Last $19.67 USD
Change Today -0.28 / -1.40%
Volume 11.7K
EBTC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Snapshot

Open
$19.80
Previous Close
$19.95
Day High
$20.06
Day Low
$19.38
52 Week High
07/22/13 - $22.59
52 Week Low
05/1/13 - $15.60
Market Cap
197.4M
Average Volume 10 Days
11.1K
EPS TTM
$1.36
Shares Outstanding
10.0M
EX-Date
05/8/14
P/E TM
14.5x
Dividend
$0.48
Dividend Yield
2.36%
Current Stock Chart for ENTERPRISE BANCORP INC (EBTC)

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enterprise bancorp inc (EBTC) Details

Enterprise Bancorp, Inc. operates as the holding company for Enterprise Bank and Trust Company that provides banking and other financial services. It offers a range of commercial and consumer loan products, deposit and cash management products, investment advisory and wealth management, trust, and insurance services to business entities, non-profit organizations, professionals, and individuals primarily in the Merrimack Valley, and north central regions of Massachusetts and Southern New Hampshire. The company’s deposit products comprise personal checking accounts, savings accounts, money market accounts, individual retirement accounts, and term certificates of deposit to individuals; commercial checking accounts, business and municipal savings accounts, money market and business sweep accounts, and escrow management accounts to businesses; and checking and simplified employee pension accounts to the employees of its business customers. Its loan products include commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans, lines of credit, and standby letters of credit; and conventional residential mortgage loans, home equity loans and lines, residential construction loans on primary residences, and secured and unsecured personal loans, as well as equipment lease financing. The company’s investment services include customized investment management and trust services; and insurance services comprise property and casualty, employee benefits, and risk-management solutions. As of April 18, 2013, it has 20 full-service branch offices located in the Massachusetts cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Leominster, Methuen, Tewksbury, Tyngsboro, and Westford; and in the New Hampshire towns of Derry, Hudson, Pelham, and Salem. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.

398 Employees
Last Reported Date: 03/14/14
Founded in 1989

enterprise bancorp inc (EBTC) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $400.0K
President, Director, Chairman of Executive Co...
Total Annual Compensation: $258.9K
Executive Chairman, Member of Executive Commi...
Total Annual Compensation: $350.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $194.8K
Chief Operations Officer of Enterprise Bank &...
Total Annual Compensation: $194.8K
Compensation as of Fiscal Year 2012.

enterprise bancorp inc (EBTC) Key Developments

Enterprise Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported net income for the three months ended March 31, 2014 of $3.5 million, an increase of $73,000 from $3.4 million, or 2%, compared to the same three-month period in 2013. Diluted earnings per share were $0.35 for both the three-month periods ended March 31, 2014 and March 31, 2013, respectively. The Company's growth has contributed to increases in net interest income and non-interest expenses in the first quarter of 2014 compared to the same period in the prior year. Net income for the three months ended March 31, 2014 was also impacted by a lower loan loss provision in the current year-to-date period, partially offset by a decrease in non-interest income due primarily to lower gains on loan sales in the first quarter of 2014. Net interest income for the three months ended March 31, 2014 amounted to $16.9 million, an increase of $1.1 million from $15.82 million, or 7%, compared to the same period in 2013. This increase in net interest income was primarily due to revenue generated from loan growth, mainly in commercial real estate loans, partially offset by a decrease in tax equivalent net interest margin. Income before income taxes was $5,368,000 against $5,221,000 a year ago. Book value per share was $15.39 against $14.55 a year ago. Return on average total assets was 0.77% against 0.84% a year ago. Return on average stockholders' equity was 9.28% against 9.87% a year ago. For the three months ended March 31, 2014, the company recorded net charge-offs of $995,000 compared to $21,000 for the three months ended March 31, 2013.

Enterprise Bancorp Inc. Announces Quarterly Dividend, Payable on June 2, 2014

On April 15, 2014, the Board of Directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.12 per share to be paid on June 2, 2014 to shareholders of record as of May 12, 2014. The quarterly dividend represents a 4.3% increase over the 2013 dividend rate.

Enterprise Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. Net income for the three months ended December 31, 2013 amounted to $3.5 million, an increase of $250,000 or 8%, compared to the same three-month period in 2012 of $3.2 million. Diluted earnings per share were $0.35 for the three months ended December 31, 2013, an increase of 6% compared to the same period in 2012 of $0.33. Net interest income for the three months ended December 31, 2013 amounted to $17.2 million, an increase of $1.3 million, or 8%, compared to the same period in 2012 of $15.9 million. Income before income taxes was $5.1 million against $4.8 million of prior year period. The company announced that net income for the year ended December 31, 2013 amounted to $13.5 million, an increase of $1.2 million, or 9%, compared to 2012 net income of $12.4 million. Diluted earnings per share were $1.36 for the year ended December 31, 2013, an increase of 6% compared to 2012 of $1.28. In 2013, financial results included increases in net interest income, non-interest income, operating expenses and the provision for loan losses over the prior year, due primarily to the company's growth. Net interest income for the year ended December 31, 2013 amounted to $65.8 million, an increase of $3.9 million, or 6%, compared to the same period in 2012 of $61.9 million. This increase in net interest income was due primarily to revenue generated from loan growth, mainly in commercial real estate loans, partially offset by a decrease in tax equivalent net interest margin ("margin"). Income before income taxes was $20.5 million against $18.7 million of prior year period. Return on average total assets and return on average stockholders' equity were 0.78% and 9.32% against 0.78% and 9.27% of prior year.

 

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