ENTERPRISE FINANCIAL SERVICES CORP (EFSC) FY2025 10-K Annual Report
ENTERPRISE FINANCIAL SERVICES CORP (EFSC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
ENTERPRISE FINANCIAL SERVICES CORP FY2025 10-K Analysis
Business Overview
- • Core business model: Regional banking and financial services provider
- • No new products, services, or segments introduced or emphasized in 2026 filing
- • Continued share repurchase program authorized in May 2022 with 67,000 shares repurchased at $52.64 average price in November 2025
- • Stockholder return $172.97 in 2025 vs $100.00 in 2020, outperforming S&P Regional Banks Index at $146.25 but lagging Nasdaq Composite at $221.45
- • No sales of unregistered securities reported during 2026 fiscal year
Management Discussion & Analysis
- • Revenue $1.001B total (interest $888M + noninterest $113M), net interest income $627M up $59M or 10.4% YoY from $568M in 2024
- • Operating margin (efficiency ratio) 58.1% vs 60.4%, net interest margin increased slightly to 4.21% from 4.16% in 2024
- • Best segment: net interest income grew by $58.6M due to loan and securities balance increases; worst: noninterest expense rose 12% (+$44.8M) from $385M to $429.8M, driven by compensation and deposit costs
- • Cash: repurchased 258,739 shares at $54.60 avg; dividends $1.22/share up 15%; redeemed $63.3M subordinated debt, issued $63.3M senior note; acquired 12 branches with $609M deposits and $292M loans
- • Outlook/risk: Federal Reserve rate cuts lower funding costs; solar tax credits $24.1M recaptured but insured for recovery; earnings driven by asset growth and margin management with ongoing expense pressures
Risk Factors
- • Cybersecurity risk overseen by CISO and Disclosure Committee for timely SEC-compliant incident disclosure
- • Annual third-party penetration audits and frequent internal security tests to mitigate information security vulnerabilities
- • Monthly phishing tests for all associates to reduce risk of unauthorized access and data breaches
- • Board reviews IS program effectiveness annually to ensure robust data privacy and security controls
ENTERPRISE FINANCIAL SERVICES CORP FY2025 Key Financial MetricsXBRL
Revenue
$888M
▲ +4.4% YoY
Net Income
$201M
▲ +8.7% YoY
Net Margin
22.7%
▲ +90bp YoY
ROE
9.9%
▼ -28bp YoY
Total Assets
$17.3B
▲ +10.9% YoY
EPS (Diluted)
$5.31
▲ +9.9% YoY
Operating Cash Flow
$194M
▼ -21.8% YoY
Source: XBRL data from ENTERPRISE FINANCIAL SERVICES CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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