Enterprise Financial Services Corporation · NASDAQ:EFSC
Enterprise Financial Services — Debt Investor Presentation (June 2026)
43 slides from Enterprise Financial Services's debt investor presentation, Jun 9, 2026
Slide 1: Investor Presentation Fixed Income June 2026
Investor Presentation Fixed Income June 2026 Exhibit 99.1
Slide 2: Disclaimer & Forward-Looking Statements
2 Disclaimer & Forward-Looking Statements Disclaimer This presentation contains summarized consolidated information concerning Enterprise Financial Services Corp (the “Company,” “Enterprise” or "EFSC") and the Company’s business, operations, financial performance and trends. No representation is mad
Slide 3: Today's Presenters
3 Today’s Presenters Jim Lally 58, President & CEO, EFSC Enterprise Tenure: 22 years Keene Turner 46, SEVP, CFO & COO, EFSC Enterprise Tenure: 12 years Doug Bauche 56, SEVP, Chief Banking Officer, Enterprise Bank & Trust Enterprise Tenure: 26 years
Slide 4: EFSC Overview
EFSC Overview
Slide 5: EFSC At-a-Glance: A High-Performance Commercial Franchise
5 Deposit and SBA loan production offices across the country $17.2B Total Assets $2.2B Market Cap As of 6/2/2026 1.16% ROAA 12.5% ROATCE1 33.2% Noninterest-bearing Deposits 81% Loans / Deposits 11.7% CET1 1.21% Allowance Coverage (1.32% Adj. for Guaranteed Loans)1 St. Louis Kansas City Phoenix New M
Slide 6: Since 2013, Continually Optimizing Performance
6 Midwest-focused FDIC-assisted acquisitions Expanded deposit base Expanded footprint through five acquisitions Delivered performance improvements Tackled challenges, including COVID and bank liquidity crisis Aligned incentives Diversified across geographies and verticals Consistent growth Compoundi
Slide 7: Disciplined Organic Growth Strategy Augmented by M&A
7 $ in Billions Disciplined Organic Growth Strategy Augmented by M&A Strategically enhanced geographic diversification and product lines through select M&A transactions Granular, low-cost deposit base in New Mexico and St. Louis (JC Bancshares and Trinity) National Deposit Vertical Platform and Nati
Slide 8: Strategic Growth Pillars
8 Strategic Growth Pillars Well positioned in attractive markets Differentiated deposit verticals Focused loan growth strategies High-quality talent additions through focused efforts Best-in-class technology ✓ Strong presence across major markets, balancing stable Midwest anchors (St. Louis, Kansas
Slide 9: Consistently Growing and Creating Value
9 Balance sheet growth driving earnings growth 10-Year TBV CAGR510-Year TTM4 EPS CAGR5 110-Year CAGR from 1Q16 – 1Q26; 29.7% excluding acquisitions; 312.5% excluding acquisitions and brokered CDs. 4TTM – Trailing Twelve Months; 51Q26 results for the KRX index available as of April 24, 2026. All figu
Slide 10: Key Credit Highlights
10 Focused commercial bank, diversified across verticals and geographic markets Key Credit Highlights Well-managed balance sheet with high-quality investment portfolio and significant liquidity Strong capital foundation and consistent history of delivering results Consistent, high profitability with
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights - 1Q26
12 Financial Highlights - 1Q26* *Comparisons noted below are to the linked quarter unless otherwise noted. **A Non-GAAP Measure, Refer to Appendix for Reconciliation. • Net Income $49.4 million, down $5.4 million; diluted EPS $1.30 • Net Interest Income $166.1 million, down $2.0 million; NIM 4.28% •
Slide 13: Our Focused Strategy Generates Consistency
131A Non-GAAP Measure, Refer to Appendix for Reconciliation. Pre-Provision Net Revenue1 $ in Millions Pre-Provision Net Revenue ROAA1 Our Focused Strategy Generates Consistency $259 $285 $255 $275 $285 2022 2023 2024 2025 1Q26 ann. 1.94% 2.06% 1.72% 1.70% 1.65% 2022 2023 2024 2025 1Q26
Slide 14: Profitability Driving Strong Capital Generation vs Peers
14 Note: 1Q26 data. Peers represent major exchange-traded banks with assets $10 billion - $20 billion; excludes FBP, LC, OFG, merger targets and banks with negative profitability or missing data. Peer data per S&P Capital IQ Pro. 1Non-GAAP measure, refer to appendix for reconciliation. 2Defined as R
Slide 15: Net Interest Margin Remains Stable
15 Net Interest Margin Remains Stable $150.0 $155.5 $161.3 $171.7 $169.5 4.15% 4.21% 4.23% 4.26% 4.28%4.33% 4.33% 4.30% 3.90% 3.64% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% $100.0 $120.0 $140.0 $160.0 $180.0 $200.0 $220.0 $240.0 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income - FTE Net Interest Margin Avera
Slide 16: Margin Stability Supported by Funding Base
16 Margin Stability Supported by Funding Base Components of Interest-bearing LiabilitiesComponents of Interest-earning Assets Margin Bridge
Slide 17: Fee Income Supports Profitability
17 Fee Income Supports Profitability $ In Millions Noninterest Income Other Noninterest Income Detail *Represents anticipated proceeds from a pending insurance claim related to a third quarter 2025 solar tax credit recapture event.
