# Enterprise Financial Services Corp (EFSC)

> Source: Nexqual · https://nexqual.com/EFSC · data as of 2026-10-23 14:15 UTC · cite as "Nexqual, Enterprise Financial Services Corp (EFSC), nexqual.com/EFSC" · informational, not investment advice.

**Price:** USD 61.36 (+0.57% today) · US market open, as of October 23, 2026 at 14:15 UTC; quotes may be delayed. Prev close 61.36 · day 61.01–61.99 · 52w 51.18–68.73 · market cap null · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $768M, net income $190M (24.8% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $76K; 1 not under a Rule 10b5-1 plan ($76K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (7 analysts), mean target USD 71 (range 68–74).
- Total return with dividends: 1Y +15.4% vs S&P 500 +14.4%; 5Y +45.5% vs S&P 500 +77.0%.
- Next earnings: 2026-10-21, EPS estimate USD 1.48, revenue estimate $199M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $428M | $533M | $631M | $638M | $740M | $768M |
| Net income | $133M | $203M | $194M | $185M | $201M | $190M |
| EPS (diluted) | $3.86 | $5.31 | $5.07 | $4.83 | $5.31 | — |
| Free cash flow | $158M | $215M | $262M | $240M | $182M | $211M |
| Net margin | 31.1% | 38.1% | 30.7% | 29.0% | 27.2% | 24.8% |
| Revenue growth | +31.9% | +24.6% | +18.4% | +1.0% | +16.0% | — |
| Cash + short-term investments | $2.02B | $291M | $433M | $764M | $682M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 10.0x, Dec 2024 11.4x, Dec 2023 8.6x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-28 | Ponder Mark G | SEVP, Chief Admin. Officer | 1,250 | $76K | 5% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 7 analysts; mean target USD 71 (low 68, high 74).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-24 | StoneX | Initiated | Buy | $70 |
| 2026-09-18 | Stephens & Co. | Initiated | Equal-Weight | $70 |
| 2026-07-27 | Piper Sandler | Target raised | Neutral | $67 → $68 |
| 2026-07-24 | Keefe, Bruyette & Woods | Target raised | Outperform | $70 → $72 |
| 2026-07-01 | Raymond James | Target raised | Outperform | $65 → $72 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +15.4% | +45.5% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +15.4% | +7.8% |
| Volatility (annualized) | 21.9% | 26.3% |
| Max drawdown | -14.0% (Jul 2026→Oct 2026) | -36.8% (Jan 2023→Oct 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.89 -1.65% · FITB (Fifth Third Bancorp) USD 52.66 -1.08% · DB (Deutsche Bank AG) USD 30.9 -1.84% · TFC (Truist Financial Corporation) USD 47.97 -0.93% · NWG (NatWest Group plc) USD 16.64 -2.06% · NU (Nu Holdings Ltd.) USD 14.64 -0.62%

## More
Full page: https://nexqual.com/EFSC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-10-21)

- "Noninterest income for the prior year quarter also included $32.1 million of anticipated insurance proceeds from a pending claim related to a recapture event with respect to a $24.1 million solar tax credit that the Company purchased and applied to prior taxable periods."
- "Excluding the anticipated insurance proceeds from the pending claim related to the tax credit recapture event included in the prior year quarter, noninterest income decreased $3.3 million from the prior year quarter."
- "Compared to the prior year quarter, the decrease was primarily driven by the $32.1 million in accrued insurance proceeds that are anticipated to be received as a result of the recaptured tax credits recognized in the prior year quarter that did not reoccur."
- "Included in tax expense during the prior year quarter is $24.1 million in transferrable tax credits that were recaptured as discussed above and approximately $8.0 million of incremental tax liability attributable to the anticipated insurance proceeds from the insured recaptured credits."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.48 | $1.48 | +0.0% | $199.0M | 7 |
| Next quarter (ends 2027-03-31) | $1.37 | $1.38 | -0.4% | $196.6M | 7 |
| Current fiscal year (ends 2026-12-31) | $5.13 | $5.37 | -4.5% | $761.3M | 5 |
| Next fiscal year (ends 2027-12-31) | $5.93 | $5.90 | +0.6% | $814.1M | 7 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 28.0% | ±9.0% |
| 2027-03-19 | 147 | 24.3% | ±12.3% |
| 2027-06-17 | 237 | 24.1% | ±15.3% |