EFSC Q3 EPS $1.14 as Credit Costs Climb; Dividend Raised to $0.36
EFSC sits 18% above its 52-week low of $51.18.
Summary
EFSC posted Q3 EPS of $1.14 on $42.4M net income, but credit costs rose and tangible capital ratios fell on securities mark-to-market losses. The dividend was raised to $0.36 and $34.0M of stock was repurchased.
Key Events · Earnings and Guidance · EFSC
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Q3 EPS $1.14, Net Income $42.4M
Diluted EPS rose to $1.14 from $1.09 in the linked quarter; net interest income grew $5.9M to $174.6M with NIM steady at 4.30%.
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Credit Costs and NPAs Rise
Provision for credit losses increased to $18.1M from $14.2M, and nonperforming assets to total assets rose to 1.03% from 0.92%, driven by $18.0M of agricultural loans and CRE/C&I downgrades.
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Tangible Capital Ratio Falls to 8.13%
Higher AFS unrealized losses cut tangible common equity to tangible assets from 9.04% to 8.13% and tangible book value per share from $42.30 to $39.45; CET1 was 11.1%.
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Dividend Raised, $34.0M Buyback
Quarterly dividend increased $0.01 to $0.36, payable December 31, 2026; 525,767 shares repurchased at an average $64.74 during the quarter.
Analysis · EFSC · Finance
EFSC earned $42.4M, or $1.14 per diluted share, up from $1.09 in Q2, but the quality of that beat is thin: the provision for credit losses jumped to $18.1M from $14.2M and nonperforming assets rose to 1.03% of assets from 0.92%. The bigger balance-sheet story is capital — higher unrealized losses on the AFS securities portfolio pushed tangible common equity to tangible assets down to 8.13% from 9.04%, and tangible book value per share fell to $39.45 from $42.30. Management still raised the quarterly dividend a penny to $0.36 and bought back $34.0M of stock at an average $64.74, above today's $60.25 price, so the buyback has not cushioned the stock. Loan growth of $452.3M and deposit growth of $624.4M were solid, and NIM held at 4.30%.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1563 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EFSC was trading at $60.25 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $51.18 to $68.73. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.