Slide 18: Expenses Remain Well-Controlled
18 Expenses Remain Well-Controlled Noninterest Expense $ In Millions *A Non-GAAP Measure, Refer to Appendix for Reconciliation. Other Noninterest Expense Detail
Slide 19: Diversified Deposit Base
19 Interest-Bearing Demand Accounts 23% DDA 33% CD 12% MMA & Savings 32% $14.5B Total Deposits Note: 1Q26 data. by Type by Region Diversified Deposit Base 1.52% Q1 Cost of Total Deposits 33.2% Noninterest-Bearing Deposits Community Associations $1.6B in deposit accounts. Specifically designed to ser
Slide 20: Balanced Loan Portfolio
20 CRE-IO 25% CRE-OO 21% C&I 44% Construction 6% Residential 3% Other 1% by Product Type by Region1 Note: 1Q26 data. 1Excludes "Consumer" loans. Balanced Loan Portfolio $11.7B Total Loans 63% Adjustable-Rate Loans 6.38% Q1 Yield on Loans $603M NDFI Exposure SBA Loans • $1.2B in loans outstanding in
Slide 21: Credit Trends
21 Credit Trends 1Q25 4Q25 1Q26 NPLs/Loans 0.97 % 0.70 % 0.56 % NPAs/Assets 0.72 % 0.95 % 0.87 % ACL/NPLs 130.1 % 169.1 % 218.8 % ACL/Loans** 1.38 % 1.29 % 1.32 % Annualized Net Charge-offs (Recoveries) to Average Loans $ In Millions bps bps bps bps bps $ In Millions Loan Growth and Average Line of
Slide 22: Effective Risk Management as a Key Enabler
22 Effective Risk Management as a Key Enabler 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 m
Slide 23: Allowance for Credit Losses for Loans
23 Allowance for Credit Losses for Loans $ In Millions • New loans and changes in composition of existing loans • Changes in risk ratings, past due status and reserves on individually evaluated loans • Changes in macroeconomic and qualitative factors $ In Millions 1Q26 Loans ACL ACL as a % of Loans
Slide 24: High Quality Investment Portfolio
24 High Quality Investment Portfolio Investment Portfolio Breakout AFS & HTM Securities TOTAL $3.8 billion • Effective duration of 5.0 years balances the short 3-year duration of the loan portfolio • Cash flows next 12 months of approximately $703.9 million • 4.13% tax-equivalent yield • Municipal b
Slide 25: Diverse Sources of Liquidity
25 Diverse Sources of Liquidity EFSC Borrowing Capacity$ In Billions End of Period and Average Loans to Deposits • $1.5 billion available FHLB capacity • $3.1 billion available FRB capacity • $135.0 million in eight federal funds lines • $2.2 billion in unpledged investment securities • $634.5 milli
Slide 26: Strong Capital Ratios
26 Strong Capital Ratios 3Q25 4Q25 1Q26 Tangible Common Equity / Tangible Assets1 9.6% 9.1% 9.0% Tier 1 Leverage 11.1% 10.5% 10.4% Tier 1 Common Equity 12.0% 11.6% 11.7% Tier 1 Risk-Based Capital 13.3% 12.8% 12.9% Total Risk-Based Capital 14.4% 13.9% 13.9% Bank CRE Concentration Ratio2 229% 234% 220
Slide 27: Appendix
Appendix ENTERPRISE Financial Services Corp
Slide 28: Double Leverage & Interest Coverage
28 Double Leverage & Interest Coverage Standalone EFSC (dollars in thousands) For the Twelve Months Ended 3Mos Ended 12/31/22 12/31/23 12/31/24 12/31/25 3/31/26 Double Leverage Total Investment In Subsidiaries $1,573,033 $1,762,426 $1,836,167 $2,023,537 $2,026,810 Consolidated Equity 1,522,263 1,716
Slide 29: Kroll Ratings
29 Kroll Ratings as of October 15th, 2025 Entity Type Rating Outlook Enterprise Financial Services Corp Senior Unsecured Debt BBB+ Stable Subordinated Debt BBB Stable Preferred Stock BBB- Stable Short-Term Debt K2 N/A Enterprise Bank & Trust Deposit A- Stable Senior Unsecured Debt A- Stable Subordin
Slide 30: Well-Positioned in Attractive Markets
30 Significant opportunities for growth and share gain in our markets Region Total Deposits ($B) Total Loans ($B) Market Profile Metro Midwest $6.6 $3.4 Stable St. Louis Kansas City Southwest $2.6 $2.3 Stable Albuquerque2 Growth Phoenix3 Dallas Las Vegas West $1.3 $1.9 Growth Los Angeles San Diego D
Slide 31: Deposit Details
31 Deposit Details $ In Millions 1Q26 4Q25* 1Q25 Qtr Change LTM Change Noninterest-bearing demand accounts $ 4,828 $ 4,874 $ 4,285 $ (46) $ 543 Interest-bearing demand accounts 3,396 3,537 3,194 (141) 202 Money market accounts 4,059 3,991 3,632 68 427 Savings accounts 551 538 535 13 16 Certificates
