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Enterprise Bancorp (EBTC) Financials

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Annual Income Statements for Enterprise Bancorp

Annual Income Statements for Enterprise Bancorp

This table shows Enterprise Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 43 38 39
Consolidated Net Income / (Loss)		 43 38 39
Net Income / (Loss) Continuing Operations		 43 38 39
Total Pre-Tax Income 		56 51 52
Total Revenue		 170 171 171
Net Interest Income / (Expense)		 152 153 148
Total Interest Income		 161 201 230
Loans and Leases Interest Income		 136 173 208
Investment Securities Interest Income		 19 19 16
Other Interest Income		 6.01 9.94 6.20
Total Interest Expense		 9.12 48 82
Deposits Interest Expense		 5.71 44 77
Short-Term Borrowings Interest Expense		 0.05 0.11 2.43
Long-Term Debt Interest Expense		 3.35 3.47 3.47
Total Non-Interest Income		 18 18 23
Other Service Charges		 11 11 12
Net Realized & Unrealized Capital Gains on Investments		 -0.42 -1.72 1.29
Investment Banking Income		 6.53 6.73 7.89
Other Non-Interest Income		 1.20 1.26 2.00
Provision for Credit Losses		 5.80 9.25 1.99
Total Non-Interest Expense		 108 110 117
Salaries and Employee Benefits		 72 72 78
Net Occupancy & Equipment Expense		 20 20 20
Marketing Expense		 2.76 2.79 2.59
Property & Liability Insurance Claims		 1.78 2.71 3.57
Other Operating Expenses		 12 12 11
Restructuring Charge		 0.00 0.00 1.14
Income Tax Expense		 13 13 13
Basic Earnings per Share		 $3.53 $3.11 $3.13
Weighted Average Basic Shares Outstanding		 12.10M 12.22M 12.39M
Diluted Earnings per Share		 $3.52 $3.11 $3.12
Weighted Average Diluted Shares Outstanding		 12.15M 12.24M 12.40M
Weighted Average Basic & Diluted Shares Outstanding		 12.15M 12.28M 12.46M
Cash Dividends to Common per Share		 $0.82 $0.92 $0.96

Quarterly Income Statements for Enterprise Bancorp

This table shows Enterprise Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Consolidated Net Income / (Loss)		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Net Income / (Loss) Continuing Operations		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Total Pre-Tax Income 		16 16 14 13 13 11 11 13 13 14
Total Revenue		 44 46 45 41 43 42 41 42 44 44
Net Interest Income / (Expense)		 40 42 40 38 39 37 35 36 38 38
Total Interest Income		 42 46 47 49 52 53 54 57 60 59
Loans and Leases Interest Income		 35 38 40 42 45 47 49 51 54 55
Investment Securities Interest Income		 4.73 4.87 5.07 4.97 4.32 4.22 4.03 3.94 3.84 3.88
Other Interest Income		 2.07 3.37 2.21 1.92 3.47 2.35 1.17 1.70 2.50 0.83
Total Interest Expense		 2.32 3.86 6.87 11 14 17 19 21 22 21
Deposits Interest Expense		 1.46 2.98 5.99 9.69 13 16 17 19 21 19
Long-Term Debt Interest Expense		 0.86 0.83 0.88 0.90 0.89 0.80 1.56 1.53 1.54 -1.17
Total Non-Interest Income		 4.53 4.21 4.76 2.82 4.49 5.55 5.50 5.63 6.14 5.62
Other Service Charges		 2.78 3.16 2.87 3.05 2.65 2.76 2.70 3.01 2.94 3.05
Net Realized & Unrealized Capital Gains on Investments		 -0.19 -0.83 -0.00 -2.22 -0.17 0.67 0.49 0.15 0.66 0.00
Investment Banking Income		 1.63 1.57 1.59 1.67 1.67 1.80 1.85 1.97 2.03 2.04
Other Non-Interest Income		 0.30 0.31 0.31 0.32 0.33 0.31 0.46 0.50 0.52 0.52
Provision for Credit Losses		 1.00 1.86 2.74 2.27 1.75 2.49 0.62 0.14 1.33 -0.11
Total Non-Interest Expense		 28 28 28 26 28 28 29 29 29 30
Salaries and Employee Benefits		 19 19 19 16 19 18 19 20 20 19
Net Occupancy & Equipment Expense		 4.80 4.90 5.18 5.14 5.06 5.00 5.20 5.06 5.06 5.05
Marketing Expense		 0.51 1.02 0.68 0.80 0.59 0.71 0.74 0.67 0.56 0.61
Property & Liability Insurance Claims		 0.39 0.47 0.68 0.62 0.65 0.77 0.86 0.86 0.90 0.95
Other Operating Expenses		 2.92 3.11 2.99 2.93 2.85 3.28 2.93 2.75 2.74 2.82
Income Tax Expense		 3.81 4.04 3.18 3.34 3.23 3.44 2.65 3.11 3.49 3.65
Basic Earnings per Share		 $0.99 $1.02 $0.89 $0.79 $0.79 $0.64 $0.69 $0.77 $0.80 $0.87
Weighted Average Basic Shares Outstanding		 12.12M 12.10M 12.16M 12.23M 12.25M 12.22M 12.29M 12.39M 12.43M 12.39M
Diluted Earnings per Share		 $0.98 $1.02 $0.88 $0.79 $0.79 $0.65 $0.69 $0.77 $0.80 $0.86
Weighted Average Diluted Shares Outstanding		 12.16M 12.15M 12.19M 12.24M 12.26M 12.24M 12.30M 12.39M 12.44M 12.40M
Weighted Average Basic & Diluted Shares Outstanding		 12.12M 12.15M 12.22M 12.24M 12.26M 12.28M 12.37M 12.42M 12.43M 12.46M

