Enterprise Bancorp, Inc. (EBTC)

Enterprise Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	208.38	172.54	135.93	133.21	131.09
Interest Income on Investments	21.89	28.52	24.98	15.83	13.75
Total Interest Income	230.27	201.05	160.91	149.03	144.84
Interest Paid on Deposits	76.51	44.39	5.71	3.92	11.6
Interest Paid on Borrowings	5.89	3.58	3.4	3.56	3.11
Total Interest Expense	82.41	47.97	9.12	7.48	14.71
Net Interest Income	147.86	153.08	151.8	141.56	130.13
Net Interest Income Growth (YoY)	-3.41%	0.85%	7.24%	8.78%	12.32%
Trust Income	7.89	6.73	6.53	6.79	5.82
Gain (Loss) on Sale of Investments	1.14	-1.75	-2.49	0.37	0.18
Other Non-Interest Income	4.82	4.12	6.19	2.02	3.41
Total Non-Interest Income	22.88	17.61	18.46	18.11	17.25
Non-Interest Income Growth (YoY)	29.93%	-4.62%	1.96%	4.99%	5.69%
Revenues Before Loan Losses	170.74	170.69	170.26	159.66	147.38
Provision for Loan Losses	1.99	9.25	5.8	1.77	12.5
Revenue	168.76	161.44	164.46	157.89	134.88
Revenue Growth (YoY)	4.53%	-1.83%	4.16%	17.06%	2.97%
Salaries and Employee Benefits	78.22	72.11	71.91	66.45	61.39
Occupancy Expenses	9.67	8.12	7.7	8.15	7.25
Federal Deposit Insurance	3.57	2.71	1.78	1.91	2.12
Selling, General & Administrative	16.75	19.16	19.16	17.8	16.01
Other Non-Interest Expense	7.79	7.88	7.5	6.86	6.2
Total Non-Interest Expense	116	110.2	108.31	101.42	93.25
EBT Excluding Unusual Items	52.76	51.25	56.15	56.47	41.63
Other Unusual Items	-	-	-	-0.71	-
Pretax Income	51.63	51.25	56.15	55.76	41.63
Income Tax Expense	12.89	13.19	13.43	13.59	10.17
Net Income	38.73	38.06	42.72	42.17	31.46
Net Income to Common	38.73	38.06	42.72	42.17	31.46
Net Income Growth	1.77%	-10.90%	1.29%	34.06%	-8.02%
Basic Shares Outstanding	12	12	12	12	12
Diluted Shares Outstanding	12	12	12	12	12
Shares Change (YoY)	1.26%	0.78%	0.82%	1.11%	0.76%
EPS (Basic)	3.13	3.11	3.53	3.51	2.64
EPS (Diluted)	3.12	3.11	3.52	3.50	2.64
EPS Growth	0.32%	-11.65%	0.57%	32.58%	-8.65%
Dividend Per Share	0.960	0.920	0.820	0.740	0.700
Dividend Growth	4.35%	12.20%	10.81%	5.71%	9.38%
Effective Tax Rate	24.97%	25.73%	23.92%	24.37%	24.44%

Source: S&P Capital IQ. Banks template. Financial Sources.