Enterprise Financial Services discloses $68.4M in nonperforming CRE loans; expects full recovery via foreclosure

ENTERPRISE FINANCIAL SERVICES CORP

Seven commercial real estate loans totaling $68.4M to seven SPEs in Southern California, previously reported as nonperforming.
Borrowers filed for bankruptcy in Q1 2025; bank commenced foreclosure proceedings in August 2025.
Company expects to collect full balance due to senior secured first lien position on real property collateral.
Disclosure made in response to investor inquiries about a peer bank's 8-K filing; no impairment expected.
All loans secured by first position mortgages; no loss anticipated from these credit relationships.

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