Enterprise Financial Services Corporation (EFSC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Go ahead. Good morning, and thank you all very much for joining us for our 2025 second quarter earnings call. Joining me this morning is King Turner, EFSC's Chief Financial Officer and Chief Operating Officer, Scott Goodman, President of Enterprise Bank and Trust, and Doug Bauke, Chief Credit Officer of Enterprise Bank and Trust. Before we begin, I would like to remind everybody on the call that a copy of the release and accompanying presentation can be found on our website, presentation and earnings release were furnished on SEC form 8K yesterday. Please refer to slide two of the presentation titled forward-looking statements and our most recent 10K and 10Q for reasons why actual results may vary from any forward-looking statements that we make today. Our second quarter performance is a continuation of our multi-year trend of very strong consistent results. This is a product of a very intentional strategy that leans into our diversified business model that capitalizes on a number of higher growth markets complemented by several high-performing national loan and depository businesses. Our relationship approach with a C&I bias allows us to capitalize on a greater share of additional opportunities, and the tenure of these relationships somewhat mutes the payoff headwinds that a much higher CRE-focused portfolio presents. Establishing a cadence of consistency at a top quartile level of performance has been our focus. and this was once again achieved in the second quarter. For the quarter, we earned $1.36 per diluted share compared to $1.31 in the linked quarter and $1.19 in the second quarter of 2024. This level of performance produced an adjusted return on assets of 1.31% and a pre-provisioned ROAA of 1.72%. Needless to say, we're very pleased with these results. Net i...