Financial Data and Key Metrics Changes - The company reported earnings per share of $1.31 for Q1 2025, an increase from $1.28 in the previous quarter and $1.05 in Q1 2024 [4][10] - Adjusted return on assets was 1.29% and pre-provision ROAA was 1.71% [4] - Net interest income (NII) reached $1.1 billion, marking the fourth consecutive quarter of NII expansion [4][5] - The net interest margin improved to 4.15% at the end of Q1 2025 [13][19] Business Line Data and Key Metrics Changes - Loan growth for the quarter was 3%, amounting to $78 million, with active production across all markets [5] - The company experienced a seasonal decline in loans related to tax credits, totaling approximately $75 million [5] - Non-interest income for Q1 was $18 million, which included a $1.9 million gain on the sale of SBA loans [16] Market Data and Key Metrics Changes - The Southern California market saw strong loan growth of $60 million, or 13% annualized [7] - National deposit verticals grew by $134 million, approximately 16% annualized in Q1 [8] Company Strategy and Development Direction - The company announced the acquisition of 12 branches from First Interstate Bank, enhancing its commercial banking presence in Arizona [3][19] - The management emphasized a disciplined capital allocation strategy, focusing on share repurchases and M&A opportunities [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong financial performance despite potential margin erosion due to interest rate variability [14] - The company anticipates modest loan growth in 2025, focusing on balance sheet growth amid economic uncertainty [40] Other Important Information - The allowance for credit losses was adjusted to 1.27% of total loans, reflecting potential economic conditions [16] - The company repurchased 192,000 shares at an average price of $55.28, returning approximately $11 million to shareholders [18] Q&A Session Summary Question: Terms of the branch deal and purchase price - The acquisition involves assuming approximately $450 million in cash, with expectations of slightly improved margins post-deal [29] Question: Pro forma capital levels post-close and impact on buyback - Pro forma capital is expected to meet targets, allowing for continued share repurchases and M&A activity [31][32] Question: Industry exposures from the loans brought over - The company confirmed no dairy exposure in the transaction, focusing on attractive loan opportunities [35] Question: Timing for exiting non-performing loans - Management indicated that while timing is uncertain, they are confident in the ability to collect on secured loans [54] Question: Outlook on net interest income and margin - Management expects net interest income to remain stable despite potential margin declines, with proactive measures in place [44][52] Question: Quarterly cadence for expenses - The company anticipates stable deposit costs and a gradual increase in expenses aligned with seasonal trends [47] Question: Efficiency ratio of branch operations - The efficiency ratio for the acquired branches is expected to be in the range of 52% to 54% [49]

Financial Data and Key Metrics Changes - The company reported earnings of $1.31 per diluted share, an increase from $1.28 in the previous quarter and $1.05 in Q1 2024, resulting in an adjusted return on assets of 1.29% and a pre-provision ROAA of 1.71% [5][10] - Net interest income (NII) reached $1,100,000, marking the fourth consecutive quarter of NII expansion despite two fewer days in the quarter [5][6] - The net interest margin improved to 4.15%, with expectations of slightly stronger performance for 2025, although modest erosion of margin is anticipated throughout the year [14][15] Business Line Data and Key Metrics Changes - Loan growth for the quarter was 3% or $78,000,000, with active production across all markets, although net growth was impacted by a $30,000,000 sale of SBA loans and a seasonal decline in tax credit loans totaling approximately $75,000,000 [6][10] - Non-interest income for Q1 was $18,000,000, including a $1,900,000 gain on the sale of SBA loans, which partially offset a decrease in tax credit income [17] Market Data and Key Metrics Changes - The Western market of Southern California experienced a strong quarter with $60,000,000 or 13% annualized loan growth, driven by refinancing loans for fully occupied medical and mixed-use properties [8][9] - Total client deposits, excluding brokered funds, increased by 7.7% year-over-year, with national deposit verticals growing by $134,000,000 or roughly 16% annualized in Q1 [9] Company Strategy and Development Direction - The company announced the acquisition of 12 branches from First Interstate Bank, enhancing its commercial banking presence, particularly in Arizona [4][20] - The management emphasized a disciplined capital allocation strategy, focusing on