Annual Cash Flow Statements for Enterprise Bancorp

This table details how cash moves in and out of Enterprise Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -169 -211 27
Net Cash From Operating Activities		 48 57 47
Net Cash From Continuing Operating Activities		 48 57 47
Net Income / (Loss) Continuing Operations		 43 38 39
Consolidated Net Income / (Loss)		 43 38 39
Provision For Loan Losses		 5.80 9.25 1.99
Depreciation Expense		 7.04 6.19 5.61
Non-Cash Adjustments to Reconcile Net Income		 3.60 2.56 -1.15
Changes in Operating Assets and Liabilities, net		 -11 1.10 1.36
Net Cash From Investing Activities		 -262 -222 -347
Net Cash From Continuing Investing Activities		 -262 -222 -347
Purchase of Property, Leasehold Improvements and Equipment		 -4.84 -6.02 -2.47
Purchase of Investment Securities		 -406 -387 -420
Sale and/or Maturity of Investments		 152 173 78
Other Investing Activities, net		 -3.00 -2.12 -1.47
Net Cash From Financing Activities		 45 -46 327
Net Cash From Continuing Financing Activities		 45 -46 327
Net Change in Deposits		 56 -58 210
Issuance of Debt		 0.30 23 184
Issuance of Common Equity		 0.05 0.04 0.04
Repayment of Debt		 -2.57 -0.41 -56
Payment of Dividends		 -8.52 -9.73 -10
Other Financing Activities, Net		 -0.32 -0.27 -0.05

Quarterly Cash Flow Statements for Enterprise Bancorp

This table details how cash moves in and out of Enterprise Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 107 -146 -52 43 -33 -169 91 52 -111 -4.79
Net Cash From Operating Activities		 4.90 28 5.67 2.40 29 20 2.18 14 13 18
Net Cash From Continuing Operating Activities		 4.90 28 5.67 2.40 29 20 2.18 14 13 18
Net Income / (Loss) Continuing Operations		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Consolidated Net Income / (Loss)		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Provision For Loan Losses		 1.00 1.86 2.74 2.27 1.75 2.49 0.62 0.14 1.33 -0.11
Depreciation Expense		 1.78 1.74 1.66 1.62 1.42 1.49 1.48 1.44 1.38 1.31
Non-Cash Adjustments to Reconcile Net Income		 0.50 3.14 -0.13 2.91 0.44 -0.65 -0.62 0.36 -1.73 0.83
Changes in Operating Assets and Liabilities, net		 -10 8.53 -9.36 -14 16 8.62 -7.82 2.26 1.57 5.34
Net Cash From Investing Activities		 -17 -70 -35 -16 -46 -125 -74 -100 -60 -112
Net Cash From Continuing Investing Activities		 -17 -70 -35 -16 -46 -125 -74 -100 -60 -112
Purchase of Property, Leasehold Improvements and Equipment		 -0.71 -1.42 -0.94 -1.11 -1.11 -2.85 -1.03 -0.77 -0.27 -0.40
Purchase of Investment Securities		 -32 -119 -50 -116 -58 -164 -87 -114 -90 -129
Sale and/or Maturity of Investments		 16 52 16 101 14 42 14 15 31 17
Other Investing Activities, net		 -0.83 -0.28 -1.12 -0.33 -0.32 -0.35 -0.58 -0.32 -0.32 -0.25
Net Cash From Financing Activities		 119 -104 -22 57 -17 -64 163 139 -64 89
Net Cash From Continuing Financing Activities		 119 -104 -22 57 -17 -64 163 139 -64 89
Net Change in Deposits		 121 -102 -20 59 -15 -83 129 143 -59 -1.76
Issuance of Debt		 - - 0.31 0.16 0.98 22 39 0.00 0.23 145
Issuance of Common Equity		 0.01 0.01 0.01 0.02 0.01 0.01 0.00 0.02 0.01 0.01
Repayment of Debt		 -0.02 -0.02 -0.32 -0.02 -0.02 -0.04 -1.09 -1.47 -2.06 -52
Payment of Dividends		 -2.13 -2.14 -2.42 -2.43 -2.44 -2.44 -2.55 -2.56 -2.57 -2.60
Other Financing Activities, Net		 -0.02 -0.09 -0.26 -0.03 -0.03 0.05 -0.19 -0.05 -0.03 0.23

