Enterprise Financial Services Corporation · NASDAQ:EFSC
Enterprise Financial Services — Investor Presentation (January 2026)
37 slides from Enterprise Financial Services's investor presentation, Jan 29, 2026
Slide 1: Investor Presentation January 2026
Investor Presentation January 2026 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 54 branches with $200M2 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 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: Diversified Deposit Base
7 $14.6B Total Deposits Note: 4Q25 data Interest- Bearing Demand Accounts by Typeby Region Deposit Verticals 26% Southwest 18% Midwest 47% West 9% DDA 33% MMA & Savings 31% CD 12% Interest-Bearing Demand Accounts 24% Diversified Deposit Base
Slide 8: Balanced Loan Portfolio
8 CRE-IO 25% CRE-OO 21% C&I 44% Construction 6% Residential 3% Consumer 1% by Product Type $11.8B Total Loans by Region1 Specialty 36% Southwest 19% Midwest 29% West 16% Note: 4Q25 data 1Excludes "Consumer" loans Balanced Loan Portfolio
Slide 9: EFSC's Customer-Focused Culture
9 Aligned teams providing customer-focused solutions Vision: To be a company where our associates are proud to work, that delivers ease of navigation to our customers and value to our investors, while helping our communities flourish. Mission: Guiding people to a lifetime of financial success. EFSC’
Slide 10: Seasoned Executive Leadership Team
10 Jim Lally 58, President & CEO, EFSC Enterprise Tenure: 22 years Keene Turner 46, SEVP, CFO & COO, EFSC Enterprise Tenure: 12 years Kevin Handley 56, SEVP, Chief Credit Officer, Enterprise Bank & Trust Enterprise Tenure:7 years Doug Bauche 56, SEVP, Chief Banking Officer, Enterprise Bank & Trust E
Slide 11: Delivering Efficiency & Top Quartile NIM
11 • Focus on process excellence, automation, and scale: • Completed branch acquisition of 10 branches in Arizona and two branches in Kansas • Continuing technology investments • Focus on client experience enhancement • Relentless cost discipline • Top quartile1 performance (2025) Net Interest Margi
Slide 12: Effective Risk Management as a Key Enabler
12 Approach • Strong credit process • Effective controls • High quality assets • Well positioned for different rate environments Managing risk • Diversification across asset classes, geography, and industry • Reducing agriculture exposure over time • Well managed CRE concentration Nonperforming Loan
Slide 13: Growth Strategy
Growth Strategy Zo ISTRERISE
Slide 14: Strategic Growth Pillars
14 Focused loan growth strategies High-quality talent additions through focused efforts Best-in-class technology Differentiated deposit verticals Well positioned in attractive markets1. 2. 3. 4. 5. Strategic Growth Pillars
Slide 15: Well-Positioned in Attractive Markets
15 Significant opportunities for growth and share gain in our markets Region Total Deposits ($B) Total Loans ($B) Market Profile Metro Midwest $6.9 $3.4 Stable St. Louis Kansas City Southwest $2.6 $2.2 Stable Albuquerque2 Growth Phoenix3 Dallas Las Vegas West $1.3 $1.9 Growth Los Angeles San Diego D
Slide 16: Branch acquisition in Arizona and Kansas
16 ($ in thousands) % of Total CRE $ 201,882 69.1 % C&I 84,513 28.9 % Other1 5,560 2.0 % Total Loans $ 291,955 100.0 % Strategic Rationale Loans Deposits 10 Branches $554M Total Deposits $220M Total Loans 48% Variable Rate Loans31% NIB $55M Total Deposits $72M Total Loans 30% Variable Rate Loans • U
Slide 17: Differentiated Deposit Verticals
17 22% 39% 39% Community Associations $1.5B in deposit accounts. Specifically designed to serve the needs of community associations Property Management $1.5B in deposits. Specializing in the compliance of Property Management Trust Accounts Legal Industry and Escrow Services $833M in deposits. Produc
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 $960M guaranteed • We remain a top 25 SBA 7(a) lender nationally • 1 of 8 lenders in a lower risk profile designated by the SB
