Enterprise Bancorp Inc (OQ:EBTC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 222 Merrimack St. LOWELL MA 01852 |
| Tel: | 1-978-6565578 |
| Website: | https://www.enterprisebanking.com |
| IR: | See website |
| Key People | ||
| George L. Duncan Executive Chairman of the Board | Peter Fraser Chief Mortgage and Consumer Lending Officer of the Bank | Richard W. Main President, Director |
| John P. Clancy Chief Executive Officer of the Company and the Bank, Director | James F. Conway Vice Chairman of the Board, Lead Independent Director | Joseph R. Lussier Chief Financial Officer, Treasurer of the Company and Bank |
| Brian H. Bullock Chief Commercial Lending Officer of the Bank | Brian M. Collins Chief Digital and Operations Officer of the Bank | Susan Covey Branch Administration Director of the Bank | Ryan C. Dunn Regional Commercial Lending Director of the Bank |
| Business Overview |
| Enterprise Bancorp, Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company is primarily engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities. It offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services. The Bank also offers various digital banking capabilities through online and mobile platforms. It specializes in lending to business entities, non-profit organizations, professional practices, and individuals. Its lending products include commercial real estate, commercial and industrial, and commercial construction loans; residential loans; home equity loans and lines of credit; consumer loans; and credit risk and allowance for credit losses. Its commercial real estate loans include loans secured by both owner and non-owner-occupied real estate. |
| Financial Overview |
| For the three months ended 31 March 2024, Enterprise Bancorp Inc interest income increased 15% to $54M. Net interest income after loan loss provision decreased 7% to $34.6M. Net income decreased 21% to $8.5M. Net interest income after loan loss provision reflects Investment securities decrease of 20% to $4M, Other interest-earning assets decrease of 47% to $1.2M. Net income also reflects Deposits increase from $6M to $17.3M (expense). |
| Employees: | 570 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $327.31M as of Mar 31, 2024 |
| Annual revenue (TTM): | $208.24M as of Mar 31, 2024 |
| EBITDA (TTM): | $58.72M as of Mar 31, 2024 |
| Net annual income (TTM): | $35.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | $37.70M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $18.13M as of Mar 31, 2024 |
| Shares outstanding: | 12,376,562 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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