Enterprise Financial Services (EFSC)
Market Price (5/12/2026): $59.14 | Market Cap: $2.2 BilSector: Financials | Industry: Regional Banks
Enterprise Financial Services (EFSC)
Market Price (5/12/2026): $59.14Market Cap: $2.2 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 9.3% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -105% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% Low stock price volatilityVol 12M is 24% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. | Trading close to highsDist 52W High is -3.2%, Dist 3Y High is -3.2% Weak multi-year price returns3Y Excs Rtn is -14% | Key risksEFSC key risks include [1] a significant surge in nonperforming loans and [2] rising noninterest expenses driven by higher compensation and deposit costs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 9.3% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -105% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% |
| Low stock price volatilityVol 12M is 24% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Trading close to highsDist 52W High is -3.2%, Dist 3Y High is -3.2% |
| Weak multi-year price returns3Y Excs Rtn is -14% |
| Key risksEFSC key risks include [1] a significant surge in nonperforming loans and [2] rising noninterest expenses driven by higher compensation and deposit costs. |
Qualitative Assessment
AI Analysis | Feedback
Enterprise Financial Services (EFSC) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Enterprise Financial Services (EFSC) surpassed Q1 2026 earnings expectations, reporting a diluted EPS of $1.30 against an analyst forecast of $1.29, and revenue reached $188.85 million, exceeding the $169.69 million prediction.
2. The company demonstrated resilient core banking performance with a stable tax-equivalent net interest margin of 4.28% in Q1 2026, alongside controlled asset quality reflected by nonperforming assets at 0.87% of total assets.
Show more
1. Enterprise Financial Services (EFSC) surpassed Q1 2026 earnings expectations, reporting a diluted EPS of $1.30 against an analyst forecast of $1.29, and revenue reached $188.85 million, exceeding the $169.69 million prediction.
2. The company demonstrated resilient core banking performance with a stable tax-equivalent net interest margin of 4.28% in Q1 2026, alongside controlled asset quality reflected by nonperforming assets at 0.87% of total assets.
Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 3.7% change in EFSC stock from 1/31/2026 to 5/11/2026 was primarily driven by a 7.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.00 | 59.09 | 3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 593 | 634 | 7.0% |
| Net Income Margin (%) | 32.9% | 31.6% | -3.9% |
| P/E Multiple | 10.8 | 10.9 | 0.6% |
| Shares Outstanding (Mil) | 37 | 37 | 0.3% |
| Cumulative Contribution | 3.7% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| EFSC | 3.7% | |
| Market (SPY) | 3.6% | 47.1% |
| Sector (XLF) | -3.7% | 58.7% |
Fundamental Drivers
The 14.2% change in EFSC stock from 10/31/2025 to 5/11/2026 was primarily driven by a 10.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.76 | 59.09 | 14.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 593 | 634 | 7.0% |
| Net Income Margin (%) | 32.9% | 31.6% | -3.9% |
| P/E Multiple | 9.8 | 10.9 | 10.8% |
| Shares Outstanding (Mil) | 37 | 37 | 0.3% |
| Cumulative Contribution | 14.2% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| EFSC | 14.2% | |
| Market (SPY) | 5.5% | 40.2% |
| Sector (XLF) | -1.4% | 53.4% |
Fundamental Drivers
The 16.2% change in EFSC stock from 4/30/2025 to 5/11/2026 was primarily driven by a 19.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.85 | 59.09 | 16.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 531 | 634 | 19.4% |
| Net Income Margin (%) | 34.9% | 31.6% | -9.2% |
| P/E Multiple | 10.2 | 10.9 | 6.6% |
| Shares Outstanding (Mil) | 37 | 37 | 0.6% |
| Cumulative Contribution | 16.2% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| EFSC | 16.2% | |
| Market (SPY) | 30.4% | 46.1% |
| Sector (XLF) | 6.6% | 60.6% |
Fundamental Drivers
The 48.1% change in EFSC stock from 4/30/2023 to 5/11/2026 was primarily driven by a 54.0% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.90 | 59.09 | 48.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 521 | 634 | 21.7% |
| Net Income Margin (%) | 40.5% | 31.6% | -21.8% |
| P/E Multiple | 7.1 | 10.9 | 54.0% |
| Shares Outstanding (Mil) | 37 | 37 | 1.1% |
| Cumulative Contribution | 48.1% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| EFSC | 48.1% | |
| Market (SPY) | 78.7% | 43.8% |
| Sector (XLF) | 61.9% | 62.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EFSC Return | 37% | 6% | -7% | 29% | -2% | 11% | 91% |
| Peers Return | 47% | -14% | -2% | 26% | 4% | 6% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| EFSC Win Rate | 67% | 33% | 42% | 58% | 50% | 60% | |
