Last $21.90 USD
Change Today +0.40 / 1.86%
Volume 602.0
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As of 2:34 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Key Developments

Enterprise Bancorp, Inc. Announces Quarterly Dividend Increase of 4.2%, Payable on March 2, 2015

On January 20, 2015, the board of directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.125 per share to be paid on March 2, 2015 to shareholders of record as of February 9, 2015.

Enterprise Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $3,831,000 against $3,533,000 a year ago. Diluted earnings per share were $0.37 against $0.35 a year ago. Total interest and dividend income was $19,394,000 against $17,946,000 for the same period a year ago. Net interest income was $18,092,000 against $16,633,000 for the same period a year ago. Income before income taxes was $5,752,000 against $5,437,000 for the same period a year ago. This increase in net interest income was primarily due to loan growth, mainly in commercial real estate loans, partially offset in the year-to-date period by a decrease in tax equivalent net interest margin. For the nine months, the company reported net income of $10,651,000 against $10,045,000 a year ago. Diluted earnings per share were $1.05 against $1.01 a year ago. Total interest and dividend income was $56,405,000 against $52,597,000 for the same period a year ago. Net interest income was $52,458,000 against $48,579,000 for the same period a year ago. Income before income taxes was $16,191,000 against $15,343,000 for the same period a year ago. Book value per share as at September 30, 2014 was $16.00 against $14.88 as at September 30, 2013. Return on average total assets was 0.75% against 0.78% a year ago. Return on average stockholders' equity was 9.05% against 9.36% as at September 30, 2013.

Enterprise Bancorp, Inc. Declares Quarterly Dividend, Payable on December 1, 2014

The Board of Directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.12 per share to be paid on December 1, 2014 to shareholders of record as of November 10, 2014. The quarterly dividend represents a 4.3% increase over the 2013 dividend rate.

Enterprise Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Enterprise Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total interest and dividend income was $18,780,000 compared to $17,458,000 a year ago. Net interest income was $17,452,000 compared to $16,127,000 a year ago. Net interest income after provision for loan losses was $17,252,000 compared to $15,593,000 a year ago. Income before income taxes was $5,071,000 compared to $4,685,000 a year ago. Net income was $3,314,000 compared to $3,079,000 a year ago. Diluted earnings per share was $0.32 compared to $0.31 a year ago. For the six months, the company's total interest and dividend income was $37,011,000 compared to $34,651,000 a year ago. Net interest income was $34,366,000 compared to $31,946,000 a year ago. This increase in net interest income was primarily due to loan growth, mainly in commercial real estate loans, partially offset by a decrease in tax equivalent net interest margin. Net interest income after provision for loan losses was $33,966,000 compared to $30,629,000 a year ago. Income before income taxes was $10,439,000 compared to $9,906,000 a year ago. Net income was $6,820,000 compared to $6,512,000 a year ago. Diluted earnings per share was $0.67 compared to $0.66 a year ago. Book value per share was $15.73 compared to $14.58 a year ago. Return on average total assets was 0.74% compared to 0.78% a year ago. Return on average stockholders' equity was 8.85% compared to 9.23% a year ago. The Company's growth has contributed to increases in net interest income and non-interest expenses in the current year as compared to the same period in 2013. Net income, as compared to the prior year, was also impacted by a lower loan loss provision in 2014, partially offset by a decrease in non-interest income due primarily to lower gains on sales of loans and lower net gains on sales of investment securities.

Enterprise Bancorp, Inc. Announces Quarterly Dividend Payable on September 2, 2014

On July 15, 2014, the board of directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.12 per share to be paid on September 2, 2014 to shareholders of record as of August 12, 2014. The quarterly dividend represents a 4.3% increase over the 2013 dividend rate.

 

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