ENTERPRISE FINANCIAL SERVICES CORP

Listed Company

EFSCPCIK 0001025835NasdaqLarge AcceleratedState Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$201.37M

Total Assets

$17.30B

Equity

$2.04B

Shares Out

36.82M

Op. Cash Flow

$193.51M

+ 13F Filer

Business

Enterprise Financial Services Corp is a financial holding company that provides commercial and consumer banking and wealth management services through its bank subsidiary, Enterprise Bank & Trust. It offers lending products (including commercial and industrial, commercial real estate, construction and development, SBA, residential real estate, life insurance premium finance, sponsor and tax credit–related lending), deposit products, treasury management, international trade services and fiduciary and investment management. Key business components include its bank subsidiary, wealth management, specialty lending niches, tax credit brokerage and fee-income treasury services. The company serves customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada and New Mexico and also operates loan and deposit production offices and digital channels nationwide.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and Fee Income, Loans and Leases	754	755	688	456	349
Interest Income, Securities, Operating, Taxable	82	51	40	28	18
Interest Income, Securities, Operating, Tax Exempt	33	24	23	19	14
Interest Income, Domestic Deposits	18	19	13	11	1
Dividend Income, Operating	2	2	1	1	1
Interest and Dividend Income, Operating, Total	888	851	765	515	383
Interest Expense, Deposits	241	265	184	30	11
Interest Expense, Subordinated Notes and Debentures	10	10	10	9	11
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-Term	3	2	3	599,000	803,000
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase	8	6	6	1	605,000
Interest Expense, Total	262	283	202	—	—
Interest Income (Expense), Net, Total	627	568	563	474	360
Provision for loan losses not covered under FDIC loss share	26	22	37	−611,000	13
Interest Income (Expense), after Provision for Loan Loss, Total	600	547	526	475	347
Noninterest Income	113	70	69	59	68
Labor and Related Expense	199	183	165	147	125
Deposit Costs	103	89	72	31	14
Occupancy, Net	20	17	17	18	16
Information Technology and Data Processing	20	20	15	14	12
Professional Fees	10	6	6	7	4
Other Noninterest Expense	78	71	74	58	48
Noninterest Expense, Total	430	385	348	274	246
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total	284	231	247	259	169
Income Tax Expense (Benefit)	82	46	52	56	36
Net Income (Loss) Attributable to Parent, Total	201	185	194	203	133
Preferred Stock Dividends and Other Adjustments	4	4	4	4	0
Net Income (Loss) Available to Common Stockholders, Basic, Total	198	182	190	199	133
Basic (usd per share)	5.34	4.86	5.09	5.32	3.86
Diluted (usd per share)	5.31	4.83	5.07	5.31	3.86

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Due from Banks	208	271	193	230	209
Federal Funds Sold	6	6	3	2	1
Interest-Bearing Deposits in Banks and Other Financial Institutions	468	487	237	60	1,811
Cash, Cash Equivalents, and Federal Funds Sold, Total	682	764	433	291	2,022
Interest-bearing deposits greater than 90 days	898,000	2	4	8	7
Debt Securities, Available-for-Sale, Excluding Accrued Interest	2,655	1,862	1,618	1,536	—
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss	1,075	929	750	710	—
Accounts and Financing Receivables, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance	928,000	110,000	359,000	1	6
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	11,800	11,220	10,884	—	—
ACL on loans	−140	−138	−135	—	—
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Total	11,660	11,082	10,749	—	—
Other Investments and Securities, at Cost	81	73	66	64	60
Property, Plant and Equipment, Net	59	45	43	43	48
Goodwill	417	365	365	365	365
Intangible Assets, Net (Excluding Goodwill)	21	8	12	17	22
Prepaid Expense and Other Assets	649	465	477	419	339
Assets, Total	17,301	15,596	14,519	13,054	13,537
Noninterest-Bearing Domestic Deposit, Demand	4,874	4,484	3,959	4,643	4,578
Interest-Bearing Domestic Deposit, Checking	3,537	3,175	2,950	2,256	2,466
Deposits, Money Market Deposits	3,991	3,564	3,399	2,655	2,891
Deposits, Savings Deposits	537	553	595	744	800
Brokered	722	485	483	119	129
Other	947	885	790	412	479
Deposits, Total	14,609	13,146	12,176	10,829	11,344
Subordinated Debt	94	157	156	155	155
Other Borrowings	388	281	298	324	354
Other Liabilities	171	189	172	123	106
Liabilities, Total	15,261	13,772	12,803	11,532	12,008
Preferred Stock, Value, Issued	72	72	72	72	72
Common Stock, Value, Issued	370,000	370,000	374,000	373,000	398,000
Additional Paid in Capital	1,001	991	995	983	1,019
Retained Earnings (Accumulated Deficit)	1,021	878	750	598	493
Accumulated Other Comprehensive Income (Loss), Net of Tax	−55	−117	−101	−130	19
Equity, Attributable to Parent, Total	2,039	1,824	1,716	1,522	1,529
Liabilities and Equity, Total	17,301	15,596	14,519	13,054	13,537

