Enterprise Bancorp, Inc.

Enterprise Bancorp, Inc.

EBTC
Enterprise Bancorp, Inc.US flagNASDAQ Global Select
39.64
USD
-0.30
- -
495.83MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
7.15
7.45
7.87
8.4
9.23
9.78
10.35
11.21
12.39
13.3
14.07
13.96
13.78
13.99
Basic EPS, GAAP
1.2
1.28
1.35
1.46
1.71
1.68
2.47
2.9
2.64
3.51
3.53
3.11
3.13
3.27
Free Cash Flow per Basic Share
1.35
3.37
1.21
2.32
2.49
3.28
3.13
2.64
2.83
4.83
3.57
4.18
3.56
3.87
Dividend per Share
0.41
0.43
0.45
0.46
0.52
0.41
0.47
0.54
0.6
0.64
0.7
0.8
0.83
0.87
Book Value per Share
8.47
9.08
9.75
10.55
11.87
12.38
14.15
16.28
18.08
20.15
22.7
24.67
26.51
27.01
Tangible Book Value per Share
12.99
13.74
14.83
15.74
19.07
19.55
21.37
24.68
27.63
28.42
22.85
26.46
28.67
30.55
Basic Weighted Avg Shares
10
11
11
11
11
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
74
79
86
93
101
113
121
132
147
160
170
171
171
174
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
4
5
5
6
6
7
7
6
7
8
7
6
6
6
Net Income, GAAP
12
14
15
16
19
19
29
34
31
42
43
38
39
41
Effective Tax Rate (%)
33.9
33.94
34.11
33.44
32.82
45.56
23.39
23.29
24.44
24.37
23.92
25.73
24.97
24.8
Profit Margin (%)
16.8
17.12
17.1
17.31
18.52
17.13
23.9
25.87
21.34
26.41
25.09
22.3
22.68
23.38
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
37
47
70
68
26
104
115
129
96
88
87
90
237
93
Total Equity
140
151
167
180
215
232
255
297
334
347
282
329
361
385
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
14.88
14.74
14.48
14.48
15.17
14.19
18.72
19.15
15.46
18.46
16.54
13.21
12.3
12.65

Capital Structure

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
51
- -
85
LT Borrowings
68
213
69
LT Finance Leases
24
24
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
392
490
484

Working Capital

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
89
98
96
Accounts Receivable, Net
21
21
22
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
9
9
7
ST Debt
51
- -
85
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.54%
4.81%
9.61%
Free Cash Flow
18.19%
11.93%
-13.83%
Net Income, GAAP
11.53%
3.64%
1.77%
Sales/Revenue/Turnover
7.21%
5.35%
0.03%
Total Cash Common Dividend
8.21%
10.08%
5.58%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
45
41
43
42
171
2024
41
42
44
44
171
2025
44
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.89
0.79
0.79
0.64
3.11
2024
0.69
0.77
0.8
0.86
3.13
2025
0.84
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.2
0.2
0.2
0.2
0.8
2024
0.21
0.21
0.21
0.21
0.83
2025
0.25
- -
- -
- -
- -

Company Description

APIChat
CEO
Steven R. Larochelle
Full Time Employees
576
Sector
Financial Services
Industry
Banks - Regional
Address
222 Merrimack Street Lowell MA United States of America 01852
IPO Date
Feb 14, 2005
Business
Enterprise Bancorp, Inc. (EBTC) operates as the holding company for Enterprise Bank and Trust Company, a community-focused commercial bank providing a broad range of banking products and services primarily to small and medium-sized businesses, professionals, and individuals in Massachusetts and New Hampshire; core offerings include commercial and retail deposit products such as checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit; commercial real estate mortgage loans, commercial and industrial loans, commercial construction loans, residential mortgages, consumer loans, home equity loans and lines of credit, secured and unsecured personal loans, construction and land development loans, and letters of credit; cash management services; wealth advisory and management services encompassing customized investment management, trust services for individuals, family groups, commercial businesses, trusts, foundations, non-profits, and endowments; brokerage and investment management for individual investors; insurance services; retirement plan services; and online, mobile, and voice banking platforms. Founded in 1989 and headquartered at 222 Merrimack Street in Lowell, Massachusetts, the company maintains approximately 27 branches across eastern Massachusetts and southern New Hampshire, serving local communities with tailored financial solutions and reporting 140 consecutive profitable quarters as of late 2024. In a major strategic development, Enterprise Bancorp signed a definitive merger agreement in December 2024 with Independent Bank Corp. (parent of Rockland Trust) for approximately $562 million in cash and stock consideration ($45.06 per share), with shareholder approval in April 2025, regulatory approvals received by June 2025, account transitions completed by October 14, 2025, and full integration under the Rockland Trust name, enhancing customer access to over 150 branches, expanded lending capacity up to $180 million per relationship, advanced treasury management, merchant services, foreign exchange, and a larger $8.7 billion wealth management platform while preserving local branch operations and staff.

Company News

APIChat
  • Independent Bank Corp. Reports First Quarter Net Income of $79.9 Million

  • Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date

  • Enterprise Bancorp, Inc. Announces First Quarter Financial Results

  • ENTERPRISE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enterprise Bancorp, Inc. - EBTC

  • EBTC Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Enterprise Bancorp, Inc. is Fair to Shareholders

  • Evaluating Enterprise Bancorp After Its Breathtaking Rally

  • 23 Upcoming Dividend Increases, Including 2 Kings

  • Enterprise Bancorp, Inc. Announces Fourth Quarter Financial Results

  • Enterprise Bancorp, Inc. Announces Quarterly Dividend

  • KBRA Comments on Enterprise Bancorp, Inc.'s Proposed Merger Agreement with Independent Bank Corp.

  • ENTERPRISE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enterprise Bancorp, Inc. - EBTC

  • INDB to Buy Enterprise Bancorp, Expand Footprint in Lucrative Markets

  • SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Enterprise Bancorp, Inc. - EBTC

  • Enterprise Bancorp, Inc. Announces Third Quarter Financial Results

  • Enterprise Bancorp, Inc. Announces Quarterly Dividend

  • Enterprise Bancorp Still Has Upside, Despite Its Recent Rally

  • Enterprise Bancorp, Inc. Announces Second Quarter Financial Results

  • Enterprise Bank Appoints David Lynch as Managing Director and Chief Investment Officer, of Enterprise Wealth Management

  • Enterprise Bancorp, Inc. Announces Quarterly Dividend

  • Enterprise Bank Announces CEO Retirement and Successor Appointment