Enterprise Financial Services Corp. announced that it will restate its financial statements for the year ended December 31, 2010 and for the first three quarters of 2011 and 2010. The company discovered an accounting error that resulted in an inadvertent overstatement of income on loans covered by FDIC loss share agreements during those periods. The company has concluded that the company's financial statements, report on internal controls and the reports thereon of Deloitte & Touche LLP, the company's independent registered public accounting firm included in its Annual Report on Form 10-K as of and for the year ended December 31, 2010 and the interim financial statements included in its Quarterly Reports on Form 10-Q as of and for each of the periods ended March 31, June 30, and September 30, for 2010 and 2011, respectively, should no longer be relied upon. As a result of the restatement, based on current estimates, the company expects diluted earnings per share for 2010 to be between $0.20 and $0.25, compared to the originally reported earnings per share of $0.45. For the nine months ended September 30, 2011, the company had previously reported net income of $24.8 million, or $1.46 per diluted share. After restating those results, based on current estimates, the company expects to report net income of between $0.98 and $1.15 per diluted share for the period ending September 30, 2011 and between $1.20 and $1.35 per share for the year ended December 31, 2011. The company will not release its 2011 fourth quarter and year-end results or conduct its quarterly conference call on Thursday, January 26. A rescheduled date will be announced. Based on current estimates, the company expects that it and its principal subsidiary, Enterprise Bank & Trust, both will remain 'well-capitalized' under all regulatory definitions.