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 Talent acquisitions between 2021 & 4Q25 4. High-Quality Talent Additions Through Focused Efforts 11: Los Angeles 10: San Diego 5: Phoenix & Las Vegas 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 $259 $285 $255 $275 2022 2023 2024 2025 1.94% 2.06% 1.72% 1.70% 2022 2023 2024 2025 Our Focused Strategy is Generating Growth
Slide 24: Consistently Growing and Creating Value
24 Loan & Deposits Trends ($B) $2.8 $11.8 $2.8 $14.6 EFSC Loans EFSC Deposits 2015 2025 Balance sheet growth driving earnings growth 10-Year TBV CAGR510-Year TTM4 EPS CAGR5 110-Year CAGR from 4Q15 – 4Q25; 29.7% excluding acquisitions; 311.9% excluding acquisitions and brokered CDs 4TTM – Trailing Tw
Slide 25: Flexible Balance Sheet Positioned for Growth
25 $7.5B Available Liquidity 59.5% Adjustable Rate Loans2 11.6% CET1 Ratio1 81% Loans to Deposits Note: 4Q25 data; 111.0% adjusting for unrealized losses on securities. This is a non-GAAP measure, refer to appendix for reconciliation 2$400 million of adjustable-rate loans have been hedged against de
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: Growth History and M&A Track Record
27 $5.3 $5.6 $7.3 $9.8 $13.5 $13.1 $14.5 $15.6 $17.3 $4.4 $6.1 $8.5 $11.3 $16.7 $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: • Selected by the Community Development Financial Institutions Fund (CDFI Fund) of the U.S.
31 • Selected by the Community Development Financial Institutions Fund (CDFI Fund) of the U.S. Department of the Treasury to receive $433M of New Markets Tax Credits allocations since 2011 • In 2024, our portfolio included the financing of over $1.9B in small business, small farm and community devel
Slide 32: Non-GAAP financial measures
32 The Company’s accounting and reporting policies conform to generally accepted accounting principles in the United States (“GAAP”) and the prevailing practices in the banking industry. However, the Company provides other financial measures, such as tangible common equity, tangible common equity to
Slide 33: Tangible Common Equity to Tangible Assets
33 At ($ in thousands) December 31, 2025 Stockholders' equity (GAAP) $ 2,039,386 Less preferred stock 71,988 Less goodwill 416,968 Less intangible assets 21,175 Tangible common equity (non-GAAP) $ 1,529,255 Total assets (GAAP) $ 17,300,884 Less goodwill 416,968 Less intangible assets 21,175 Tangible
Slide 34: CET1 Ratio Adjusted For Unrealized Loss
34 At ($ in thousands) December 31, 2025 CET1 capital $ 1,583,989 Less unrealized loss on investment portfolio, after tax1 88,791 CET1 capital excluding unrealized loss on securities $ 1,495,198 Total risk-weighted assets $ 13,629,250 CET1 capital / risk-weighted assets (GAAP) 11.6 % CET1 capital ex
Slide 35: PPNR & PPNR ROAA
35 Year ended ($ in thousands) 2025 2024 2023 2022 Net interest income (GAAP) $ 626,738 $ 568,096 $ 562,592 $ 473,903 Noninterest income (GAAP) 113,123 69,703 68,725 59,162 FDIC special assessment (652) 625 2,412 — Core conversion expense — 4,868 — — Acquisition costs 3,675 — — — Less net gain on sa
Slide 36: Allowance Coverage Ratio Adjusted for Guaranteed Loans
36 Allowance Coverage Ratio Adjusted for Guaranteed Loans At ($ in thousands) December 31, 2025 Loans (GAAP) $ 11,800,338 Less guaranteed loans, net 960,132 Adjusted loans (non-GAAP) $ 10,840,206 Allowance for credit losses on loans (GAAP) $ 140,022 Allowance for credit losses on loans / total loans
Slide 37: Return on Average Tangible Common Equity (ROATCE)
37 Return on Average Tangible Common Equity (ROATCE) Year ended ($ in thousands) December 31, 2025 Average stockholder’s equity (GAAP) $ 1,939,494 Less average preferred stock 71,988 Less average goodwill 377,690 Less average intangible assets 8,238 Average tangible common equity (non-GAAP) $ 1,481,
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