What were the key takeaways from Enterprise’s earnings call?

What factors drove the changes in Enterprise's revenue and profit?

What is the revenue and EPS growth rate for Enterprise year over year?

What were the key takeaways from Enterprise's earnings call?

What does Enterprise do and what are its main business segments?

What guidance did Enterprise's management provide for the next earnings period?

What is the market's earnings forecast for Enterprise next quarter?

What is Enterprise's gross profit margin?

- **Record Q4 Earnings**: EPS of $1.45, up 22% QoQ and 13% YoY, driven by $10 million net interest income growth.
- **Branch Acquisition Success**: $217 million loan and $1 billion deposit growth, with 40% new client deposits.
- **Credit Improvement Path**: NPAs to drop from 95 to 35-40 basis points via 6 property sales by Q2 2026.
- **Margin Resilience**: 4.26% net interest margin in Q4, guided to 4.2% in 2026 despite rate cuts.
- **Capital Return**: $0.01 dividend increase and $67,000 shares repurchased, with 1.1 million buyback capacity remaining.

**【CEO Summary Section】**
- Q4 2025 EPS of $1.45, up 22% QoQ and 13% YoY, driven by net interest income growth of $10 million QoQ and $22 million YoY.
- Branch acquisition in Arizona and Kansas added $217 million in loans and $1 billion in deposits, with 40% of deposits from new clients.
- Tangible book value per share grew 11% YoY to $41.37, with $67,000 shares repurchased and dividend increased by $0.01 to $0.32.
- 2025 loan growth of $580 million, deposit growth of $1.5 billion, and 11% balance sheet expansion.

**【Doug Bauche (CBO) Commentary】**
- Loan portfolio diversified across C&I (50%), CRE (24%), and specialty lines (10%), with organic growth of $288 million offset by $78 million in SBA sales.
- Deposit growth of $1 billion Q4, 63% noninterest-bearing, supporting 4.26% net interest margin.
- Nonperforming assets (NPAs) at 95 basis points, expected to reduce to 35-40 basis points in 2026 via sales of 6 Southern California properties.
- 2025 net charge-offs of 21 basis points, with 18 basis points excluding Southern California portfolio.

**【Keene Turner (CFO) Financial Details】**
- Q4 net interest income $168 million, +10% QoQ, with 4.26% margin driven by 25bps deposit cost decline.
- Noninterest income $25.4 million (-48% QoQ) due to tax credit recapture, vs. $9 million growth excluding one-time items.
- Noninterest expense $115 million (+4% QoQ), including $2.5 million branch acquisition costs.
- 2026 guidance: 6-8% balance sheet growth, 4.2% net interest margin, and 58% efficiency ratio.

**【Q&A Highlights】**
- Southern California property sales expected to close by Q2 2026, with proceeds above carrying value.
- Deposit cost of 1.64% in Q4, stable in 2026 despite 3 Fed rate cuts.
- Share buyback capacity of 1.1 million shares remaining, with dividend increase plans.
- 2026 loan growth mid-single digits, deposit growth higher, and 11%+ tangible book value growth.

Enterprise Financial Services Corp (EFSC) Q4 2025 Earnings Call Transcript

- **Revenue growth**: Loan and deposit growth of 6% and 7% Y/Y, driven by strategic acquisitions and disciplined pricing.
- **Acquisition success**: 12-branch deal added $650M deposits and $300M loans, enhancing market share in key regions.
- **Margin resilience**: NIM expanded 2bps Q/Q to 4.23%, despite rate cuts, with 5bps accretion from new branches.
- **Credit challenges**: $22M increase in NPAs, but 60% tied to high-collateral loans expected to resolve in coming quarters.
- **Dividend growth**: 3% dividend increase reflects confidence in earnings stability and capital strength.
- **M&A focus**: Organic growth and buybacks prioritized over M&A, with limited NBFIs exposure.

