The sharp EPS miss and accelerating credit deterioration (NPA ratio at 1.03%, provision doubling) are the primary negatives. Monitor the Q4 2026 earnings call for updates on NPA resolution timelines and the trajectory of charge-offs. The stable NIM and strong loan/deposit growth provide a floor, but credit quality trends will dictate near-term price action.
Price Chart
Executive Summary
EFSC reported Q3 2026 GAAP diluted EPS of $1.14, a 20.8% miss vs the $1.44 consensus, with net income of $42.4M down 6.2% YoY. Net interest income grew 10.3% YoY to $174.6M and NIM held at 4.30%, but credit quality deteriorated sharply with the provision for credit losses more than doubling to $18.1M and nonperforming assets rising to 1.03% of total assets. Tangible book value per share fell 5.2% sequentially to $39.45 due to higher unrealized securities losses, and the TCE ratio dropped to 8.13% from 9.04%.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $1.14 missed consensus of $1.44 by 20.8%
- Net income of $42.4M declined 6.2% YoY from $45.2M
- Provision for credit losses surged to $18.1M, more than double the $8.4M in Q3 2025
- Nonperforming assets rose to $182.9M, or 1.03% of total assets, up from 0.83% a year ago
- Tangible book value per share fell to $39.45 from $42.30 in Q2 2026
- Tangible common equity to tangible assets ratio dropped to 8.13% from 9.04% in Q2 2026
- Net interest income grew 10.3% YoY to $174.6M; NIM stable at 4.30%
- Loans grew $452.3M sequentially to $12.3B; deposits grew $624.4M to $15.1B
- Quarterly dividend increased $0.01 to $0.36 per share
Financial Impact
EPS miss of 20.8% vs consensus; provision for credit losses more than doubled YoY to $18.1M; tangible book value declined 5.2% sequentially
Risk Factors
- Further credit deterioration with nonperforming assets rising to 1.03% of total assets
- Provision for credit losses more than doubled YoY to $18.1M, signaling worsening loan quality
- Tangible common equity ratio fell to 8.13% from 9.04% due to higher unrealized securities losses
- Net charge-offs remained elevated at $11.0M (36 bps annualized)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001025835-26-000185 |
| Document: q32026efscearningsreleas.htm | 0001025835-26-000185 |
| Document: efsc-20261021.htm | 0001025835-26-000185 |
| Document: 0001025835-26-000185-index-headers.html | 0001025835-26-000185 |
| Document: 0001025835-26-000185-index.html | 0001025835-26-000185 |
| Document: 0001025835-26-000185.txt | 0001025835-26-000185 |
| 8-K Data (Synthetic) | 0001025835-26-000185 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $61.01 $61.35 | ▼ −0.56% | ▼ −1.08% | $62.43 (−2.33%) |
Oct 8, 2026 19d ago | SC 13G/A | $59.33 $58.59 | ▼ −1.25% | ▼ −1.85% | $62.43 (+5.23%) |
Jul 27, 2026 13w ago | 8-K | $66.72 $66.19 | ▼ −0.79% | ▲ +0.74% | $62.43 (−6.43%) |
Jun 17, 2026 18w ago | 8-K | $62.11 $63.27 | ▲ +1.87% | ▲ +2.18% | $62.43 (+0.52%) |
Jun 12, 2026 19w ago | 424B5 | $64.19 $62.77 | ▼ −2.21% | ▼ −3.98% | $62.43 (−2.74%) |
US Market Status
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