Last $24.14 USD
Change Today -0.09 / -0.37%
Volume 3.7K
EBTC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 1:47 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Snapshot

Open
$24.26
Previous Close
$24.23
Day High
$24.26
Day Low
$23.57
52 Week High
10/31/14 - $24.81
52 Week Low
04/25/14 - $18.00
Market Cap
245.4M
Average Volume 10 Days
8.7K
EPS TTM
$1.39
Shares Outstanding
10.2M
EX-Date
11/6/14
P/E TM
17.4x
Dividend
$0.48
Dividend Yield
1.99%
Current Stock Chart for ENTERPRISE BANCORP INC (EBTC)

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enterprise bancorp inc (EBTC) Details

Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank and Trust Company that provides banking and other financial services primarily in the Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts earning interest or reward points, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts to employees of its business customers. It also provides 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 and secondary residences, and secured and unsecured personal loans, as well as equipment lease financing services. In addition, the company offers cash management services; investment advisory and management services, including customized investment management and trust services under the enterprise investment advisors label; and insurance products, such as property and casualty, employee benefits, and risk-management solutions. As of May 6, 2014, Enterprise Bancorp, Inc. had 22 full-service branch offices located in the Massachusetts cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Methuen, Tewksbury, Tyngsboro, and Westford; and in Hudson, Nashua, Pelham, Salem, and Derry, New Hampshire. It primarily serves business entities, non-profit organizations, professionals, and individuals. 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: $252.6K
Executive Chairman, Member of Executive Commi...
Total Annual Compensation: $350.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $195.8K
Chief Operations Officer of Enterprise Bank &...
Total Annual Compensation: $195.8K
Compensation as of Fiscal Year 2013.

enterprise bancorp inc (EBTC) Key Developments

Enterprise Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $3,831,000 against $3,533,000 a year ago. Diluted earnings per share were $0.37 against $0.35 a year ago. Total interest and dividend income was $19,394,000 against $17,946,000 for the same period a year ago. Net interest income was $18,092,000 against $16,633,000 for the same period a year ago. Income before income taxes was $5,752,000 against $5,437,000 for the same period a year ago. This increase in net interest income was primarily due to loan growth, mainly in commercial real estate loans, partially offset in the year-to-date period by a decrease in tax equivalent net interest margin. For the nine months, the company reported net income of $10,651,000 against $10,045,000 a year ago. Diluted earnings per share were $1.05 against $1.01 a year ago. Total interest and dividend income was $56,405,000 against $52,597,000 for the same period a year ago. Net interest income was $52,458,000 against $48,579,000 for the same period a year ago. Income before income taxes was $16,191,000 against $15,343,000 for the same period a year ago. Book value per share as at September 30, 2014 was $16.00 against $14.88 as at September 30, 2013. Return on average total assets was 0.75% against 0.78% a year ago. Return on average stockholders' equity was 9.05% against 9.36% as at September 30, 2013.

Enterprise Bancorp, Inc. Declares Quarterly Dividend, Payable on December 1, 2014

The Board of Directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.12 per share to be paid on December 1, 2014 to shareholders of record as of November 10, 2014. The quarterly dividend represents a 4.3% increase over the 2013 dividend rate.

Enterprise Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Enterprise Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total interest and dividend income was $18,780,000 compared to $17,458,000 a year ago. Net interest income was $17,452,000 compared to $16,127,000 a year ago. Net interest income after provision for loan losses was $17,252,000 compared to $15,593,000 a year ago. Income before income taxes was $5,071,000 compared to $4,685,000 a year ago. Net income was $3,314,000 compared to $3,079,000 a year ago. Diluted earnings per share was $0.32 compared to $0.31 a year ago. For the six months, the company's total interest and dividend income was $37,011,000 compared to $34,651,000 a year ago. Net interest income was $34,366,000 compared to $31,946,000 a year ago. This increase in net interest income was primarily due to loan growth, mainly in commercial real estate loans, partially offset by a decrease in tax equivalent net interest margin. Net interest income after provision for loan losses was $33,966,000 compared to $30,629,000 a year ago. Income before income taxes was $10,439,000 compared to $9,906,000 a year ago. Net income was $6,820,000 compared to $6,512,000 a year ago. Diluted earnings per share was $0.67 compared to $0.66 a year ago. Book value per share was $15.73 compared to $14.58 a year ago. Return on average total assets was 0.74% compared to 0.78% a year ago. Return on average stockholders' equity was 8.85% compared to 9.23% a year ago. The Company's growth has contributed to increases in net interest income and non-interest expenses in the current year as compared to the same period in 2013. Net income, as compared to the prior year, was also impacted by a lower loan loss provision in 2014, partially offset by a decrease in non-interest income due primarily to lower gains on sales of loans and lower net gains on sales of investment securities.

 

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