share repurchases and M&A opportunities to create shareholder value [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong financial performance despite economic uncertainties, with a focus on balance sheet growth and attracting new relationships [39] - The company anticipates modest erosion of net interest margin due to recent interest rate variability but remains committed to mitigating this through disciplined pricing [15][45] Other Important Information - The company’s tangible common equity ratio increased to 9.3%, and tangible book value rose by 14% on an annualized basis to $38.54 [20] - A succession plan was announced, with Scott Goodman transitioning to a part-time role, and Doug Bauche promoted to Chief Banking Officer [22][23] Q&A Session Summary Question: Terms of the branch deal and purchase price - The acquisition involves assuming approximately $450,000,000 in cash, with expectations of a similar to slightly improved margin post-deal [29] Question: Pro forma capital levels post-close and impact on buyback - Pro forma capital is expected to meet targets, allowing for continued share repurchases alongside the transaction [31][32] Question: Industry exposures from the loans brought over - The company confirmed no dairy exposure was included in the transaction [34] Question: Organic loan growth outlook for 2025 - Management anticipates mid-single-digit growth, with potential for increased activity in the second half of the year [39] Question: Margin outlook and ability to defend current levels - The company expects a slight sequential decline in margin but remains optimistic about net interest income growth [44][45] Question: Timing for resolution of non-performing loans - Management indicated that while timing is uncertain, they are confident in the ability to collect on the loans due to strong collateral [56][58] Question: Expense cadence and impact from the branch deal - The efficiency ratio for the branch operations is expected to be in the 52% to 54% range, with minimal recurring fees anticipated [49][74]

Exhibit 99.2 Enterprise Financial Services Corp 2025 First Quarter Earnings Webcast Forward-Looking Statements Some of the information in this report may contain "forward-looking statements" within the meaning of and intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include projections based on management's current expectations and beliefs concerning future developments and their potential effects on the Company ...

Core Insights - Enterprise Financial Services (EFSC) reported a revenue of $166 million for the quarter ended March 2025, reflecting a year-over-year increase of 10.8% [1] - The earnings per share (EPS) for the quarter was $1.31, up from $1.07 in the same quarter last year, surpassing the consensus EPS estimate of $1.17 by 11.97% [1] - The reported revenue exceeded the Zacks Consensus Estimate of $160.06 million, resulting in a revenue surprise of 3.71% [1] Financial Performance Metrics - Efficiency Ratio stood at 60.1%, better than the average estimate of 61.1% from three analysts [4] - Net Interest Margin was reported at 4.2%, slightly above the average estimate of 4.1% from three analysts [4] - Total nonperforming loans amounted to $109.88 million, significantly higher than the average estimate of $44.79 million from two analysts [4] - Average Balance of Total Interest Earning Assets was $14.65 billion, exceeding the average estimate of $14.57 billion from two analysts [4] - Net charge-offs to average loans were reported at 0%, better than the average estimate of 0.2% from two analysts [4] - Total Noninterest Income reached $18.48 million, surpassing the average estimate of $16.04 million from three analysts [4] - Net Interest Income was reported at $147.52 million, above the average estimate of $144 million from two analysts [4] - Deposit service charges totaled $4.42 million, slightly higher than the average estimate of $4.37 million from two analysts [4] - Tax credit income was $2.61 million, exceeding the average estimate of $1.75 million from two analysts [4] - Net interest income (FTE) was reported at $149.99 million, compared to the average estimate of $146.43 million from two analysts [4] - Wealth management income was $2.66 million, below the average estimate of $2.87 million from two analysts [4] Stock Performance - Shares of Enterprise Financial Services have returned -4.7% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1: Earnings Performance - Enterprise Financial Services (EFSC) reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, and up from $1.07 per share a year ago, representing an earnings surprise of 11.97% [1] - The company posted revenues of $166 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.71%, compared to year-ago revenues of $149.89 million [2] - Over the last four quarters, EFSC has consistently