**【CEO Summary Section】**
- **Strong loan and deposit growth**: Annualized loan growth of 6% ($174M net) and deposit growth of 7% year-over-year, driven by strategic acquisitions and market expansion.
- **Strategic acquisition**: Acquired 12 branches in Arizona and Kansas City, adding $650M deposits and $300M loans, enhancing market presence.
- **Net interest income expansion**: NII increased by $5.5M Q/Q to $158M, with NIM rising 2bps to 4.23%.
- **Dividend increase**: Dividend raised by $0.01 to $0.32 per share, reflecting confidence in earnings stability.
- **Challenges**: Provision for loan losses up due to $22M increase in nonperforming assets, but expects resolution in coming quarters.

**【CFO Financial Commentary】**
- **Earnings performance**: GAAP net income of $45M, EPS of $1.19, with adjusted EPS of $1.20 excluding one-time tax credit recapture.
- **Margin resilience**: Despite rate cuts, NIM expanded 2bps Q/Q to 4.23%, driven by disciplined pricing and asset mix.
- **Expense management**: Noninterest expense up 3.9% Y/Y to $109.8M, with deposit costs rising due to growth, but core efficiency ratio at 61%.
- **Capital strength**: Tangible book value grew 4% Q/Q, with CET1 ratio at 12%, supporting M&A and liquidity.

**【Q&A Key Highlights】**
- **Credit resolution**: Southern California CRE loans ($68M) in foreclosure, with confidence in full recovery; life insurance loan ($12M) expected to resolve via policy liquidation.
- **NBFIs exposure**: Minimal exposure to private lenders, with $260M in secured notes to experienced operators.
- **Margin outlook**: CFO expects to offset 25bp rate cut's 3-5bps impact on NIM, with branch accretion adding 5bps.
- **M&A priorities**: Focus on organic growth and buybacks, with M&A as opportunistic.
- **Fee income volatility**: Q4 fee income expected to rebound from Q3 lows, but dependent on tax credit activity and SBA sales.

Enterprise Financial Services Corp (EFSC) Q3 2025 Earnings Call Transcript

- **EPS Growth**: $1.36 vs $1.31 linked quarter, 14% YoY increase.
- **Margin Expansion**: 4.21% NIM, 6bps QoQ improvement.
- **Loan Growth**: $110M Q2, 4% annualized, across all segments.
- **Branch Deal**: $700M well-priced deposits from Q4 acquisition.
- **H2 Outlook**: 5-7% loan growth, stable margin, mid-single-digit EPS accretion.

**【CEO Opening Remarks】**
- Q2 2025 EPS of $1.36, up 14% YoY, driven by net interest income growth and disciplined pricing. 
- Net interest margin expanded 6bps to 4.21%, 5th consecutive quarter of growth.
- Loan growth $110M (4% annualized), with contributions across C&I, CRE, and specialty lending.
- Deposit growth $73M (stable core deposits, 30% DDA mix).
- Branch acquisition from First Interstate expected to close Q4, targeting mid-single-digit EPS accretion.

**【CFO Financial Commentary】**
- GAAP net income $51M, EPS $1.36 vs $1.31 linked quarter.
- Noninterest income $21M (+11% YoY), boosted by BOLI ($1.1M/Q), SBA sales ($1.2M/Q).
- Noninterest expense $105.7M (+5.9% QoQ), driven by merit increases, deposit growth costs.
- Provision for credit losses $3.5M (down 33% QoQ), with $3M recovery on legacy loan.
- Tangible book value per share $40.02 (+15% annualized).

**【Q&A Highlights】**
- **Loan Growth Outlook**: CEO expects 5-7% annualized in H2, citing pent-up demand post-tax bill passage.
- **Margin Outlook**: CFO sees stable to modestly expanding margin, with potential 2-3bps pressure from sub debt reset.
- **SBA Strategy**: Will evaluate $25M/Q loan sales based on pipeline, targeting fee income diversification.
- **Capital Management**: Branch acquisition will reduce TCE ratio to 8.5%, within target range. Sub debt call in Q3 to optimize capital stack.
- **M&A Strategy**: Focus on organic growth first, but open to accretive deals enhancing diversified model.

