Revenue: As of FY2025, the actual value is USD 739.86 M.EPS: As of FY2025, the actual value is USD 5.31.EBIT: As of FY2025, the actual value is USD -343.02 M.<h4>Segment Revenue</h4><ul><li>Total Interest Income: Enterprise Financial Services Corp reported total interest income of $888,410 thousand for 2025, an increase from $851,051 thousand in 2024 and $764,919 thousand in 2023.</li><li>Total Noninterest Income: Total noninterest income increased to $113,123 thousand in 2025, up from $69,703 thousand in 2024 and $68,725 thousand in 2023. This 2025 increase was primarily driven by $32,112 thousand of anticipated insurance proceeds from a solar tax credit recapture event. Excluding this, other income grew by $11,500 thousand, attributed to higher Bank Owned Life Insurance (BOLI) income ($3,700 thousand), increased gains on SBA loan sales ($2,800 thousand), and a rise in net gain on Other Real Estate Owned (OREO) ($3,200 thousand).</li><li>Deposit Service Charges: Deposit service charges were $19,376 thousand in 2025, up from $18,344 thousand in 2024 and $16,559 thousand in 2023.</li><li>Wealth Management Revenue: Wealth management revenue remained stable at $10,456 thousand in 2025, compared to $10,452 thousand in 2024 and $10,030 thousand in 2023.</li><li>Card Services Revenue: Card services revenue was $9,995 thousand in 2025, consistent with $9,966 thousand in 2024 and $10,028 thousand in 2023.</li><li>Tax Credit Income: Tax credit income decreased to $7,697 thousand in 2025 from $8,954 thousand in 2024 and $9,196 thousand in 2023.</li></ul><h4>Operational Metrics</h4><ul><li>Net Interest Income: Net interest income increased by $58,600 thousand to $626,738 thousand in 2025, from $568,096 thousand in 2024 and $562,592 thousand in 2023.</li><li>Provision for Credit Losses: The provision for credit losses was $26,337 thousand in 2025, an increase from $21,508 thousand in 2024, but lower than $36,605 thousand in 2023. The 2025 increase was due to loan growth, net charge-offs, and an increase in nonperforming loans.</li><li>Total Noninterest Expense: Noninterest expense increased by $44,760 thousand, or 12%, to $429,807 thousand in 2025 from $385,047 thousand in 2024 and $348,186 thousand in 2023. This was mainly due to higher deposit costs ($14,600 thousand increase), increased compensation and benefits from an expanded associate base, and Branch Acquisition-related expenses, partially offset by a $4,900 thousand decline in core conversion expenses.</li><li>Net Income: Net income for Enterprise Financial Services Corp was $201,374 thousand in 2025, up from $185,266 thousand in 2024, but lower than $194,059 thousand in 2023.</li><li>Return on Average Assets (ROAA): ROAA was 1.24% in 2025, a slight decrease from 1.25% in 2024, and lower than 1.41% in 2023.</li><li>Return on Average Tangible Common Equity (ROATCE): ROATCE was 13.34% in 2025, down from 13.58% in 2024 and 16.25% in 2023.</li><li>Net Interest Margin (NIM) (tax-equivalent): NIM increased to 4.21% in 2025, from 4.16% in 2024, but was lower than 4.43% in 2023. The increase from 2024 to 2025 was primarily due to lower interest expense on the deposit portfolio.</li><li>Efficiency Ratio: The efficiency ratio improved to 58.09% in 2025 from 60.37% in 2024, compared to 55.15% in 2023.</li><li>Core Efficiency Ratio: The core efficiency ratio was 59.32% in 2025, an increase from 58.42% in 2024 and 53.42% in 2023.</li><li>Net Charge-offs: Net charge-offs were $24,302 thousand in 2025, an increase from $17,450 thousand in 2024, but lower than $38,044 thousand in 2023.</li><li>Nonperforming Loans: Nonperforming loans increased to $82,809 thousand at December 31, 2025, from $42,687 thousand at December 31, 2024, and $43,728 thousand at December 31, 2023. This increase was primarily due to seven real estate loans to special purpose entities in Southern California, leading to the foreclosure of six properties in Q4 2025, resulting in a net charge-off of $4,000 thousand and a gain on transfer of $6,200 thousand.</li><li>Nonperforming Assets: Total nonperforming assets were $164,353 thousand at December 31, 2025, significantly up from $46,642 thousand at December 31, 2024, and $49,464 thousand at December 31, 2023.</li><li>ACL on Loans to Total Loans: The Allowance for Credit Losses (ACL) on loans to total loans was 1.19% at December 31, 2025, a decrease from 1.23% in 2024 and 1.24% in 2023.</li></ul><h4>Unique Metrics</h4><ul><li>Loan Portfolio Composition (December 31, 2025): Commercial and Industrial (C&amp;I) loans constituted 44.3% of total loans ($5,231,616 thousand), Commercial Real Estate (CRE) - investor owned was 25.3% ($2,984,858 thousand), CRE - owner occupied was 20.9% ($2,468,963 thousand), Construction and land development was 5.9% ($687,584 thousand), Residential real estate was 3.1% ($367,682 thousand), and Consumer loans were 0.5% ($59,635 thousand).</li><li>Specialized Lending (December 31, 2025): SBA loans totaled $1,262,456 thousand, Sponsor finance loans were $694,905 thousand, Life insurance premium finance loans were $1,187,128 thousand, and Tax credit loans were $802,818 thousand.</li><li>Deposit Verticals: Deposits from property management, community associations, and legal industry and escrow services totaled $3,800,000 thousand at the end of 2025, up from $3,400,000 thousand at the end of 2024.</li><li>Branch Acquisition: In 2025, Enterprise Financial Services Corp acquired 12 branches from First Interstate Bank, adding $292,000 thousand in loans and $609,500 thousand in deposits as of December 31, 2025.</li><li>Subordinated Debt Redemption: Enterprise Financial Services Corp redeemed $63,300 thousand of subordinated debt with a floating rate of three-month Term SOFR plus 5.66%, funding it with a new $63,300 thousand senior note at one-month Term SOFR plus 2.50%.</li></ul><h4>Outlook / Guidance</h4>Enterprise Financial Services Corp anticipates continuing to pay comparable quarterly cash dividends on common stock, consistent with 2025, 2024, and 2023. However, there is no obligation to pay dividends, and the dividend policy may change at any time without notice. The ability to pay dividends is substantially dependent on the Bank’s ability to distribute funds to the Company and is subject to regulatory restrictions.

Enterprise Financial Pref Share EFSCP 5 Perp 12/15/26 | 10-K: FY2025 Revenue: USD 739.86 M