Annual Balance Sheets for Enterprise Bancorp

This table presents Enterprise Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,438 4,466 4,828
Cash and Due from Banks		 37 37 43
Interest Bearing Deposits at Other Banks		 231 19 41
Trading Account Securities		 820 668 594
Loans and Leases, Net of Allowance		 3,128 3,509 3,919
Loans and Leases		 3,181 3,568 3,983
Allowance for Loan and Lease Losses		 53 59 63
Loans Held for Sale		 0.00 0.20 0.52
Premises and Equipment, Net		 44 45 42
Goodwill		 5.66 5.66 5.66
Other Assets		 161 182 182
Total Liabilities & Shareholders' Equity		 4,438 4,466 4,828
Total Liabilities		 4,156 4,137 4,467
Non-Interest Bearing Deposits		 4,036 3,978 4,188
Short-Term Debt		 - 26 153
Accrued Interest Payable		 2.01 4.68 9.06
Long-Term Debt		 59 59 60
Other Long-Term Liabilities		 24 69 57
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 282 329 361
Total Preferred & Common Equity		 282 329 361
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 282 329 361
Common Stock		 104 108 111
Retained Earnings		 275 301 328
Accumulated Other Comprehensive Income / (Loss)		 -96 -80 -79

Quarterly Balance Sheets for Enterprise Bancorp

This table presents Enterprise Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 4,530 4,442 4,502 4,482 4,624 4,774 4,743
Cash and Due from Banks		 45 43 50 45 41 48 60
Interest Bearing Deposits at Other Banks		 368 173 209 180 106 151 28
Trading Account Securities		 831 831 713 679 652 637 632
Loans and Leases, Net of Allowance		 3,058 3,175 3,289 3,346 3,594 3,707 3,795
Loans and Leases		 3,109 3,230 3,346 3,404 3,654 3,769 3,859
Allowance for Loan and Lease Losses		 51 55 57 58 61 62 64
Loans Held for Sale		 - 0.36 - - 0.40 0.00 1.23
Premises and Equipment, Net		 44 44 44 43 45 44 43
Goodwill		 5.66 5.66 5.66 5.66 5.66 5.66 5.66
Other Assets		 177 3,345 193 166 180 181 177
Total Liabilities & Shareholders' Equity		 4,530 4,442 4,502 4,482 4,624 4,774 4,743
Total Liabilities		 4,258 4,131 4,195 4,183 4,291 4,433 4,375
Non-Interest Bearing Deposits		 4,138 4,016 4,076 4,060 4,106 4,249 4,189
Short-Term Debt		 2.93 - 3.33 - 63 62 60
Accrued Interest Payable		 0.83 1.94 3.27 2.69 6.39 8.29 9.43
Long-Term Debt		 59 62 59 59 60 60 60
Other Long-Term Liabilities		 57 50 53 25 55 55 56
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 272 311 307 300 333 340 368
Total Preferred & Common Equity		 272 311 307 300 333 340 368
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 272 311 307 300 333 340 368
Common Stock		 103 105 106 107 108 109 110
Retained Earnings		 265 283 289 296 307 313 320
Accumulated Other Comprehensive Income / (Loss)		 -96 -76 -88 -103 -82 -82 -63