Enterprise Financial Services Corp (EFSC) Q2 2025 Earnings Conference Call Transcript

- **Record Q1 Earnings**: $1.31 EPS, up 24% YoY, fueled by 4.15% NIM and $740M branch acquisition.
- **Strategic Expansion**: Arizona/Kansas City branches add low-cost deposits and high-margin loans, targeting 2026 EPS accretion.
- **Credit Stability**: 72bps NPAs expected to resolve; 1.27% allowance ratio reflects cautious risk management.
- **Capital Efficiency**: 14% ROE, $11M buybacks, and dividend hike maintain shareholder returns.
- **Growth Drivers**: Specialty lending (C&I, CRE) and new branch openings support mid-single-digit loan growth.

**【CEO Opening Remarks】**
- Q1 2025 EPS of $1.31, up 24% YoY, driven by strong net interest income (NII) growth and strategic branch acquisitions.
- Acquired 12 branches from First Interstate Bank, adding $740M in deposits and $200M in loans, targeting Arizona and Kansas City markets.
- Loan growth of 3% ($78M) despite seasonal declines; deposit cost reduction to 1.83% (down 17bps QoQ).
- ROE of 14% and TCE ratio of 9.3%, with $11M in share buybacks and dividend increase to $0.30/Q2.

**【CFO Financial Breakdown】**
- NII up $1.1M QoQ, with NIM of 4.15% despite 2 fewer days; loan origination rate at 7.12%, deposit rate at 1.82%.
- Non-performing assets (NPAs) at 72bps of assets due to 2 large Southern California loans in bankruptcy; full recovery expected.
- Non-interest income of $18M, including $1.9M SBA loan sale gain; expense control maintained at $99.8M (flat QoQ).
- Capital return via buybacks ($11M) and dividend hike, with TCE ratio stable at 9.3%.

**【Leadership Transition】**
- Scott Goodman transitioning to Strategic Advisor; Doug Bauche named Chief Banking Officer, Kevin Handley as Chief Credit Officer.
- Succession plan ensures continuity, with focus on relationship banking and disciplined risk management.

**【Q&A Highlights】**
- Branch acquisition EPS accretion: ~$0.05 in 2026, neutral to slightly positive NIM impact.
- Loan growth outlook: mid-single digits, driven by specialty lending and new branch openings.
- Credit risk: NPAs expected to resolve by Q1 2026; allowance ratio at 1.27% of loans.
- Margin outlook: 4.15% NIM in Q1, slight decline Q2-Q3, stable thereafter with rate cuts.
- Capital allocation: balance buybacks, M&A, and dividend growth while maintaining TCE >9%.

Enterprise Financial Services (EFSC)-29 Apr 25-2025 Q1 Earnings call transcript

- **EPS Growth**: Q4 2024 EPS of $1.28, up 10% vs. Q4 2023. Full-year EPS of $4.83 reflects strong profitability.
- **Deposit Strength**: Q4 deposit growth of $677 million, DDA mix at 34%, cost of deposits at 2%.
- **Margin Resilience**: 4.13% net interest margin in Q4, stable outlook for 2025 despite rate cuts.
- **Credit Quality**: Net charge-offs at 16 bps for 2024, allowance at 1.34% of loans.
- **Capital Return**: Dividend increased 6% YoY, $11M in buybacks, tangible book value up 10%.

**【CEO Summary Section】**
- **Revenue Growth**: Q4 2024 EPS of $1.28, up from $1.16 in Q4 2023. Full-year 2024 EPS of $4.83, driven by net income of $185.3 million.
- **Deposit Success**: Client deposits grew $677 million in Q4, 5th consecutive quarter of growth. DDA to total deposits at 34%, cost of deposits at 2%.
- **Strategic Focus**: Mid- to high-single-digit balance sheet growth in 2025. Emphasis on C&amp;I and CRE, with disciplined credit approach.
- **Capital Management**: Dividend increased to $0.29/share for Q1 2025, $11 million in share buybacks. Tangible book value per share up 10% YoY to $37.27.

