Enterprise Financial Services Q2 FY26 net income drops 17% to $40.9 million

Reuters2026/07/22 20:10

By:Reuters

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Enterprise Financial Services posted Q2 2026 net income of $40.93 million, down 17.09% from the prior quarter; diluted EPS fell to $1.09 from $1.30.
Net interest income rose to $168.72 million, up $2.57 million from the prior quarter; net interest margin widened 0.02 percentage points to 4.30%.
Noninterest income dropped to $13.48 million from $19.09 million, driven by a $2.15 million net loss on sales of investment securities.
Provision for credit losses climbed to $14.21 million from $7.24 million, reflecting $13.56 million of net charge-offs tied mainly to two commercial credits.
Issued $175 million of 6.25% fixed-to-floating rate subordinated notes due 2036; sold about $179 million of securities to lift reinvestment yield to 5.20%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enterprise Financial Services Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260722486360) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Enterprise Financial Services Q2 FY26 net income drops 17% to $40.9 million

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