| Peers Win Rate | 70% | 52% | 45% | 55% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| EFSC Max Drawdown | -1% | -14% | -30% | -15% | -18% | -2% | |
| Peers Max Drawdown | -1% | -25% | -47% | -10% | -22% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CBSH, UMBF, ASB, ZION, WAL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | EFSC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.7% | -18.8% |
| % Gain to Breakeven | 31.0% | 23.1% |
| Time to Breakeven | 133 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.5% | -9.5% |
| % Gain to Breakeven | 21.3% | 10.5% |
| Time to Breakeven | 38 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -31.2% | -6.7% |
| % Gain to Breakeven | 45.4% | 7.1% |
| Time to Breakeven | 446 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.0% | -24.5% |
| % Gain to Breakeven | 17.6% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.1% | 50.9% |
| Time to Breakeven | 332 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.9% | -19.2% |
| % Gain to Breakeven | 40.7% | 23.7% |
| Time to Breakeven | 809 days | 105 days |
In The Past
Enterprise Financial Services's stock fell -23.7% during the 2025 US Tariff Shock. Such a loss loss requires a 31.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | EFSC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.7% | -18.8% |
| % Gain to Breakeven | 31.0% | 23.1% |
| Time to Breakeven | 133 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -31.2% | -6.7% |
| % Gain to Breakeven | 45.4% | 7.1% |
| Time to Breakeven | 446 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.1% | 50.9% |
| Time to Breakeven | 332 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.9% | -19.2% |
| % Gain to Breakeven | 40.7% | 23.7% |
| Time to Breakeven | 809 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -69.6% | -53.4% |
| % Gain to Breakeven | 229.0% | 114.4% |
| Time to Breakeven | 2284 days | 1085 days |
In The Past
Enterprise Financial Services's stock fell -23.7% during the 2025 US Tariff Shock. Such a loss loss requires a 31.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Enterprise Financial Services (EFSC)
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 market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans. In addition, the company offers treasury management and international trade services; tax credit brokerage services consisting of the acquisition of tax credits and sale of these tax credits to clients; and financial and estate planning, investment management, and trust services to businesses, individuals, institutions, retirement plans, and non-profit organizations. Further, it offers fiduciary, financial advisory, and merchant processing services; and debit and credit cards. Additionally, the company provides international banking, insurance, internet and mobile banking, remote deposit capture, positive pay, fraud detection and prevention, automated payable, check imaging, and statement and document imaging services; and cash management products, controlled disbursements, repurchase agreements, and sweep investment accounts. It operates banking locations and administrative offices in Arizona, California, Kansas, Missouri, Nevada, and New Mexico market areas, as well as a network of SBA loan production offices and deposit production offices in various states. Enterprise Financial Services Corp was founded in 1988 and is headquartered in Clayton, Missouri.
AI Analysis | Feedback
A regional version of U.S. Bancorp.
Like PNC Bank or Truist, offering comprehensive banking and wealth management services across its Midwest and Southwest U.S. markets.
AI Analysis | Feedback
- Deposit Accounts: Offers various accounts including checking, savings, money market, and certificates of deposit for individuals and businesses.
- Loan Products: Provides a comprehensive suite of loans such as commercial, real estate, construction, agricultural, and consumer financing.
- Wealth Management & Advisory Services: Delivers financial and estate planning, investment management, trust, fiduciary, and general financial advisory.
- Treasury & Cash Management Services: Offers treasury management, international trade, cash management products, and merchant processing for businesses.
- Tax Credit Brokerage: Specializes in the acquisition and sale of tax credits to clients.
- Digital Banking & Card Services: Provides debit and credit cards along with internet, mobile banking, and advanced fraud prevention tools.
- Insurance Services: Offers various insurance products to meet customer needs.
AI Analysis | Feedback
Enterprise Financial Services (EFSC) operates as a diversified financial services company, serving a broad range of clients rather than a few major named customers. As a bank, its customer relationships are confidential, making it impossible to list specific customer companies or individuals by name.