surpassed consensus EPS estimates and revenue estimates [2] Group 2: Stock Performance and Outlook - EFSC shares have declined approximately 9% since the beginning of the year, while the S&P 500 has decreased by 6.1% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $1.18 on revenues of $161.76 million, and $4.93 on revenues of $656.19 million for the current fiscal year [7] - The Zacks Industry Rank for Banks - Midwest, which includes EFSC, is currently in the top 18% of over 250 Zacks industries, indicating a favorable industry outlook [8] Group 3: Future Earnings Estimates - The trend of estimate revisions for EFSC is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - The upcoming earnings call will be crucial for understanding management's commentary on future earnings expectations [3][4]

[First Quarter 2025 Financial Highlights](index=1&type=section&id=First%20Quarter%202025%20Financial%20Highlights) Enterprise Financial Services Corp (EFSC) reported strong Q1 2025 financial results, driven by expanded net interest income and margin, alongside strategic branch acquisitions and robust capital management [Overview](index=1&type=section&id=Overview) Enterprise Financial Services Corp (EFSC) reported a strong start to 2025, with net income of $50.0 million, or $1.31 per diluted share, driven by proactive balance sheet management leading to an expansion in both net interest income ($147.5 million) and net interest margin (4.15%), achieving a 1.30% ROAA and a 14.02% ROATCE - The President and CEO highlighted a positive start to 2025, attributing the success to proactive management of the balance sheet and deposit costs, which led to expanded net interest income and NIM, with a key strategic move being the announced acquisition of 12 branches from First Interstate Bank to accelerate growth in Arizona and Kansas[1](index=1&type=chunk) Q1 2025 Key Performance Indicators | Metric | Q1 2025 | Change from Linked Qtr (Q4 2024) | Change from Prior Year Qtr (Q1 2024) | | :--- | :--- | :--- | :--- | | Net Income | $50.0 million | +$1.1 million | +$9.6 million | | Diluted EPS | $1.31 | +$0.03 | +$0.26 | | Net Interest Income | $147.5 million | +$1.1 million | +$9.8 million | | Net Interest Margin (NIM) | 4.15% | +2 bps | +2 bps | | Total Loans | $11.3 billion | +$78.4 million | +$270.3 million | | Total Deposits | $13.0 billion | -$112.3 million | +$780.5 million | | ROAA | 1.30% | +3 bps | +18 bps | | ROATCE | 14.02% | +39 bps | +171 bps | | Tangible Book Value/Share | $38.54 | +$1.27 | +$4.33 | - Pre-provision net revenue (PPNR) was **$66.1 million**, a decrease of **$3.4 million** from the linked quarter due to seasonally lower tax credit income and higher payroll-related expenses, but PPNR increased by **$8.7 million** year-over-year, driven by higher net interest income[4](index=4&type=chunk) [Key Business and Capital Activities](index=2&type=section&id=Key%20Business%20and%20Capital%20Activities) The company announced a significant branch acquisition agreement with First Interstate Bank to purchase 12 branches, strengthening its presence in Arizona and Kansas, while capital management activities included returning capital to shareholders through dividends and stock repurchases, with the quarterly dividend increased to $0.30 per share - EFSC signed a purchase and assumption agreement to acquire **10 branches in Arizona** and **two in Kansas** from First Interstate Bank, with the transaction expected to close by early Q4 2025, subject to regulatory approval[5](index=5&type=chunk) - The company returned **$21.3 million** to stockholders in Q1 2025, consisting of **$10.6 million** in common stock repurchases and **$10.7 million** in common dividends[3](index=3&type=chunk) - The Board of Directors increased the quarterly common stock dividend by **$0.01** to **$0.30 per share** for the second quarter of 2025[3](index=3&type=chunk)[6](index=6&type=chunk) - The company's capital position remains strong, with Enterprise Bank & Trust being "well-capitalized," and the tangible common equity to tangible assets ratio improved to **9.30%** at March 31, 2025, up from **9.05%** at December 31, 2024[6](index=6&type=chunk) [Detailed Financial Analysis](index=4&type=section&id=Detailed%20Financial%20Analysis) This section provides an in-depth analysis of key financial components, including net interest income, loan and deposit trends, asset quality, and capital position, highlighting drivers of performance and changes from prior periods [Net Interest Income and Net Interest Margin (NIM)](index=4&type=section&id=Net%20Interest%20Income%20and%20Net%20Interest%20Margin%20%28NIM%29) Net interest income rose to $147.5 million, and the tax-equivalent Net Interest Margin (NIM) expanded by 2 basis points to 4.15% compared to the linked quarter, driven by organic loan growth and a 17 basis point sequential