Enterprise Financial Services (EFSC) is the holding company for Enterprise Bank & Trust, a commercial bank headquartered in Clayton, Missouri. The bank serves privately held businesses, their owners, and professionals across several U.S. states, with a core focus on C&I lending — providing loans for working capital, acquisitions, and related purposes — complemented by CRE lending and a full suite of deposit and treasury management services. EFSC's business model is relationship-oriented: bankers build deep, multi-product relationships with business owners rather than transacting on individual products, which EFSC argues supports pricing discipline and stickier funding. The bank earns revenue primarily through net interest income, maintaining a NIM above 4% — notably high for its size — driven by low-cost relationship deposits. A key structural advantage is EFSC's national specialty deposit verticals serving HOAs, property managers, and legal/escrow clients, which provide large pools of low-cost demand deposits. On the lending side, specialty niches include SBA 7(a) lending, life insurance premium finance for high-net-worth individuals, sponsor finance to private equity-backed mid-market companies, and tax credit lending on affordable housing projects. EFSC grows organically by adding relationship bankers, expanding specialty niches, and growing deposit verticals, supplemented by selective acquisitions that reinforce existing markets rather than open new ones. Capital allocation priorities run from funding organic growth to dividends, buybacks, and opportunistic M&A.