Enterprise Bancorp, Inc. (EBTC)

Enterprise Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	200.53	172.54	135.93	133.21	131.09	122.08
Interest Income on Investments	23.75	28.52	24.98	15.83	13.75	15.03
Total Interest Income	224.28	201.05	160.91	149.03	144.84	137.11
Interest Paid on Deposits	72.85	44.39	5.71	3.92	11.6	19.94
Interest Paid on Borrowings	5.54	3.58	3.4	3.56	3.11	1.31
Total Interest Expense	78.39	47.97	9.12	7.48	14.71	21.25
Net Interest Income	145.89	153.08	151.8	141.56	130.13	115.86
Net Interest Income Growth (YoY)	-8.09%	0.85%	7.24%	8.78%	12.32%	6.45%
Trust Income	7.64	6.73	6.53	6.79	5.82	5.49
Gain (Loss) on Sale of Investments	1.84	-1.75	-2.49	0.37	0.18	0.51
Other Non-Interest Income	4.42	4.12	6.19	2.02	3.41	2.94
Total Non-Interest Income	22.81	17.61	18.46	18.11	17.25	16.32
Non-Interest Income Growth (YoY)	40.18%	-4.62%	1.96%	4.99%	5.69%	36.11%
Revenues Before Loan Losses	168.7	170.69	170.26	159.66	147.38	132.18
Provision for Loan Losses	4.58	9.25	5.8	1.77	12.5	1.18
Revenue	164.12	161.44	164.46	157.89	134.88	131
Revenue Growth (YoY)	-1.36%	-1.83%	4.16%	17.06%	2.97%	10.48%
Salaries and Employee Benefits	77.27	72.11	71.91	66.45	61.39	55.87
Occupancy Expenses	7.99	8.12	7.7	8.15	7.25	7.02
Federal Deposit Insurance	3.39	2.71	1.78	1.91	2.12	0.88
Selling, General & Administrative	18.96	19.16	19.16	17.8	16.01	15.15
Other Non-Interest Expense	7.72	7.88	7.5	6.86	6.2	7.25
Total Non-Interest Expense	115.51	110.2	108.31	101.42	93.25	86.42
EBT Excluding Unusual Items	48.6	51.25	56.15	56.47	41.63	44.58
Other Unusual Items	-	-	-	-0.71	-	-
Pretax Income	48.6	51.25	56.15	55.76	41.63	44.58
Income Tax Expense	12.69	13.19	13.43	13.59	10.17	10.38
Net Income	35.91	38.06	42.72	42.17	31.46	34.2
Net Income to Common	35.91	38.06	42.72	42.17	31.46	34.2
Net Income Growth	-15.41%	-10.90%	1.29%	34.06%	-8.02%	18.42%
Basic Shares Outstanding	12	12	12	12	12	12
Diluted Shares Outstanding	12	12	12	12	12	12
Shares Change (YoY)	1.11%	0.78%	0.82%	1.11%	0.76%	0.68%
EPS (Basic)	2.91	3.11	3.53	3.51	2.64	2.90
EPS (Diluted)	2.91	3.11	3.52	3.50	2.64	2.89
EPS Growth	-16.37%	-11.65%	0.57%	32.58%	-8.65%	17.48%
Dividend Per Share	0.950	0.920	0.820	0.740	0.700	0.640
Dividend Growth	6.15%	12.20%	10.81%	5.71%	9.38%	10.34%
Effective Tax Rate	26.11%	25.73%	23.92%	24.37%	24.44%	23.29%

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