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, Nonproduction	7	5	5	6	6
Financing Receivable, Credit Loss, Expense (Reversal)	26	22	37	−611,000	—
Deferred Income Tax Expense (Benefit)	−6	−4	2	2	545,000
Accretion (Amortization) of Discounts and Premiums, Investments	4	4	4	6	7
Net accretion of loan discount and indemnification asset	5	2	4	266,000	−1
Amortization of Intangible Assets	4	4	5	5	6
Amortization Of Servicing Assets	926,000	1	2	3	2
Payment for Origination, Loan, Mortgage, Held-for-Sale	−27	−23	−20	−67	−160
Proceeds from Sale, Loan, Mortgage, Held-for-Sale	27	24	21	73	164
Gain (Loss) on Sale of Investments	−49,000	0	−601,000	0	0
Gains (Loss) On Loans Sold	−4	−1	−2	0	0
Gain (Loss) on Sale of Properties	−6	−3	−187,000	93,000	−931,000
Gain (Loss) on Disposition of Property Plant Equipment	0	0	−46,000	−54,000	0
Gain on state tax credits, net	−798,000	−2	−904,000	−2	−2
Share-Based Payment Arrangement, Noncash Expense	13	11	10	8	6
Increase (Decrease) in Other Operating Assets and Liabilities, Net	−50	23	9	−20	−17
Net Cash Provided by (Used in) Operating Activities, Total	194	247	268	217	161
Payments for (Proceeds from) Loans and Leases	−486	−398	−1,238	−723	138
Proceeds from Divestiture of Businesses	277	0	0	—	—
Proceeds from Sale of Debt Securities, Available-for-Sale	139	0	40	0	27
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	435	317	233	239	306
Proceeds from Sale and Maturity of Held-to-Maturity Securities	25	7	9	12	50
Proceeds from Maturities, Prepayments and Calls of Other Investments	133	69	93	13	18
Proceeds From Sale Of Loans	84	25	45	0	0
Proceeds from the sale of state tax credits held for sale	4	10	5	21	19
Proceeds from Sale of Other Real Estate	4	11	457,000	3	6
Proceeds from Sale of Property, Plant, and Equipment	0	0	357,000	2	0
Proceeds from Life Insurance Policy	2	1	1	534,000	0
Payments to Acquire Debt Securities, Available-for-Sale	−1,288	−564	−319	−728	−779
Payments to Acquire Held-to-Maturity Securities	−178	−191	−56	−182	0
Payments to Acquire Other Investments	−143	−74	−115	−19	−10
Payment to Acquire Life Insurance Policy, Investing Activities	−75	0	0	—	—
Payments to acquire State tax credits held for sale	−2	−3	−90,000	−19	−9
Payments to Acquire Property, Plant, and Equipment	−12	−7	−7	−2	−3
Net Cash Provided by (Used in) Investing Activities, Total	−1,079	−797	−1,308	−1,384	−23
Net Change Noninterest-Bearing Deposits, Domestic	173	525	−684	64	869
Net Change Interest-Bearing Deposits, Domestic	649	445	2,031	−579	649
Proceeds from (Payments for) Short Term FHLBank Borrowings, Financing Activities	0	0	−100	100	−160
Proceeds from Notes Payable	63	0	0	—	0
Repayments of Notes Payable	−5	−11	−6	−6	−7
Repayments of Subordinated Debt	−63	0	0	0	−50
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	48	−6	−21	−24	60
Payments of Ordinary Dividends, Common Stock	−45	−40	−37	−34	−26
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	−4	−4	−4	−4	0
Payments for Repurchase of Common Stock	−14	−30	0	−33	−61
Proceeds from (Payment for) Other Financing Activity	1	440,000	1	2	516,000
Net Cash Provided by (Used in) Financing Activities, Total	803	881	1,181	−563	1,347
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	−82	331	142	−1,730	1,484
Cash paid during the period for interest	260	284	195	41	24
Cash paid during the period for income taxes	83	28	50	46	57
Real Estate Owned, Transfer to Real Estate Owned	75	7	7	0	3
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	7	2	16	10	6
Transfer, Loans From Fixed Assets For Building Sale And Leaseback	0	0	1	0	0
Leasehold Improvement Allowance In Other Assets	0	0	2	0	0
Transfer To Investment Securities In Settlement Of Loans	0	10	0	0	—

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 381 positions

Reported AUM

$609.32M

Holdings

381

Top sector

$609.32M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$609.32M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES TR	—	176.5K	$44.13M	7.2%
SCHWAB STRATEGIC TR	—	487.3K	$36.46M	6.0%
SCHWAB STRATEGIC TR	—	328.4K	$25.91M	4.3%
SCHWAB STRATEGIC TR	—	473.1K	$22.41M	3.7%
ISHARES TR	—	272.7K	$20.07M	3.3%
ENTERPRISE FINL SVCS CORP	—	304.1K	$14.39M	2.4%
VANGUARD INDEX FDS	—	33.3K	$13.82M	2.3%
ISHARES TR	—	28.0K	$12.69M	2.1%
PEPSICO INC	—	72.5K	$12.13M	2.0%
ADVISORS INNER CIRCLE FD III	—	751.7K	$11.67M	1.9%