ENTERPRISE FINANCIAL SERVICES CORP — Form 8-K

Enterprise Financial Services Corp reported Q2 2026 net income of $40.9 million ($1.09 EPS), down from $49.4M ($1.30 EPS) in Q1 2026 and $51.4M ($1.36 EPS) in Q2 2025. Net interest income rose $2.6M to $168.7M; NIM improved 2bp to 4.30%. However, provision for credit losses nearly doubled to $14.2M (from $7.2M linked), driven by $13.6M in net charge-offs including two problem credits (C&I $8.3M in Texas, Sponsor Finance $5.2M). Nonperforming assets rose to 0.92% of assets. The company issued $175M of 6.25% fixed-to-floating subordinated notes (due 2036, callable 2031) to strengthen capital; tangible common equity ratio held at 9.04%. Deposits declined $21.8M to $14.5B; loans grew $199.6M to $11.9B. Common dividend raised $0.01 to $0.35/share; repurchased 382,083 shares at $59.93 avg.