Based on the services described, EFSC serves the following major categories of customers:
- Individuals: This category includes customers seeking personal banking services (checking, savings, money market accounts, certificates of deposit), residential real estate and consumer loans, as well as financial and estate planning, investment management, and trust services.
- Businesses and Corporate Customers: EFSC provides extensive services to businesses, encompassing commercial and industrial loans, commercial real estate, construction and land development, and agricultural loans. This category also utilizes services such as treasury management, international trade, tax credit brokerage, merchant processing, and wealth management.
- Institutional and Organizational Clients: This includes institutions, retirement plans, and non-profit organizations that utilize EFSC's financial and estate planning, investment management, and trust services.
AI Analysis | Feedback
- Visa Inc. (V)
- Mastercard Incorporated (MA)
AI Analysis | Feedback
James Brian LallyPresident and Chief Executive Officer
James Brian Lally, known as Jim, has served as the President and Chief Executive Officer of Enterprise Financial Services Corp (EFSC) since May 2017. He joined EFSC in 2003 and progressively rose through various leadership roles, including President of EFSC, Director of Fee Businesses, and Director of Commercial Banking for Enterprise Bank & Trust, the company's principal subsidiary. Mr. Lally brings over 20 years of experience in the St. Louis banking industry, having previously worked as a Vice President at US Bank. He also chairs the subsidiary bank board, Enterprise Bank & Trust, a position he has held since May 2022.
Keene S. Turner
Senior Executive Vice President, Chief Financial Officer and Chief Operating Officer
Keene S. Turner holds the titles of Senior Executive Vice President, Chief Financial Officer, and Chief Operating Officer at Enterprise Financial Services Corp. He was promoted to Chief Operating Officer in October 2025, while continuing his role as Chief Financial Officer. Mr. Turner joined the company in 2013 and became its CFO in October 2013, later resuming bank CFO duties in February 2019. Prior to his tenure at EFSC, he served as Executive Vice President and Chief Accounting Officer at National Penn Bancshares, Inc. Mr. Turner's experience also includes a role as a Vice President at Griffin Financial Group, an investment banking firm, where he provided advisory services to financial institutions on mergers, acquisitions, and other strategic matters. He is a Certified Public Accountant (CPA) with public accounting experience from Ernst & Young, LLP. In recognition of his expertise, Mr. Turner was named CFO of the Year by the St. Louis Business Journal in 2016.
Douglas N. Bauche
Senior Executive Vice President, Chief Banking Officer
Douglas N. Bauche, or Doug, was promoted to the newly created role of Chief Banking Officer, effective October 1, 2025. In this capacity, he is responsible for the company's commercial revenue-producing businesses. Mr. Bauche has been with Enterprise Financial Services Corp for more than 25 years and previously served as Chief Credit Officer since May 2023.
Kevin Handley
Chief Credit Officer
Kevin Handley was promoted to Chief Credit Officer, effective October 1, 2025, and reports to Doug Bauche. A seasoned industry professional with 30 years of experience, Mr. Handley joined Enterprise Financial Services Corp in 2018. Before his promotion, he held the position of Executive Vice President, Regional Senior Lender.
Troy Dumlao
Executive Vice President, Chief Accounting Officer, Chief Financial Officer of Enterprise Bank & Trust
Troy Dumlao was promoted to Chief Financial Officer of Enterprise Bank & Trust, the banking subsidiary, effective October 1, 2025. He also continues in his role as Executive Vice President and Chief Accounting Officer of Enterprise Financial Services Corp. Mr. Dumlao joined the company in 2019 and serves as the principal accounting officer.
AI Analysis | Feedback
The key risks for Enterprise Financial Services (EFSC) primarily revolve around its core banking and wealth management operations, influenced by the broader financial landscape and regulatory environment.
- Credit Risk: Enterprise Financial Services faces significant exposure to credit risk, which is the potential for losses arising from a borrower's failure to meet their financial obligations. The company has experienced a notable increase in nonperforming loans, with a surge to $127.9 million from $42.7 million, and nonperforming assets rising to 0.83% of total assets from 0.33% a year prior. This risk is particularly elevated for financial institutions in the current economic climate, with warnings of increasing credit risk across the federal banking system.
