Enterprise Financial Services Corp (NASDAQ:EFSC) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET

Company Participants

Jim Lally - President and Chief Executive Officer

Scott Goodman - President-Enterprise Bank & Trust

Keene Turner - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Jeffrey Rulis - D.A. Davidson

Andrew Liesch - Piper Sandler

Brian Martin - Janney Montgomery

Damon DelMonte - KBW

Operator

Good morning. My name is Rex and I will be your conference operator today. At this time, I would like to welcome everyone to the Enterprise Financial Services Corp Q2 Earnings Conference Call. [Operator Instructions] Thank you.

At this time, I would like to turn the conference over to Jim Lally, President and CEO. You may begin your conference.

Jim Lally

[Technical Difficulty] and welcome everyone to our second quarter earnings call. I appreciate all of you taking time to listen in. Joining me this morning is Keene Turner, our company's Chief Financial and Chief Operating Officer; and Scott Goodman, President of Enterprise Bank & Trust.

Before we begin, I would like to remind everyone on the call that a copy of the release and accompanying presentation can be found on our website. The presentation and earnings release were furnished on SEC Form 8-K yesterday.

Please refer to Slide 2 of the presentation titled forward-looking statements and our most recent 10-K and 10-Q for reasons why actual results may vary from any forward-looking statements that we make this morning.

Please turn to Slide 3 for our financial highlights of the second quarter. We’re very pleased with the results of the second quarter. Our cadence of consistency that we spoke of in previous quarters has continued. Our highly Our highly consultative relationship approach works well in times of uncertainty as clients and prospects took [advise and] [ph] guidance.

Our client base is in the best financial shape that we've seen in a very long time and are seeking opportunities to grow their businesses. Yet the economic [indiscernible] suggest that we may have a slowdown in the horizon, while the interest rate environment creates additional challenges for our clients. I am confident that the consistency of our model has and will continue to positively impact our results.

Over the last five years, we have focused on diversifying our revenue through geographic and business expansion. We've improved our funding by way of M&A and we have bolstered our balance sheet and capital position with a strong reserve and well executed capital management. The bottom line is that we have built the company for times just like this and are excited to share with you our results.