Annual Metrics And Ratios for Enterprise Bancorp

This table displays calculated financial ratios and metrics derived from Enterprise Bancorp's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 6.64% 0.25% 0.03%
EBITDA Growth		 -0.61% -9.10% -0.34%
EBIT Growth		 0.70% -8.73% 0.74%
NOPAT Growth		 1.29% -10.90% 1.77%
Net Income Growth		 1.29% -10.90% 1.77%
EPS Growth		 0.57% -11.65% 0.32%
Operating Cash Flow Growth		 -22.87% 19.08% -18.59%
Free Cash Flow Firm Growth		 188.86% -130.97% -245.75%
Invested Capital Growth		 -16.99% 21.36% 38.45%
Revenue Q/Q Growth		 2.87% -2.46% 1.21%
EBITDA Q/Q Growth		 3.43% -8.38% 5.23%
EBIT Q/Q Growth		 4.20% -8.89% 6.22%
NOPAT Q/Q Growth		 3.53% -10.36% 7.85%
Net Income Q/Q Growth		 3.53% -10.36% 7.85%
EPS Q/Q Growth		 3.23% -10.63% 7.22%
Operating Cash Flow Q/Q Growth		 0.36% -11.91% -3.63%
Free Cash Flow Firm Q/Q Growth		 0.09% -298.52% -29.99%
Invested Capital Q/Q Growth		 2.16% 15.39% 17.61%
Profitability Metrics		 - - -
EBITDA Margin		 37.11% 33.65% 33.52%
EBIT Margin		 32.98% 30.02% 30.24%
Profit (Net Income) Margin		 25.09% 22.30% 22.69%
Tax Burden Percent		 76.08% 74.27% 75.03%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 23.92% 25.73% 24.97%
Return on Invested Capital (ROIC)		 11.35% 10.07% 7.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.35% 10.07% 7.84%
Return on Net Nonoperating Assets (RNNOA)		 2.23% 2.38% 3.39%
Return on Equity (ROE)		 13.58% 12.45% 11.23%
Cash Return on Invested Capital (CROIC)		 29.92% -9.23% -24.41%
Operating Return on Assets (OROA)		 1.26% 1.15% 1.11%
Return on Assets (ROA)		 0.96% 0.85% 0.83%
Return on Common Equity (ROCE)		 13.58% 12.45% 11.23%
Return on Equity Simple (ROE_SIMPLE)		 15.13% 11.56% 10.74%
Net Operating Profit after Tax (NOPAT)		 43 38 39
NOPAT Margin		 25.09% 22.30% 22.69%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.75% 55.92% 59.26%
Operating Expenses to Revenue		 63.62% 64.56% 68.60%
Earnings before Interest and Taxes (EBIT)		 56 51 52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 63 57 57
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.41 1.15 1.35
Price to Tangible Book Value (P/TBV)		 1.44 1.18 1.38
Price to Revenue (P/Rev)		 2.34 2.23 2.86
Price to Earnings (P/E)		 9.34 9.99 12.62
Dividend Yield		 2.49% 2.97% 2.44%
Earnings Yield		 10.71% 10.01% 7.93%
Enterprise Value to Invested Capital (EV/IC)		 0.56 0.99 1.08
Enterprise Value to Revenue (EV/Rev)		 1.12 2.39 3.62
Enterprise Value to EBITDA (EV/EBITDA)		 3.01 7.12 10.79
Enterprise Value to EBIT (EV/EBIT)		 3.39 7.98 11.97
Enterprise Value to NOPAT (EV/NOPAT)		 4.46 10.74 15.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.97 7.15 13.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.69 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.21 0.26 0.59
Long-Term Debt to Equity		 0.21 0.18 0.17
Financial Leverage		 0.20 0.24 0.43
Leverage Ratio		 14.12 14.56 13.47
Compound Leverage Factor		 14.12 14.56 13.47
Debt to Total Capital		 17.33% 20.58% 37.12%
Short-Term Debt to Total Capital		 0.00% 6.22% 26.69%
Long-Term Debt to Total Capital		 17.33% 14.36% 10.43%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.67% 79.42% 62.88%
Debt to EBITDA		 0.94 1.48 3.72
Net Debt to EBITDA		 -3.30 0.50 2.26
Long-Term Debt to EBITDA		 0.94 1.04 1.05
Debt to NOPAT		 1.39 2.24 5.50
Net Debt to NOPAT		 -4.88 0.75 3.33
Long-Term Debt to NOPAT		 1.39 1.56 1.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 113 -35 -121
Operating Cash Flow to CapEx		 992.15% 949.61% 1,886.14%
Free Cash Flow to Firm to Interest Expense		 12.36 -0.73 -1.46
Operating Cash Flow to Interest Expense		 5.27 1.19 0.56
Operating Cash Flow Less CapEx to Interest Expense		 4.74 1.07 0.53
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 3.83 3.83 3.91
Capital & Investment Metrics		 - - -
Invested Capital		 341 414 574
Invested Capital Turnover		 0.45 0.45 0.35
Increase / (Decrease) in Invested Capital		 -70 73 159
Enterprise Value (EV)		 190 409 618
Market Capitalization		 399 380 489
Book Value per Share		 $23.28 $26.85 $29.02
Tangible Book Value per Share		 $22.82 $26.39 $28.57
Total Capital		 341 414 574
Total Debt		 59 85 213
Total Long-Term Debt		 59 59 60
Net Debt		 -208 29 129
Capital Expenditures (CapEx)		 4.84 6.02 2.47
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 59 85 213
Total Depreciation and Amortization (D&A)		 7.04 6.19 5.61
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.53 $3.11 $3.13
Adjusted Weighted Average Basic Shares Outstanding		 12.10M 12.22M 12.39M
Adjusted Diluted Earnings per Share		 $3.52 $3.11 $3.12
Adjusted Weighted Average Diluted Shares Outstanding		 12.15M 12.24M 12.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.15M 12.28M 12.46M
Normalized Net Operating Profit after Tax (NOPAT)		 43 38 40
Normalized NOPAT Margin		 25.09% 22.30% 23.18%
Pre Tax Income Margin		 32.98% 30.02% 30.24%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 6.16 1.07 0.63
NOPAT to Interest Expense		 4.69 0.79 0.47
EBIT Less CapEx to Interest Expense		 5.63 0.94 0.60
NOPAT Less CapEx to Interest Expense		 4.16 0.67 0.44
Payout Ratios		 - - -
Dividend Payout Ratio		 19.95% 25.58% 26.53%
Augmented Payout Ratio		 19.95% 25.58% 26.53%