Slide 32: Loan Details
32 Loan Details 1Q26 4Q25** 1Q25 Qtr Change LTM Change C&I $ 2,655 $ 2,606 $ 2,199 $ 49 $ 456 CRE Investor Owned 2,763 2,786 2,487 (23) 276 CRE Owner Occupied 1,453 1,405 1,292 48 161 SBA loans* 1,231 1,262 1,283 (31) (52) Sponsor Finance* 662 695 784 (33) (122) Life Insurance Premium Financing* 1,2
Slide 33: Diversified & Granular Commercial Loan Portfolio
33 • Broadly diversified portfolio including $662M in loans to 100+ companies • Senior debt leverage of 1.6x; total leverage of 3.8x on average for the portfolio • Allowance coverage ratio of 4.00% Additional Loan Insights Diversified & Granular Commercial Loan Portfolio % Balance of Total NAICS Sec
Slide 34: Office CRE (Non-owner Occupied)
34 Office CRE (Non-owner Occupied) Total $578.0 million Office CRE Loans by Location Office CRE Loans by Industry Type Size Average Risk Rating Number of Loans Balance Average Balance > $10 Million 5.47 15 $ 219.2 $ 14.6 $5-10 Million 5.21 14 97.2 6.9 $2-5 Million 5.38 48 154.5 3.2 < $2 Million 5.33
Slide 35: Interest Rate Sensitivity
35 Interest Rate Sensitivity Projected Annual Percentage Change in Net Interest Income from Parallel Rate Shock1 (6.7%) (3.5%) 3.6% 7.0% -200 bps -100 bps +100 bps +200 bps 1The Company determines the sensitivity of its short-term future earnings to hypothetical parallel rate shocks through the use
Slide 36: Certain Updates Since March 31st
36 Certain Updates Since March 31st • Subsequent to quarter-end, the Company executed a small repositioning of its available-for-sale (AFS) securities portfolio to improve profitability • Approximately $179 million (book balance) of AFS securities yielding 3.13% (tax equivalent) were sold, with proc
Slide 37: Non-GAAP Financial Measures
37 The Company’s accounting and reporting policies conform to generally accepted accounting principles in the United States (“GAAP”) and the prevailing practices in the banking industry. However, the Company provides other financial measures, such as tangible common equity, tangible common equity to
Slide 38: PPNR & PPNR ROAA Reconciliation
38 PPNR & PPNR ROAA Reconciliation of Non-GAAP Financial Measures Year ended ($ in thousands) December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 Net interest income $ 626,738 $ 568,096 $ 562,592 $ 473,903 Noninterest income 113,123 69,703 68,725 59,162 FDIC special assessment (6
Slide 39: Reconciliation of Non-GAAP Financial Measures
39 Reconciliation of Non-GAAP Financial Measures At ($ in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 STOCKHOLDERS’ EQUITY TO TANGIBLE COMMON EQUITY, TOTAL ASSETS TO TANGIBLE ASSETS, TANGIBLE BOOK VALUE PER COMMON SHARE, AND TANGIBLE COMMON EQUITY TO T
Slide 40: Reconciliation of Non-GAAP Financial Measures
40 Reconciliation of Non-GAAP Financial Measures Quarter ended March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 ADJUSTED DILUTED EARNINGS PER SHARE Net income (GAAP) $ 49,362 $ 54,794 $ 45,235 $ 51,384 $ 49,961 FDIC special assessment (after tax) — (488) — — — Acquisi
Slide 41: Reconciliation of Non-GAAP Financial Measures
41 Reconciliation of Non-GAAP Financial Measures 1Represents anticipated proceeds from a pending insurance claim related to a third quarter 2025 solar tax credit recapture event. Quarter ended Last twelve months ended March 31, December 31, March 31, 2026 2025 2026 PRE-PROVISION NET REVENUE (PPNR) A
Slide 42: Reconciliation of Non-GAAP Financial Measures
42 Reconciliation of Non-GAAP Financial Measures 1Represents anticipated proceeds from a pending insurance claim related to a third quarter 2025 solar tax credit recapture event. At ($ in thousands) March 31, 2026 December 31, 2025 March 31, 2025 ALLOWANCE COVERAGE RATIO ADJUSTED FOR GUARANTEED LOAN
Slide 43: gv ENTERPRISE
gv ENTERPRISE a“ Financial Services Corp \
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