Enterprise Financial Services Raises Quarterly Dividend to $0.34 Per Share
Enterprise Financial Services Corp (Nasdaq: EFSC), a St. Louis-based commercial bank, increased its quarterly dividend by 3% to $0.34 per common share, up from $0.33 in the previous quarter.
Enterprise Financial Services Corp (Nasdaq: EFSC), a St. Louis-based commercial bank, declared a quarterly cash dividend of $0.34 per common share, representing a $0.01 increase from the prior quarter's $0.33 payment. The 3% increase marks the company's second quarter 2026 dividend. Read more dividend announcements.
The board also approved a $12.50 per share cash dividend for the company's Series A Preferred Stock, equivalent to $0.3125 per depositary share. This represents a 5% annual rate for the period from March 15, 2026 through June 14, 2026.
| Security Type | Amount Per Share | Record Date | Payment Date |
|---|---|---|---|
| Common Stock | $0.34 | June 15, 2026 | June 30, 2026 |
| Series A Preferred Stock | $12.50 ($0.3125 per depositary share) | May 29, 2026 | June 15, 2026 |
First Quarter Performance
The dividend increase comes as Enterprise Financial reported first quarter 2026 net income of $49.4 million, or $1.30 per diluted common share, compared to $1.45 in the fourth quarter 2025 and $1.31 in the first quarter 2025. Return on average assets was 1.16% for the quarter, down from 1.27% in the linked quarter and 1.30% in the prior year period.
Net interest margin expanded two basis points to 4.28% during the quarter, while net interest income declined $2.0 million to $166.1 million. Total loans decreased $107.6 million to $11.7 billion, and deposits fell $84.9 million to $14.5 billion.
The company returned $27.3 million to stockholders through the repurchase of 483,000 shares and distributed $12.2 million in common stock dividends during the first quarter. Tangible book value per common share stood at $41.38, flat compared to the previous quarter and up 7% from the prior year quarter.
Enterprise Bank & Trust maintained its well-capitalized status with a common equity tier 1 ratio of 12.1% and a total risk-based capital ratio of 13.2% at March 31, 2026. The tangible common equity to tangible assets ratio was 9.01%, down six basis points from the prior quarter.