- Interest Rate Risk: Fluctuations in interest rates pose a substantial risk to Enterprise Financial Services. This risk can impact the company's earnings by altering borrowing costs and investment returns. Elevated interest rates have contributed to increased deposit costs and pressure on bank margins, a particular concern for regional banks. The cost of interest-bearing deposits has surged, and net interest margins (NIMs) are under pressure due to strong deposit competition. This continues to be a top risk for financial services leaders, with its perceived significance increasing in recent years.
- Regulatory Compliance Risk: As a financial holding company, Enterprise Financial Services operates within a complex and heavily regulated environment. The company is subject to extensive supervision by various federal and state regulators, including the Federal Reserve, FDIC, and CFPB. Non-compliance with these stringent regulations can lead to severe consequences, such as substantial fines, damage to brand reputation, and restrictions on business activities. The banking industry is continuously adapting to an evolving regulatory landscape and demanding capital and liquidity requirements, making ongoing compliance a critical and challenging endeavor.
AI Analysis | Feedback
The clear emerging threat for Enterprise Financial Services, as a traditional financial institution, comes from the accelerating disruption by digital-native financial technology companies (fintechs) and large technology companies (Big Tech) entering the financial services sector. These entities offer more streamlined, often lower-cost, and digitally superior alternatives for various banking and wealth management services that EFSC provides. This includes services like consumer checking and savings accounts, small business lending, payment processing, and basic investment management, which could erode EFSC's market share and profitability in these segments by offering highly convenient, mobile-first experiences with potentially different cost structures, challenging the traditional branch-based banking model.
AI Analysis | Feedback
Enterprise Financial Services Corp (EFSC) operates in several financial sectors, with its primary services encompassing banking and wealth management for individuals and corporate customers. The addressable markets for its main products and services in the U.S. are substantial:
- Commercial Banking Services: The U.S. commercial banking market size is estimated at USD 765.53 billion in 2026 and is projected to reach USD 954.48 billion by 2031, growing at a CAGR of 4.51% over 2026-2031. Other sources estimate the U.S. commercial banking market at USD 226.44 billion in 2024, expected to reach USD 269.28 billion by 2029, growing at a CAGR of more than 2%. Another report valued it at USD 229 billion in 2023, slated to hit USD 339 billion by the end of 2032 with a CAGR of nearly 5% between 2024 and 2032. Commercial lending alone led with 43.78% of the U.S. commercial banking market share in 2025.
- Deposits: Deposits in all U.S. commercial banks were USD 18,816 billion in March 2026. In April 2025, deposits for all commercial banks in the U.S. amounted to USD 18,121.04570 billion.
- Commercial and Industrial Loans: Commercial and industrial loans by all commercial banks in the U.S. amounted to USD 2,743.04720 billion in January 2026. In February 2026, this figure was USD 2,789.6057 billion.
- Real Estate Loans (Commercial and Residential): The U.S. real estate loan market reached an impressive valuation of USD 3.5 trillion in 2024 and is currently expanding at a CAGR of 10.6%. This market is projected to grow from USD 12.38 trillion in 2025 to USD 13.88 trillion in 2026. The total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled USD 498 billion in 2024. Commercial real estate loans by all commercial banks in the U.S. were USD 3,072.46750 billion in February 2026. The U.S. home loan market size is estimated at USD 2.42 trillion in 2026 and is forecasted to grow to USD 3.17 trillion by 2031.
- Consumer Loans: The consumer lending market in the U.S. has a market size of USD 27 trillion and is growing. Americans owed USD 276 billion in personal loan debt as of Q4 2025. The global personal loans market size was valued at USD 429.78 billion in 2025 and is projected to grow to USD 1,521.91 billion by 2034. North America dominated the market with a valuation of USD 172.44 billion in 2025 and USD 192.13 billion in 2026.
- Wealth Management Services: The U.S. wealth management market oversees approximately USD ~trillion in assets under management (exact figure redacted in source). The wealth management platform market size in the U.S. was estimated at USD 6.82 billion in 2026 and is projected to climb to USD 11.82 billion by 2031, reflecting an 11.63% CAGR. North America dominated the wealth management platform market in 2023, accounting for over 36% of the revenue share.
- Treasury Management Services: Treasury management services are projected to expand at a 6.58% CAGR through 2031 within the U.S. commercial banking market. The U.S. Treasury Management Software market size is projected at USD 1.54 billion in 2025. North America holds the largest share of the Treasury Management Market, accounting for approximately 40% of the global market, with a market size of USD 5,105 million in 2024, expected to reach USD 14,870.41 million by 2032. Another report estimates the Treasury Management Market at USD 6.6 billion in 2025 and is expected to reach USD 16.31 billion in 2032.
