For context on Enterprise Bank & Trust's small-business lending footprint, see its SBA lending profile on US Lender Metrics, including approval volume, loan sizes and industry mix. SBA approvals are not the same as funded loans or recognized revenue; the profile states its reporting period.
| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | October 22, 2026 | 9/12 | 1 high, 4 medium, 3 low flags | 0 | 2 | Call sheet → |
| Q2'26 | July 23, 2026 | 10/12 | 1 high, 3 medium, 4 low flags | 2 | 1 | Call sheet → |
| Q1'26 | April 23, 2026 | 7/12 | 2 high, 4 medium, 2 low flags | 0 | 0 | Call sheet → |
| Q4'25 | January 27, 2026 | 9/12 | 2 high, 5 medium, 1 low flags | 1 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Missed | Yeah, I think, Jeff, maybe if you look back to 1Q, I think that's a little bit more of what we would expect on a recurring basis. Q3 non-interest income was $13 million, still well below the implied 1Q-level recurring run-rate, with tax credit fair-value drag cited again. |
| Q3'26 | Pending | reaching our mid single digit growth for the year is another key focus and certainly attainable. Q3 loan growth alone was $452 million (nearly 4% sequential) with trailing-12-month CNI growth of 17%, well ahead of pace for the mid-single-digit full-year target, but FY2026 is not yet complete. |
| Q3'26 | Pending | The buyers of these properties remain committed and we fully expect to resolve this and execute on the disposition. Still unresolved three quarters later; management now points to Q1 2027 before monetization begins, an additional slip from the open-ended framing. |
| Q3'26 | Pending | I do think that we expect the tax credit line to at least break even for the year. Q3 alone produced a ~$7 million negative hit from fair-value declines in that line, making the full-year breakeven target unlikely, though FY2026 is not yet complete and management is now moving to exit this reporting line entirely rather than manage it to breakeven. |
| Q3'26 | Missed | I would expect our charge-offs going forward to normalize back to kind of our 10-year historical norms which is 15 basis points. Q3 net charge-offs came in at 36bps annualized; management explicitly stated 'this obviously did not occur', missing the 15-20bps expectation set last quarter. |
| Q2'26 | Delivered | Will continue evaluating further share repurchases given current stock levels 382,000 shares repurchased for ~$23M in Q2, plus a new 2M-share authorization approved in July |
| Q2'26 | Exceeded | NIM expected to remain in the low to mid 4.2% range for the remainder of 2026 Q2 NIM printed at 4.30%, above the stated range, and management raised the forward guide to mid-to-upper 420s |
| Q2'26 | Pending | Bullish on mid-single-digit balance sheet/loan growth for full-year 2026 Full-year target not yet due; reaffirmed this quarter as 'certainly attainable' after a $200M organic growth quarter |
| Q2'26 | Missed | Three of four Southern California OREO properties should transact in Q2 2026, the fourth later this year None of the four closed; a bankruptcy appeal on one of the unsold properties clouded title across the whole portfolio, delaying all contracted closings |
| Q1'26 | Pending | SBA gain on sale to grow modestly (~5%) from 2025 levels in 2026 Year not complete; Q1 included a $25M SBA sale generating a $1.4M gain, consistent with continued activity but not yet measurable against the full-year target. |
| Q1'26 | Pending | 2026 expenses to grow around 5% off a ~$441M base Full year not complete; Q1 commentary describes expenses as roughly flat sequentially on a pre-provision basis with NII offsetting growth, no updated full-year dollar figure given. |
| Q1'26 | Pending | 2026 net interest margin run rate roughly 4.2% Year not complete; Q1 NIM came in at 4.28%, and the updated guide is 'low to mid 4.2%', broadly consistent with the original target. |
| Q1'26 | Pending | 2026 balance sheet growth of 6% to 8% Full year not complete; guidance was revised down this quarter to 'mid-single digit', a cut worth tracking, not yet a miss or delivery. |
| Q1'26 | Pending | Resolution of the OREO properties expected 'by the end of the second quarter' (Q2 2026) As of the Q1'26 call, only 4 of 7 properties are under contract, with three transacting in Q2 and the fourth 'later this year'; deadline has not yet passed. |
| Q1'26 | Pending | NPAs to reduce from 95bps to a 'historically normalized level of 35 to 40 basis points' over the next quarter or two Current transcript gives no NPA bps figure at all, only OREO property/contract status; the actual bps was not stated on the call, so progress against this specific target cannot be verified. |
| Q4'25 | Pending | NIM 'flirting with a 420-ish margin for most of 26' Full-year target not yet concluded; current guide of roughly 4.2% for 2026 is broadly consistent with the prior statement. |
| Q4'25 | Pending | 2026 expense growth of roughly 3.5% Fiscal-year target not yet concluded; however, management has already revised the guide upward to roughly 5% this quarter, a notable increase worth tracking rather than a miss per se. |
| Q4'25 | Delivered | Expect to collect the full balance on the seven Southern California CRE loans ($68.4M) via foreclosure Six of seven properties were foreclosed and taken into OREO with no net loss recognized on the foreclosures; final resolution of sale proceeds on the seventh property and remaining five PSAs is still pending in 2026. |
| Q4'25 | Pending | Expect full principal collection on the $12 million life insurance premium finance loan, with NPAs returning to favorable historical norms 'in the coming quarter' Actual not stated on the call; the loan is not mentioned at all in the Q4 transcript despite being named specifically last quarter. Unverified whether it was collected, remains outstanding, or was charged off. |
| Q4'25 | Missed | Expect NPAs to return to historical levels over the next few quarters NPAs rose from 83bps to 95bps this quarter rather than normalizing, and management has now pushed the timeline out again to 'next couple of quarters'. |
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