Enterprise Bancorp (EBTC) Financials

$35.03 +0.15 (+0.43%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$35.03 0.00 (0.00%)

As of 04/17/2025 04:05 PM Eastern

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
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

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
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

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
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

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
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

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
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

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
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

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

Metric	2022	2023	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%

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
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%

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 4/20/2025 by MarketBeat.com Staff

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Enterprise Bancorp (EBTC) Financials

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