Quarterly Metrics And Ratios for Enterprise Bancorp

This table displays calculated financial ratios and metrics derived from Enterprise Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 13.72% 11.39% 12.87% 2.40% -2.97% -9.29% -9.04% 2.14% 2.73% 4.86%
EBITDA Growth		 16.06% 13.08% 3.57% 17.42% -18.26% -29.05% -19.04% -3.96% 3.58% 22.15%
EBIT Growth		 19.80% 16.08% 4.58% 21.79% -18.03% -30.58% -20.05% -3.06% 4.26% 26.66%
NOPAT Growth		 21.66% 13.44% 4.68% 18.66% -18.92% -35.75% -21.00% -1.78% 2.97% 35.66%
Net Income Growth		 21.66% 13.44% 4.68% 18.66% -18.92% -35.75% -21.00% -1.78% 2.97% 35.66%
EPS Growth		 20.99% 12.09% 3.53% 17.91% -19.39% -36.27% -21.59% -2.53% 1.27% 32.31%
Operating Cash Flow Growth		 -52.42% 0.62% 273.78% -87.25% 497.02% -28.01% -61.63% 472.29% -57.10% -8.83%
Free Cash Flow Firm Growth		 2,062.73% 972.54% -62.56% -122.56% -118.25% -179.10% -877.72% -514.54% -681.36% -128.50%
Invested Capital Growth		 -17.57% -16.99% 0.34% 6.64% 7.45% 21.36% 22.07% 24.78% 35.83% 38.45%
Revenue Q/Q Growth		 10.89% 4.67% -3.55% -8.53% 5.07% -2.15% -3.28% 2.71% 5.67% -0.12%
EBITDA Q/Q Growth		 40.73% 3.09% -13.70% -6.22% -2.03% -10.51% -1.53% 11.25% 5.66% 5.53%
EBIT Q/Q Growth		 47.48% 3.68% -14.65% -6.67% -0.75% -12.19% -1.70% 13.16% 6.75% 6.66%
NOPAT Q/Q Growth		 46.58% 2.88% -12.50% -10.07% 0.15% -18.48% 7.59% 11.81% 4.99% 7.41%
Net Income Q/Q Growth		 46.58% 2.88% -12.50% -10.07% 0.15% -18.48% 7.59% 11.81% 4.99% 7.41%
EPS Q/Q Growth		 46.27% 4.08% -13.73% -10.23% 0.00% -17.72% 6.15% 11.59% 3.90% 7.50%
Operating Cash Flow Q/Q Growth		 -73.94% 463.40% -79.43% -57.77% 1,119.95% -32.07% -89.04% 529.86% -8.55% 44.37%
Free Cash Flow Firm Q/Q Growth		 40.35% -1.22% -88.43% -240.63% -13.55% -328.09% -13.76% -11.13% -44.38% -25.19%
Invested Capital Q/Q Growth		 -3.71% 2.16% 9.47% -0.97% -2.98% 15.39% 10.11% 1.23% 5.61% 17.61%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 39.61% 39.01% 34.90% 35.79% 33.37% 30.51% 31.07% 33.65% 33.64% 35.55%
EBIT Margin		 35.59% 35.25% 31.19% 31.83% 30.06% 26.98% 27.42% 30.21% 30.51% 32.59%
Profit (Net Income) Margin		 27.00% 26.54% 24.07% 23.67% 22.56% 18.80% 20.91% 22.76% 22.62% 24.32%
Tax Burden Percent		 75.87% 75.28% 77.18% 74.37% 75.05% 69.68% 76.26% 75.35% 74.12% 74.63%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.13% 24.72% 22.82% 25.63% 24.95% 30.32% 23.74% 24.65% 25.89% 25.37%
Return on Invested Capital (ROIC)		 12.08% 12.00% 11.31% 11.64% 11.39% 8.49% 8.40% 9.17% 9.01% 8.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.08% 12.00% 11.31% 11.64% 11.39% 8.49% 8.40% 9.17% 9.01% 8.40%
Return on Net Nonoperating Assets (RNNOA)		 2.36% 2.36% 2.26% 2.45% 2.42% 2.01% 2.41% 2.60% 2.42% 3.63%
Return on Equity (ROE)		 14.45% 14.36% 13.58% 14.09% 13.81% 10.50% 10.81% 11.77% 11.43% 12.04%
Cash Return on Invested Capital (CROIC)		 30.42% 29.92% 11.24% 6.04% 5.07% -9.23% -11.25% -13.48% -21.91% -24.41%
Operating Return on Assets (OROA)		 1.31% 1.35% 1.23% 1.26% 1.17% 1.03% 1.01% 1.09% 1.12% 1.20%
Return on Assets (ROA)		 1.00% 1.02% 0.95% 0.94% 0.88% 0.72% 0.77% 0.82% 0.83% 0.89%