- Merchant Processing Services: The U.S. payment processing solutions market was valued at USD 40 billion. It is expected to reach a projected revenue of USD 36,752.5 million by 2030, growing at a CAGR of 12.6% from 2024 to 2030. Another source states the payment processor market size reached USD 71.15 billion in 2026 and is forecast to grow to USD 122.08 billion by 2031. The payment processing solutions market in North America is expected to achieve a 36% share by 2035.
- Insurance Services: The U.S. commercial insurance market size reached USD 294.6 billion in 2024 and is expected to reach USD 489.1 billion by 2033. Other estimates place the U.S. commercial insurance market at USD 288.3 billion in 2025 and USD 271.93 billion in 2025, expected to reach USD 416.83 billion by 2035. The overall U.S. insurance market size was valued at USD 1.89 trillion in 2023 and is expected to reach USD 3.71 trillion by 2033.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Enterprise Financial Services (EFSC) over the next 2-3 years:
- Loan and Deposit Growth: Enterprise Financial Services aims for 6-8% balance sheet growth in 2026, which is expected to be fueled by increases in both its loan portfolio and deposit base. This growth is anticipated to come from both organic expansion and strategic acquisitions, as evidenced by the significant contributions from a branch acquisition in Q4 2025 that boosted loan and deposit figures. The company has demonstrated strong deposit-gathering capabilities, which are crucial for funding future loan growth.
- Net Interest Margin (NIM) Expansion and Disciplined Pricing: The company has shown an expanding net interest margin, reaching 4.26% in Q4 2025, up from 4.23% in the prior quarter. Management has emphasized "pricing discipline on both sides of the balance sheet" as a key driver for net interest income and margin expansion. Factors contributing to this include higher average loan and securities balances, as well as lower short-term interest rates impacting interest-bearing liabilities.
- Strategic Market Expansion and Acquisitions: Enterprise Financial Services is actively pursuing strategic expansion, particularly in higher-growth Western and Southwest markets. A recent branch acquisition in October 2025 significantly contributed to loan and deposit growth in Q4 2025, indicating a continued strategy of inorganic growth to expand its footprint and customer base. The company also plans to expand its presence in Arizona and Kansas.
- Diversification and Growth of Fee-Based Services: Beyond traditional lending, EFSC has diversified fee income streams. These include treasury management, international trade services, tax credit brokerage services, wealth management, and trust services. Commentary from past earnings calls highlights that services like SBA loan sales and bank-owned life insurance income are expected to continue supporting this revenue segment. Increasing contributions from these non-interest income sources will further diversify and boost overall revenue.
AI Analysis | Feedback
Share Repurchases
- Enterprise Financial Services Corp has returned over $93 million to common shareholders through share repurchases since January 2021.
- In May 2022, the company announced a new share repurchase program authorizing the buyback of up to 2,000,000 shares of common stock.
- In October 2025, the Board of Directors authorized a new share repurchase program of up to $200 million, effective October 27, 2025, with no expiration date.
Share Issuance
- In May 2025, Enterprise Financial Services Corp registered an additional 700,000 shares of common stock under its Amended and Restated 2018 Stock Incentive Plan, increasing the total authorized shares under the plan to 3,600,000.
