Enterprise Financial Services (EFSC) investor relations material

Executive summary

• Net income was $42.4 million, or $1.14 diluted EPS; adjusted diluted EPS was $1.17. Loan and deposit growth lifted net interest income, while credit provision rose QoQ and YoY.

• Loans increased $452.3 million QoQ to $12.3 billion; deposits grew $624.4 million to $15.1 billion.

Financial highlights

• Net interest income was $174.6 million, up $5.9 million QoQ; NIM was 4.30%, and PPNR rose $6.4 million to $74.6 million.

• Noninterest income was $13.2 million, down $0.3 million QoQ; management cited ~$7 million of negative Q3 non-core effects, mostly tax-credit related.

• Noninterest expense was $114.7 million, down $1.1 million QoQ; the core efficiency ratio improved to 58.9% from 61.1%.

• Nine-month net income was $132.7 million versus $146.6 million YoY; diluted EPS was $3.54 versus $3.86.

Outlook and guidance

• Loan pipelines point to mid- to high-single-digit growth for the rest of 2026, moderating to mid-single-digit growth in early 2027.

• Q4 NIM is expected in the mid-4.30% range, with NII and margin expected to trend higher over coming quarters.

• Deposit balances are expected to show normal seasonal growth; Q4 deposit-related ECR expense is expected to rise $1.5 million-$2 million sequentially.

• Management expects criticized/classified loans to move toward 4.5%-5% from 6.3%; Laguna portfolio monetization is anticipated to begin in Q1 2027, subject to court timing.

• 2026 priorities include organic growth, disciplined pricing and underwriting, credit monitoring, and reducing criticized/classified loans and NPAs.