Enterprise Financial Services Corporation · NASDAQ:EFSC
Enterprise Financial Services — Investor Presentation (October 2025)
37 slides from Enterprise Financial Services's investor presentation, Oct 29, 2025
Slide 1: Investor Presentation October 2025
Investor Presentation October 2025 Exhibit 99.1
Slide 2: Forward-Looking Statements
2 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
Slide 3: EFSC's Unique Value Proposition
3 Empowered associates providing industry-leading service, supported by digital technology solutions Tenured and experienced management team Strong capital foundation and consistent history of delivering results Differentiated strategies delivering growth Focused commercial bank, diversified across
Slide 4: EFSC Overview
EFSC Overview Zo ISTRERISE
Slide 5: Differentiated Business Model
5 Differentiated Business Model Focused on privately owned businesses and business owners Commercial Deposits • Highly productive network of 42 branches with $233M2 average deposits per branch • Complete and easy-to-use cash management services Deposit Verticals • Community associations • Property m
Slide 6: Since 2013, Continually Optimizing Performance
6 Midwest-focused FDIC-assisted acquisitions Expanded deposit base Expanded footprint through four acquisitions Delivered performance improvements Tackled challenges, including COVID and bank liquidity crisis Aligned incentives Diversified across geographies and verticals Consistent growth Compoundi
Slide 7: Diversified Deposit Base
7 $13.6B Total Deposits Note: 3Q25 data Interest- Bearing Demand Accounts by Typeby Region Deposit Verticals 28% Southwest 15% Midwest 47% West 10% DDA 32% MMA & Savings 31% CD 13% Interest-Bearing Demand Accounts 24% Diversified Deposit Base
Slide 8: Balanced Loan Portfolio
8 CRE-IO 24% CRE-OO 20% C&I 43% Construction 7% Residential 3% Other 3% by Product Type $11.6B Total Loans by Region1 Specialty 37% Southwest 18% Midwest 28% West 17% Note: 3Q25 data 1Excludes "Other" loans Balanced Loan Portfolio
Slide 9: EFSC's Customer-Focused Culture
9 Aligned teams providing customer-focused solutions Vision: To be a company where our associates are proud to work, that delivers ease of navigation to our customers and value to our investors, while helping our communities flourish. Mission: Guiding people to a lifetime of financial success. EFSC’
Slide 10: Seasoned Executive Leadership Team
10 57, President & CEO, EFSC Enterprise Tenure: 21 years 46, SEVP, CFO & COO, EFSC Enterprise Tenure: 12 years 56, SEVP, Chief Credit Officer, Enterprise Bank & Trust Enterprise Tenure: 7 years 55, SEVP, Chief Banking Officer, Enterprise Bank & Trust Enterprise Tenure: 25 years 55, SEVP, Chief Admin
Slide 11: Delivering Efficiency & Top Quartile NIM
11 • Focus on process excellence, automation, and scale • Completed core system conversion in 2024 • Continuing technology investments • Focus on client experience enhancement • Relentless cost discipline • Top quartile1 performance (3Q25) Net Interest Margin 3.41% 4.20% 2021 3Q25 YTD Delivering Eff
Slide 12: Effective Risk Management as a Key Enabler
12 Approach • Strong credit process • Effective controls • High quality assets • Well positioned for different rate environments Managing risk • Diversification across asset classes, geography, and industry • Reducing agriculture exposure over time • Well managed CRE concentration Nonperforming Loan
Slide 13: Growth Strategy
Growth Strategy Zo ISTRERISE
Slide 14: Strategic Growth Pillars
14 Focused loan growth strategies High-quality talent additions through focused efforts Best-in-class technology Differentiated deposit verticals Well positioned in attractive markets1. 2. 3. 4. 5. Strategic Growth Pillars
Slide 15: Well-Positioned in Attractive Markets