Outbound Investments
- In 2025, the company acquired 12 branches from First Interstate Bank, which expanded its presence in Arizona and Kansas City. This acquisition brought approximately $609 million in deposits and $292 million in loans to Enterprise Financial Services Corp.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to EFSC.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 59.95 |
| Mkt Cap | 7.9 |
| Rev LTM | 2,220 |
| Op Inc LTM | - |
| FCF LTM | 798 |
| FCF 3Y Avg | 597 |
| CFO LTM | 839 |
| CFO 3Y Avg | 635 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.9% |
| Rev Chg 3Y Avg | 7.6% |
| Rev Chg Q | 14.5% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 38.8% |
| CFO/Rev 3Y Avg | 39.3% |
| FCF/Rev LTM | 36.2% |
| FCF/Rev 3Y Avg | 37.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.9 |
| P/S | 3.2 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 10.1 |
| P/CFO | 6.9 |
| Total Yield | 11.1% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 11.4% |
| D/E | 0.2 |
| Net D/E | -0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.3% |
| 3M Rtn | -4.8% |
| 6M Rtn | 11.3% |
| 12M Rtn | 19.1% |
| 3Y Rtn | 132.8% |
| 1M Excs Rtn | -7.5% |
| 3M Excs Rtn | -11.3% |
| 6M Excs Rtn | 2.5% |
| 12M Excs Rtn | -12.6% |
| 3Y Excs Rtn | 48.3% |
Price Behavior
Price Behavior
| Market Price | $59.09 | |
| Market Cap ($ Bil) | 2.2 | |
| First Trading Date | 07/15/2003 | |
| Distance from 52W High | -3.2% | |
| 50 Days | 200 Days | |
| DMA Price | $56.35 | $56.14 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 4.9% | 5.2% |
| 3M | 1YR | |
| Volatility | 24.6% | 24.5% |
| Downside Capture | 0.61 | 0.45 |
| Upside Capture | 97.09 | 77.47 |
| Correlation (SPY) | 44.0% | 45.0% |
EFSC Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.88 | 0.69 | 0.74 | 0.71 | 0.90 | 0.87 |
| Up Beta | 0.39 | 0.45 | 0.43 | 0.84 | 1.14 | 0.83 |
| Down Beta | -0.12 | 0.46 | 0.48 | 0.41 | 0.76 | 0.89 |
| Up Capture | 103% | 87% | 101% | 89% | 73% | 69% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 15 | 22 | 36 | 64 | 124 | 371 |
| Down Capture | 280% | 79% | 84% | 67% | 91% | 97% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 7 | 21 | 28 | 61 | 128 | 379 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFSC | |
|---|---|---|---|---|
| EFSC | 12.2% | 24.5% | 0.42 | - |
| Sector ETF (XLF) | 4.3% | 14.5% | 0.07 | 60.5% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 45.7% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | -5.7% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -17.3% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 37.8% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 24.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFSC | |
|---|---|---|---|---|
| EFSC | 5.7% | 28.9% | 0.21 | - |
| Sector ETF (XLF) | 8.7% | 18.6% | 0.35 | 65.3% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 47.7% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | -2.3% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | 6.9% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 45.4% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 17.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFSC | |
|---|---|---|---|---|
| EFSC | 9.9% | 33.0% | 0.37 | - |
| Sector ETF (XLF) | 12.4% | 22.2% | 0.52 | 72.7% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 54.7% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -7.2% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 17.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 50.4% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 0.2% | -0.0% | |
| 1/26/2026 | 2.0% | 5.0% | 5.4% |
| 10/27/2025 | -1.8% | -4.6% | 0.8% |
| 7/28/2025 | 0.4% | -3.8% | 8.3% |
| 4/28/2025 | -0.6% | 1.9% | 2.2% |
| 1/27/2025 | 4.3% | 2.3% | 0.7% |
| 10/21/2024 | 2.8% | 3.5% | 14.1% |
| 7/22/2024 | 12.4% | 10.6% | 4.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 17 |
| # Negative | 11 | 11 | 6 |
| Median Positive | 2.0% | 3.9% | 6.9% |
| Median Negative | -1.8% | -3.1% | -4.2% |
| Max Positive | 12.4% | 10.6% | 19.7% |
| Max Negative | -5.9% | -5.5% | -10.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Dividends | 0.34 | 3.0% | Higher New | Actual: 0.33 for Q1 2026 | |||
Prior: Q4 2025 Earnings Reported 1/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.33 | 3.1% | Raised | Actual: 0.32 for Q4 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Finn, Michael E | Direct | Buy | 8062025 | 54.11 | 1,500 | 81,165 | 162,330 | Form | |
| 2 | Lally, James Brian | CEO | Direct | Sell | 6272025 | 55.16 | 1,828 | 100,832 | 5,564,817 | Form |
| 3 | Lally, James Brian | CEO | Direct | Sell | 6262025 | 55.04 | 1,655 | 91,091 | 5,653,324 | Form |
| 4 | Finn, Michael E | Direct | Buy | 6092025 | 52.50 | 1,500 | 78,748 | 78,748 | Form | |
| 5 | Lally, James Brian | CEO | Direct | Sell | 5162025 | 55.01 | 400 | 22,004 | 5,741,284 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.