decrease in the total cost of deposits to 1.83%, which more than offset a decline in asset yields caused by lower short-term interest rates Net Interest Income and Margin Performance | Metric | Q1 2025 | Q4 2024 | Q1 2024 | | :--- | :--- | :--- | :--- | | Net Interest Income | $147.5M | $146.4M | $137.7M | | Net Interest Margin (TE) | 4.15% | 4.13% | 4.13% | | Total Cost of Deposits | 1.83% | 2.00% | 2.13% | - The increase in NII from both linked and prior year quarters was attributed to organic loan growth, investments in the securities portfolio, and proactive management of deposit costs in response to a 100 basis point reduction in the federal funds target rate since September 2024[10](index=10&type=chunk) - Interest expense decreased by **$4.7 million** from the linked quarter, primarily due to a **19 basis point** decline in the average cost of interest-bearing deposits[12](index=12&type=chunk) [Investments](index=6&type=section&id=Investments) The investment securities portfolio grew by $233.1 million from the linked quarter to a total of $3.0 billion at March 31, 2025, with the tangible common equity to tangible assets ratio, when adjusted for unrealized losses on held-to-maturity securities, standing at 8.94%, an improvement from 8.71% in the previous quarter Investment Securities Portfolio (at March 31, 2025) | Category | Carrying Value | Amortized Cost | Net Unrealized Loss | | :--- | :--- | :--- | :--- | | Available-for-sale (AFS) | $1,862,270 | $1,990,068 | $(146,184) | | Held-to-maturity (HTM) | $928,935 | $1,034,282 | $(74,228) | | **Total** | **$2,791,205** | **$3,024,350** | **$(220,412)** | [Loans](index=7&type=section&id=Loans) Total loans reached $11.3 billion, marking a $78.4 million increase (3% annualized) from the previous quarter, with growth led by the C&I portfolio, where new loan production of $846.5 million outpaced repayment activity, and the portfolio's rate structure remained stable, with 61% of loans being variable rate Loan Portfolio Composition | Loan Category | Balance at Mar 31, 2025 | Balance at Dec 31, 2024 | | :--- | :--- | :--- | | C&I | $2,198.8M | $2,139.0M | | CRE investor owned | $2,487.4M | $2,405.4M | | CRE owner occupied | $1,292.2M | $1,305.0M | | SBA loans | $1,283.1M | $1,298.0M | | **Total Loans** | **$11,298.8M** | **$11,220.4M** | - Loan growth was driven by originations and advances of **$846.5 million**, which exceeded repayments of **$768.1 million**, with growth partially offset by **$31.3 million** in SBA loan sales[16](index=16&type=chunk) - The loan portfolio consists of **39% fixed-rate loans** and **61% variable-rate loans**, and after adjusting for interest rate hedges, variable-rate loans constitute **56%** of the total portfolio[16](index=16&type=chunk) [Asset Quality](index=8&type=section&id=Asset%20Quality) Asset quality metrics saw a significant increase in nonperforming assets (NPAs), which rose to $113.2 million or 0.72% of total assets, up from 0.30% in the linked quarter, primarily driven by seven well-secured commercial real estate loans to two related borrowing relationships in Southern California that filed for bankruptcy due to a partner dispute, yet the company reported net recoveries for the quarter and maintained an allowance for credit losses to total loans at 1.27% Asset Quality Ratios | Metric | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 | | :--- | :--- | :--- | :--- | | Nonperforming Assets | $113.2M | $46.6M | $44.1M | | Nonperforming Assets to Total Assets | 0.72% | 0.30% | 0.30% | | Allowance for Credit Losses to Total Loans | 1.27% | 1.23% | 1.23% | | Quarterly Net Charge-offs (Recoveries) | $(1.1M) | $7.1M | $5.9M | - The increase in NPAs is largely attributed to two borrowing relationships with a common general partner, involving seven loans totaling **$68.4 million**, where the entities filed for bankruptcy due to a business dispute[5](index=5&type=chunk)[17](index=17&type=chunk) - The company expects to collect the full balance of these nonperforming loans as they are well-secured by real estate with loan-to-value ratios ranging from **39% to 79%** and include substantial personal guarantees, consequently, no individual reserves were placed on these loans[17](index=17&type=chunk)[18](index=18&type=chunk) - The provision for credit losses was **$5.2 million** for the quarter, primarily related to changes in default assumptions, economic forecasts, and loan growth[18](index=18&type=chunk) [Deposits](index=9&type=section&id=Deposits) Total deposits decreased by $112.3 million to $13.0 billion at quarter-end, a change primarily attributed to a seasonal decline in noninterest-bearing commercial deposits used for tax and bonus payments, but despite the quarterly drop, deposits grew by $780.5 million year-over-year, with noninterest-bearing deposits constituting 33% of the total