Return on Common Equity (ROCE)		 14.45% 14.36% 13.58% 14.09% 13.81% 10.50% 10.81% 11.77% 11.43% 12.04%
Return on Equity Simple (ROE_SIMPLE)		 15.16% 0.00% 13.88% 14.54% 14.17% 0.00% 10.74% 10.46% 9.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
NOPAT Margin		 27.00% 26.54% 24.07% 23.67% 22.56% 18.80% 20.91% 22.76% 22.62% 24.32%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 54.68% 53.02% 54.50% 53.97% 57.71% 57.48% 61.75% 60.81% 58.22% 56.53%
Operating Expenses to Revenue		 62.15% 60.74% 62.69% 62.63% 65.86% 67.10% 71.05% 69.47% 66.47% 67.66%
Earnings before Interest and Taxes (EBIT)		 16 16 14 13 13 11 11 13 13 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 18 18 16 15 14 13 13 14 15 16
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.41 1.17 1.10 1.08 1.15 0.94 0.90 1.08 1.35
Price to Tangible Book Value (P/TBV)		 1.27 1.44 1.19 1.12 1.10 1.18 0.96 0.91 1.10 1.38
Price to Revenue (P/Rev)		 2.05 2.34 2.07 1.92 1.85 2.23 1.88 1.82 2.35 2.86
Price to Earnings (P/E)		 8.23 9.34 8.40 7.57 7.62 9.99 8.75 8.57 11.06 12.62
Dividend Yield		 2.85% 2.49% 2.83% 3.14% 3.39% 2.97% 3.65% 3.81% 2.97% 2.44%
Earnings Yield		 12.14% 10.71% 11.90% 13.20% 13.13% 10.01% 11.43% 11.67% 9.04% 7.93%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.56 0.56 0.39 0.44 0.99 0.63 0.49 0.88 1.08
Enterprise Value to Revenue (EV/Rev)		 0.00 1.12 1.20 0.81 0.90 2.39 1.73 1.35 2.54 3.62
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 3.01 3.29 2.16 2.51 7.12 5.29 4.21 7.87 10.79
Enterprise Value to EBIT (EV/EBIT)		 0.00 3.39 3.69 2.41 2.80 7.98 5.95 4.72 8.81 11.97
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 4.46 4.85 3.19 3.71 10.74 8.05 6.37 11.92 15.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 3.97 3.68 3.52 2.43 7.15 5.37 3.49 8.87 13.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.69 5.00 6.58 8.96 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.23 0.21 0.20 0.20 0.20 0.26 0.37 0.36 0.33 0.59
Long-Term Debt to Equity		 0.22 0.21 0.20 0.19 0.20 0.18 0.18 0.18 0.16 0.17
Financial Leverage		 0.20 0.20 0.20 0.21 0.21 0.24 0.29 0.28 0.27 0.43
Leverage Ratio		 14.52 14.12 14.31 15.05 15.76 14.56 14.06 14.32 13.81 13.47
Compound Leverage Factor		 14.52 14.12 14.31 15.05 15.76 14.56 14.06 14.32 13.81 13.47
Debt to Total Capital		 18.56% 17.33% 16.71% 16.93% 16.55% 20.58% 26.92% 26.29% 24.54% 37.12%
Short-Term Debt to Total Capital		 0.88% 0.00% 0.00% 0.90% 0.00% 6.22% 13.86% 13.38% 12.29% 26.69%
Long-Term Debt to Total Capital		 17.68% 17.33% 16.71% 16.03% 16.55% 14.36% 13.06% 12.92% 12.25% 10.43%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 81.44% 82.67% 83.29% 83.07% 83.45% 79.42% 73.08% 73.71% 75.46% 62.88%
Debt to EBITDA		 1.02 0.94 0.98 0.95 0.95 1.48 2.26 2.25 2.20 3.72
Net Debt to EBITDA		 -5.76 -3.30 -2.40 -2.98 -2.65 0.50 -0.46 -1.45 0.57 2.26
Long-Term Debt to EBITDA		 0.97 0.94 0.98 0.90 0.95 1.04 1.09 1.11 1.10 1.05
Debt to NOPAT		 1.50 1.39 1.45 1.40 1.40 2.24 3.43 3.41 3.33 5.50
Net Debt to NOPAT		 -8.52 -4.88 -3.55 -4.39 -3.91 0.75 -0.70 -2.20 0.86 3.33
