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Enterprise Bancorp (EBTC) Financials

Enterprise Bancorp logo
$38.13 -0.26 (-0.68%)
Closing price 03:59 PM Eastern
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$38.10 -0.03 (-0.08%)
As of 04:04 PM Eastern
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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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 39 38 43
Consolidated Net Income / (Loss)		 39 38 43
Net Income / (Loss) Continuing Operations		 39 38 43
Total Pre-Tax Income 		52 51 56
Total Revenue		 171 171 170
Net Interest Income / (Expense)		 148 153 152
Total Interest Income		 230 201 161
Loans and Leases Interest Income		 208 173 136
Investment Securities Interest Income		 16 19 19
Other Interest Income		 6.20 9.94 6.01
Total Interest Expense		 82 48 9.12
Deposits Interest Expense		 77 44 5.71
Short-Term Borrowings Interest Expense		 2.43 0.11 0.05
Long-Term Debt Interest Expense		 3.47 3.47 3.35
Total Non-Interest Income		 23 18 18
Other Service Charges		 12 11 11
Net Realized & Unrealized Capital Gains on Investments		 1.29 -1.72 -0.42
Investment Banking Income		 7.89 6.73 6.53
Other Non-Interest Income		 2.00 1.26 1.20
Provision for Credit Losses		 1.99 9.25 5.80
Total Non-Interest Expense		 117 110 108
Salaries and Employee Benefits		 78 72 72
Net Occupancy & Equipment Expense		 20 20 20
Marketing Expense		 2.59 2.79 2.76
Property & Liability Insurance Claims		 3.57 2.71 1.78
Other Operating Expenses		 11 12 12
Restructuring Charge		 1.14 0.00 0.00
Income Tax Expense		 13 13 13
Basic Earnings per Share		 $3.13 $3.11 $3.53
Weighted Average Basic Shares Outstanding		 12.39M 12.22M 12.10M
Diluted Earnings per Share		 $3.12 $3.11 $3.52
Weighted Average Diluted Shares Outstanding		 12.40M 12.24M 12.15M
Weighted Average Basic & Diluted Shares Outstanding		 12.46M 12.28M 12.15M
Cash Dividends to Common per Share		 $0.96 $0.92 $0.82

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

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

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

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

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

Annual Metrics And Ratios for Enterprise Bancorp

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

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

Quarterly Metrics And Ratios for Enterprise Bancorp

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

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

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 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 5/23/2025 by MarketBeat.com Staff
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