15 Significant opportunities for growth and share gain in our markets Region Total Deposits ($B) Total Loans ($B) Market Profile Metro Midwest $6.4 $3.2 Stable St. Louis Kansas City Southwest $2.1 $2.0 Stable Albuquerque2 Growth Phoenix Dallas Las Vegas West $1.3 $1.9 Growth Los Angeles San Diego De
Slide 16: Branch acquisition transactions in Arizona and Kansas
16 ($ in thousands) % of Total CRE $ 216,569 72.8 % C&I 66,692 22.4 % Other 14,162 4.8 % Total Loans $ 297,423 100.0 % Strategic Rationale Loans Deposits 10 Branches $585M Total Deposits $223M Total Loans 32% Variable Rate Loans 33% NIB $56M Total Deposits $74M Total Loans 29% Variable Rate Loans •
Slide 17: Differentiated Deposit Verticals
17 22% 39% 39% Community Associations $1.5 billion in deposit accounts. Specifically designed to serve the needs of community associations Property Management $1.5 billion in deposits. Specializing in the compliance of Property Management Trust Accounts Legal Industry and Escrow Services $844 millio
Slide 18: Focused Loan Growth Strategies
18 Lending verticals provide a competitive advantage, risk-adjusted pricing, and fee income opportunities SBA Loans • $1.3B in loans outstanding in SBA 7(a) loans, including $922M guaranteed Life Insurance Premium Finance • $1.2B in loans outstanding related to high-net-worth estate planning Sponsor
Slide 19: Food Manufacturer Boosts Production and Sales with Enterprise
19 Food Manufacturer Boosts Production and Sales with Enterprise as Its Partner OPPORTUNITY Food manufacturer faced inflation and capacity challenges • Client needed a way to increase capacity and production efficiency to keep up with inflation and increased customer demand • Client was unsure of ho
Slide 20: High-Quality Talent Additions Through Focused Efforts
20 Additional talent delivering deposit and loan growth 11: Los Angeles 10: San Diego 5: Phoenix & Las Vegas Talent acquisitions between 2021 & 3Q25 4. High-Quality Talent Additions Through Focused Efforts 29 Producers Opportunistically Hired: Adds Density and Capability in Focus Geographies 3: Mid-
Slide 21: Best-In-Class Technology
21 Leading technology solutions support growth and deliver best-in-class client experience Client life cycle supported by a competitive digital product set 5. Best-In-Class Technology Scaling great work for greater impact PROTECTONBOARD Setting clients up for a smooth transition Leveraging existing
Slide 22: Financial Overview and Outlook
Financial Overview and Outlook
Slide 23: Our Focused Strategy is Generating Growth
231A Non-GAAP Measure, Refer to Appendix for Reconciliation Pre-Provision Net Revenue1 $ in Millions Pre-Provision Net Revenue ROAA1 $207 $259 $285 $255 $200 2021 2022 2023 2024 3Q25 YTD 1.80% 1.94% 2.06% 1.72% 1.68% 2021 2022 2023 2024 3Q25 YTD Our Focused Strategy is Generating Growth
Slide 24: Consistently Growing and Creating Value
24 Loan & Deposits Trends ($B) $2.6 $11.6 $2.8 $13.6 EFSC Loans EFSC Deposits 3Q15 3Q25 Balance sheet growth driving earnings growth 10-Year TBV CAGR510-Year TTM4 EPS CAGR5 110-Year CAGR from 3Q15 – 3Q25; 210.4% excluding acquisitions; 311.4% excluding acquisitions and brokered CDs 4TTM – Trailing T
Slide 25: Flexible Balance Sheet Positioned for Growth
25 $6.8B Available Liquidity 59% Adjustable Rate Loans2 12.0% CET1 Ratio1 85% Loans to Deposits Note: 3Q25 data; 111.2% adjusting for unrealized losses on securities. These are non-GAAP measures, refer to appendix for reconciliation 2$400 million of adjustable-rate loans have been hedged against dec
Slide 26: Low Cost, Highly Flexible Capital Strategy