deposit portfolio Deposit Portfolio Composition | Deposit Type | Balance at Mar 31, 2025 | Balance at Dec 31, 2024 | | :--- | :--- | :--- | | Noninterest-bearing demand | $4,285.1M | $4,484.1M | | Interest-bearing demand | $3,193.9M | $3,175.3M | | Money market and savings | $4,167.4M | $4,117.5M | | Certificates of deposit | $1,387.9M | $1,369.6M | | **Total Deposits** | **$13,034.2M** | **$13,146.5M** | - The quarterly decrease was mainly in noninterest-bearing commercial deposits, which typically decline early in the year, and excluding brokered CDs, deposits decreased by **$169.8 million** from the linked quarter[19](index=19&type=chunk) - The loan-to-deposit ratio was **87%** at March 31, 2025[5](index=5&type=chunk) [Noninterest Income](index=9&type=section&id=Noninterest%20Income) Total noninterest income was $18.5 million, a $2.1 million decrease from the linked quarter but a $6.3 million increase year-over-year, with the sequential decline driven by a seasonal drop in tax credit income, partially offset by a $1.9 million gain on the sale of SBA loans, and the year-over-year increase primarily due to improved fair value on certain tax credits Noninterest Income Components | Component | Q1 2025 | Q4 2024 | Q1 2024 | | :--- | :--- | :--- | :--- | | Deposit service charges | $4.4M | $4.7M | $4.4M | | Wealth management revenue | $2.7M | $2.7M | $2.5M | | Tax credit income (loss) | $2.6M | $6.0M | $(2.2M) | | Other income | $6.4M | $4.7M | $5.0M | | **Total Noninterest Income** | **$18.5M** | **$20.6M** | **$12.2M** | - The decrease from the linked quarter was mainly due to a seasonal decline in tax credit income, which is typically highest in the fourth quarter[21](index=21&type=chunk) - Other income increased from both linked and prior year quarters, primarily driven by a **$1.9 million** gain on the sale of the guaranteed portion of SBA loans in Q1 2025[23](index=23&type=chunk) [Noninterest Expense](index=10&type=section&id=Noninterest%20Expense) Noninterest expense was $99.8 million, nearly flat compared to the linked quarter but up $6.3 million year-over-year, with the sequential stability due to a $2.0 million increase in employee compensation (from seasonal payroll tax resets and merit increases) being offset by a $1.9 million decline in core conversion costs following project completion in Q4 2024, resulting in a core efficiency ratio of 58.8% Noninterest Expense Components | Component | Q1 2025 | Q4 2024 | Q1 2024 | | :--- | :--- | :--- | :--- | | Employee compensation & benefits | $48.2M | $46.2M | $45.3M | | Deposit costs | $23.8M | $22.9M | $20.3M | | Core conversion expense | $0 | $1.9M | $0.4M | | Other expense | $23.3M | $24.2M | $22.7M | | **Total Noninterest Expense** | **$99.8M** | **$99.5M** | **$93.5M** | - Employee compensation increased by **$2.0 million** from the linked quarter due to the reset of payroll taxes, paid time-off accruals, and annual merit increases[25](index=25&type=chunk) - Core conversion expenses were eliminated in Q1 2025 following the completion of the core migration in Q4 2024[25](index=25&type=chunk) [Income Taxes](index=11&type=section&id=Income%20Taxes) The effective tax rate for the first quarter was 18.1%, a notable decrease from 19.5% in the linked quarter and 20.2% in the prior year quarter, attributed to the successful deployment of tax credit opportunities as part of the company's tax planning strategy - The effective tax rate was **18.1%** in Q1 2025, compared to **19.5%** in Q4 2024 and **20.2%** in Q1 2024[26](index=26&type=chunk) - The decrease in the effective tax rate was driven by tax credit opportunities utilized in the company's tax planning strategy[26](index=26&type=chunk) [Capital](index=11&type=section&id=Capital) Capital levels remained robust, with total equity increasing by $44.1 million to $1.9 billion, and all regulatory capital ratios exceeded "well-capitalized" benchmarks, with the Common Equity Tier 1 ratio at 11.8%, while tangible book value per common share increased to $38.54, and the company repurchased 191,739 shares during the quarter Key Capital Ratios | Ratio | Mar 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total risk-based capital | 14.7% | 14.6% | | Common equity tier 1 capital | 11.8% | 11.8% | | Tangible common equity to tangible assets | 9.30% | 9.05% | - Tangible book value per common share was **$38.54** at March 31, 2025, up from **$37.27** at December 31, 2024[28](index=28&type=chunk) - The company repurchased **191,739 shares** for **$55.28** in the first quarter and has **1,181,483 shares** remaining under its repurchase plan[28](index=28&type=chunk) [Consolidated Financial Statements and Reconciliations](index=15&type=section&id=Consolidated%20Financial%20Statements%20and%20Reconciliations) This section presents unaudited consolidated financial statements, including income