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Enterprise Financial Company profile

About Enterprise Financial Services Corp

Enterprise Financial Services Corp is a financial holding company for Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and corporate customers across Arizona, California, Kansas, Missouri, Nevada, and New Mexico. The Company offers a range of business and personal banking services, including wealth management services. Its lending services include commercial and industrial (C&I), commercial real estate (CRE), real estate construction and development, residential real estate, SBA, consumer and tax credit-related loan products. It offers a variety of deposit products and a suite of treasury management and international trade services, along with its tax credit brokerage activities. The Company focuses on certain areas which includes sponsor finance, life insurance premium finance, tax credit related lending and tax credit brokerage. It supports mid-market company mergers and acquisitions in various domestic markets.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Enterprise Financial Services Corp interest income increased 26% to $383.2M. Net interest income after loan loss provision increased 70% to $346.8M. Net income increased 79% to $133.1M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 29% to $348.6M, Nontaxable increase of 65% to $13.8M.

Equity composition

Common Stock $.01 Par, 12/10, 30M auth., 14,965,401 issd Less 76,000 shs. in Treas @ $1.7M. Insiders control approx 7.88% . IPO:N/A. Preferred stock $.01 Par, 5M auth., 35,000 issd.