Enterprise Financial Services Corp (EFSC) reported financial results for the third quarter of 2026, filing an -K with the SEC on October 21, 2026. The company reported net income of $42.4 million for the quarter, representing $1.14 per diluted common share. This figure was a slight decrease of $1.5 million compared to the linked quarter but was $2.8 million lower than the prior year quarter.
Key financial metrics for the quarter included a net interest margin of 4.30%, which remained stable with the linked quarter. Net interest income increased by $5.9 million to $174.6 million, driven by organic loan growth and an additional day in the period. Total loans reached $12.3 billion, an increase of $452.3 million from the linked quarter. Total deposits also grew, rising by $624.4 million to $15.1 billion.
Return on average assets (ROAA) was 0.95%, while return on average tangible common equity (ROATCE) was 10.74%. The company’s tangible book value per common share was reported at $39.45. Regarding capital, Enterprise Bank & Trust maintained a common equity tier 1 ratio of 11.8% and a total risk-based capital ratio of 12.8%.
In terms of capital returns, the company returned $46.5 million to stockholders during the quarter. This included the repurchase of 525,767 shares for $34.0 million and the payment of $12.5 million in common stock dividends. The Board of Directors approved a quarterly dividend of $0.36 per common share, payable on December 31, 2026, representing a $0.01 increase from the previous quarter. Additionally, a cash dividend of $12.50 per share of Series A Preferred Stock was declared.
Asset quality metrics showed the allowance for credit losses to total loans at 1.17%, while the ratio of nonperforming assets to total assets was 1.03%.