statements, balance sheets, and detailed portfolio data, along with reconciliations of non-GAAP financial measures [Consolidated Financial Summary](index=15&type=section&id=Consolidated%20Financial%20Summary) This section provides a five-quarter unaudited summary of the company's key financial results, including earnings, performance ratios, per-share data, and key balance sheet metrics - The table presents a consolidated financial summary for the five quarters ending March 31, 2025, covering earnings, performance ratios (ROAA, ROATCE, etc.), and capital ratios[42](index=42&type=chunk) [Consolidated Income Statements](index=16&type=section&id=Consolidated%20Income%20Statements) This section contains the detailed unaudited consolidated income statements for the five quarters ending March 31, 2025, showing the components of net interest income, noninterest income, and noninterest expense - The table provides detailed line items for the consolidated income statements over the last five quarters, from interest income down to net income available to common stockholders[44](index=44&type=chunk) [Consolidated Balance Sheet](index=17&type=section&id=Consolidated%20Balance%20Sheet) This section presents the detailed unaudited consolidated balance sheets as of the end of the last five quarters, detailing assets, liabilities, and stockholders' equity - The table provides detailed line items for the consolidated balance sheet over the last five quarters, including assets like loans and investments, and liabilities like deposits and borrowings[46](index=46&type=chunk) [Portfolio Details and Average Balances](index=18&type=section&id=Portfolio%20Details%20and%20Average%20Balances) This section offers a more granular look at the loan and deposit portfolios by category for the last five quarters, and also includes average balances for key assets and liabilities, and the corresponding tax-equivalent yields - The tables provide a five-quarter breakdown of the loan portfolio (e.g., Commercial and industrial, Commercial real estate) and the deposit portfolio (e.g., Noninterest-bearing, Money market)[48](index=48&type=chunk) - Average balances and tax-equivalent yields for loans, securities, deposits, and other interest-bearing liabilities are presented for the last five quarters[48](index=48&type=chunk) [Asset Quality and Other Metrics](index=19&type=section&id=Asset%20Quality%20and%20Other%20Metrics) This section provides a five-quarter summary of key asset quality data, including net charge-offs, nonperforming loans, and allowance ratios, and also includes data on wealth management assets and per-share metrics - The tables detail asset quality trends over five quarters, including nonperforming loans to total loans and allowance for credit losses to nonperforming loans[50](index=50&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=20&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section provides detailed reconciliations for the non-GAAP financial measures used in the report, such as Core Efficiency Ratio, Tangible Common Equity, ROATCE, and PPNR, to their most directly comparable GAAP measures for the last five quarters - Provides a detailed reconciliation of the Core Efficiency Ratio by adjusting GAAP revenue and expenses for specific items like tax-equivalent adjustments and core conversion costs[52](index=52&type=chunk) - Reconciles stockholders' equity (GAAP) to tangible common equity (non-GAAP) by deducting preferred stock, goodwill, and intangible assets, which is then used to calculate tangible book value per share[52](index=52&type=chunk) - Shows the calculation of adjusted net income and its use in determining non-GAAP performance ratios like adjusted ROATCE and adjusted diluted EPS[53](index=53&type=chunk) [Other Information](index=12&type=section&id=Other%20Information) This section provides important supplementary information, including the rationale for using non-GAAP financial measures, details for the Q1 2025 earnings conference call, and a cautionary statement regarding forward-looking information [Use of Non-GAAP Financial Measures](index=12&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) The company explains its use of non-GAAP financial measures, such as PPNR, ROATCE, and tangible common equity ratios, as management believes these core performance measures provide supplemental information to evaluate operating performance by excluding certain non-comparable items - The company uses non-GAAP measures to provide supplemental information to investors for evaluating operating performance on an ongoing basis[30](index=30&type=chunk)[31](index=31&type=chunk) [Conference Call and Webcast Information](index=12&type=section&id=Conference%20Call%20and%20Webcast%20Information) The company will host a conference call and webcast on Tuesday, April 29, 2025, at 10:00 a.m. Central