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Last $21.97 USD
Change Today +0.22 / 1.01%
Volume 11.6K
EBTC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

enterprise bancorp inc (EBTC) Key Developments

Enterprise Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Enterprise Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total interest and dividend income was $20,223,000 compared to $18,780,000 a year ago. Net interest income was $18,970,000 compared to $17,452,000 a year ago. Net interest income after provision for loan losses was $17,745,000 compared to $17,252,000 a year ago. Income before income taxes was $5,370,000 compared to $5,071,000 a year ago. Net income was $3,515,000 compared to $3,314,000 a year ago. Diluted earnings per share was $0.34 compared to $0.32 a year ago. The increase in net interest income was due primarily to loan growth, partially offset by a decrease in tax equivalent net interest margin. For the six months, the company's total interest and dividend income was $40,054,000 compared to $37,011,000 a year ago. Net interest income was $37,416,000 compared to $34,366,000 a year ago. Net interest income after provision for loan losses was $35,566,000 compared to $33,966,000 a year ago. Income before income taxes was $11,014,000 compared to $10,439,000 a year ago. Net income was $7,135,000 compared to $6,820,000 a year ago. Diluted earnings per share was $0.69 compared to $0.67 a year ago. Book value per share was $16.66 compared to $15.73 a year ago. Return on average total assets was 0.70% compared to 0.74% a year ago. Return on average stockholders' equity was 8.43% compared to 8.85% a year ago. The company's 2015 growth contributed to increases in quarterly and year-to-date net interest income, non-interest income, and non-interest expenses, as compared to the same periods in 2014. Quarter and year-to-date net income in 2015 was also impacted by increases in net gains on sales of investment securities and the provision for loan losses compared to the same 2014 periods.

Enterprise Bancorp, Inc. Declares Quarterly Dividend, Payable on September 1, 2015

On July 21, 2015, the Board of Directors of Enterprise Bancorp Inc. declared a quarterly dividend of $0.125 per share to be paid on September 1, 2015 to shareholders of record as of August 11, 2015. The 2015 dividend rate represents a 4.2% increase over the 2014 dividend rate.

Enterprise Bancorp Inc. Announces Unaudited Consolidated Earnings Results for First Quarter and Ended March 31, 2015

Enterprise Bancorp Inc. announced unaudited consolidated earnings results for first quarter and ended March 31, 2015. For the quarter, the company reported net interest income of $18,446,000, income before income taxes of $5,644,000, net income of $3,620,000 or $0.35 per basic and diluted share, compared to the net interest income of $16,914,000, income before income taxes of $5,368,000, net income of $3,506,000 or $0.35 per basic and diluted share for the same quarter a year ago. Book value per share was $16.61 compared to $15.39 a year ago. Return on average total assets was 0.72% compared to 0.77% a year ago. Return on average stockholders' equity was 8.67% compared to 9.28% a year ago. The increase in 2015 first quarter earnings compared to 2014 is largely driven by growth over the last twelve months. This growth continues to be driven by the collective efforts and contributions of dedicated Enterprise team, active community involvement, relationship building and a customer-focused mindset, market expansion, and ongoing enhancement of product and service offerings. This increase in net interest income was due primarily to loan growth, partially offset by a decrease in tax equivalent net interest margin.

Enterprise Bancorp, Inc. Declares Quarterly Dividend, Payable on June 1, 2015

Enterprise Bancorp Inc. announced that on April 21, 2015, the Board of Directors of the company declared a quarterly dividend of $0.125 per share to be paid on June 1, 2015 to shareholders of record as of May 11, 2015.

Enterprise Bancorp Inc., Annual General Meeting, May 05, 2015

Enterprise Bancorp Inc., Annual General Meeting, May 05, 2015., at 16:00 US Eastern Standard Time. Location: umass lowell inn and conference center. Agenda: To elect five directors of the company, each for a three-year term; to vote on the ratification of the audit committee's appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to transact such other business as may properly come before the meeting or any adjournments or postponements thereof.

 

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