3%). Full-year 2025 net income of $201 million or $5.31 per diluted share. Adjusted Q4 EPS was $1.36, up $0.16 from the prior-quarter adjusted EPS of $1.20 (+13.3%).
Read all positive updates
Company Guidance
Management guided to a roughly 4.2% net interest margin run rate and about $420M of net interest income for 2026, with balance sheet growth of roughly 6–8% (loan growth mid-single-digit) funded by deposit gathering (organic deposit growth ~6.5% y/y; Q4 deposits +$1.0B, +11% y/y including $609M acquired; quarter organic deposit inflow $432M with 63% noninterest-bearing), a loan-to-deposit ratio near 81%, and a December cost of deposits of ~1.6–1.64%; they assumed three Fed funds cuts in the outlook. Expense guidance is roughly $423M of core run-rate expense plus ~$18M annualized from acquired branches (expenses expected to grow ~5%; Q4 core efficiency ~58.3%). Capital and shareholder actions include maintaining tangible common equity ~9.1% (TCE/tangible assets 9.07%), CET1 11.6%, tangible book value per share $41.37 (+11% y/y), a Q1 2026 dividend of $0.33, ongoing repurchases (258k shares repurchased in 2025; ~1.1M shares still authorized). Credit guidance expects NPAs to decline from 95 bps to ~35–40 bps in 1–2 quarters, allowance for credit losses ~1.19% of loans (1.29% adj), and lower net charge-offs and provisioning versus 2025 (2025 net charge-offs 21 bps, adjusted 18 bps).Enterprise Financial Services Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
80
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 912.39M | 814.41M | 743.52M | 533.66M | 421.60M |
| Gross Profit | 624.38M | 509.94M | 504.58M | 493.09M | 385.18M |
| EBITDA | 291.48M | 241.32M | 257.87M | 273.47M | 182.78M |
| Net Income | 201.37M | 185.27M | 194.06M | 203.04M | 133.06M |
Balance Sheet | |||||
| Total Assets | 17.30B | 15.60B | 14.52B | 13.05B | 13.54B |
| Cash, Cash Equivalents and Short-Term Investments | 213.87M | 875.37M | 2.05B | 1.83B | 3.39B |
| Total Debt | 508.55M | 437.37M | 453.81M | 579.55M | 558.76M |
| Total Liabilities | 15.26B | 13.77B | 12.80B | 11.53B | 12.01B |
| Stockholders Equity | 2.04B | 1.82B | 1.72B | 1.52B | 1.53B |
Cash Flow | |||||
| Free Cash Flow | 181.53M | 239.93M | 261.68M | 214.71M | 158.07M |
| Operating Cash Flow | 193.51M | 247.40M | 268.24M | 216.64M | 160.57M |
| Investing Cash Flow | -1.08B | -796.87M | -1.31B | -1.38B | -23.11M |
| Financing Cash Flow | 803.17M | 880.61M | 1.18B | -563.19M | 1.35B |
Enterprise Financial Services Technical Analysis
Positive
59.02
Price Trends
56.39
Positive
55.52
Positive
55.83
Positive
Market Momentum
0.09
Negative
68.27
Neutral
96.57
Negative
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 59.02 is above the 20-day moving average (MA) of 54.14, above the 50-day MA of 56.39, and above the 200-day MA of 55.83, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 68.27 is Neutral, neither overbought nor oversold. The STOCH value of 96.57 is Negative, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.32B | 15.68 | 5.33% | 4.11% | 41.45% | -41.16% | |
70 Outperform | $2.46B | 18.91 | 7.03% | 1.69% | -5.72% | -3.86% | |
68 Neutral | $2.39B | 11.56 | 9.51% | 3.33% | 11.63% | 5.58% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $2.19B | 10.97 | 10.28% | 2.97% | 6.98% | 15.08% | |
66 Neutral | $2.17B | 9.91 | 10.25% | 2.20% | 6.59% | 9.36% | |
66 Neutral | $2.11B | 13.61 | 13.69% | 1.88% | 11.74% | 26.27% |
* Financial Sector Average
EFSC
Enterprise Financial Services
59.02
13.40
29.36%
BANR
Banner
64.31
9.30
16.90%
FBNC
First Bancorp
59.30
23.58
66.03%
BUSE
First Busey
26.95
8.23
43.96%
NBTB
NBT Bancorp
45.79
8.42
22.52%
SYBT
Stock Yards Bancorp
71.55
8.75
13.94%
Enterprise Financial Services Corporate Events
Business Operations and StrategyFinancial Disclosures
Enterprise Financial Services Highlights Strategy in Investor Presentation
Positive
Mar 9, 2026
On March 9, 2026, Enterprise Financial Services Corp released a fixed-income focused investor presentation outlining its current financial profile and strategic positioning, highlighting 2025 metrics such as $17.3 billion in total assets, a 1.24% ...
Business Operations and StrategyFinancial Disclosures
Enterprise Financial Highlights Strong Growth and Capital Foundations
Positive
Jan 29, 2026
In an investor presentation dated January 2026, Enterprise Financial Services Corp outlined its differentiated business model, emphasizing a strong capital foundation, consistent growth, and a decade-long compounding of tangible book value per sha...
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.