Revenue: As of FY2026 Q2, the actual value is USD 182.19 M.

EPS: As of FY2026 Q2, the actual value is USD 1.09, missing the estimate of USD 1.33.

EBIT: As of FY2026 Q2, the actual value is USD 52.25 M.

Operational Metrics

Enterprise Financial Services Corp’s Board of Directors approved the repurchase of up to an additional 2,000,000 shares of common stock on July 20, 2026, which constitutes approximately 5% of its issued and outstanding common stock as of June 30, 2026. This authorization is in addition to the 249,400 shares still available under a previous plan initiated in May 2022.

Capital

Tangible Common Equity/Tangible Assets was 9.04% in 2Q26, an increase from 9.01% in 1Q26. Tangible Book Value Per Common Share increased to $42.30 in 2Q26 from $41.38 in 1Q26. The CET1 Ratio was 11.5% in 2Q26, a decrease from 11.7% in 1Q26. Enterprise Financial Services Corp issued $175.0 million of 6.25% fixed-to-floating rate subordinated notes due in 2036. A quarterly common stock dividend of $0.34 per share was declared in 2Q26, an increase of $0.01. A quarterly preferred stock dividend of $12.50 per share ($0.3125 per depositary share) was declared. $22.9 million was returned to stockholders through common stock repurchases.

Earnings

Net Income was $40.9 million in 2Q26, a decrease of $8.4 million compared to 1Q26. Net Interest Income was $168.7 million in 2Q26, an increase of $2.6 million compared to 1Q26. Net Interest Margin (NIM) was 4.30% in 2Q26. Pre-Provision Net Revenue (PPNR) was $68.2 million in 2Q26, a decrease of $2.2 million compared to 1Q26. Return on Average Assets (ROAA) was 0.95% in 2Q26, compared to 1.16% in 1Q26. PPNR Return on Average Assets (PPNR ROAA) was 1.58% in 2Q26, compared to 1.65% in 1Q26. Return on Average Tangible Common Equity (ROATCE) was 10.39% in 2Q26, compared to 12.53% in 1Q26.

Loans & Deposits

Total Loans reached $11.9 billion in 2Q26, an increase of $199.6 million compared to 1Q26. Loan categories included Commercial & Industrial (C&I) at $2,628 million, CRE Investor Owned at $2,903 million, CRE Owner Occupied at $1,422 million, SBA loans at $1,237 million, Sponsor Finance at $709 million, Life Insurance Premium Financing at $1,250 million, Tax Credits at $725 million, Residential Real Estate at $356 million, Construction and Land Development at $609 million, and Consumer loans at $53 million in 2Q26. The Loan/Deposit Ratio was 82.0% in 2Q26. Total Deposits were $14.5 billion in 2Q26, a decrease of $21.8 million compared to 1Q26. Deposit categories included Noninterest-bearing demand accounts at $4,910 million, Interest-bearing demand accounts at $3,407 million, Money market accounts at $3,945 million, Savings accounts at $538 million, Brokered Certificates of deposit at $736 million, and Customer Certificates of deposit at $967 million in 2Q26. Noninterest-bearing Deposits/Total Deposits was 34% in 2Q26.

Asset Quality

Nonperforming Loans/Loans increased to 0.64% in 2Q26 from 0.56% in 1Q26. Nonperforming Assets/Assets was 0.92% in 2Q26, compared to 0.87% in 1Q26. The Allowance Coverage Ratio (ACL/Loans) was 1.17% in 2Q26, or 1.27% adjusted for guaranteed loans. Net Charge-Offs were $13.6 million in 2Q26. Provision for Credit Losses was $14.2 million in 2Q26, an increase from $7.2 million in 1Q26.

Noninterest Income

Total Noninterest Income was $13.5 million in 2Q26, compared to $19.1 million in 1Q26. Wealth Management Revenue was $5.5 million in 2Q26, up from $5.3 million in 1Q26. Card Services Revenue was $2.5 million in 2Q26, consistent with 1Q26. Deposit Service Charges were $2.8 million in 2Q26, compared to $2.7 million in 1Q26. Net Loss on Sales of Investment Securities was - $2.1 million in 2Q26.

Noninterest Expense

Total Noninterest Expense was $115.7 million in 2Q26, compared to $115.1 million in 1Q26. Employee Compensation and Benefits were $53.1 million in 2Q26, down from $55.8 million in 1Q26. Occupancy costs were $5.9 million in 2Q26, consistent with 1Q26. Deposit Costs increased to $27.8 million in 2Q26 from $26.0 million in 1Q26. The Core Efficiency Ratio was 61.1% in 2Q26, compared to 60.2% in 1Q26.

Investment Portfolio

The Total Investment Portfolio was $3.8 billion, with an effective duration of 5.0 years. Anticipated Cash Flows for the next 12 months were approximately $645.8 million. The Tax-Equivalent Yield was 4.21%.

Liquidity and Borrowing Capacity

FHLB Borrowing Capacity was $1.2 billion available in 2Q26. FRB Borrowing Capacity was $3.0 billion available in 2Q26. Unpledged Investment Securities amounted to $2.3 billion in 2Q26. Cash held was $552.1 million.

Outlook / Guidance

Enterprise Financial Services Corp’s 2026 priorities focus on improving asset quality through reducing criticized and classified loans, alongside disciplined credit underwriting. The company also plans to enhance productivity by leveraging technology for automation and integrating manual processes. Additionally, Enterprise Financial Services Corp aims to achieve organic loan and deposit growth through disciplined pricing, expanding existing relationships, and new client acquisitions.