Time to review the first quarter 2025 results, with access details provided via the company's investor relations website and a toll-free number - A conference call to discuss Q1 2025 results is scheduled for April 29, 2025, at 10:00 a.m. Central Time[33](index=33&type=chunk) [Forward-Looking Statements](index=13&type=section&id=Forward-Looking%20Statements) This section contains the standard "safe harbor" disclosure, cautioning readers that the press release includes forward-looking statements based on current management expectations, which are subject to numerous risks and uncertainties, and actual results could differ materially from those anticipated - The report contains forward-looking statements regarding revenue, growth, and financial performance, which are subject to risks and uncertainties[36](index=36&type=chunk) - Key risk factors include the ability to integrate acquisitions, credit risk, interest rate changes, economic conditions, and regulatory changes[37](index=37&type=chunk)

Company Overview - Enterprise Financial Services (EFSC) is based in Clayton and operates in the Finance sector, with shares experiencing a price change of -18.09% this year [3] - The company currently pays a dividend of $0.29 per share, resulting in a dividend yield of 2.51%, which is lower than the Banks - Midwest industry's yield of 3.47% and the S&P 500's yield of 1.68% [3] Dividend Performance - EFSC's current annualized dividend of $1.16 has increased by 9.4% from the previous year [4] - Over the past 5 years, the company has raised its dividend 3 times year-over-year, achieving an average annual increase of 11.56% [4] - The current payout ratio for EFSC is 23%, indicating that the company paid out 23% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for EFSC's earnings per share for 2025 is $4.93, reflecting a year-over-year growth rate of 1.02% [5] Investment Considerations - EFSC is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is positioned as a strong dividend play, appealing to income investors despite the general trend of high-yielding stocks struggling during periods of rising interest rates [7]

Group 1: Company Overview - Enterprise Financial Services (EFSC) is a financial holding company headquartered in Clayton, with a year-to-date price change of -1.38% [3] - The company currently pays a dividend of $0.29 per share, resulting in a dividend yield of 2.09%, which is lower than the Banks - Midwest industry's yield of 3.24% and the S&P 500's yield of 1.56% [3] Group 2: Dividend Performance - EFSC's annualized dividend of $1.16 has increased by 9.4% from the previous year [4] - Over the last five years, the company has raised its dividend five times, achieving an average annual increase of 11.14% [4] - The current payout ratio for EFSC is 23%, indicating that the company pays out 23% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for EFSC's earnings is projected at $4.93 per share, reflecting a year-over-year growth rate of 1.02% [5] Group 4: Investment Considerations - EFSC is considered an attractive investment opportunity due to its dividend offerings and a strong Zacks Rank of 1 (Strong Buy) [7]

Group 1: Stock Highlights - Reddit, Inc. (RDDT) has a Zacks Rank 1 with a 73.1% increase in the consensus estimate for current year earnings over the last 60 days [1] - GBank Financial Holdings Inc. (GBFH) also holds a Zacks Rank 1, with a 7.1% increase in the consensus estimate for current year earnings over the last 60 days [2] - Enterprise Financial Services Corp (EFSC) maintains a Zacks Rank 1, with an 8.1% increase in the consensus estimate for current year earnings over the last 60 days [3] Group 2: Stock Performance - Reddit's shares have gained 87.8% over the last six months, significantly outperforming the S&P 500's advance of 0.2% [1] - GBank's shares increased by 2.4% over the last three months, while the S&P 500 declined by 4.5% [2] - Enterprise Financial's shares rose by 11% over the last six months, compared to the S&P 500's advance of 0.2% [3] Group 3: Momentum Scores - Reddit possesses a Momentum Score of A, indicating strong momentum characteristics [1] - GBank has a Momentum Score of B, reflecting moderate momentum [2] - Enterprise Financial also holds a Momentum Score of B, suggesting similar moderate momentum [3]

Group 1: Stocks Added to Zacks Rank 1 (Strong Buy) List - Tokio Marine (TKOMY) has seen a 17.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - PRA Group (PRAA) has experienced a 12.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Enterprise Financial Services (EFSC) has recorded a 9.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - National Fuel Gas Company (NFG) has seen a 7.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Urban Outfitters (URBN) has experienced a 7.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5]