26 High Capital Retention Rate • Strong earnings profile • Sustainable dividend profile Support Robust Asset Growth • Organic loan and deposit growth • High-quality M&A to enhance commercial franchise and geographic diversification Maintain High-Quality Capital Stack • Minimize WACC over time (prefe
Slide 27: M&A Track Record and Growth History
27 $5.3 $5.6 $7.3 $9.8 $13.5 $13.1 $14.5 $15.6 $17.0 $4.4 $6.1 $8.5 $11.3 $16.4 $0.9 $1.2 $1.3 $2.2 $0.6 Merger / Acquisition Contribution EFSC Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 Strategically enhanced geographic diversification and product lines through select M&A transactions Grow
Slide 28: Compelling Opportunities for Future Value Creation
28 Maximizing returns on investment Systems People Markets Deliver compounding tangible book value Consistent, reliable performance Continuously refining and improving Driving efficiency Optimizing processes Realizing system returns Grow balance sheet mid-single-digit % to high-single-digit % annual
Slide 29: Invest with EFSC
29 Empowered associates providing industry-leading service, supported by digital technology solutions Tenured and experienced management team Strong capital foundation and consistent history of delivering results Differentiated strategies delivering growth Focused commercial bank, diversified across
Slide 30: Enterprise Financial Services Corp
ENTERPRISE Financial Services Corp
Slide 31: Sustainability and community involvement
31 • Selected by the Community Development Financial Institutions Fund (CDFI Fund) of the U.S. Department of the Treasury to receive $353M of New Markets Tax Credits allocations since 2011 • In 2024, our portfolio included the financing of over $1.9B in small business, small farm and community devel
Slide 32: Non-GAAP financial measures
32 The Company’s accounting and reporting policies conform to generally accepted accounting principles in the United States (“GAAP”) and the prevailing practices in the banking industry. However, the Company provides other financial measures, such as tangible common equity, tangible common equity to
Slide 33: Tangible Common Equity to Tangible Assets Ratio
33 At (in thousands, except per share data) September 30, 2025 Stockholders' equity (GAAP) $ 1,982,332 Less preferred stock 71,988 Less goodwill 365,164 Less intangible assets 6,140 Tangible common equity (non-GAAP) $ 1,539,040 Total assets (GAAP) $ 16,400,430 Less goodwill 365,164 Less intangible a
Slide 34: CET1 Ratio Adjusted For Unrealized Loss
34 At (in thousands, except per share data) September 30, 2025 CET1 capital $ 1,607,365 Less unrealized loss on investment portfolio, after tax1 114,248 CET1 capital excluding unrealized loss on securities $ 1,493,117 Total risk-weighted assets $ 13,369,675 CET1 capital / risk-weighted assets (GAAP)
Slide 35: PPNR & PPNR ROAA
35 PPNR & PPNR ROAA Reconciliation of Non-GAAP Financial Measures Nine months ended Year ended ($ in thousands) September 30, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Net interest income $ 458,564 $ 568,096 $ 562,592 $ 473,903 $ 360,194 Noninterest income 85,736 6
Slide 36: Allowance Coverage Ratio Adjusted for Guaranteed Loans
36 Allowance Coverage Ratio Adjusted for Guaranteed Loans At ($ in thousands) September 30, 2025 Loans (GAAP) $ 11,583,109 Less guaranteed loans, net 922,168 Adjusted loans (non-GAAP) $ 10,660,941 Allowance for credit losses on loans (GAAP) $ 148,854 Allowance for credit losses on loans / total loan
Slide 37: Return on Average Tangible Common Equity (ROATCE)
37 Return on Average Tangible Common Equity (ROATCE) Nine months ended ($ in thousands) September 30, 2025 Average stockholder’s equity $ 1,911,531 Less average preferred stock 71,988 Less average goodwill 365,164 Less average intangible assets 7,248 Average tangible common equity $ 1,467,131 Net in
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