**【CFO Financial Commentary】**
- **Net Interest Income**: $146.4 million in Q4, +$2.9 million vs. Q3. Margin at 4.13%, stable despite rate cuts, driven by deposit cost management.
- **Expense Control**: Noninterest expense at $99.5 million, +1.5% vs. Q3 due to compensation and core conversion costs. Efficiency ratio improved to 57.1%.
- **Credit Quality**: Net charge-offs at 16 bps for 2024, NPLs at 30 bps of assets. Allowance for credit losses at 1.34% of unguaranteed loans.
- **Balance Sheet**: Asset-sensitive with 5 bps margin impact per 25 bps rate cut. 2025 outlook for stable margin around 4.10%.

**【Q&A Key Highlights】**
- **Margin Stability**: Keene Turner expects 4.10%+ margin in 2025 despite potential rate cuts, citing deposit cost management and curve steepness.
- **Deposit Growth**: Jim Lally notes DDA growth sustainability, with 34% DDA mix. Q1 2025 may see seasonal DDA decline but long-term trend intact.
- **Loan Pipeline**: Scott Goodman highlights $140 million Q4 loan growth (5% annualized), strong CRE and C&amp;I pipelines. SBA growth of $25 million Q4.
- **Credit Risks**: Doug Bauche notes 2 nonperforming loans ($9M and $2M) being actively managed. Net charge-offs at 16 bps for 2024, stable credit metrics.
- **M&A Outlook**: Jim Lally states no active M&A focus in 2025, prioritizing organic growth through talent acquisition and market disruption.

Enterprise Financial Services (EFSC)-28 Jan 25-2024 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-22 Oct 24-2024 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Jul 24-2024 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Apr 24-2024 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Jan 24-2023 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-24 Oct 23-2023 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-25 Jul 23-2023 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-25 Apr 23-2023 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-24 Jan 22-2022 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-25 Oct 22-2022 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-26 Jul 22-2022 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-26 Apr 22-2022 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-25 Jan 22-2021 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-26 Oct 21-2021 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-27 Jul 21-2021 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-27 Apr 21-2021 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-26 Jan 21-2020 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-20 Oct 20-2020 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-21 Jul 20-2020 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-21 Apr 20-2020 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-22 Oct 19-2019 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Jul 19-2019 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Apr 19-2019 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Oct 18-2018 Q3 Earnings call transcript

Enterprise Financial Services (EFSC)-24 Jul 18-2018 Q2 Earnings call transcript

Enterprise Financial Services (EFSC)-24 Apr 18-2018 Q1 Earnings call transcript

Enterprise Financial Services (EFSC)-23 Jan 18-2017 Q4 Earnings call transcript

Enterprise Financial Services (EFSC)-24 Oct 17-2017 Q3 Earnings call transcript

Actual									0.48	0.56	0.68	1	0.96	1.23	0.38	1.33	1.23	1.19	1.32	1.58	1.46	1.29	1.17	1.16	1.05	1.19	1.32	1.28	1.31	1.36	1.19	1.45
Forecast									0.754	0.534	0.916	0.692	0.878	1.074	1.006	1.176	1.115	1.122	1.24	1.352	1.368	1.29	1.238	1.19	1.114	1.06	1.138	1.176	1.172	1.2075	1.294	1.33
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-36.34%	+4.87%	-25.76%	+44.51%	+9.34%	+14.53%	-62.23%	+13.10%	+10.31%	+6.06%	+6.45%	+16.86%	+6.73%	0.00%	-5.49%	-2.52%	-5.75%	+12.26%	+15.99%	+8.84%	+11.77%	+12.63%	-8.04%	+9.02%

EFSC

EFSC fundamentals

EFSC Q4 2025 Earnings

Earnings Call

You can ask Aime

EFSC

EFSC fundamentals

EFSC Q4 2025 Earnings

Earnings Call

EFSC Earnings Call Summary for Q4/202511:00 AM on Jan 27, 2026

EFSC Earnings Call Summary for Q3/202511:00 AM on Oct 28, 2025

EFSC Earnings Call Summary for Q2/202511:00 AM on Jul 29, 2025

EFSC Earnings Call Summary for Q1/202511:00 AM on Apr 29, 2025

EFSC Earnings Call Summary for Q4/202411:00 AM on Jan 28, 2025

You can ask Aime