Long-Term Debt to NOPAT		 1.43 1.39 1.45 1.33 1.40 1.56 1.66 1.67 1.66 1.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 83 82 9.51 -13 -15 -65 -74 -82 -119 -149
Operating Cash Flow to CapEx		 687.64% 1,938.44% 601.06% 215.08% 2,630.96% 696.74% 211.56% 1,778.47% 4,661.34% 4,548.49%
Free Cash Flow to Firm to Interest Expense		 35.83 21.30 1.39 -1.26 -1.10 -3.89 -3.93 -3.97 -5.37 -7.16
Operating Cash Flow to Interest Expense		 2.11 7.15 0.83 0.23 2.12 1.19 0.12 0.66 0.57 0.87
Operating Cash Flow Less CapEx to Interest Expense		 1.80 6.78 0.69 0.12 2.04 1.02 0.06 0.63 0.55 0.85
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 3.73 3.83 3.94 3.99 4.00 3.83 3.77 3.82 3.89 3.91
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 334 341 374 370 359 414 456 462 488 574
Invested Capital Turnover		 0.45 0.45 0.47 0.49 0.50 0.45 0.40 0.40 0.40 0.35
Increase / (Decrease) in Invested Capital		 -71 -70 1.26 23 25 73 82 92 129 159
Enterprise Value (EV)		 -12 190 210 143 157 409 288 227 428 618
Market Capitalization		 340 399 363 339 323 380 313 305 397 489
Book Value per Share		 $22.47 $23.28 $25.63 $25.16 $24.48 $26.85 $27.16 $27.51 $29.63 $29.02
Tangible Book Value per Share		 $22.00 $22.82 $25.16 $24.70 $24.02 $26.39 $26.70 $27.05 $29.17 $28.57
Total Capital		 334 341 374 370 359 414 456 462 488 574
Total Debt		 62 59 62 63 59 85 123 121 120 213
Total Long-Term Debt		 59 59 62 59 59 59 60 60 60 60
Net Debt		 -352 -208 -153 -196 -166 29 -25 -78 31 129
Capital Expenditures (CapEx)		 0.71 1.42 0.94 1.11 1.11 2.85 1.03 0.77 0.27 0.40
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 62 59 62 63 59 85 123 121 120 213
Total Depreciation and Amortization (D&A)		 1.78 1.74 1.66 1.62 1.42 1.49 1.48 1.44 1.38 1.31
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.99 $1.02 $0.89 $0.79 $0.79 $0.64 $0.69 $0.77 $0.80 $0.87
Adjusted Weighted Average Basic Shares Outstanding		 12.12M 12.10M 12.16M 12.23M 12.25M 12.22M 12.29M 12.39M 12.43M 12.39M
Adjusted Diluted Earnings per Share		 $0.98 $1.02 $0.88 $0.79 $0.79 $0.65 $0.69 $0.77 $0.80 $0.86
Adjusted Weighted Average Diluted Shares Outstanding		 12.16M 12.15M 12.19M 12.24M 12.26M 12.24M 12.30M 12.39M 12.44M 12.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.12M 12.15M 12.22M 12.24M 12.26M 12.28M 12.37M 12.42M 12.43M 12.46M
Normalized Net Operating Profit after Tax (NOPAT)		 12 12 11 9.68 9.70 7.91 8.51 9.51 9.99 11
Normalized NOPAT Margin		 27.00% 26.54% 24.07% 23.67% 22.56% 18.80% 20.91% 22.76% 22.62% 24.32%
Pre Tax Income Margin		 35.59% 35.25% 31.19% 31.83% 30.06% 26.98% 27.42% 30.21% 30.51% 32.59%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.79 4.24 2.03 1.23 0.94 0.68 0.59 0.61 0.61 0.69
NOPAT to Interest Expense		 5.15 3.19 1.57 0.91 0.70 0.47 0.45 0.46 0.45 0.52
EBIT Less CapEx to Interest Expense		 6.48 3.87 1.89 1.12 0.86 0.51 0.54 0.57 0.60 0.67
NOPAT Less CapEx to Interest Expense		 4.84 2.82 1.43 0.81 0.62 0.30 0.40 0.42 0.44 0.50
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 20.10% 19.95% 20.42% 20.41% 22.23% 25.58% 27.53% 28.03% 28.16% 26.53%
Augmented Payout Ratio		 20.10% 19.95% 20.42% 20.41% 22.23% 25.58% 27.53% 28.03% 28.16% 26.53%

