Financial Data and Key Metrics Changes - The company reported earnings of $1.28 per diluted share for Q4 2024, a decrease from $1.32 in the linked quarter but an increase from $1.16 in Q4 2023 [5] - Adjusted return on assets was 1.31% and pre-provision return on assets was 1.80%, with net interest margin remaining above 4% [6][8] - The tangible common equity to tangible assets ratio was 9.05% at quarter-end, with an adjusted return on tangible common equity of 14.05% for Q4 [16] Business Line Data and Key Metrics Changes - Overall loan growth was around 3% for the year, with Q4 growth of $140 million or 5% annualized, driven by increases in general C&I, construction, and life insurance premium finance segments [28][30] - Life insurance premium finance grew $158 million or 16.5% for the year, while SBA loans increased by $25 million or 7.9% annualized in Q4 [30][31] - The sponsor finance business experienced a net reduction in the loan portfolio of roughly 10% due to slowed originations [32] Market Data and Key Metrics Changes - The Midwest region grew modestly to $3.2 billion in Q4, while the Southwestern markets saw strong growth of $104 million in Q4 and $218 million for the full year, a 13.9% increase [33][35] - California's loan balances slipped $85 million during the quarter, attributed to timing on larger line paydowns [36] - Deposits increased by $681 million in Q4 and $970 million or 8% year-over-year, primarily from core client deposits [37][38] Company Strategy and Development Direction - The company focuses on diversification across various markets and business lines, avoiding reliance on any single market for success [9] - The strategy includes a client-centric approach, emphasizing holistic solutions and relationship management [10] - The company plans to leverage market disruptions and continue talent acquisition to enhance growth and profitability [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid to high-single-digit balance sheet growth in 2025, supported by strong deposit growth and a quality deposit base [14][25] - The overall economic outlook for clients is positive, with expectations for sound C&I growth in 2025 [24][25] - Management remains cautious about loan demand but anticipates slight increases without compromising credit and pricing disciplines [12][21] Other Important Information - The company increased its dividend by $0.01 per share for Q1 2025 to $0.29 per share and repurchased $11 million in common stock during the quarter [17][68] - Non-performing loans to total loans and non-performing assets to total assets showed slight increases but remained at modest levels [18][61] Q&A Session Summary Question: Margin outlook and impact of rate cuts - Management indicated that the expectation for net interest margin around 4% includes a reset of the SBA portfolio and does not account for further rate cuts [75][79] Question: Non-interest-bearing deposits sustainability - Management noted that the increase in non-interest-bearing deposits is typically seasonal and may decrease in Q1, but they remain confident in the ability to grow deposits [89][90] Question: Credit quality and monitoring of specific loans - Management confirmed that credit quality remains strong, with net charge-offs at 16 basis points and non-performing assets at 30 basis points, indicating no significant early warning signs [92][93] Question: Loan growth outlook - Management expressed confidence in achieving mid-single-digit loan growth, supported by market opportunities and a selective approach to lending [100][101] Question: Capital management and regulatory ratios - Management targets CET1, Tier 1, and total capital ratios of 10%, 12%, and 14% respectively, and is currently managing capital levels prudently [110][112]

Enterprise Financial Services (EFSC) Q4 2024 Earnings Call January 28, 2025 11:00 AM ET Company Participants Jim Lally - President & Chief Executive OfficerScott Goodman - Senior EVPKeene Turner - Senior EVP & CFODavid Long - Managing DirectorDouglas Bauche - Chief Credit OfficerDamon Delmonte - Managing Director Conference Call Participants Jeff Rulis - MD & Senior Research AnalystAndrew Liesch - MD & Senior Research AnalystNone - Analyst Operator Hello, and welcome to Enterprise Financial Services Corp. 4 ...

Exhibit 99.2 Enterprise Financial Services Corp 2024 Fourth 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 $167 million in revenue for Q4 2024, marking a year-over-year increase of 0.5% and a surprise of +5.83% over the Zacks Consensus Estimate of $157.8 million [1] - The earnings per share (EPS) for the same period was $1.32, compared to $1.21 a year ago, resulting in an EPS surprise of +11.86% against the consensus estimate of $1.18 [1] Financial Performance Metrics - Efficiency Ratio stood at 59.6%, better than the three-analyst average estimate of 60.4% [4] - Net Interest Margin was reported at 4.1%, matching the average estimate based on three analysts [4] - Total nonperforming loans amounted to $42.69 million, exceeding the average estimate of $32.66 million from two analysts [4] - Average Balance of Total Interest Earning Assets was $14.32 billion, surpassing the two-analyst average estimate of $14.07 billion [4] - Net charge-offs to average loans were 0.3%, higher than the two-analyst average estimate of 0.2% [4] - Total Noninterest Income reached $20.63 million, exceeding the three-analyst average estimate of $17.72 million [4] - Net Interest Income was reported at $146.37 million, compared to the average estimate of $140.72 million from two analysts [4] - Deposit service charges were $4.73 million, slightly below the average estimate of $4.83 million from two analysts [4] - Tax credit income was $6.02 million, significantly higher than the average estimate of $3 million from two analysts [4] - Net interest income (FTE) was $148.64 million, compared to the average estimate of $143.56 million from two analysts [4] - Wealth management income was $2.72 million, slightly below the average estimate of $2.81 million from two analysts [4] Stock Performance - Shares of Enterprise Financial Services have returned +0.2% over the past month, while the Zacks S&P 500 composite has changed by +1.1% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Group 1 - Enterprise Financial Services (EFSC) reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $1.18 per share, and showing an increase from $1.21 per share a year ago, resulting in an earnings surprise of 11.86% [1] - The company posted revenues of $167 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.83%, and compared to year-ago revenues of $166.18 million [2] - Over the last four quarters, EFSC has surpassed consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Group 2 - The stock has added about 0.1% since the beginning of the year, while the S&P 500 has gained 3.7%, indicating underperformance relative to the market [3] - The current consensus EPS estimate for the coming quarter is $1.05 on revenues of $152.72 million, and for the current fiscal year, it is $4.56 on revenues of $628.94 million [7] - The Zacks Industry Rank for Banks - Midwest is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]

EXHIBIT 99.1 ENTERPRISE FINANCIAL REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS Fourth Quarter Results 2024 Results St. Louis, Mo. January 27, 2025 – Jim Lally, President and Chief Executive Officer of Enterprise Financial Services Corp (Nasdaq: EFSC) (the "Company" or "EFSC"), commented, "I am pleased that a continued focus on clients, associates, and our diversified business model has resulted in strong fourth quarter and full year 2024 financial results. These results, along with share repurchases an ...

Analysts on Wall Street project that Enterprise Financial Services (EFSC) will announce quarterly earnings of $1.18 per share in its forthcoming report, representing a decline of 2.5% year over year. Revenues are projected to reach $157.8 million, declining 5.1% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024. ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number 001-15373 ENTERPRISE FINANCIAL SERVICES CORP Incorporated in the State of Delaware I.R.S. Employer Identification # 43-1706259 ...

Enterprise Financial Services Corp (NASDAQ:EFSC) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Jim Lally - President & Chief Executive Officer Scott Goodman - President, Enterprise Bank & Trust Keene Turner - Chief Financial Officer & Chief Operating Officer Doug Bauche - Chief Credit Officer, Enterprise Bank & Trust Conference Call Participants Ryan Payne - D.A. Davidson Andrew Liesch - Piper Sandler Damon DelMonte - KBW Brian Martin - Janney Operator Hello, and welcome ...