EFSC Q1 2026 Earnings Transcript

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Thu, April 23, 2026 astatine 12:10 PM CDT 28 min read

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Thursday, April 23, 2026 astatine 11:00 a.m. ET

• President and Chief Executive Officer — James Lally

• Chief Financial Officer and Chief Operating Officer — Keene Turner

• Chief Banking Officer, Enterprise Bank & Trust — Douglas Bauche

James Lally: Thank you each precise overmuch for joining america this morning, and invited to our 2026 archetypal 4th net call. Joining maine this greeting is Keene Turner, EFSC's Chief Financial Officer and Chief Operating Officer, and Doug Bauche, Chief Banking Officer of Enterprise Bank & Trust. Before we begin, I would similar to punctual everybody connected the telephone that a transcript of the merchandise and accompanying presumption tin beryllium recovered connected our website. The presumption and net merchandise were furnished connected SEC Form 8-K yesterday. Please notation to Slide 2 of the presumption titled Forward-Looking Statements and our astir caller 10-K for reasons wherefore existent results whitethorn alteration from immoderate forward-looking statements that we marque today.

Our fiscal scorecard begins connected Slide 3. The coagulated fiscal show that we've generated implicit the past respective years continued into the archetypal 4th of 2026. For the quarter, we earned $1.30 per diluted stock compared to a seasonally beardown $1.45 successful the linked 4th and $1.31 successful the archetypal 4th of 2025. This level of show produced a instrumentality connected assets of 1.16% and a pre-provision ROAA of 1.65%. I would qualify our show successful the 4th arsenic coagulated and connected plan. Net involvement income was comparatively unchangeable erstwhile compared to the linked 4th astatine $166 cardinal portion nett involvement borderline expanded 2 ground points to 4.28%.

This reflects some amended seasonal show successful our deposit balances and nett involvement borderline enlargement resulting from our relationship-oriented concern exemplary wherever our clients person value-added work from our teams and returned for a fewer other ground points erstwhile it comes to indebtedness and deposit pricing. Our well-positioned equilibrium expanse continues to beryllium the spot of our company, arsenic it provides large flexibility with respect to superior planning. Capital levels astatine 4th extremity remained unchangeable and strong, with full stockholders' equity astatine $2 cardinal and the tangible communal equity tangible assets ratio of 9%. At this level of TCE, we were capable to nutrient a instrumentality connected tangible communal equity of 12.53%.

Our beardown instrumentality illustration allowed our tangible publication worth per stock to stay level astatine $41.38 contempt the information that we utilized astir $27 cardinal of superior to repurchase 483,000 shares astatine an mean terms of $56.13. In summation to this, fixed the spot of our net and our assurance successful our continued execution, we accrued the dividend by $0.01 per stock for the 2nd 4th of 2026 to $0.34 per share. Turning to Slide 4, you volition spot that loans dipped somewhat successful the quarter.