Key Financial Trends

Enterprise Bancorp Inc. (EBTC) has demonstrated steady financial growth over the past several quarters through the end of 2024, reflected in its income, cash flow, and balance sheet statements.

  • Net interest income has consistently increased from approximately $39.97 million in Q1 2023 to $38.5 million in Q4 2024, indicating stable core operations in lending and investing activities.
  • Net income attributable to common shareholders rose steadily from $8.5 million in Q1 2024 to $10.7 million in Q4 2024, showing an improving profitability trend.
  • Earnings per share have increased each quarter during 2024, growing from $0.69 in Q1 to $0.87 in Q4 on a basic basis, signaling enhanced shareholder returns.
  • Provision for credit losses has generally decreased or remained low, with a minimal provision of -$106,000 in Q4 2024, suggesting effective credit risk management.
  • Loan and lease interest income grew from $39.56 million in Q1 2023 to over $54.5 million in Q4 2024, reflecting expansion in the loan portfolio or improved yields.
  • Total assets have increased from about $4.4 billion in Q1 2023 to approximately $4.74 billion by Q3 2024, signaling growth in the bank’s balance sheet.
  • Non-interest income, including investment banking income and service charges, has fluctuated but shows a positive contribution to overall revenue (over $5.6 million in Q4 2024).
  • Cash dividends per common share have been steady, increasing slightly from $0.205 in Q3 2022 to $0.24 in Q4 2024, indicating consistent shareholder payouts.
  • Total non-interest expenses have trended upward, reaching almost $29.8 million in Q4 2024, which may pressure future margins if not controlled.
  • Net cash from continuing investing activities shows significant outflows each quarter, with purchases of investment securities far exceeding sales, which could impact liquidity if unchecked.

Summary: Enterprise Bancorp exhibits a solid growth trajectory marked by rising net interest income, improving net earnings, and expanding assets. The bank’s effective credit risk management is reflected in stable or reduced credit loss provisions. However, increasing non-interest expenses and ongoing heavy investment purchases indicate areas to monitor for continued financial health. Overall, the company appears financially stable with promising trends for profitability and shareholder value.

08/27/25 02:40 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Enterprise Bancorp's Financials

When does Enterprise Bancorp's financial year end?

According to the most recent income statement we have on file, Enterprise Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Enterprise Bancorp's net income changed over the last 2 years?

Enterprise Bancorp's net income appears to be on a downward trend, with a most recent value of $38.73 million in 2024, falling from $42.72 million in 2022. The previous period was $38.06 million in 2023.

How has Enterprise Bancorp's revenue changed over the last 2 years?

Over the last 2 years, Enterprise Bancorp's total revenue changed from $170.26 million in 2022 to $170.74 million in 2024, a change of 0.3%.

How much debt does Enterprise Bancorp have?

Enterprise Bancorp's total liabilities were at $4.47 billion at the end of 2024, a 8.0% increase from 2023, and a 7.5% increase since 2022.

How much cash does Enterprise Bancorp have?

In the past 2 years, Enterprise Bancorp's cash and equivalents has ranged from $36.90 million in 2022 to $42.69 million in 2024, and is currently $42.69 million as of their latest financial filing in 2024.

How has Enterprise Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Enterprise Bancorp's book value per share changed from 23.28 in 2022 to 29.02 in 2024, a change of 24.7%.


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This page (NASDAQ:EBTC) was last updated on 8/27/2025 by MarketBeat.com Staff
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